The cost of using the Bitcoin and Ethereum blockchains is on the rapid decline, as evidenced by a 93–95% reduction in average transaction fees over the past couple of months. Fees are paid to the miners who process transactions on a typical proof-of-work blockchain. The size of the fee depends on the size of the transaction
Hester Peirce of the United States Securities and Exchange Commission has once again urged regulators to take a step back from attempting to overregulate the crypto space. Speaking to Financial Times, Peirce, affectionately dubbed “Crypto Mom” due to her positive stance on cryptocurrencies, argued against the need for strict regulatory policies. According to Peirce, regulators by
U.K.-based crypto payments provider Bottlepay has started offering services in other European countries. Users on the Old Continent will be able to send and receive even small amounts of euro and also buy, store and spend bitcoin with merchants accepting cryptocurrency. Bottlepay Promises Low-Cost Transactions in Euro and Bitcoin The Bottlepay app will allow Europeans
Bitcoin (BTC) traded worryingly near $30,000 support on June 8 amid fresh predictions of incoming lows. BTC price hints at “sub $30,000” move Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as the pair lost 9% overnight on Monday. No amount of good news was able to help bulls, with potential adoption breakthroughs in
Dominic Williams, the founder of Dfinity and its Internet Computer, has slammed the scaling solutions put forward by Polkadot and Ethereum for offering a disjointed user experience. The self-described “blockchain maximalist” criticized Ethereum’s burgeoning ecosystem of second-layer scaling solutions, describing Ethereum as starting to resembling a ridiculously elaborate “Rube Goldberg machine” of “layer-two cloud applications.”
Earlier this week, a Bank of America survey found that American hedge fund managers favor Bitcoin (BTC) over tech, but Goldman Sachs’ poll with the Asian chief investment officers tells a different story. Goldman Sach Global Investment Research published a new survey polling 25 chief investment officers from different hedge funds. The results show that
Nayib Bukele, the president of El Salvador says there’s almost “a 100% chance” his bill to make Bitcoin legal tender will pass tonight. In a Twitter Spaces conversation happening now (5.20AM UTC) he said the bill was currently in debate and as his party has 64 out of 84 seats he expects he’ll be signing
In his recent appearance on the Lex Fridman podcast, Ethereum co-creator, Vitalik Buterin, revealed he profited more than $4 million from a $25,000 investment that he made into Dogecoin during 2016. But true to form, he gave it all away to charity. Dogecoin was created in December 2013 and sought to capitalize on the popularity
Six East African states are reportedly set to explore the possibility of using central bank digital currencies (CBDC) as an alternative to their shared payment system. The six countries, which are all members of the East Africa Community (EAC) trading bloc, are hoping this alternative will create a pathway that leads to the attainment of
Bitcoin (BTC) edged closer to significant $30,000 support later on June 8 amid predictions that a major crypto correction was imminent. Bulls get in line to protect $30,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD making repeated lower lows on short timeframes during Tuesday. A previous dip had taken the pair to $32,000 before
The global crypto market lost $200 billion overnight leading into Tuesday morning, adding to $300 billion losses for the week. Momentum pushed the global market cap down since Bitcoin (BTC) hit a recent peak in April, followed by an altcoin peak in early May. Following $1.1 trillion losses since then, the previous quarter’s growth has
Eduardo Murat Hinojosa, a senator of the federal government of Mexico, has said he will be submitting a proposal to lawmakers seemingly aimed at crypto adoption in the country. In a tweet today, Hinojosa changed his profile picture to feature the senator speaking into a microphone with the iconic “laser eyes,” indicating support for crypto.
The chief investment officer of global investment firm Skybridge Capital says bitcoin still has more upside than gold. While expecting both gold and bitcoin to rally, he said his hedge fund is sticking to bitcoin. Asset Manager Skybridge Prefers Bitcoin to Gold Troy Gayeski, co-chief investment officer (CIO) and senior portfolio manager at Skybridge Capital,
Polkadot (DOT) and Kusama (KSM) creator Gavin Wood has published a tentative schedule for the much anticipated Kusama parachain slot auctions. According to a blog post posted on Tuesday, the first parachain auction slot will open on June 15 at noon Central European Summer Time. The tentative schedule, subject to the approval of the Kusama
May was a testing time for cryptocurrencies like Bitcoin (BTC). The flagship digital asset was already wobbling after rallying to nearly $65,000 in mid April, owing to profit-taking sentiment among traders. Elon Musk accelerated the sell-off by reversing his company’s plans to accept Bitcoin as payment for Tesla’s electric cars. Later in the month, the
Cryptocurrencies might be anathema for certain members of United States President Joseph Biden’s administration, but that has not stopped one staffer from owning a small fortune in Bitcoin (BTC). According to a report by Politico on Monday, Tim Wu, special assistant for technology and competition policy to the president at the National Economic Council, owns