Crypto products hit with $305M outflow amid strong US economic data

UN Women — a United Nations entity for gender equality and empowering women — will use blockchain technology for cash transfers in Jordanian refugee camps, according to a UN press release September 18.Per the announcement, UN Women in partnership with the World Food Programme (WFP) will use blockchain technology for money transactions at Za’atari and…

Like most new-age networks, Solana was developed to resolve major issues confronting the blockchain industry. While the network has addressed some of these issues by its very nature, it has also encountered a few unique problems.From resource exhaustion to a halt in block confirmation, the Solana network has suffered a number of setbacks that resulted…

Financial regulators in the US approved shares of Grayscale Investments’ Bitcoin Cash and Litecoin trusts for trading on OTC Markets. Crypto fund manager Grayscale Investments will make Bitcoin Cash and Litecoin available for public trading through shares of the firm’s cryptocurrency trusts.In the July 20 announcement, Grayscale said the Financial Industry Regulatory Authority (FINRA) in…

Riot Blockchain netted $19.3 million in income for Q2 following its acquisition of Texas mining facility, Whinstone. 535 Total views 6 Total shares Major publicly-listed Bitcoin mining firm, Riot Blockchain, has reported record revenues for Q2 2021.In its Aug. 23 quarterly financial report, the U.S.-based firm reported $31.5 million in mining-related revenues for the three-month…

NFTs and soulbound tokens define Web3 filmmaking, says directorWith Web3 making its way to various industries like filmmaking, one movie director believes that tools like NFTs and soulbound tokens — digital identity tokens representing a person or entity — can serve cinema in various ways. In an interview with Cointelegraph, Stephen Fung, director of the…

Bitcoin continues to print lower highs on the daily chart since the BTC price all-time highs in March.

The purported investment fund is exhibiting some shady behavior. 2389 Total views 16 Total shares Last week Cointelegraph published a story about investors having difficulty getting their money back from a crypto fund called AMFEIX, which promised high-yield profits for investors who sent them Bitcoin (BTC). Our story described more than 500 pending withdrawals from…

2022 saw the continued advancement of green crypto projects as more industry companies focused on sustainability to reduce carbon emissions. A series of elemental forces drove the paradigm shift, including user demands for faster and more energy-efficient blockchains, growing climate change awareness among investors, and rising government concerns about energy consumption in the crypto sector.Among the…

Blockchain education platform Longhash has analyzed data from crowd-sourced sites to assess why certain cryptocurrency projects have wound up in the industry’s graveyard.Examining 700 crowd-sourced entries spanning 8 years from the website Cointopsy, Longhash’s Oct. 12 article found that the most common cause of demise was “death by abandonment,” accounting for 63.1% of failed cryptocurrencies. Even…