It’s time to shine for DeFi, as the old financial system has rotted and degenerated and has been the main villain amid the GameStop saga. King Midas is most famously remembered through the fable we tell our kids that the king could turn everything he touched into gold. At first, it was a great idea…
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Bitcoin is preparing for another run to its all-time high at $42,000 as the crypto industry turns cautiously bullish. The price of Bitcoin (BTC) is showing signs of a newfound rally as it breaks the $40,000 resistance area. There is a combination of optimistic on-chain data points and a favorable market structure that is leading…
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Protego joins Anchorage as the first string of digital asset firms to get national trust bank licensing. The Office of the Comptroller of the Currency has granted another crypto firm a national charter. Per an announcement shared with Cointelegraph today, Washington-based institutional crypto custodian Protego is the second crypto-native firm to get national licensing from…
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Feeless transactions can play a role in enabling DeFi, allowing the sector to further develop and grow in importance. Face-to-face transactions are starting to seem quaintly archaic as many countries continue or even expand lockdowns due to the ongoing COVID-19 pandemic. Since the start of the crisis in early 2020, digital transactions have surged, particularly…
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A half-billion dollar loan has been closed out, but multiple court cases grind on In a short statement today, Bitfinex — the sister company to centralized stablecoin Tether — announced that it has repaid Tether an outstanding loan balance of $550 million. This action fully closes out a larger $750 million loan from a $900…
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Institutional investors are rushing to acquire and add Bitcoin to their portfolio — but is it too late? Institutional investors are seen to be rushing toward Bitcoin (BTC) at high speed, with more companies emerging that look to adopt Bitcoin as a way to store their reserves. Recently, Marathon Patent Group, a Nevada-based Bitcoin mining…
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Crypto scams don’t just impact investors but the credibility of the industry as a whole, stagnating crypto’s progress. Unsuspecting investors have lost $16 billion by buying into crypto projects they thought would be the next best thing. And that money is nearly impossible to recover. As the crypto industry established itself as a disruptor of…
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Blockchain technology has the potential to change the healthcare industry, but without needed adjustments, it wouldn’t be possible. Over the past decade, blockchain has surpassed the hype realm into a real transformative solution for industries. Several companies are investing billions of dollars on the network; it topped LinkedIn’s list of in-demand hard skills in 2020,…
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In the future, owning unique art won’t be restricted to the elites, but will everyone have digital art on their walls? With the nonfungible token market approaching the frothing point, perhaps it’s time to sit back and ask: “What’s happening here?” The $750,000 in proceeds from the recent sale of a single “alien” CypherPunk NFT,…
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The only way for DeFi to realize its potential is through an omni-chain approach, enabling assets of any kind to flow freely through all platforms. It’s now virtually unarguable that decentralized finance is blockchain’s “killer use case.” Total value locked in DeFi grew by over 3,000% over the year leading up to January 2021. On…
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