Month: July 2023

The UK’s New Cryptocurrency Rules Are Better Than the US’s

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This is the culmination of a yearslong effort in the U.K. government to create new rules to govern cryptocurrency business within its borders. As such, it represents something of a departure for the U.K. from its usual approach to crypto asset regulation. Historically, Britain’s financial regulators have not had the power to regulate – and thus have avoided regulating – crypto-assets such as Bitcoin, Ethereum, Cardano, or Cosmos in their capacity as investments, at least in the same manner that they regulated TradFi instruments such as securities. This differs significantly…

Heating a home with a Bitcoin miner: Staying warm with sats

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Bitcoin (BTC) miners emit a lot of heat.  Some miners use that heat to warm swimming pools, dehydrate meat to make beef jerky or even dry out timber at a Swedish hydropower Bitcoin farm. In Ireland, the “Bitcoin Farmer” joked that he hangs out laundry to dry in front of his Bitcoin miner. S9 #bitcoin beef jerky pic.twitter.com/Fyc3lz98kQ — ₿usiness Cat (@_business_cat) August 12, 2022 Miner heat is not new to the Bitcoin industry. In the early days of Bitcoin, enthusiasts would mine the cryptocurrency with their everyday computers, leading…

Payments Platform Nuggets Working With Bank of England on Privacy Layer for Digital Pound

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity…

Blockchain Project Interlay Wants its New Platform to Become a ‘One-Stop-Shop for Bitcoin DeFi’

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“Financial freedom means different things to different people,” Zamyatin explained. “For some, it means that they can hedge against fiat by buying bitcoin and just holding it, but not everybody earns and has enough capital to be able to just put something aside and use it as an investment. There’s a lot of people globally who see bitcoin as access to a financial system,” he added. Original

Bitcoin outperformed popular assets in H1 2023, data shows 

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Bitcoin (BTC) outperformed other popular financial instruments and markets, including NASDAQ and the S&P 500, during the first half of 2023. Amidst regulatory uncertainties across various jurisdictions, gloomy market conditions brought about by the FTX scandal of 2022, and other high-profile bankruptcies, the latest research data show that bitcoin (BTC), the world’s leading cryptocurrency outperformed other financial vehicles during the first half of 2023. Data shows that in the first half of 2023, Bitcoin increased by…

Should you ‘orange pill’ children? The case for Bitcoin kids books – Cointelegraph Magazine

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“Any kid who doesn’t learn something about Bitcoin is missing out,” says Bitcoin advocate Ben De Waal. De Waal explains that his 12-year-old daughter Samantha has already convinced “a couple” of her schoolmates and a teacher to hop on the Bitcoin bandwagon, though she’s not attempting to “orange pill the entire school”… yet. Ben De Waal. (Supplied) Thanks to her upbringing in a “Bitcoin family” that has largely abandoned fiat currency, Sam is now a Bitcoin ambassador wunderkind nicknamed The Bitcoin Kid. De Waal himself discovered Bitcoin “around 2010” and…

Crypto developer commits $2M rug pull fraud to fuel gambling addiction

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According to a Reddit post, a developer has posted an unusual farewell note, apologizing and blaming his online gambling woes after leaving a project in shambles, turning a $2 million valuation into $20,000 within minutes. Several investors in the Encryption AI project have reported that its developer performed a rug pull during a liquidity migration event. As a result, the project’s token, 0XENCRYPT, went from trading at around $2.05 to an all-time low of $0.02. Token data aggregator CoinGecko recorded the massive price drop around July 2. Seven-day price chart for Encryption…

Bitcoin traders hope to ‘buy the dip’ as BTC price heads toward $30K

Bitcoin (BTC) headed lower into the July 5 Wall Street open as a risk-off mood entered United States equities. BTC/USD 1-day chart. Source: TradingView BTC price begins hitting dip-buying targets Data from Cointelegraph Markets Pro and TradingView showed BTC/USD tapping multi-day lows of $30,280 on Bitstamp. BTC price action continued a sideways trading pattern within a larger range in place practically since mid-June. With no discernible progress toward breaking topside resistance, Bitcoin traders hoped that a sweep of the lows would provide the fuel bulls needed. Reached for #Bitcoin. pic.twitter.com/ePhBZET0TW…

Pendle Finance Expands to BNB Chain

Pendle offers users yields in the form of tradable digital tokens, with some strategies offering as much as 82% annualized yields on ether (ETH) and ether derivative tokens. These have a maturity period that ends in late 2023 or early 2024. LSDs are tokens created by DeFi protocols, such as Lido, to reward users who stake ETH on their platform. Source