The Coin Leaks

[ad_1] Bitcoin (BTC) wobbled in its narrow trading range at the Sep. 29 Wall Street open as official data put the United States economy in recession.  BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView U.S. meets technical definition of recession Data from Cointelegraph Markets Pro and TradingView showed BTC/USD still hovering just above $19,000 at the time …

Bitcoin price slips under $19K as official data confirms US recession Read More »

[ad_1] The paths of traditional finance and the cryptocurrency industry have intersected again, with a crypto startup coming to save the iconic Euro monument in Frankfurt. Frankfurt-based crypto startup Caiz Development will provide 1 million euros, or about $961,000, in funding over the next five years to rescue the famous Euro sculpture. Announcing the news …

Crypto startup to save iconic fiat money sculpture with 1M euros funding Read More »

[ad_1] The Caribbean region is in a tough situation for banking. The 35 nations comprising the region face challenges common to many tiny economies, such as dollarization and dependence on foreign trade and remittances. In addition, the increasingly common banking practice called de-risking is taking a heavy toll. So, it is probably no coincidence that …

The Caribbean is pioneering CBDCs with mixed results amid banking difficulties Read More »

[ad_1] Despite Russia pushing the idea of using cryptocurrencies for cross-border payments, it still remains unclear what digital asset exactly the government plans to adopt for such transactions. Russian authorities are quite unlikely to approve the use of cryptocurrencies like Bitcoin (BTC) for cross-border transactions, according to local lawyers and fintech executives. Bank of Russia …

Russia unlikely to choose Bitcoin for cross-border crypto payments: Analysis Read More »

[ad_1] As emerging markets take the lead in crypto adoption, Ghana, a country located in West Africa, may soon catch up to other African countries regarding cryptocurrency use.  In a report released by blockchain analytics platform Chainalysis, researchers found that Ghana has the potential to achieve crypto adoption levels similar to Kenya and Nigeria, countries …

Ghana set to catch up to Nigeria and Kenya in terms of crypto adoption: Chainalysis Read More »

[ad_1] Kazakhstan is ready to legalize a mechanism for converting cryptocurrencies to cash if there is demand, said President Kassym-Jomart Tokayev, per local news agency Informburo on Sept. 28. Speaking at the international forum Digital Bridge 2022, Tokayev emphasized that Kazakhstan aims to become an international leader in the field of digital technology, cryptocurrency ecosystem …

Kazakhstan ready to legalize crypto as Russians flock to the country Read More »

[ad_1] As the dust settled over the Ethereum network’s highly-anticipated transition to proof-of-stake (PoS), Eli Ben-Sasson, the co-founder of Starkware, gave his thoughts on its execution and potential for the future. Speaking to Cointelegraph’s Gareth Jenkinson at the Token2049 event, Ben-Sasson shared his thoughts on the current situation post-Merge and how it affects layer-2 projects …

Ethereum Merge was ‘executed flawlessly,’ says Starkware co-founder Read More »

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[ad_1] The United Arab Emirates (UAE) Ministry of Economy has announced a new headquarters located where anyone in the world can visit — the Metaverse.  According to Gulf News, the announcement was made on Sept. 28 by UAE Minister of Economy Abdulla bin Touq Al Marri during the Dubai Metaverse Assembly, with the minister stating “this …

UAE Ministry of Economy opens up new headquarters in the Metaverse Read More »

[ad_1] In a recent interview, BitMEX chief executive Alexander Höptner shared his thoughts about institutional investors who, in his view, still have an appetite for crypto and Ethereum. Speaking at the Token2049 conference in Singapore on Sept. 28, the crypto executive told Cointelegraph that there has not been a “single slowdown of institutional push into …

Institutional appetite continues to grow amid bear market — BitMEX CEO Read More »