“I was sitting back playing [NBA 2K], thinking, ‘Man, you can buy your player their own digital clothes, shoes, everything,” Bryant told CoinDesk in an interview. “I thought, what if athletes could offer something like this to their fans for them to own. We’ve been on a mission ever since.” Source
As crypto prices fall, fund investors remain bearish with record weekly outflows from digital asset investment products totaling $207 million in the seven days through Jan. 7. The spate of redemptions adds to the pressure on the market that began in mid-December, bringing the four-week outflow total to $465 million. Investment funds focused on bitcoin, the world’s largest cryptocurrency by market cap, saw outflows of $107 million during the seven-day period, according to a report published Monday by CoinShares. Bitcoin’s outflows were a “direct response” to the minutes of the…
The price of bitcoin has been on a long losing streak since November 10, 2021, when the leading crypto asset tapped an all-time high at $69K per unit. During the last two weeks, bitcoin has shed more than 19% in value, and the network’s hashrate has dropped from over 200 exahash per second (EH/s) to 174 EH/s losing roughly 15% in ten days. Civil Unrest in Kazakhstan Leads to Hashrate Loss Speculation, Kazakhstan’s Bitcoin Miners Say Issues Did Not Affect Them This week the civil unrest in Kazakhstan caused a…
He bought some more bitcoin over time but then didn’t buy it for years, until last year when the price hit new highs and then started to fall sharply, and he thought it was a good time to buy the dip. Miller started buying again at $30,000, down from its high of just under $69,000, reasoning that there were a lot more people using it, as well as VCs and others investing in it. Source
“We’ve had ZK-proofs for some time, but what we haven’t had is a way to prove Ethereum transactions, which are complex. It wasn’t possible to build a layer 2 that supports these transactions, which might have a flash loan, an arbitrage trade, a swap, all in one transaction. Proving them wasn’t possible until now,” he said. Source
The growth of the cryptocurrency industry has raised many concerns. Ranging from security and scalability, onboarding of newbies, trustless custody and order matching on exchanges, to overall user experience. To achieve mass adoption, there’s a need for third generational exchanges that would resolve these issues. Cryptocurrency and blockchain technology keeps evolving and changing to suit users’ needs. Decentralized exchanges are revolutionary and essential parts of this evolution, offering users privacy, security, and sovereignty over their crypto assets. However, any active DeFi user must have experienced the following drawbacks while using…
Canadian crypto mining firm Bitfarms has already bought 1,000 Bitcoin in 2022, making its total holdings of the crypto asset more than $177 million. In a Monday announcement, Bitfarms said it purchased 1,000 Bitcoin (BTC) for $43.2 million in the first week of January, roughly the same amount the company added to its treasury in both the third and fourth quarters of 2021. According to the mining firm, it currently holds more than 4,300 BTC as of Jan. 10, roughly $177 million at a price of $41,183. “Our guiding company…
Today, Bitcoin price sank below $40,000 for the first time since September – a price more than 50% lower than what the market was anticipating this time of year. While the downside has been impossible to ignore, the latest sweep of lows has resulted in a touch of a trend line dating back to the bear market bottom that could keep the bull market intact a bit longer. Technical Analysis And Framing The Importance Of Trend Lines When it comes to technical analysis in Bitcoin, trend lines always matter. When…
In this week’s show, Cointelegraph resident experts decide which layer-one protocol is more likely to rise above the rest in 2022. Join Cointelegraph host and analyst Benton Yaun alongside market analysts Jordan Finneseth and Sam Bourgi as they pick their favored layer-one protocols for 2022. Will it be Velas ($VLX), which is currently the fastest blockchain when it comes to transactions, Avalanche (AVAX), with its substantial VC backing, fast transactions and low gas fees, or Cosmos (ATOM), a platform focused on interoperability. Let us know which project you think has…
By all appearances, we are in for a busy year in crypto regulation and policymaking. As Alex Tapscott put it, 2021 was the year when many governments and lawmakers began to finally wake up to the transformational potential of blockchain technology. Indeed, crypto’s global mainstreaming and growing market capitalization have made it difficult for the agents of power to ignore it and have rendered it a salient economic, social and political issue across many key jurisdictions. By all appearances, we are in for a busy year in crypto regulation and…