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Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Do you recall the state of crypto exchanges back in 2017? I entered the crypto space at that time, and crypto exchanges were entirely different from what they are today. They offered a bad user experience, had poor website engines, lacked mobile applications, and had almost no investment products or trusted methods to buy crypto.  Blockchain market in 2017 | Source: CB Insights Looking at it from today’s perspective, the experience with cryptocurrency exchanges in those years was extremely clunky. And, let’s not even start talking about the capabilities of the first generation of decentralized exchanges (DEXs). You might also like: Decentralized finance is changing our everyday lives | Opinion Two bull run cycles have passed, and now we see a completely different picture. As Bob Dylan aptly put it, “Th...

Over the course of 2023, several Satoshi-era Bitcoin wallets have risen from dormancy to transfer their BTC to a new address. Three Satoshi Era Bitcoin (BTC) whale addresses that have been dormant since November 2017 transfer red 6,500 BTC, estimated to be worth $230 million, on Nov. 2. Satoshi Era BTC refers to the very early stage of Bitcoin network when it was still relatively unknown. According to data from Bitinfocharts, the first wallet moved 2,550 BTC, estimated to be worth $90 million. A second address moved around 2,000 BTC worth $71 million, and the third address transfer red around 1,950 BTC worth $69 million. All three wallets had another thing in common, i.e., the last transaction from all three wallets came on Nov. 5, 2017, nearly six years ago. Thus, these wallets slept through the Bitcoin bull run and the all-time high of over $69,000. Most of the Bitcoin in the three whale wallets dates back to July 2011 and is linked to F2Pool, a Bitcoin mining pool, suggesting...

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Blockchain technology has long held the promise of decentralization, offering the potential to redefine how we interact with data, value, and trust. As this technology continues to emerge fast, the concept of “home staking ” emerges as a power ful force that has the potential to reshape the landscape of blockchain networks. You might also like: Stirring up a revolution in emerging economies using DAOs | Opinion This begs the question: How does home staking em power the masses , and why is it crucial for the web3 ecosystem in the present and future? Democratising validation At its core, blockchain technology promises a decentralized future where power and control are distributed among a vast network of participants. However, the reality hasn’t always lived up to this promise. The barriers to entry for running a v...

Tuhu Nugraha, who works with the Indonesian government, said the country will soon conduct trials on applying blockchain technology in public service use cases. Following the launch of its government-backed crypto exchange, the Southeast Asian country of Indonesia is becoming a budding crypto hub that aims to be one of the leaders in Web3 technology, according to Indonesian blockchain and metaverse executives. At the recent Blockchain Economy Summit in Dubai, Cointelegraph spoke with Grace Sabandar, co-founder of the Indonesia Blockchain and Metaverse Center (IBMC), and Tuhu Nugraha, the principal of the Indonesia Applied Digital Economy and Regulatory Network (IADERN). The executives spoke on the state of digital assets, blockchain and metaverse adoption in Indonesia. According to Sabandar, the country’s youth comprise a large percentage of its population of 270 million, which is a demographic that is “adaptive to new technology.” The executive also pointed out that because of this, ...

As AI capabilities continue to evolve, proving the authenticity of real-world images, video and content could hinge on blockchain solutions. Decentralized infrastructure network provider Nodle is working with the likes of Adobe and the Linux Foundation to use blockchain technology to prove the authentic ity of real-world content captured by devices. In correspondence with Cointelegraph, Nodle co-founder Garrett Kinsman outlined the firm’s upcoming software development kit (SDK) for its ContentSign solution that will look to prove the integrity of data from its moment of capture using blockchain. Nodle is bringing ContentSign to the Content Authenticity Initiative, a project led by Adobe and the Linux Foundation, to create a future standard for media attestation. Related: Blockchain IoT firm Nodle goes open source with Web3 Bluetooth ‘nanocomputer’ sticker As Cointelegraph previously explored, its main offering is a network leveraging smartphone Bluetooth connectivity to rent computi...

The International Cricket Council will leverage NEAR's Blockchain Operating System to power a Web3 fan engagement app during 2023 Cricket World Cup in India. The International Cricket Council has partnered with NEAR Foundation to build a blockchain -powered, Web3 fan engagement app for the 2023 Cricket World Cup in India, which promises to reach hundreds of millions of fans over the next six weeks. Cointelegraph spoke exclusively to ICC head of digital Chris Donovan and NEAR CEO Finn Bradshaw, who unpacked details of the Web3 mobile app that is aimed at driving fan engagement before, during and after matches at the global showpiece in India. Related: From cricket to crypto: AB de Villiers ventures into Web3 The ICC’s first foray into the world of Web3 was the creation of an NFT platform called FanCraze in 2022 that gave fans the ability to own highlights of historic moments from various ICC tournaments. Donovan said that it laid the foundation for future Web3 exploits: “We loved ...

