It’s been a whipsaw 2023 for investor sentiment, and even though equities markets have defied expectations, a recent report from ARK Invest highlights reasons why the remainder of 2023 could present several economic challenges.  ARK manages $13.9 billion in assets, and its CEO, Cathie Wood, is a strong advocate for cryptocurrencies. In partnership with the
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Coinbase has flagged several countries outside the United States where it intends to focus its operations in the near term, citing their comparatively clearer crypto laws. In a Sep. 6 blog post, Coinbase’s international business VP, Nana Murugesan and international policy VP, Tom Duff Gordon, marked the European Union, United Kingdom, Canada, Brazil, Singapore and
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A court ruling that cleared Ripple’s XRP token of being considered a security offering might signal a turn in the tide against regulatory scrutiny of the cryptocurrency ecosystem in the United States and current lawsuits involving the likes of Coinbase and Binance.US and pending ETF applications. Speaking exclusively to Cointelegraph during the company’s annual Apex developer
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Bitcoin (BTC) hugged a key long-term trendline on Sep. 7 as U.S. dollar strength hit its highest in six months. BTC/USD 1-hour chart. Source: TradingView Bitcoin vs. 200-week moving average forms “million dollar question” Data from Cointelegraph Markets Pro and TradingView showed BTC price moves focusing on the area around $25,700. Conditions were less volatile
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The Polkadot network comprises three fundamental components that collectively form its intricate structure, including the Relay Chain, parachains and bridges. The Relay Chain lies at the core of the Polkadot ecosystem, functioning as the primary blockchain of the network. It helps to safeguard overall network integrity and facilitate communication among parachains. Parachains stand as parallel
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The team behind nonfungible token collection OnChainMonkey is shifting its entire collection of 10,000 NFTs from Ethereum to Bitcoin, in a massive undertaking expected to take several months. “A historical transition is on the horizon as we prepare to migrate our flagship collection, OCM Genesis, from Ethereum to Bitcoin,” Metagood co-founder and CEO Danny Yang
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The United States Financial Accounting Standards Board’s new rules for crypto accounting will eliminate the “poor optics” that plagued companies holding digital assets, according to analysts from Berenberg Capital. On Sept. 6, the U.S. Financial Accounting Standards Board (FASB) approved new rules for cryptocurrencies with regard to how companies report the fair value of their
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The European Commissioner for Financial Stability, Financial Services and the Capital Markets Union, Mairead McGuinness, believes there’s no reason to rush the digital euro until after the next European Parliament elections in June 2024. In her opinion, the European Union’s central bank digital currency (CBDC) project should be approached “quietly and slowly” by the next
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Cryptocurrency self-custody platform Casa has rolled out new functionality for its recently launched Ethereum (ETH) vaults that will allow users to transact via a relay for added privacy. Casa added a multisignature Ethereum self-custody vault to its initial Bitcoin (BTC) custody offering in June 2023, allowing users to manage the self-custody of their ETH holdings with
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The sharp increase in global interest rates may have limited investors’ appetite for crypto ventures, but new projects are still flourishing and attracting capital to speed up growth. Data from the Cointelegraph Research Venture Capital Database shows June closed out with a 29.73% decrease in venture capital investments, with just $779.32 million secured in 62
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