Blockchain

Proof-of-stake-based blockchain Celo has been suffering from an on-and-off network outage lasting 24 hours, though the blockchain appears to be up and running again now.  Celo is an open-source blockchain that enables users with phone numbers to make payments with crypto by using their phone numbers as a proxy for public keys. Celo updated its

Crypto lending platform Celsius has reportedly filed for Chapter 11 bankruptcy, having notified individual U.S. state regulators on Wednesday, July 13. The news was reported by CNBC and referred to an unnamed source, who asked not to be named as the proceedings were private. The source noted that Celsius plans to file the paperwork “imminently.”

Image: https://unsplash.com/photos/bA5ZJ9JVrb8 Blockchain-based games using nonfungible tokens (NFT) and metaverse platforms have remained immensely popular throughout 2022. Although the crypto market has been bearish, users across those games have remained consistent with at least 1 million users per day, according to tracker DappRadar. A new report from Kraken Intelligence and CoinGecko’s May 2022 market report

The introduction of a central bank digital currency (CBDC) may increase the stability of a banking system, according to a paper released Tuesday by the United States Treasury Office of Financial Research.  This finding counters concerns that a CBDC may encourage runs on weaker banks. According to the July 12 paper, researchers often claim that

Image: https://unsplash.com/photos/DurC25GdOvk Bitcoin and other cryptocurrencies are usually defined as digital currencies, assets, and platforms for smart contracts. However, legally defining them becomes a bigger dilemma than expected, making regulation challenging. Cryptocurrencies were developed with the primary intent of being decentralized and distributed – two unique qualities that make it difficult, or even impossible, to

Gaming giant GameStop (GME) launched its own non-fungible token (NFT) marketplace on July 11. The new NFT marketplace intends to deliver low fees and high speeds.  Users of the marketplace can buy, sell, trade, and create NFTs. The marketplace features functionality to enable users to view statistics for NFTs, and educational material is also provided.

The Ethereum (ETH) network moved one step closer to completing its transition to proof-of-stake (PoS) this week after the successful completion of its second-to-last major Merge trial on the Sepolia public test network. Data from Cointelegraph Markets Pro and TradingView shows that following the Sepolia Merge on July 6, the price of Ether rallied to a

Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Peter Schiff’s bank closure strengthens Bitcoin case for financial freedom

In an unexpected turn of events, Tesla CEO Elon Musk announced his intention to end the $44 billion Twitter deal via a letter sent to the board of the social media giant. In short, the world’s richest man is not happy with the lack of information Twitter provided about spam and fake accounts. According to

Some Voyager Digital account holders were surprised when they discovered that their deposits did not have the protection they thought they did after the crypto brokerage and lender filed for bankruptcy Tuesday. This could mean additional consequences for Voyager Digital.  Voyager Digital filed for bankruptcy under Chapter 11, citing debts of up to $10 billion

The Ministry of Economic Development of Italy has announced that certain blockchain projects will qualify to apply for up to $46 million in government subsidies starting from September. In a Tuesday announcement, the Ministry said companies and public or private research firms will be able to apply for funding from the government for the development

Bitcoin (BTC) starts a new week still in holiday mode with United States financial markets off for Independence Day. The largest cryptocurrency, stuck below the increasingly daunting $20,000 mark, continues to feel the pressure from the macro environment as talk of lower levels remains omnipresent. After a quiet weekend, hodlers find themselves stuck in a

In his monthly crypto tech column, Israeli serial entrepreneur Ariel Shapira covers emerging technologies within the crypto, decentralized finance (DeFi) and blockchain space, as well as their roles in shaping the economy of the 21st century. While regulation is always a hot topic for the crypto scene, it is always interesting to take a sneak

African degens are on a journey to the moon. With crypto, African people’s savings are hedged against insane inflation levels, they can find employment in Web3, and there is always the potential to make life-changing money that will transform the trajectory of their lives forever. People from various backgrounds are embarking on this journey to

Crypto exchange platform Coinbase denied reports alleging that the company is selling its customer information to the United States Immigration and Customs Enforcement (ICE), an agency that works under the country’s Department of Homeland Security.  On Thursday, news that Coinbase has been providing geolocation data to the ICE has circulated online. Because of this, Twitter

It’s been another day of watching the ripples of contagion spread through the crypto market. With Three Arrows Capital being ordered into liquidation by a British court, details have also emerged today of BlockFi liquidating a $1B loan to 3AC, and the fallout from the insolvency was partly to blame for lending firm and market

Mark Cuban, the billionaire entrepreneur known for his role as one of the main investors on the reality television show Shark Tank, said the crypto bear market won’t be over until there’s a better focus on applications with utility. He also doesn’t think the market has hit “cheap” prices yet. Cuban has stated in the

Bitcoin (BTC) mining hardware and hosting company Compass Mining has lost one of its Maine-based hosting facilities after the owner, Dynamics Mining, terminated the hosting agreement between the two, claiming Compass failed to pay the required bills. Dynamics posted on Twitter late on June 26 a letter it sent to Compass Mining which stated as