From volatility to viability: Understanding Bitcoin's journey and future prospects
Bitcoin has transformed into a major player on the financial stage, becoming a more stable and widely accepted currency.
Bitcoin has experienced significant price fluctuations but has also achieved notable milestones and gained acceptance from mainstream finance. [ more ]
HSBC, Nationwide Impose New Restrictions on Cryptocurrency Purchases in UK Featured Bitcoin News
HSBC and Nationwide have imposed new restrictions on cryptocurrency purchases in the U.K. The two financial institutions cited a warning from the Financial Conduct Authority (FCA), the British regulator overseeing the financial services industry, regarding the risks involved in purchasing cryptocurrencies.
Opinion | Skepticism of Digital Currency Needs to Be Taken Seriously
Central banks are moving towards introducing digital forms of cash, but there is concern that it could lead to government control and surveillance.
Some individuals and politicians fear that a digital currency would replace paper money and give governments the ability to track and control spending. [ more ]
Opinion | Skepticism of Digital Currency Needs to Be Taken Seriously
Central banks are moving towards introducing digital forms of cash, but there is concern that it could lead to government control and surveillance.
Some individuals and politicians fear that a digital currency would replace paper money and give governments the ability to track and control spending. [ more ]
Chinese Central Bank Governor: User Privacy and Financial Security Key Principles Guiding CBDC Design Process Featured Bitcoin News
According to Yi Gang, governor of China's central bank, the process of designing the country's digital currency is premised on two principles, the protection of user privacy as well as ensuring financial security.To achieve this, the central bank's role will be limited to managing the digital currency's operating system while the handling of personal transaction information is done by designated operating institutions.
Meta on Wednesday warned that hackers are using the promise of generative artificial intelligence like ChatGPT to trick people into installing malicious code on devices.Over the course of the past month, security analysts with the social-media giant have found malicious software posing as ChatGPT or similar AI tools, chief information security officer Guy Rosen said in a briefing.
Belgian Crypto Ads Must Warn of Risks Under New Rules
U.S. Commodity Futures Trading Commission
Explore the policy fallout from the 2022 market crash, the advance of CBDCs and more.U.S. Commodity Futures Trading Commission
Explore the policy fallout from the 2022 market crash, the advance of CBDCs and more.Jack Schickler is a CoinDesk reporter focused on crypto regulations, based in Brussels, Belgium.
Cryptocurrency turmoil is affecting crypto miners, who require lots of electricity to operate.Energy costs are up, and demand is down.A MARTINEZ, HOST: Cryptocurrencies such as bitcoin are generated or mined by companies using racks and racks of custom-purposed computers.The world of digital currency is struggling these days in the wake of the FTX scandal.
ECB says bitcoin is on road to irrelevance' amid crypto collapse
The European Central Bank says bitcoin is on an artificially induced last gasp before the road to irrelevance, in a scathing intervention arguing against giving regulatory legitimacy to the cryptocurrency.In a strongly worded blogpost, senior European Central Bank (ECB) staffers Ulrich Bindseil and Jurgen Schaaf criticised bitcoin for being a hotbed of illegal transactions that brings reputational risk for any bank that gets involved with the sector.
El Salvador's Bitcoin decision: Tracking adoption a year later
El Salvador, the small Central American nation that made history just over a year ago when it made Bitcoin ( BTC), recently marked its first year of BTC adoption.
7 Additional Cognitive Biases That Affect Your Design Process
If you've read some of my articles in the past then you'll know the emphasis that I place on understanding behavioural psychology in order to achieve the best level of UX possible, and I believe a key component of this is within how we subtly and subconsciously view and navigate the world around us, both physically and digitally.
Clarence Page: Crypto investors show a racial gap. More study is needed, by investors.
Part of growing old - or "older," as I still prefer to say - is to become increasingly reluctant to try anything new.This has led me, among other benefits, to avoid cryptocurrency."Crypto," as it also is known, is defined as a digital currency, an alternative form of payment that is created through something else I thoroughly do not understand, encryption algorithms.
House boasting an ocean view stands on the precipice in the metaverse - Yanko Design
One of my dreams is to be able to have a vacation house where I can bask in my favorite natural views as soon as I open my house.Of course, this will probably remain a dream as that would involve a lot of money and probably a major lifestyle change.But now that we're inching closer to the metaverse, or at least an initial version of it, this might eventually become possible in a phygital (physical-digital) universe.
