Kosala Hemachandra, founder and CEO of crypto asset storage platform, MyEtherWallet, mined Bitcoin as a way to pay his Los Angeles rent between 2014-2015. When it came time to pay his bills, he would convert his coins into cash to facilitate the actual transaction. In conversation with Cointelegraph, Hemachandra reminisced about purchasing Bitcoin mining equipment
Month: September 2020
According to data from CryptoQuant, the total amount of Bitcoin (BTC) held in exchange reserves dropped from 2.8 million BTC in October 2019 to 2.4 million. Analysts believe that this steady decline in reserves means retail traders and whales may be accumulating Bitcoin as they expect prices to rise in the future. Even though Bitcoin
Cybercriminals have continued to come up with new, innovative attack vectors that a lot of prominent crypto platforms are still falling prey to. For example, Johnny Lyu, the CEO of Singapore-based cryptocurrency exchange KuCoin, stated on Sept. 26 that the exchange had been on the receiving end of a major hack that resulted in the
Frederik Gregaard, the incoming CEO of the Cardano Foundation, shared his perspective on FinTech’s competitive landscape and major technology trends with Cointelegraph. Discussing competition, Gregaard said that the protocol’s biggest opponents do not come from within the blockchain space: “I think the biggest competitor, it’s really the largest technology companies today around, the large tech platforms
A large goup of accomplaces allegedly financing a jihadist network in Syria have been arrested after a sting operation by French police — despite choosing cryptocurrency coupons in an attempt to cover their tracks. In a statement, police said that “constant surveillance of these networks prompted terrorist organisations to seek more opacity by using cryptocurrencies
In defiance of Reddit’s apparent wishes, crypto traders have devised a way to exchange the social platform’s ‘community points’ tokens for fiat — and it’s resulted in a pretty surprising market cap. In May Reddit announced it would begin distributing ERC-20 rewards tokens on the Rinkeby testnet among users of its cryptocurrency and Fortnite subcommunities
As the world is battling to recover from the damage caused by the coronavirus pandemic, a major cryptocurrency event in Switzerland prepares to take return to a physical format. Crypto Finance Conference (CfC), an international crypto event held in St. Moritz, will take place from Jan. 20–22, 2021, and feature speakers from key industry firms
As Congress debates the potential of a second coronavirus stimulus bill, 9 million Americans are still waiting for their first $1,200 payment check to arrive in the mail. The inability of our existing financial infrastructure to respond quickly and effectively to an emergency like COVID-19 has prompted fresh debate about how innovations like digital currencies
Bitcoin (BTC) price appears to be gearing up for another shot at the $11K mark but traders shouldn’t get overly excited as resistance in the $11,000-$11,200 zone and at $11,389 have kept the price from moving higher for the last few weeks. Crypto Fear & Greed Index. Source: Alternative.me Currently the Crypto Fear & Greed
The latest in a series of Ethereum 2.0 testnets, called Spadina, launched on Tuesday with mixed success. Spadina was proposed as a short-lived “dress rehearsal” for the mainnet launch process, signaling that Ethereum 2.0 Phase 0 is getting ever closer. The network launched on Sept. 29 at 12 P.M. UTC, and was intended to last
The price of Bitcoin (BTC) abruptly dropped on Sep. 29 from $10,950 to $10,630 overnight, recording a 3% drop. Following the rejection at $11,000, the sentiment of traders remains mixed. Some are cautiously optimistic under the premise that BTC reclaims the $10,700 level. Technically, analysts say that the $10.7k area is a critical pivotal price
The crypto space’s decentralized finance niche has reached frenzied status within the crypto industry, signaled by exuberant price highs and rampant speculation. “DeFi is the new overhyped concept in Ethereum,” MyEtherWallet, or MEW, CEO and founder Kosala Hemachandra told Cointelegraph in an interview. “The noise is too much, so everyone is just like running around trying
A court has agreed with the Maker Ecosystem Growth Foundation that a class-action lawsuit over its ‘Black Thursday’ meltdown should enter into arbitration proceedings. The Maker Foundation filed this motion to compel arbitration in response a lawsuit filed by MakerDAO user Peter Johnson in April after he suffered six-figure losses as a result of the
The decentralized finance (DeFi) community’s insatiable appetite for unaudited code has once again ended in tears and the loss of millions. Eminence, an unfinished “economy for a gaming multiverse” being built by Yearn Finance’s Andre ‘I test in production’ Cronje, was discovered by DeFi sleuths after the developer posted art teasers for the project to
Coming every Sunday, Hodler’s Digest tracks every important crypto news story from the previous week. Essential reading for all Hodlers! Top Stories This Week European Commission unveils digital finance package for crypto and blockchain The days of murky legal waters and uncertainty for the crypto industry could be coming to an end if the European
Gemini, a cryptocurrency exchange founded by the Winklevoss twins, aims to improve user privacy with a major privacy token, Zcash (ZEC). Starting Sept. 29, Gemini will support shielded withdrawals of ZEC, which allows users to hide their transaction data. Gemini representatives said that the new feature is the “first time shielded ZEC withdrawals are available
- 1
- 2
- 3
- …
- 19
- Next Page »