Blockchain projects should learn from Google and Facebook by monetizing their users without directly asking for their money. Pay-to-use blockchains are done. Not for us, of course — the nerdy crypto crowd. We’re perfectly happy to open wallets, engrave seed phrases on steel cards we bury in the ground, find exchanges we haven’t been blocked from yet, wrap some assets to leverage yield, and become OpSec professionals while we pray to the blockchain gods that the North Koreans aren’t online right now. We’re fine with this. Years of experience have dulled the pain. But the mass adoption we all hoped for? It relies on the 99% of people who have zero appetite for such trauma. Related: An ETF will bring a revolution for Bitcoin and other cryptocurrencies If permissionless blockchains are to become the backbone of our online experiences, three major changes need to happen: They need to become free. They need to become frictionless. They need to become familiar. “Free” means free for the us...

NFTs have taken a massive hit since the 2021 bull market, but some experts say they could make a comeback. Nonfungible tokens (NFTs) saw a massive surge in popularity in 2021, accompanied by sky-high prices, but the market has since come crashing back to earth, and it’s unclear whether there will be a resurgence .  NFTs are unique digital tokens recorded on a blockchain to certify ownership and authenticity. They can’t be copied or substituted but can be transferred and sold by their owner. According to analytics platform NFTGo, the NFT market cap valued in Ether (ETH) is down 40.59% over the past year at the time of writing, with trading volume down 40.81%. The market cap in U.S. dollars is down 41.16%, and its volume has dropped 66.77%. At the same time, market sentiment is ranked 13 out of 100, with an overall rating of “cold.” The NFT market has fallen even further in the latter half of 2023. Source: NFTGo Arno Bauer, senior solution architect at BNB Chain, told Cointelegraph ...

On the latest episode of “Macro Markets,” Marcel Pechman explains the potential implications for crypto of the Federal Reserve losing $100 billion. On this week's episode of “Macro Markets,” Cointelegraph analyst Marcel Pechman delves into a thought-provoking discussion on the United States Federal Reserve’s financial woes. Pechman opens by highlighting how the Fed is grappling with staggering losses and emphasizes a fundamental macroeconomic principle: that overall wealth cannot be universally enhanced as demand for goods and services grows. This discrepancy underscores the challenges posed by inflation, real estate prices and the consequences of the Fed’s policies. Pechman concludes that the Fed is now paying the price for its loose monetary approach during the pandemic, prompting a grim outlook for the U.S. Treasury Department’s finances. Shifting gears, Pechman moves on to discuss European markets, with a spotlight on Novo Nordisk’s remarkable ascent. The Danish pharmaceutical...

The United States Securities and Exchange Commission isn't likely to block the debut of Ethereum futures ETFs, according to sources. The price of Ether (ETH) surged around 11% to $1,700 following news that the United States Securities and Exchange Commission is set to allow the first exchange-traded funds (ETFs) based on Ether Futures. According to an Aug. 17 report from Bloomberg — which cited anonymous sources familiar with the matter — the regulator does not look as though it will block the applications of nearly twelve companies, including ProShares, Volatility Shares, Bitwise and Roundhill, that have filed to launch Ether (ETH) futures ETFs in recent weeks. Breaking The SEC is expected to green light an ETH futures ETF The beginning of something potentially massive here… pic.twitter.com/x9KtOpCqei — Bankless (@BanklessHQ) August 17, 2023 It remains unclear which ETF applications would be approve d by the SEC; however, officials indicated that several of the filings may be...

This initiative aims to house all NYSC certificates on the blockchain, providing individuals with the means to easily verify and authenticate them. Kashifu Inuwa Abdullahi, who holds the position of Director-General at the National Information Technology Development Agency (NITDA), has disclosed that blockchain technology will be employed for the generation and validation of National Youth Service Corps (NYSC) certificates within Nigeria. The National Youth Service Corps is a program in Nigeria that requires university graduates under 30 years old to undergo a one-year period of national service involving community development projects and cross-cultural integration. This declaration took place at the Stakeholders’ Policy Dialogue centered around the execution of the National Blockchain Policy. The gathering was organized by NITDA in collaboration with the stakeholders from the Blockchain Association of Nigeria (SiBAN). Image of Kashifu Inuwa Abdullahi, the Director-General at NITDA a...

Spain’s leading private bank A&G has launch ed a crypto investment fund, indicating a rise in adoption in the European nation. According to a report by Europress, the bank has already registered the fund’s brochure with the regulatory National Securities Market Commission (CNMV). A&G is set to offer this investment product to interested clients. The decision came as A&G observed a surge in interest from investors seeking cryptocurrency exposure.  The bank believes that investing in crypto assets can be safer and more efficient with proper risk management and regulation. You might also like: Spain ends notorious crypto scam with over $110m lost to hackers A&G further emphasized its forged partnerships with respected financial institutions to guarantee the fund’s security and compliance. CACEIS Bank, the joint asset servicing arm of Crédit Agricole and Santander, will act as the fund’s depositary, while the well-known auditing firm...

