editoral staff

The Ethereum network now has more bitcoin held in reserves than the Lightning Network, according to onchain statistics. At the time of publication, Wrapped Bitcoin (WBTC) has close to 4,000 BTC ($34.7M) held in reserves, while the Lightning Network has only 925 BTC ($8.3M). Wrapped Bitcoin Project’s Total Value Locked Climbs to 3.9k Bitcoin Just
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Bitcoin whales have started accumulating more tokens after the cryptocurrency’s price dipped below $9,500, according to data aggregator Santiment. Historical data shows that affluent crypto holders are trading bitcoin short-term to extract maximum profits. It suggests an interim price recovery could be underway but warns about a broader downtrend ahead. Ever since Bitcoin broke bearish
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The Swiss government has denied a 100 million franc request by the Canton of Zug for use in keeping local crypto companies afloat, according to local newspaper Tages-Anzeiger. Zug’s finance director Heinz Taennler initiated support for the financial package earlier in April to support local blockchain companies affected by the COVID-19 pandemic, but the answer
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At Consensus Distributed on May 12, Blockstream presented Lightnite, a Fortnite-like game that uses the Liquid Network for storing non-fungible tokens (NFT) representing game items. While the game is developed by independent company Satoshi’s Games, Blockstream has sponsored the game by running a token giveaway.  The announcement has garnered a considerable amount of criticism from
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CoinDCX, India’s largest cryptocurrency exchange, announced that it had raised $2.5 million from investors including Polychain Capital and Coinbase Ventures, the investment arm of crypto exchange Coinbase. The investment comes shortly after the exchange’s Series A funding round in March, in which CoinCDX secured $3 million from Bain Capital, Polychain and HDR Group, the operator
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As interest in cryptocurrency grows among institutional investors, global investment banks, like Goldman Sachs and JPMorgan Chase, are reexamining their views about bitcoin. Goldman Sachs is hosting a call for its clients to learn about the implications of current policies for bitcoin, gold, and inflation. Goldman Sachs’ Bitcoin Call for Clients New York City-headquartered investment
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Telegram has withdrawn its appeal against a United States federal court’s injunction that froze Gram token issuance and distribution, according to court documents dated May 22.  The move seems to suggest that the company has fully abandoned its TON plans. Earlier this month, Telegram CEO Pavel Durov announced their “active involvement” with the project was
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Bitcoin falls nearly 10 percent in a week, marking its worst weekly performance since March’s Black Thursday. The losses followed the cryptocurrency’s recovery from below $4,000 to $10,000. Profit-taking sentiment, miner capitulation, and uncertain macroeconomic outlooks further warn of deeper declines. Bitcoin recovered mildly at the beginning of this week after closing the previous one
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Jack Dorsey, CEO of Twitter and mobile-payment platform Square, is donating $5 million to Humanity Forward, a group launched by crypto-friendly former presidential candidate Andrew Yang, as part of both entrepreneurs’ efforts to establish universal basic income (UBI) for Americans. Dorsey announced the plan on Yang’s podcast, Yang Speaks, on May 21, while discussing the
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Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Why today’s weekly close is crucial to avoid $8,000s Not
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In the last few months, giant American corporations and financial incumbents that are subsidized by the U.S. government, have profited immensely during the coronavirus outbreak. This has caused certain groups of people and those who despise wealth to claim that “capitalism is broken.” However, today’s system, that’s currently practiced in the U.S. and many other
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