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Crypto market sinks by $300B while Bitcoin transactions near 3-year low
Bitcoin transactions are in rapid decline as the cryptocurrency market continues to shed value since its recent peak. 6129 Total views 5 Total shares The global crypto market lost $200 billion overnight leading into Tuesday morning, adding to $300 billion losses for the week. Momentum pushed the global market cap down since Bitcoin (BTC) hit…

Bloomberg Editor: BTC ‘Is for Making Transactions The Man is Against’
Joe Weisenthal, the executive editor of news for Bloomberg Digital, said that blockchains are essentially inefficient and that “Bitcoin is for making transactions The Man is against.”The ManThe comments come from Bloomberg’s Markets newsletter, which Weisenthal reproduced in a tweet on Oct. 17. He elaborated that transactions would not be possible without individuals willing to…

$1B science fund seeks blockchain projects to expand human lifespan
Longevity Science Foundation accepts crypto donations and aims to use technology to advance healthy human longevity. 372 Total views 35 Total shares Scientists are continuously pursuing ways to lengthen the human lifespan, and blockchain might have been a missing part of the puzzle. The Longevity Science Foundation, a Swiss entity launched by a consortium of…

Switzerland’s Crypto Valley Association Head Says CBDC Is a Good Idea
In an exclusive interview with Cointelegraph, Crypto Valley Association President Daniel Haudenschild said that central bank digital currencies are “the next logical stage.”Haudenschild explained to Cointelegraph that he believes CBDCs are the next stage “in evolution for decentralized finance.” He also claimed that there are currently 34 CBDC projects. According to him, such digital currencies…

As Ether Price Drop Pressures DeFi, Developers Remain Confident in its Success
Thursday’s market meltdown left MakerDAO (MKR) with a $5 million hole that the project is now scrambling to fill. As this is just the latest in a series of hard blows to decentralized finance (DeFi) projects, some are wondering if the ecosystem can defend itself from collapse.Cointelegraph contacted a variety of industry experts and DeFi…

President Biden proposes ban on congressional stock trading: Report
The President, with only a month left in office, reportedly said “nobody in the Congress should be able to make money in the stock market” while serving the United States.

Researchers develop crypto literacy scale to measure consumer financial awareness
This could help raise cryptocurrency education, insulate consumers against scams and increase the potential for wealth generation in crypto. 195 Total views 1 Total shares A trio of researchers from the University of Cincinnati recently developed a crypto literacy scale (CLS) to help standardize and measure economic and financial knowledge as it relates to consumer…

Grayscale: BTC Holdings Make Up $1.97B of $2.1B Assets Under Management
American digital asset manager Grayscale announced that out of the firm’s $2.1 billion of assets under management, $1.97 billion resides in its bitcoin investment trust. The firm tweeted the figures on May 28.According to the published data, the bitcoin (BTC) trust is responsible for nearly 94% of the firm’s total assets under management. Meanwhile, the…