Monthly Archives: May 2022

What is total value locked (TVL) in crypto and why does it matter?

DeFi participants must be aware of the total value locked (TVL) indicator.Find out here what it is, how it is calculated and why it matters in DeFi. Largest network by DeFi TVL In 2022, Ethereum appeared as the largest network by DeFi TVL, accounting for over half of the total DeFi volume worldwide. To give some perspective, the Ethereum DeFi network includes just under 500 protocols. It has a TVL of approximately $73 billion, with 64% of the market share, compared with BNB Smart Chain, which is […]

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Crypto Mining Farm Uncovered in Russia’s Oldest Prison

Russian law enforcement officials are investigating a crypto mining operation at Butyrka, Russia’s oldest prison. A deputy warden has been accused of stealing electricity to mint digital coins with the help of unidentified accomplices. Deputy Warden Suspected of Mining Cryptocurrency in Moscow Prison A high-ranking representative of the management of Butyrskaya prison, in the Tverskoy District of central Moscow, is under investigation for setting up a crypto mining farm. Also known as Butyrka, this is the oldest prison in Russia, built in the distant 1771. The coin […]

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Bitcoin Held on Trading Platforms Continues to Drop Lower, Over 68% of the Total Held by 5 Exchanges

Amid the market carnage tied to Terra’s recent fallout, bitcoin sent to exchanges saw a brief spike on May 7, jumping more than 2% higher from 2.481 million to 2.532 million bitcoin. Despite the recent increase of bitcoin sent to trading platforms, the number of bitcoins on exchanges today remains lower than ever before. Bitcoin Continues to be Taken Off Exchanges Bitcoin (BTC) continues to be removed from centralized cryptocurrency exchanges as the number is much lower than the lows that were recorded on November 15, 2020. […]

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How Bitcoin Pizza Day Resembles Festivus

Why do we celebrate this joyous holiday, and how does it resemble the quirky holiday of Festivus? Bitcoin Pizza Day. The fabulous event that takes place once each year on May 22. I won’t bore you with all the details. Laszlo Hanyecz paid 10,000 BTC for two Papa John’s pizzas in what’s widely believed to be the first transaction of bitcoin for a physical good. Let’s put some dollar value on this transaction. The two pizzas together were roughly valued at $41 at the time based on […]

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Dollar Cost Averaging or Lump-sum: Which Bitcoin strategy works best regardless of price?

A dollar invested into Bitcoin every month since December 2017 has provided investors a cumulative return of $160. Bitcoin (BTC) has declined by more than 55% six months after it reached its record high of $69,000 in November 2021. The massive drop has left investors in a predicament about whether they should buy BTC when it is cheaper, around $30,000, or wait for another market selloff. The more you look at prior $BTC price history the more one can think it’s not the bottom After 190 days […]

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Circle to Issue Weekly USDC Reserve Reports — Tether Publishes May 2022 Assurance Report

The co-founder and CEO of Circle, Jeremy Allaire, has announced the cryptocurrency firm that issues the stablecoin usd coin plans to provide the public with weekly stablecoin reserve reports. Additionally, the company Tether has also released an assurance report on its stablecoin reserves via the Cayman Islands auditing company MHA Cayman. Circle CEO Says Firm’s Stablecoin Is a ‘Very Efficient Pipe Between Legacy Electronic Dollars and Digital Currency Dollars’ The two largest stablecoin providers, Tether and Circle, want the public to be assured that tether (USDT) and […]

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Cointelegraph Store: Introducing Bitcoin Pizza Day merch for crypto OGs

Celebrating the first real word Bitcoin transaction, Cointelegraph launched a brand new, limited-time “Bitcoin Pizza Collection.” Join in on the tradition and grab some of the coolest crypto merch. Free shipping worldwide on orders over $100. Twelve years ago today, on May 22, 2010, programmer and early Bitcoin (BTC) miner Laszlo Hanyecz made history when he traded 10,000 BTC for two large pizzas. It was the first real-world cryptocurrency transaction, and media attention from the act legitimized Bitcoin in a big way. Inspired by that delicious turning […]

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Terra’s meltdown highlights benefits of CEX risk-management systems

The Terra collapse demonstrates why crypto exchanges need advanced risk management systems — especially when providing access to DeFi protocols offering favorable yields. The collapse of Terra’s ecosystem — namely, native coin LUNA and algorithmic stablecoin TerraUSD (UST) — rocked the wider blockchain and cryptocurrency ecosystem. Not only did Terra-ecosystem tokens (such as Anchor’s ANC) collapse in value, but the widespread fear, uncertainty and doubt sent market-leading cryptocurrencies Bitcoin (BTC) and Ether (ETH) below $27,000 and $1,800, respectively, on some exchanges. As of the time that I’m […]

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6 Questions for Sonali Giovino of Defiyield

We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and throw in a few random zingers to keep them on their toes!   This week, our 6 Questions go to Sonali Giovino, head of communications at Defiyield, a cross-chain asset management protocol that empowers users to be a part of the DeFi ecosystem. Sonali Giovino has been working in the crypto space since 2017 when she began holding weekly educational workshops, which lead to public speaking events on cryptocurrency and […]

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Bitcoin Pizza Day: P2P Digital Cash Actualized 12 Years Ago

While many like to use Bitcoin Pizza Day as a meme, it actualized Satoshi Nakamoto’s goal with their invention: digital money without intermediaries. Bitcoin Pizza Day is likely the famous remembrance day of Bitcoin’s history. It alludes to the day when BTC was first used to purchase a real-world product, on May 22, 2010. The transaction took place after Laszlo Hanyecz posted to the most active medium of communication about Bitcoin at the time – the Bitcoin Talk forum: “I’ll pay 10,000 bitcoins for a couple of […]

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