cointelegraph.com
cointelegraph.com
Founded in 2013, Cointelegraph is the leading independent digital media resource covering a wide range of news on blockchain technology, crypto assets, and emerging fintech trends. Each day our team delivers the most accurate and up-to-date news from both the decentralized and centralized worlds.Source
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Cathie Wood’s Ark Invest dumps PayPal, favoring Bitcoin-friendly Cash App

Cathie Wood’s Ark Invest dumps PayPal, favoring Bitcoin-friendly Cash App

Wood believes that Venmo is merely a follower of Cash App, which has generated more than double Venmo’s revenue from almost half the number of users. Crypto investment company Ark Invest founder Cathie Wood has dumped all of the firm’s holdings of PayPal and showed greater confidence in the long-term growth of the Cash App payment system which uses the Bitcoin (BTC) Lightning Network. Wood explained her firm’s move at the Miami Bitcoin 2022 conference which wrapped up on Saturday. The Lightning Network (LN) is a layer-2 solution for Bitcoin meant to facilitate faster and cheaper...

Apr 11
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Lightning Networks Has Yet to Strike Adoption, but Don’t Count It Out

Lightning Networks Has Yet to Strike Adoption, but Don’t Count It Out

For a currency to be considered useful as money, it has to serve three fundamental purposes. It should function as a medium of exchange, as a store of value and as a unit of account. The fact that Bitcoin doesn’t fulfill all of these purposes to an adequate extent at least partially explains why it hasn’t gained the widespread adoption that many of its earlier supporters had hoped for. There are two main challenges. Firstly, Bitcoin is considered too slow to serve as a satisfactory medium of exchange, with transactions taking anywhere from several minutes to days to get confirmed....

March 9, 2020
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Most of Cash App’s $528M Revenue in Q1 Came From Bitcoin

Most of Cash App’s $528M Revenue in Q1 Came From Bitcoin

Square reports that Bitcoin composed the bulk of Cash App’s revenue in the first quarter, though it added much less to profit. On May 6, Square released its filings for the first quarter of 2020. The filings publicized revenue for Square’s Cash App, a majority of which came from Bitcoin. The numbers for Q1 and Bitcoin’s role $306 million of Cash App’s $528 million revenue for the first quarter of the year came from Bitcoin. Despite those numbers, Bitcoin composed a small fraction of Cash App’s profit, only $7 million of $183 million total profit. The company explained why it separated...

May 6, 2020
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Why I Am Cynically Bullish About the Bitcoin Halving

Why I Am Cynically Bullish About the Bitcoin Halving

The crypto community should depend less on Bitcoin in order to truly mature and become the financial industry of humanity’s future. For the past few months, the blockchain community has been abuzz about the Bitcoin (BTC) halving happening in May. With the backdrop of the ongoing coronavirus pandemic, Bitcoin has been performing extremely well, especially in comparison with commodities such as oil or gold that have traditionally been depended upon as a safe hedge against market volatility. Part of the conversation driving the price of Bitcoin upward is “the halving.” With two weeks left...

May 5, 2020
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YouTube Cancels Cointelegraph's BTC Halving Livestream for Being 'Harmful Content'

YouTube Cancels Cointelegraph's BTC Halving Livestream for Being 'Harmful Content'

What a twist! YouTube pulled the plug on our seven-hour livestream. YouTube’s censorship rabbit hole is deep, especially when it comes to cryptocurrency topics. Cointelegraph had a full day of programming lined up for a livestream that covered Bitcoin’s third block halving on May 11. The agenda mostly went off without a hitch — fintech luminaries like Tim Draper, Roger Ver, Meltem Demirors and many more shared their time and opinions with Cointelegraph editorial staff over the course of a livestream that lasted just under seven hours. But the stream was blocked and deleted six hours and...

May 11, 2020
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11 Years Ago Today Satoshi Nakamoto Published the Bitcoin White Paper

11 Years Ago Today Satoshi Nakamoto Published the Bitcoin White Paper

Today, Oct. 31, marks eleven years since the publication of the Bitcoin white paper by the still-mysterious person or group pseudonymously identified as Satoshi Nakamoto. Bitcoin: A Peer-to-Peer Electronic Cash System — published on Oct. 31, 2008 — outlined a tamper-proof, decentralized peer-to-peer protocol that could track and verify digital transactions, prevent double-spending and generate a transparent record for anyone to inspect in nearly real-time. The protocol represented a cryptographically-secured system — based on a Proof-of-Work algorithm — in which Bitcoins (BTC) are...

October 31, 2019
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Survey: 40% of Millennials Look to Crypto in the Event of Recession

Survey: 40% of Millennials Look to Crypto in the Event of Recession

40% of millennials would prefer to invest in crypto assets in the event of a recession New data shows that 40% of millennials would invest in crypto if a recession hits New data suggests 40% of millennials would prefer to invest in crypto assets in the event of a recession.In a news release shared with Cointelegraph on Sept. 10, multi-asset investment platform and social network eToro cited a survey on generational investment conducted from July 18 to July 31 among 1,000 online investors in the . Respondents aged between 20 and 65 years represented Generation Z, millennials, and Generation...

September 10, 2019
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Craig Wright Accused of Plagiarizing Law Degree Dissertation

Craig Wright Accused of Plagiarizing Law Degree Dissertation

The man who claims to have written the Bitcoin (BTC) whitepaper may not have written his own law degree dissertation. That’s the picture painted by “PaintedFrog,” the pseudonymous writer of a Medium post on April 9. This post demonstrates large-scale similarities between Wright’s dissertation and several other publicly available sources. Wright’s dissertation for his LLM in International Commercial Law for Northumbria University was written in 2008, titled The Impact of Internet Intermediary Liability. Yet the following screenshot suggests much of Wright’s paper was lifted wholesale...

April 10, 2020
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Price analysis 10/20: BTC, ETH, BNB, ADA, XRP, SOL, DOT, DOGE, LUNA, UNI

Price analysis 10/20: BTC, ETH, BNB, ADA, XRP, SOL, DOT, DOGE, LUNA, UNI

Bitcoin’s breakout to $67,000 also sent the total crypto market capitalization to a new all-time high and is a signal that altcoins could soon embark on a new uptrend. 0:00 Bitcoin () on Oct. 20, hitting close to $67,000. Ether () also and has started its march toward the all-time high. This pushed the to a new all-time high above $2.64 trillion.The successful debut of the ProShares’ Bitcoin Strategy exchange-traded fund (BITO) acted as the trigger to boost sentiment in the crypto space. The ProShares’ ETF trading volume on the , making it the second-most successful ETF debut based on the...

Oct 20
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How cross-chain games are giving users the first look at a metaverse

How cross-chain games are giving users the first look at a metaverse

Blockchain interoperability might just be becoming a reality, with cross-chain NFT games taking the lead. 0:00 Society is headed towards a new form of digital ownership with an economy and greater metaverse based on the blockchain. The concept of "the metaverse" is typically depicted as actual and augmented reality-based in a virtual world. Most recognize this concept since it is present in several fictional movies of dystopian futures like , and . However, the concept has since quickly gained attraction from the technology industry, making it more viable than ever before.The metaverse is...

Oct 21
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