Month: June 2023

How Peter McCormack is turning an unknown town into a Bitcoin hub

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Can a football team backed by Bitcoin (BTC) really raise up a town? In the latest Cointelegraph documentary, reporter Joe Hall investigates the impact of a Bitcoin football club, Real Bedford, on the small commuter town of Bedford in the United Kingdom. Peter McCormack, the renowned host of the What Bitcoin Did podcast, bought Real Bedford Football Club in 2021 during the peak of the Bitcoin bull run. While many questioned his decision, McCormack saw an opportunity to revive a football club and promote Bitcoin adoption in his hometown. Two years later,…

BTC price focuses on $26K as Bitcoin traders brace for CPI volatility

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Bitcoin (BTC) returned above $26,000 on June 13 as analysts eyed resistance overhead.  BTC/USD 1-hour candle chart on Bitstamp. Source: TradingView Bitcoin price inches between trend lines Data from Cointelegraph Markets Pro and TradingView showed BTC/USD attempting to reclaim $26,000 support after the daily close. The pair had seen a curiously uneventful start to the week despite ongoing fallout from United States legal action and markets preparing for a slew of macroeconomic data releases. Thus, Bitcoin remained in a narrow range, which has been in place since midway through the…

‘There’s no more exciting time than now’ for Bitcoin: BTC Prague 2023

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In recent weeks, the cryptocurrency market has faced bearish trends, driving crypto market capitalization down to its lowest level in over two months. However, according to some market analysts, Bitcoin (BTC) and other altcoins are still resilient despite the overall market climate. But, it’s not only the market analysts still holding onto the bullish sentiment. At the BTC Prague 2023 conference, Jan3 CEO Samson Mow spoke with Cointelegraph about how he sees the current state of the Bitcoin market and why he’s bullish for the near and long-term future. Cointelegraph reporter…

Chinese Financial Institution BOCI Launches Tokenized Securities on Ethereum

The move represents the first attempt by any Chinese financial institution to issue a tokenized security in Hong Kong. Bank of China Investment (BOCI) has issued 200 million Chinese yuan ($28 million) worth of digital structured notes. Minted on the Ethereum blockchain, The move represents the first attempt by any Chinese financial institution to issue a tokenized security in Hong Kong, albeit on a public blockchain. According to a June 12 press release, BOCI had the help of Swiss banking giant UBS in the issuance and placement of tokenized securities…

Binance.US Suffers 78% Market Crash since US SEC Lawsuit

Binance.US experienced a significant market crash following the lawsuit slammed on the company by the US SEC last week. The US arm of international crypto exchange Binance has seen a 78% market crash since the United States Securities and Exchange Commission (SEC) sued the company. The company has been struggling to maintain public trust as investors continue to fear for the safety of their funds. According to data from digital assets data provider Kaiko, Binance.US has lost close to 80% of its market strength. Kaiko analyst Dessislava Aubert also confirmed the…

Twitter CEO Linda Yaccarino Says Twitter Will Be World’s Most Accurate Information Source

According to the new Twitter CEO in a thread, Twitter and all users will be responsible for making the platform the source for accurate info. The new CEO of Twitter Linda Yaccarino has posted her views on the platform’s efforts at free speech in a thread published on Monday. Among other things, CEO Yaccarino said Twitter would support open dialogue and accurate information. Yaccarino made a few promises to the general public in her first thread since officially resuming her position as Twitter CEO. She said the goal is for…