LAYER Design's pocketable wallet for your NFTs is the next big thing in digital assets - Yanko Design
LAYER Design has shown the desire to be on the cusp of technologies that facilitate, and go hand in hand with cultural shifts.Now the United Kingdom-based design agency has ventured into the domain of digital currency and assets with a gadget for the geekiest of them all.They've collaborated with designer Tony Fadell (Former Apple executive and cocreator iPod and iPhone) and technology brand Ledger to create a credit card-sized device to store, access and send all your cryptocurrencies and NFTs.
Teaching cryptocurrency to children can be a great way to introduce them to the world of finance and technology.Here are some interactive ways one can utilize to teach cryptocurrency to children: Start with the basics and use analogies Start by defining and describing the nature of money.Inform your kids about the various types of money and the function of banks.
Analysis | Why Central Banks Got Serious About Digital Money
Money is edging toward its biggest reinvention in centuries.Modern technology and even the coronavirus pandemic have pushed consumers to go cashless, and with alternative concepts like stablecoins and cryptocurrencies taking hold, central banks are acting quickly to ensure they don't fall behind on innovation.
Avalanche Sees Surge in BTC Bridged to Its Network With Over $44 Million in Bitcoin Ported on Thursday Bitcoin News
According to statistics, the number of bitcoin bridged to the Avalanche blockchain saw a significant inflow on March 2, as more than 2,000 bitcoin were bridged on that day.Data further shows that as of Friday, March 3, a total of 8,504 bitcoin worth $190.9 million was bridged over to the Avalanche network.
Bitcoin's Crypto Market Action Holds the Upper Hand as Dominance Level Surpasses 40% Bitcoin News
On Jan. 21, 2023, the price of bitcoin reached a 24-hour high of $23,333 per unit at 5 a.m.Eastern Time on Saturday.The entire crypto-economy is now valued at $1.05 trillion after rising 7.2% against the U.S. dollar.Bitcoin's price rise has led to the crypto asset's dominance level surpassing the 40% region among thousands of crypto assets, as the digital currency's market valuation has climbed to $443 billion.
Ancient Bitcoin Block Rewards See Decrease in Spending After Record Activity in 2020 and 2021 Bitcoin News
In 2021, a number of 2010 block rewards were spent after the bitcoins sat idle for more than a decade.Furthermore, in 2020 and 2021, an early miner from 2010 spent strings of 20 ancient block rewards.In 2022, however, only 17 block rewards from 2010 were spent.Alongside this, on March 10, 2022, an entity moved 489.091 bitcoin that sat dormant in a wallet since 2010.
2 NFT Projects Plan to Transition From Solana to Alternative Blockchains Bitcoin News
Two prominent Solana projects have announced they are transitioning over to new blockchains.The non-fungible token (NFT) venture Degods detailed it will be moving to the Ethereum chain and the Y00ts NFT team detailed it is moving to Polygon.Both teams said the transitions will take place in 2023.Degods Says NFT Project Will Move to Ethereum, Y00ts Details NFT Venture Is Transitioning to Polygon The crypto community has been discussing two crypto projects that have said the teams plan to transition their ventures from the Solana blockchain network to an alternative blockchain.
8 Years Ago Today: Bitcoin Traders Slayed the Infamous Bear Whale Who Dumped 30,000 BTC in a Single Trade Featured Bitcoin News
Eight years ago today on October 6, 2014, while the price of bitcoin was coasting along at $330 per unit, an anonymous Bitstamp trader placed an order to sell 30,000 bitcoins.
You know Bomani Jones is about to say something funny, deadly serious or both when he spits out a sentence like The question is simple or Let me tell you a secret or, in this case, Here's the thing.Explaining why he no longer regularly debates sports with people on television, Jones, 42, paused dramatically, his lanky frame swimming in sweatpants as he sat on the sofa of his Harlem apartment.
Bitcoin Rallies to Recoup Losses Since FTX Collapse
Cryptocurrency bulls are extending one of the most unlikely rallies of the year so far, pushing Bitcoin above $21,000 for a second day.That means the digital currency has now recouped all its losses since the spectacular collapse of FTX in November.The rising tide has lifted most crypto boats, the DealBook newsletter reports.
Financial Giant Fidelity Files Trademarks for Crypto, NFT, and Metaverse Products Featured Bitcoin News
Fidelity Investments, a major financial services firm with $10 trillion in assets under administration, has filed several trademark applications for a wide range of cryptocurrency, non-fungible token (NFT), and metaverse products and services.Fidelity's Crypto and Metaverse Trademark Applications Fidelity Investments filed three trademark applications with the United States Patent and Trademark Office (USPTO) last week for a wide range of cryptocurrency, non-fungible token (NFT), and metaverse products and services.
