The layer two (L2) Ethereum scaling project Optimism has announced the launch of Optimism Collective, “a large-scale experiment in digital democratic governance” managed by the newly created Optimism Foundation. In addition to the governance collective, the plan is to launch a token called “OP” that aims to “govern protocol upgrades and project incentives.” Ethereum Scaling…
Read more
Bitcoin’s mining difficulty reached a lifetime high on April 27, at block height 733,824, after jumping 5.56% higher than two weeks ago. The difficulty jump further indicates that Bitcoin’s difficulty is also nearing 30 trillion, as the change on Wednesday shows the current difficulty is 29.79 trillion. It Is Now the Most Difficult Time in…
Read more
A survey by crypto trading platform Bitstamp shows that 80% of institutional investors believe crypto will overtake traditional investment vehicles. Furthermore, 70% of institutional investors said crypto was a trustworthy investment, with 68% actively recommending this asset class in investment strategies. Institutional Investors Bullish About Crypto Bitstamp, a major crypto derivatives trading platform, announced the…
Read more
22 days ago, Bitcoin.com News wrote about a Coin Insider trends study that combed through Google Trends data in the United States. According to the report, dogecoin was the most Googled cryptocurrency in the country. Another study — published by askgamblers.com — has covered similar data, but concentrated on the U.K.’s and Europe’s Google searches.…
Read more
A spokesperson reportedly hinted the closure was aimed at the company evaluating its “global office footprint.” Major United States-based payment processor PayPal will reportedly be closing its office in San Francisco, while the headquarters in nearby San Jose will remain available to employees. According to a Wednesday report from TechCrunch, the payments firm will be…
Read more
Retail digital payments are growing, but the country needs to implement further payment and financial inclusion reforms before a retail CBDC will be needed. The Philippines will pursue a wholesale central bank digital currency pilot project, to be called Project CBDCPh, Bangko Sentral ng Pilipinas governor Benjamin E. Diokno announced Wednesday. Diokno spoke about the…
Read more
Deutsche Bank’s economists have warned that the U.S. will suffer a major recession next year. However, several other major investment banks, including Goldman Sachs and JPMorgan, are less pessimistic about the future outlook for the U.S. economy. Major US Recession Incoming, According to Deutsche Bank’s Economists Deutsche Bank has predicted a deeper downturn than its…
Read more
Senator and outspoken crypto proponent Indira Kempis shared her excitement at the development on Twitter, stating that “for freedom, inclusion and financial education in Mexico.” Mexico’s Senate building now houses the country’s 14th Bitcoin (BTC) ATM, a sign of the country’s increasing interest in Bitcoin. The ATM was installed on Tuesday with the support of…
Read more
As the inaugural conference presented by FTX and SALT in underway in the Bahamas, Cointelegraph gathered some key insights. The crypto community headed to Nassau in the Bahamas this week for the inaugural Crypto Bahamas conference. Like most conferences, panels fill up the agenda and on Wednesday the topics at Crypto Bahamas ranged from NFTs…
Read more
A survey has found that Salvadorans are using the state-run Chivo bitcoin (BTC) app and wallet sparingly if at all, with most simply downloading it to receive a USD 30 worth of bitcoin as a golden hello before returning to using the dollar…. Read More: 2 in 10 People in El Salvador Still Using…
Read more
