Monthly Archives: November 2021

Jack Dorsey plans to step down as Twitter CEO: Report

It’s unclear if Dorsey plans to leave the social media company to focus on operations at Square and the platform’s initiative to develop a decentralized Bitcoin exchange. Twitter chief executive officer Jack Dorsey is reportedly planning to resign his position at the social media firm. According to a Monday CNBC report, Dorsey is expected to step down as the CEO of social media giant Twitter, which he helped co-found in 2006. It’s unclear if Dorsey plans to leave Twitter behind to focus on operations at Square and […]

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MELD’s $1B ISPO highlights emerging use cases for Cardano, crypto fundraising

Roughly 40,000 participants staked nearly 620 million ADA as part of MELD’s first-ever initial stake pool offering, which concluded on Oct. 27. DeFi banking protocol MELD recently made headlines for attracting more than $1 billion worth of staked Cardano (ADA) to its protocol through a novel funding mechanism called an initial stake pool offering, or ISPO, marking an important innovation in how early adopters support blockchain startups. Cointelegraph had the opportunity to connect with MELD CEO Ken Olling to discuss the significance of the ISPO as well […]

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Indian Government Answers Questions on Bitcoin Transactions, Karnataka Scam, Legality of Crypto Trading

The Indian government has answered three sets of questions in parliament regarding bitcoin transactions, the high-profile bitcoin scam in Karnataka, and the legality of cryptocurrency trading and crypto exchanges in India. Meanwhile, the winter session of parliament has begun and a crypto bill is expected to be taken up during this session. Indian Government Answers Questions About Bitcoin Transactions On Monday, the Indian Ministry of Finance answered three sets of questions on bitcoin and cryptocurrency trading in Lok Sabha, the lower house of India’s parliament. The first […]

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Yes, Bitcoin Is A Smart Contract Platform

Many think that smart contracts are only executable on overly-complex blockchains, but Bitcoin is a smart contract platform by definition. What is a smart contract? This is a question that, these days, has become impossible to answer without starting the digital equivalent of a bar fight. The minute that term is thrown out in a conversation, most people immediately think “Ethereum,” or “Solana,” or “TRON” or any of these decentralized in name only (DINO) projects that have popped up over the years since the inception of Bitcoin. […]

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Bitcoin holds $57K amid warning weak hands could fuel a fresh BTC price dip

Markets rebound but Bitcoin is still not out of the woods when it comes to sell-offs, analysis warns. Bitcoin (BTC) showed signs of strength into the Wall Street open on Nov. 29 as macro markets shed some of last week’s fear. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Crypto edges out of “extreme fear” Data from Cointelegraph Markets Pro and TradingView confirmed BTC/USD holding $57,000 as trading began Monday. Despite a weak start in Asia, U.S. markets were in the mood for making amends after Friday’s rout, […]

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Invesco launches spot Bitcoin ETP on Deutsche Borse

Invesco’s spot Bitcoin ETN joins 25 other similar products on Deutsche Boerse’s digital exchange, Xetra. Soon after dropping a filing for a Bitcoin (BTC) futures exchange-traded fund (ETF) in the United States, asset manager Invesco is launching a spot BTC exchange-traded note (ETN) in Europe. On Nov. 29, German stock market operator Deutsche Boerse officially announced the listing of the Invesco Physical Bitcoin ETN on its digital stock exchange, Xetra. The new product will trade under the ticker symbol BTIC. Admitted to the regulated market of the Frankfurt […]

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Bitcoin transaction fees are down by over 50% this year

Transaction fees have dropped this year, after a spike earlier this summer. According to YCharts data, the average transaction fee of Bitcoin (BTC) has dropped from $4.40 to $1.80 this year, a decrease of 57.97%. This rise may be attributed to a variety of factors.  One explanation is that the fast expansion of the Bitcoin Lightning Network, in which transactions are off the blockchain, may have been a catalyst. For perspective, the Bitcoin network charges a fee for each transaction. This payment is then divided between miners. […]

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Moonlift Announces Rebranding Changes Name to Moonlift Capital

PRESS RELEASE. Blockchain protocol Moonlift has unveiled a new name and new product release as part of an extensive rebranding initiative. The blockchain project will be known as MoonLift Capital and launch a decentralized exchange that allows token swaps and liquidity mining features. MoonLift Capital: A cross-chain turnkey incubator and service provider MoonLift is a community-driven project that aims to provide users with passive income using blockchain technology. Its ecosystem includes a decentralized exchange, a staking pool, launchpad and NFT marketplace. The blockchain protocol also provides a […]

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India’s crypto unicorn CoinDCX has no immediate plans for IPO

CoinDCX reached a $1.1 billion valuation by raising $90 million in a Series C funding round in August. India’s largest cryptocurrency exchange, CoinDCX, has no immediate plans for a public listing as the regulatory environment in the country remains uncertain. CoinDCX has no definitive route or clause as to when to go ahead with a potential initial public offering (IPO), the firm told Cointelegraph in an official statement on Nov. 29. “Any growing company aspires to take an IPO route in due course. We at CoinDCX also […]

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Nigerian Central Bank Wants Financial Institutions to Develop Products Based on Its CBDC

The Central Bank of Nigeria has said it wants players in the country’s payment industry to develop and help introduce products based on its central bank digital currency, the e-naira. Central Bank Open to Suggestions In its bid to deepen the adoption of the e-naira, the Central Bank of Nigeria (CBN) has asked payment service providers, financial institutions, and fintech firms to develop and introduce products that are based on its digital currency. According to a report by the Vanguard, this plea was made by Rakiya Mohammed […]

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