Thursday, July 29

Ethereum

Bitcoin, crypto, Cryptocurrencies, digital assets, Ether, Ethereum, Markets, MI Exclusive, Regulation, Singapore

In Singapore, 93% of people have heard of cryptocurrency, 66% of the young own some, and more plan on buying, thanks to the nation’s pro-crypto stance, a survey finds

Singapore flag Emmanuel Dunnand/ Getty Images Most Singaporeans are positive on cryptocurrencies, regardless of age, but it is the country's younger population that is adopting digital coins en masse, thanks to pro-crypto regulation, according to a survey by Australia's Toluna, a consumer insights provider. The survey, which polled around 1,000 people, was conducted in May. It showed 93% of all Singaporeans had heard of crypto and 43% owned it, with adoption highest among 26-45 year-olds. 66% of respondents in that group said they owned some crypto. In the US, only 6% of adults said they invested in bitcoin, according to a recent Gallup poll.The Singapore survey showed 59% believed crypto would reach mass adoption, and 50% believed that bitcoin will be worth more than $367,000 by...
Elon Musk, Ethereum, Tendencias

Elon Musk drives up the price of ethereum | Digital Trends Spanish

Every time Elon Musk talks about an issue, there are consequences. In this case, these translated into an increase in the price of the cryptocurrency ethereum, after Musk acknowledged that he has some of them in his electronic wallet. Because of these sayings, Ethereum closed Wednesday up 12 percent. Musk's statements occurred in the middle of The B Word event, in which he was talking with Twitter creator Jack Dorsey.During the event, the founder of Tesla and SpaceX also stressed his support for cryptocurrencies, beyond the questions that have been made in relation to energy consumption. Getty Images / Digital Trends GraphicBoth Tesla and SpaceX also own bitcoin. And its founder says he's had his own bitcoins for a long time and doesn't think about selling them because while he may lo...
Bitcoin, Blockchain, Central Bank Digital Currency, cryptocurrency, digital yuan, Ethereum, Markets, Mining, Stablecoins, Tether, Weekend BI UK

Cryptocurrencies, stablecoins and central-bank digital currencies are all the rage. We break down what they are and what you need to know about them

A bitcoin artwork by Stacey Coon, Anastasia Sultzer, and Nanu Berk at the Bitcoin 2021 convention. Marco Bello/Getty Images Cryptocurrencies and stablecoins have boomed in 2021, sucking in investors. The world's central banks are increasingly looking to create their own digital currencies. Insider cuts out the jargon and explains the key differences and what they're used for. See more stories on Insider's business page. Cryptocurrencies and stablecoins have boomed in 2021. And central banks around the world are increasingly keen on their own digital currencies. But how do they all work and what are they used for?CryptocurrenciesCryptocurrencies are basically digital currencies that aren't controlled or issued by a centralized authority, such as commercial or central banks.These...
Anthony Di Iorio, Blockchain, Canada, crypto, Crypto assets, Crypto billionaire, Cryptocurrencies, Decentral, Ethereum, Markets, MI Exclusive

Ethereum’s co-founder says he’s done with crypto because it’s too risky-and only represents a small bit of what the world needs

Anthony Di Iorio, co-founder of ethereum. Decentral Anthony Di Iorio, a co-founder of the ethereum blockchain, is wrapping up his time in the cryptocurrency world due to personal safety concerns, and because he no longer wants to be known as the "crypto guy."He recently told Bloomberg he wasn't too encouraged by the risk profile attached to the industry."I don't feel necessarily safe in this space," he said. "If I was focused on larger problems, I think I'd be safer."The 48-year-old Canadian has had a security team since 2017, and mostly been accompanied on his travels, Bloomberg said. He soon plans to sell his current blockchain venture Decentral to focus on philanthropy and other projects unrelated to crypto. Decentral, founded in 2014, is a Toronto-based wallet and cryp...
Bitcoin, crypto, Ethereum, Jack Dorsey, Markets, MI Exclusive, square

Bitcoin DeFi is on the rise as Jack Dorsey’s Square muscles into territory long held by ethereum

Jack Dorsey in 2017. Rolf Vennenbernd/picture alliance via Getty Images Square CEO Jack Dorsey earlier this week announced his payments company was diving into the decentralized finance space. But he's not doing it on ethereum, the usual stock-in-trade of DeFi. Dorsey wants to build his platform with bitcoin.DeFi, which some call the "fourth wave" of crypto, is blossoming. Companies are worried building it, users are buying into it, and regulators are about it. Over $50 billion in assets are locked into a DeFi exchange, according to DeFi Pulse.But the ethereum-based applications that have come to dominate DeFi, such as Uniswap and Compound, don't have to be the only option. Bitcoin DeFi is rising, albeit slowly, and could see significant gains from Square's entry into the space. ...
Bitcoins, Ethereum, NFT, Redes sociales, Tendencias

