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Article by Cole Petersen with contributions from Joseph Young The Bitcoin (BTC) price plunged by 19 percent from $10,000 to $8,100 across major exchanges. The sell-off was so intense that Coinbase went down temporarily amid the drop. But, key data shows institutional investors are patiently investing in the cryptocurrency market. Grayscale, which operates the Grayscale […]

To most traditional economists, money is a combination of three core characteristics: a medium of exchange, a store of wealth, and a unit of account. Proponents of Bitcoin have argued for a long time that their favorite orange coin fits this bill. The cryptocurrency can be easily transferred digitally at relatively low cost, BTC has […]

China’s digital currency, the DCEP, is currently in the advanced testing phase, with leaked images showing that the China Construction Bank already runs the alpha version of its DCEP app. It is still unclear when the app will be officially launched. Alpha version of the first DCEP app in the works The crypto industry got […]

The Bitcoin (BTC) price reached as high as $10,060 on Coinbase, rising by more than 160 percent in 56 days. After such an extended rally, BTC is typically at risk of a severe correction. This time, it is showing signs of actual accumulation and strong buyer demand, which reduces the probability of a large pullback. […]

Ethereum co-founder Vitalik Buterin believes the protocol might play an important role in the future of state-backed digital currencies. Presumably, his comments come after rising fears of global inflation and the Federal Reserve’s incessant money printing. Political instability and Ethereum’s role On May 7, Buterin spoke to Defiant founder Camila Russo in a podcast as […]

Charles Hoskinson, the founder of Cardano (ADA) and the CEO of IOHK, is in the process of acquiring the 1992 RPG game Legends of Valour, which he intends to rewrite and remaster in the following years. While he said it was his own passion project, and not affiliated with IOHK, Hoskinson will be looking into […]

Ethereum will soon see a major network upgrade to ETH 2.0, possibly by July 2020. With two months left, the decentralized finance (DeFi) market saw a strong recovery following bitcoin’s crash to $3,600 on March 12. When the cryptocurrency market saw its sharpest pullback in its history less than 60 days ago, the price of […]

Multibillion-dollar fund manager Paul Tudor Jones II revealed this week his firm is holding Bitcoin to protect against inflation in the future. He noted central banks around the world have endlessly printed money, and the accelerated need for digitized currencies creates a unique case for Bitcoin. Bitcoin is a hedge like gold Jones believes the […]

The excitement for the Marshall Islands’ SOV has been somewhat eclipsed by the international race for Central Bank Digital Currencies (CBDCs) with China seemingly leading the way. Yet, for Barak Ben-Ezer, founder of SFB Technologies, the company behind the SOV, that’s like comparing apples and oranges. The SOV isn’t just a digital form of money. […]

In a move helping to prove the intrinsic value of Bitcoin and other crypto assets, Iran’s government is finally marking an end to the national currency, the rial, after years upon years of hyperinflation in response to poor economic conditions. Iran is dropping the rial for the toman According to the New York Times, the […]