October 2022 / 90 posts found
Bitcoin Software Company Synonym Launches Bitkit, a Bitcon Wallet Powered by Slashtags Protocol
Bitcoin Frederick Munawa is a Technology Reporter for Coindesk. He covers blockchain protocols with a specific focus on bitcoin and bitcoin-adjacent networks. LUGANO, SWITZERLAND – Synonym, a Bitcoin software company, has launched Bitkit, a new Bitcoin wallet app that features portable web profiles and passwordless web accounts. The official announcement took place on Saturday at the PlanB Forum Bitcoin conference. Bitkit is Lightning-compatible and leverages Synonym’s Slashtags protocol. Slashtags is a system that uses Bitcoin cryptographic seeds to create portable web profiles (that can be used across multiple platforms), automatically updated contacts, contact payment preferences and authentication without a password. […]
The Week in Crypto – Singapore, Chinese spies, CBDCs and more!
By Mark Hunter 24 hours agoSat Oct 29 2022 09:20:44 Reading Time: 2 minutes This week in crypto we’ve seen Singapore cracking down on crypto, Chinese spies trying to pay U.S. double agents in bitcoin and the “world’s biggest CBDC” trial. But which stories were the pick of the bunch? Stop monkeying around and find out! No. 3 – Singapore Announces Sweeping Crypto Rules Singapore clearly hasn’t taken the shame associated with being home to Terraform Labs lying down. This week it announced a raft of proposed changes to the crypto space that would make it much harder for retail […]
Market Wrap: Bitcoin Heads for Best Week in 3 Months
Cryptocurrency Bradley Keoun is the managing editor of CoinDesk’s Markets team. He owns less than $1,000 each of several cryptocurrencies. Glenn C Williams Jr, CMT is a Crypto Markets Analyst with an initial background in traditional finance. His experience includes research and analysis of individual cryptocurrencies, defi protocols, and crypto-based funds. He owns BTC, ETH, UNI, DOT, MATIC, and AVAX Bitcoin (BTC) rose Friday after a U.S. government report showed the Federal Reserve’s preferred inflation gauge rose slower than expected last month. The reason that matters is because it shows progress in the Fed’s campaign to tamp down the pace […]
Amidst Crypto Market Revival October Sees Lowest Daily Trading Volumes: Report
October 28, 2022 by Saeed Ul Hassan Despite the fact that the crypto market has shown signs of revival this month, with Bitcoin and Ethereum topping $20,000 and $1,500, respectively – October 2022 had one of its lowest daily trading volumes since 2020. The average daily trading volume for institutional digital asset products fell by 34.1% to $61.3 million this month, according to a research report released on October 27th by CryptoCompare, a global cryptocurrency market data provider. However, the decline in daily trading is not new to the recent market turbulence. In September 2020, the average daily trading volume dipped below […]
MATIC Price Poised For Massive Upswing, Analyst Map Crucial Entry & Exit Levels
Bitcoin After an extended period of weak momentum, Bitcoin has begun its upward movement. Following in its step, altcoins like Ethereum, Cardano, Solana, XRP, and BNB, among others, surged as well. However, not all assets are experiencing such positive price increases; a few are yet to claim their bull run. A prominent name out of the list is Polygon (MATIC), which is still stuck in the red zone and continues to lose out on gains. At the time of writing, Polygon (MATIC) is selling at $0.936 after a fall of 0.82% over the last 24hrs. However, a closely followed crypto […]
Bitcoin miner’s stock slides on bankruptcy fears
Data: Yahoo Finance; Chart: Axios Visuals A major publicly-traded crypto mining operator says its cash reserves might not last for long, alarming investors about its solvency. The firm warned that it could, among other things, file for bankruptcy. Driving the news: Shares of Core Scientific plunged roughly 75% Thursday morning to a low of about 25 cents, making it the year’s biggest loser of major publicly-traded U.S. bitcoin miners. What’s happening: Core Scientific said that the combination of depressed bitcoin prices and heightened electricity costs, plus the ongoing litigation with Celsius Network, has rendered it unable to make debt payments. […]