Are the best platforms to buy and sell NFT | Digital Trends Spanish

Beyond the fact that they are part of the history of the internet, the first tweet in history, Nyan Cat - the GIF of a cat with toast - and the viral video Charlie bit my finger have another element in common: they have all been finished as token non-expendable (NFT, for its acronym in English). It is about the latest phenomena that have arisen around cryptocurrencies, aimed at those who have a collector's soul. If you are one of them or you feel that your digital creations deserve recognition, in this guide we will tell you which are the best platforms to buy and sell NFT smoothly. It may interest you: The NFTs are like virtual collectible cards. Called token not fungible because they are unique cryptocurrency units that cannot be replicated. As these are unique digital items, they...
Bitcoin, Cardano, crypto, digital assets, Dogecoin, Ether, Ethereum, Markets, MI Exclusive

Bitcoin, ether and dogecoin briefly slide to lowest in 3 weeks after inflation data sparks fears of faster Fed tightening

STR/NurPhoto via Getty Images Bitcoin dogecoin and cardano's ada token hit their lowest in three weeks at one point on Wednesday before recovering some stability, while ether touched a two-week low after a key measure of US inflation raised concern among investors that the Federal Reserve may put an end to its current policy of low borrowing costs.The US consumer price index rose 5.4% in June compared with a year earlier, the fastest pace since 2008, according to data on Tuesday. Bitcoin was last up around 1% on the day at $32,830, according to Bloomberg data. Earlier, it fell to as little as $31,599, its lowest in three weeks."The strange narrative is that this is due to the strong inflation yesterday in the US, perhaps on the fear that this will bring forward Fed tighten measur...
Bitcoin, crypto, Ethereum, Index, Markets, MI Exclusive, S&P Dow Jones

A new index tracking the performance of 240 digital currencies will let investors take the temperature of the crypto market

In this photo illustration, a smartphone displays the Tether market value on the stock exchange via The Crypto App. Photo Illustration by Guillaume Payen/SOPA Images/LightRocket via Getty Images An index from S&P Dow Jones launched on Tuesday aims to give investors a snapshot of the overall crypto market. The index will be top-heavy: bitcoin and ethereum currently make up 62.8% of the crypto market. The broader crypto market has tended to move in tandem with the big two mega-cap coins, according to Insider's analysis of the S&P crypto indices. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. An index from S&P Dow Jones launched on Tuesday aims to give investors a unified snapshot of the overall crypto market as institutional players grow more curious abou...
Binance, Bitcoin, Coinbase, crypto exchanges, crypto trading, Cryptocurrencies, digital assets, Ether, Ethereum, Kraken, Markets, MI Exclusive

The amount of bitcoin held on exchanges is at its lowest in 6 months, while ether reserves are at record lows, indicating any sell-offs could be a lot more modest

Ethereum, Bitcoin and Litecoin Yuriko Nakao The amount of bitcoin and ether traders hold in exchanges relative to total supply has dropped dramatically in the past few weeks, which analysts say cuts the chances of another big sell-off in the two cryptocurrencies.The ratio of bitcoin held on exchanges versus total number of coins in circulation has fallen to 13% in July, its the lowest level in 6 months, according to data from crypto analytics group Santiment on Tuesday.Similarly, the amount of ether held on exchanges as a percentage of total supply fell to just 18% in June, which is the lowest on record and the most recent figures from Santiment.Santiment tweet Santiment "The ratio of bitcoin's supply on exchanges has encouragingly slid down to its lowest since early January....
Crypto crash, Digital Wallet, Ether, Ethereum, Fireblocks, Markets, MI Exclusive, Stakehound

Crypto-custody firm Fireblocks is being sued by a company that says it was locked out of a wallet containing more than $70 million of ether

Jack Taylor/Getty Images Fireblocks is being sued by a company that claims it was locked out of a wallet containing more than $70 million of ether. StakeHound says Fireblocks did not back up the private keys to its digital wallet and funds were lost. Fireblocks has denied wrongdoing, claiming StakeHound didn't store the backup per Fireblock's guidelines. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Israeli crypto-custody firm Fireblocks is facing a lawsuit from a company that claims it was locked out of a wallet containing more than $70 million of ether, a report from Calcalist says.The company, StakeHound, claims that negligence by a Fireblocks employee led to the crypto assets being lost without any backup available. The Fireblocks employee allege...