IOTA completes EU blockchain pre-commercial phase
IOTA completes the final phase of the European Blockchain PCP, setting the stage for scalable, sustainable and secure blockchain infrastructure across the European Union.
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Social media discussions play a crucial role in influencing crypto returns: Study
The researchers also determined that “news sentiment” is a much less effective predictor of cryptocurrency returns. Researchers at Pennsylvania State University recently analyzed whether attitudes and emotionality surrounding cryptocurrency could help predict returns. What they found may stand in stark contrast to related financial markets.According to the team’s research paper, social media plays an outsized role…
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Covalent CEO: There’s an ‘unresolved backlog’ of unfilled Web3 data roles
Ganesh Swami, CEO of blockchain data aggregator Covalent says there continues to be an “intense demand” for on-chain data analysts, that is yet to be satisfied. Speaking to Cointelegraph, Swami said that analysts are in “intense demand” as there’s a “real need” for data experts to “make sense” of on-chain data, explaining: “There is an unresolved…
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US Secretary of State Wants to Regulate BTC Like Other E-Transactions
United States Secretary of State Mike Pompeo believes that Bitcoin (BTC) should be regulated the same way as other electronic financial transactions.Security risks of reduced governmental monitoringIn an interview on Squawk Box on Aug. 20, Pompeo pointed out the risk of anonymous transactions associated with crypto, saying:“The risk with anonymous transactions is one that we…
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Chainlink (LINK), Tezos (XTZ) — Key Levels to Watch as BTC Consolidates
When Bitcoin (BTC) goes down, Chainlink (LINK) and Tezos (XTZ) go down. But when Bitcoin starts to move upwards, a much bigger move can usually be expected from these two coins as well.As Bitcoin hit a temporary bottom yesterday at $8,450, so did Chainlink and Tezos, which are ranked 12th and 10th by market capitalization,…
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Wells Fargo report labels Bitcoin as speculative investment
“Cryptocurrency investing today is a bit like living in the early days of the 1850’s gold rush, which involved more speculating than investing.” San Francisco-based bank Wells Fargo has released a report identifying Bitcoin as the best performing asset of 2020, while also highlighting the coin’s volatility for investors.In an investment strategy report released yesterday,…
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Blockchain Browsers — How DLT Could Affect Web Surfing
The appearance of blockchain technology can be compared with the emergence of internet at the initial stage of its development: Users were cautious about a decentralized system and failed to understand many of its subtleties. But just as firms opened up to the internet, almost all corporations are now working on integrating blockchain into their…
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NYC Mayor Eric Adams speaks out against PoW mining ban legislation
The Mayor has been a proponent of the crypto industry and has now pledged support for sustainable Bitcoin miners by asking Governor Hochul to veto a two-year moratorium on mining. 320 Total views 34 Total shares New York City’s Mayor Eric Adams spoke out on Monday, June 13, against a bill just one step away…
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Nigeria’s blockchain future depends on local talent, experts say
Local experts note that if Nigeria adopts a foreign blockchain it would be difficult for the country to stamp its influence on key blockchain decisions.