Bitcoin shorters ‘are getting rekt’ after new $75K high

The National Unity Government is considering using the country’s frozen reserves as a backing for the digital currency. 550 Total views 29 Total shares Half a year after the military junta in Myanmar revealed its plans to launch a digital currency, the country’s government, ousted in a coup in 2021, voiced its own intention to…

Brian Armstrong, the CEO of major cryptocurrency exchange Coinbase, explained what developments he believes will drive the growth of cryptocurrency’s’ user base.In a series of tweets on March 4, Armstrong illustrated how the developments that resulted in the mass adoption of the internet are similar to the work that is currently being done on cryptocurrencies.…

Friday, March 15 — most of the top 20 cryptocurrencies are reporting slight to noteworthy gains on the day by press time. Bitcoin (BTC) is approaching $4,000, according to CoinMarketCap data.Market visualization from Coin360At press time, Bitcoin is up just under one percent on the day, trading at around $3,961, according to CoinMarketCap. Looking at its…

The firm reported that although the market downturn had caused the value of NFTs to “slump,” scammers stole an estimated 4,647 of the tokens in July 2022. 187 Total views 6 Total shares Cryptocurrency risk management firm Elliptic has released a report suggesting that scammers stole more than $100 million worth of nonfungible tokens, or…

LayerZero CEO Bryan Pellegrino is optimistic about the future of the blockchain industry and the “really important plumbing” LayerZero provides for it. The outlook for the crypto industry is bright. As a matter of fact, the present isn’t even all that grim, Bryan Pellegrino, CEO of cross-chain interoperability protocol LayerZero, told Cointelegraph at the Collision…

The HKMA said that funds placed on unlicensed “crypto banks” are not protected by the region’s deposit protection scheme. 1227 Total views 7 Total shares The Hong Kong Monetary Authority (HKMA) has issued a warning to users that crypto businesses presenting themselves as banks and using banking terminology could be violating the region’s banking laws. In

Farcaster, blockchain’s answer to traditional social media, raised $150 million in a Series A funding round led by Paradigm, sending a community token soaring.

This short explainer gives viewers an overview of how blockchain technology powers the Metaverse and its economic potential. 1006 Total views 5 Total shares Cointelegraph's Jackson DuMont, the director of the video, tackles the topic of the "next big thing:" the Metaverse. He explains the who, what and why behind the Metaverse and deep dives…

Argentina’s central bank banned payment providers from offering crypto transactions, adding that it intends to reduce the country’s payment-system exposure to digital assets. 124 Total views 30 Total shares Last week brought several significant international developments in regulation. Argentina’s central bank banned payment providers from offering crypto transactions, adding that it intends to reduce the…