Paul Brody’s “Ethereum for Business” gives a basic overview of enterprise Ethereum, while providing real-world use cases of how EY clients leverage the technology. The cryptocurrency market has encountered its share of ups and downs over the past year, but blockchain technology continues to see impressive growth as businesses seek digital transformation.  Recent findings from the market research platform, MarketsandMarkets, estimated the global blockchain market size to be $7.4 billion in 2022. While notable, the report indicates that the blockchain sector is expected to generate $94 billion in revenue by the end of 2027. If these findings are accurate, this will result in a compound annual growth rate of 66% from 2022 to 2027. Breaking down ‘Ethereum for Business’ Specifically speaking, many enterprises today are using the Ethereum blockchain to improve outdated business processes. Paul Brody, global blockchain leader for Ernst & Young (EY), told Cointelegraph that he believe...

The deal includes an investment of $3.5 million, a Sony executive moving to Startale Labs and collaboration on new Web3 tools for mass adoption. Sony continues to make its mark in the emerging technologies space with its recent announcement of a new investment in building a global infrastructure to support Web3.  On June 28, Sony Network Communications — a subsidiary of Sony — and Japanese Web3 infrastructure tech company Startale Labs revealed a new business collaboration and a $3.5 million investment to build a foundation for the widespread adoption of Web3. The partnership will push Startale’s development of Web3 services and products, including its mission to create all-in-one solutions for Web3 development, in addition to a focus on bridging real-world assets with the Web3 ecosystem. Sota Watanabe, the CEO of Startale Labs, told Cointelegraph that partnering with Sony allows a new Web3 startup like itself to “learn and leverage” many things. Commenting on their all-in-one sol...

Roger Ver said that Ethereum, not Bitcoin, will lead the most new users to crypto. Early Bitcoin (BTC) investor and Bitcoin Cash (BCH) advocate Roger Ver claimed that Ethereum, not Bitcoin, will be responsible for driving the bulk of new users towards crypto .  On a May 31 episode of the Show Me The Crypto podcast, Ver — labeled “Bitcoin Jesus” for his early Bitcoin advocacy — said that despite Ethereum’s scaling issues and the other layer-one “clones” that have popped up in its wake, the Ethereum ecosystem is still where the action is: “Even though Ethereum doesn’t have the biggest market cap compared to Bitcoin, I think Ethereum is the front-runner in terms of driving worldwide adoption.” Ver praised the rise of Ethereum Virtual Machine-compatible (EVM) blockchains and layer-2 scaling solutions such as Polygon (MATIC) that can help share some of the load away from the main chain. Ver provides an account of the “civil war” that occurred in the early days of Bitcoin between Etheruem’...

The wallet relies on “World ID,” a protocol that verifies humanness through zero-knowledge proofs. Worldcoin, a project to identify human s and distinguish them from artificial intelligence, has launched a gas-free crypto wallet for verified human s, according to a May 8 announcement.  The new wallet, called “World App,” works on Android and iOS operating systems. It currently runs on the Polygon (MATIC) network, allowing users to hold and transfer United States Dollar Coin (USDC), Dai (DAI), Ether (ETH), Worldcoin (WDC) and Wrapped Bitcoin (WBTC). World App uses the project ’s “World ID” system to discriminate between human s and bots. Users who want to take advantage of gas-free transfers must first register for a World ID by supplying a phone number or iris scan. Developers say the project doesn’t store users’ data. Instead, it generates a zero-knowledge proof to verify the user is human , but without revealing the data used to generate the proof. Even users who don’t have a W...

Borrowing positions automatically roll their expiry, and can be refinanced should one party unilaterally decide to terminate. On May 1, nonfungible tokens marketplace Blur launched Blend, a peer-to-peer perpetual lending protocol that supports NFT collateral. Developed with venture capital firm Paradigm, developers cite Blend's rationale as a means of "financialization to scale." 4/ Every trillion dollar market relies on financialization to scale. NFTs are no different. Instead of paying $1m for a house, buyers put $100k down and pay the rest through their mortgage. Without this mechanism, almost no one would be able to afford homes. pic.twitter.com/4J96G3pGnJ — Blur (@blur_io) May 1, 2023 Blend has neither oracle dependencies nor expiries, allowing borrowing positions to open indefinitely until terminated. Developers also claim that the protocol would collect zero fees from borrowers and lenders: "Blend matches users who want to borrow against their nonfungi...