Month: May 2022

Ripple SVP says crypto winter provides an opportunity to build

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Cointelegraph’s editor-in-chief Kristina Cornèr interviewed Brooks Entwistle, Ripple’s senior vice president (SVP) for global customer success at the World Economic Forum (WEF) at Davos, Switzerland, discussing his time in Ripple and the current “crypto winter” and what market participants should focus on.  Having worked in prominent firms like Goldman Sachs and Uber, the Ripple SVP shared that his experience in Ripple has given him the opportunity to explore. In the past year, Entwistle shared that their team has been learning more about the industry to “understand what business models are…

ICO fines facial recognition database company Clearview AI Inc more than £7.5m and orders UK data to be deleted

The Information Commissioner’s Office (ICO) has fined Clearview AI Inc £7,552,800 for using images of people in the UK, and elsewhere, that were collected from the web and social media to create a global online database that could be used for facial recognition. The ICO has also issued an enforcement notice, ordering the company to stop obtaining and using the personal data of UK residents that is publicly available on the internet, and to delete the data of UK residents from its systems. The ICO enforcement action comes after a…

BREAKING NEWS – CRYPTO INVESTOR MET with Luna Founder's Wife at Home – CRYPTO NEWS UPDATES #luna

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Crypto Investor Who Lost Big Money Spooks Luna Founder’s Wife at Home: Report Luna, once the fourth largest cryptocurrency in the world, plunged to $0 on Thursday. VIDEO RELATED TO LUNA LATEST UPDATE LUNA NEWS LUNA NEW TOKEN UST COIN UPDATE LUNA COIN LATEST CRYPTO NEWS #luna #crypto ✅ How to buy Premium ► Subscription Buy Process ► Website 😊 Be smart trader with smartviewai.com (We will never DM you for any money) ➡️ Buy / Sale Crypto in India 👇 ►…

Why did UST decoupled from USD and LUNA Plummeted by 99.9%?

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Why did the algorithmic stablecoin UST experience severe price de-anchoring? TerraUSDT (UST) is—though “was” might be better—an algorithmic stablecoin whose stability mechanism stemmed from the promise of a payout with LUNA. Traders mint and burn tokens as needed to ensure the stability of UST out of trust in the Terra blockchain. However, in the last week, the UST’s price crashed, falling below ten cents and completely losing its peg. Before its decoupling from USD, UST was the third-largest stablecoin by market cap. This makes the collapse one of the most…

Do Kwon shares LUNA burn address but warns ‘LUNAtics’ against using it

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The recent Terra revival plan announced by Do Kwon, the co-founder and CEO of Terraform Labs, received mixed reactions as many questioned the effectiveness of a hard fork in reviving the fallen prices of Terra (LUNA) and TerraUSD (UST) tokens. Instead, the part of the community recommended burning LUNA as the most plausible way to achieve a comeback. Kwon’s proposal to preserve the Terra ecosystem involves hard forking the existing Terra blockchain without the algorithmic stablecoin and redistributing a new version of the LUNA tokens to investors based on a…

Bitcoin Reclaims $30K Territory After Recent Weeks’ Struggle

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Bitcoin recorded a significant positive divergence early Monday, following seven days of trading below $30,000. The crypto is trading at $30,536.93 at press time, a decrease of 2.5 percent from the previous week, according to Coingecko data. In the preceding 24 hours, the worldwide cryptocurrency market capitalization increased by almost 2 percent, reaching nearly $1.3 trillion. However, the total trading volume of cryptocurrencies was up by more than 28 percent to $62.13 billion. Bitcoin has struggled in recent weeks as the U.S. Federal Reserve has increased interest rates and inflation has remained up, increasing…

Latest updates from the Cointelegraph Davos team

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Disclaimer: This article is updated all day long. All time codes are in the UTC time zone, updates in reverse order (the latest update is placed at the top). This year’s World Economic Forum marks the first in-person event since the start of the pandemic. The last WEF with physical attendance was in Jan 2020. Cointelegraph established a unit, including editor-in-chief Kristina L. Corner, head of video Jackson DuMont and news reporter Joseph Hall, in Davos to bring in the latest updates from one of the most significant global events…

Largest difficulty drop since July 2021 — 5 things to know in Bitcoin this week

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Bitcoin (BTC) is off to a better start than most this week as bulls avoid serious losses into the weekly close. Still heavily tied to declining stock markets, the largest cryptocurrency is nonetheless defending $30,000 on May 23 and eyeing the top of its post-LUNA trading range. While there are no signs of an impending miracle price recovery, some are hoping that upside will feature before any form of reversion to a downtrend. Macro conditions remain tenuous — and the week of the World Economic Forum’s (WEF) Annual Meeting is…

Earn FREE Dogecoin FAST AND EASY (Free Crypto Mining) – Free Crypto Websites 2022

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io For today’s video, I am going to show you how you can earn free dogecoin, new websites, and apps for you to earn, if you want to earn this amount of money then all you need to do is to stick with me until the very end. This is perfect for beginners. This is the latest tutorial on how to earn crypto online. Earn FREE Dogecoin FAST AND EASY (Free Crypto Mining) – Free Crypto Websites 2022 Hello and Welcome to Felicity…

Venture funding for African crypto startups grew 11x in 2022: Report

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As the African region continues to adopt crypto and blockchain, more venture funding flowed into the continent in 2022’s first quarter compared to the first quarter of 2021, according to a new report by blockchain-investment firm Crypto Valley Venture Capital (CV VC) and Standard Bank.  The report, titled “The African Blockchain Report 2021,” shows that blockchain startups were able to raise $91 million within 2022’s first quarter. Compared to the first quarter of 2021, this year showed a 1,668% year-on-year (YoY) increase in cash inflow compared to 2021’s YoY of…