In a new chapter of the EOS community versus creators saga, the EOS Network Foundation’s (ENF) founder and “community-elected CEO” Yves La Rose revealed that they are preparing for a legal “war” against EOS creators Block.one. According to La Rose, they are reviewing any potential legal action “to seek $4.1B in damages.” Currently, the EOS
Month: February 2022
Billionaire investor Bill Ackman has called upon New York City mayor to look into the crypto regulatory clampdowns associated with BitLicense. A New Yorker shared his aghast on Twitter about the flawed crypto policies of the city and how it could force him to leave it. The user lashed out at the Bitlicense policy of the
The Central Bank of Kenya (CBK) has published a discussion paper on its central bank digital currency (CBDC), seeking public input on the potential benefits and risks and regulatory issues of introducing a CBDC in Kenya. In a statement, the CBK has highlighted that using a CBDC might improve cross-border payments by making them more
Shiba Inu (SHIB) is now the 13th-largest cryptocurrency with its market valuation sitting near $18 billion, right behind its rival meme-cryptocurrency Dogecoin (DOGE), worth roughly $20 billion. But despite falling behind in ranks, SHIB’s price has outperformed DOGE in 2022. February has seen a sharp recovery for the SHIB/DOGE pair, in particular, rising by over 38%
On February 1, there were movements of around $2.5 billion from the 2016 Bitfinex hack wallets. After reviewing the transactions, Cointelegraph reported that around 90,000 Bitcoin (BTC), worth $3.6 billion, consolidated into one wallet address. More than a week later, the hackers were caught. The United States Department of Justice seized $3.6 billion in crypto
The Nasdaq-listed digital assets financial services company Eqonex has launched a new type of Bitcoin (BTC) investment product, a BTC dated futures contract with a physical settlement. Announcing the news on Wednesday, Eqonex explained that its BTC dated futures are denominated in the USD Coin (USDC) stablecoin and increase in parallel with the BTC price
Multi-chain token bridge Allbridge will become the first to offer Stacks (STX) transfers as part of a partnership with Bitcoin software developer Daemon Technologies. STX is the native token for the Stacks Layer-1 blockchain which settles transactions on the Bitcoin (BTC) network. It currently has a market cap of $1.7 billion. Allbridge currently serves 12
In response to institutional investors’ concerns about the risks of trading in a new asset class, TMX Group, Canada’s major stock market operator, has revealed plans to launch its first-ever crypto futures product. While speaking to Reuters, TMX Group’s John McKenzie said that the firm plans to release the product on the Montreal Exchange later
Financial research firm FSInsight predicts in a new report that Bitcoin could reach $222,000, and Ether could reach $12,000, by the end of 2022. At current prices of BTC ($43,350) and ETH ($3,080), that would mean a nearly five-time and four-time increase in price for each coin respectively. The Digital Assets In A Post-Cycle World
The price of Ether (ETH) has pulled back to retest $3,000 support levels on Feb. 9 after Ethereum’s native token reached a three-week high. ETH price climbs to three-week high To date, ETH price has recovered by roughly 50% after the ETH/USD trading pair bottomed near $2,150 on Jan. 24. ETH/USD daily price chart. Source:
A new era in the world of crypto-inspired merch is here. The Cointelegraph Store is live and ready to outfit you with swag you can’t find anywhere else. Check out what we’ve been up to here. We specialize in one thing: products created exclusively for the crypto-converted. The HODLer. The nonfungible token (NFT) collector. The
The Metaverse is quickly becoming one of the biggest trends of 2022. Recent data found that the metaverse sector currently has a market capitalization of over $26 billion. While impressive, new capabilities are also being added to virtual worlds to create more immersive experiences. For example, metaverse communities that cater to creatives are starting to
Robbie Heeger’s Endaoment has facilitated the donation of over $30 million of cryptocurrency to 243 different charities. These donations come from altruistic cryptocurrency investors who are also partly motivated by reducing their tax burdens to Uncle Sam and keeping more of their profits. Born in Silicon Valley, Heeger, now in his early 30’s, was exposed
For payment tokens such as Alchemy Pay’s ACH, there may not necessarily be a world where cryptocurrencies are widely accepted as a medium of exchange for everyday transactions, such as buying a gallon of milk in the grocery store, without fiat. This is because two parallel economies exist, and bridges between fiat and cryptocurrency are
Late Wednesday, Twitter user @shibainuart reported that CoinMarketCap had removed three listed Shiba Inu (SHIB) addresses on the Binance Smart Chain (BNB), Solana (SOL), and Terra (LUNA) blockchains. Only the ERC-20 (ETH) SHIB token is visible on the site at the time of publication. A massive firestorm brewed on Twitter about three weeks prior after
Bitcoin (BTC) has recovered close to $44,000, indicating that the downtrend could be coming to an end. However, the price may not rally to the all-time high in a straight line. This means bulls are likely to face several hurdles in-between and the price action may remain volatile. JPMorgan analysts said in a recent investor
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