Brazilian crypto industry gets regulatory clarity amid global uncertainty
As the global crypto community is still licking its wounds from the FTX collapse, a liquidity crisis continues to spread around centralized exchanges and decentralized finance (DeFi) alike.It is soon to be decided whether the coming regulation triggered by FTX's bankruptcy will bring a silver lining to crypto.
Tactical Gamification Framework in Google Maps Contribute
How Google Maps leverages user's contribution to driving its database Gamification is nothing new in tech companies trying to engage their users while also achieving some of the business metrics.Gamification increases user engagement because humans need validation from others and they want to be winners in the end.
Europe's Central Bank Warns That Bitcoin Is on Its "Last Gasp"
Rebound, Schmebound The European Central Bank is throwing some major shade at bitcoin even as it bounces back following the FTX collapse.In a blog post titled "Bitcoin's last stand," published on its official European Union website, the ECB lobs a devastating takedown at the digital currency - and warns that its demise could just be getting started.
Putin Calls for International Settlements Based on Blockchain and Digital Currencies Finance Bitcoin News
Russian President Vladimir Putin believes a new system for international money transfers is needed to reduce dependence on big banks and third parties.He is convinced that cross-border payments relying on digital currency and distributed ledger technology will be much more convenient.Russia's Head of State Urges for Blockchain-Powered International Payments President of Russia Vladimir Putin has called for the establishment of a new system for international settlements, independent from banks and third-party interference.
Analysis | With Crypto in Retreat, Central Banks Take a Quantum Leap
David Chaum, finding a use for Big Brother after all.(Photographer: Handout/Getty Images Europe)In the chaos surrounding the collapse of Sam Bankman-Fried's empire, it's easy to lose sight of what has died in this year's crypto carnage and what lives on.The biggest casualty is "anarcho-capitalism," championed by engineer Timothy May in the 1990s as cyberspace interactions unconstrained by external regulation, taxation or interference - in short, an absence of government.
Analysis | FTX Users Can't Count on Help From the IRS
The FTX website on a laptop computer arranged in Barcelona, Spain, on Tuesday, Nov. 15, 2022.FTX Group named a slate of new independent directors to oversee the collapsed crypto empire and said its bankruptcy may involve more than a million creditors.(Photographer: Bloomberg/Bloomberg)When market investors suffer losses - or get taken for a ride - they're often eligible for a tax write-off to soften the blow.
Analysis | Hong Kong Could Turn Covid Zero Into Money
Neon signs in Hong Kong, China, on Monday, Oct. 10, 2022.Once ubiquitous in Hong Kong, the signs - which became familiar to foreign audiences through movies like Blade Runner and Ghost in the Shell - have been steadily removed in the last few decades.The recent dismantling of some of the largest remaining ones, however, is rekindling interest in the local art form.
How retailers like Claire's and Walmart are going all in on Roblox
Last week, Claire's became the latest retailer to make inroads on Roblox with its "ShimmerVille" experience.Claire's describes "ShimmerVille" as "a transformative digital world to explore, work, play, shop and connect with friends."In "ShimmerVille," players can build and decorate homes, earn digital currency by having a job, own a pet and outfit their avatars in Claire's accessories and clothes.
Indian Crypto Market Is Growing: Report Shows the Country Has 115 Million Crypto Investors
A new report shows that India has roughly 115 million crypto investors, and the country's crypto economy is growing despite the recent market downturn, with more than half of the crypto investors surveyed planning to increase their crypto investments in the coming six months.Indian Crypto Ecosystem Is Growing, Report Shows
Cryptocurrency exchange Kucoin published a report on India's cryptocurrency ecosystem Tuesday.
Stablecoins would get federal rules under emerging House deal
Top House lawmakers are nearing bipartisan agreement on a proposal to regulate stablecoins, a type of cryptocurrency frequently pegged to the dollar and the subject of intense scrutiny in Washington since last year.
Tesla dumps Bitcoin amid pressure from factory shutdown
SAN FRANCISCO - Tesla sold more than $900 million worth of bitcoin last quarter, shedding 75 percent of its holdings and prompting the overall market value of the cryptocurrency to drop.
Bitcoin plunges as major crypto lender halts operations
It is the second collapse of a part of the cryptocurrency world in the last two months, and yet another questionable sign for the future of digital currency.
As much as markets are going through it right now, cryptocurrencies are really going through it, and the myriad disasters haven't abated just yet.Fortunes have been lost.Memes have been deflated.