A YouTuber started traveling the world to see whether he could survive solely on Bitcoin as a means of payment. In the latest episode of Cointelegraph’s ‘Crypto Stories’ series, Paco from India explained how he started his journey from the city of Bengaluru and learned from the example of travel pioneers who came before him, including Nellie Bly, who circumnavigated the globe in the late 19th century in less than 73 days. Paco worked a variety of jobs before reading up on Bitcoin (BTC) and made a big decision. “This…
Read MoreTag: Explains
How blockchain can open up energy markets: EU DLT expert explains
Aside from the buzzing neologism of Web3, there is a bit less catchy but hardly less important concept of Industry 4.0, which includes the new and revolutionary drivers of the next generation’s industrial landscape. And, especially when it comes to the energy sector, blockchain lies at the heart of these technologies. The authors of a recently published EUBlockchain Observatory report “Blockchain Applications in the Energy Sector” are convinced that distributed ledger technology (DLT) could become a key enabler technology and has a very high potential to influence or even disrupt…
Read MoreFed governor explains who needs crypto regulation and why demand for it is growing
Regulation is needed to open the crypto ecosystem to a larger public, United States Federal Reserve Board Governor Christopher Waller told an audience at the SNB-CIF Conference on Cryptoassets and Financial Innovation in Zurich, Switzerland. Financial intermediaries can help manage risk for new crypto users, but cannot eliminate it, Waller said, and new and fast-growing financial products need public confidence to survive. The banking official used historical examples to show the relationship between technical innovation, regulation and the amassing of fortunes. “New technology — and a lack of clear rules…
Read MoreWhy the world needs a spot Bitcoin ETF in the US: 21Shares CEO explains
Despite the growing adoption of various cryptocurrency exchange-traded funds (ETFs) all over the world, the global trading community continues to ask one question: When will a spot Bitcoin (BTC) ETF go live in the United States? According to some ETF analysts, a spot Bitcoin ETF could become real in mid-2023, following years of rejection by the U.S. Securities and Exchange Commission (SEC). Despite the SEC’s apparent unwillingness to allow such a product, industry players like Grayscale continue to actively push for a spot BTC ETF. There are a decent number…
Read MoreLedger exec explains how it works
As cryptocurrency staking is growing increasingly popular, one may wonder about staking opportunities of not only crypto exchanges or software wallets but also hardware wallets. By definition, staking allows investors to earn crypto without selling their holdings but rather by delegating crypto to a staking validator to support a blockchain. Originating from the word “stake,” the staking process refers to gaining profits and an associated passive income from crypto through a consensus mechanism known as proof-of-stake (PoS), as opposed to the mining-based proof-of-work (PoW) mechanism of Bitcoin (BTC). Amid the growing…
Read MoreEx-BitMEX CEO explains how Bitcoin will hit $1 million by 2030
Bitcoin (BTC) will cost $1 million by 2030, one of the industry’s best-known pundits insists, as countries worldwide shun the euro and U.S. dollar. In his latest blog post published April 27, Arthur Hayes, former CEO of crypto derivatives giant BitMEX, doubled down on his sky-high price prediction for Bitcoin and gold. Bitcoin, gold, commodities… just not fiat In light of sanctions on Russia over its invasion of Ukraine, a giant pivot in both geopolitical and economic policy is coming, Hayes says. As the U.S. and European Union battle to reduce…
Read MoreBitfarms mining chief explains key differences
Amid Bitcoin (BTC) mining stocks like Hut 8 Mining touching multi-month lows, a major industry executive has outlined key differences between BTC investment and investing in BTC-linked stocks. Ben Gagnon, chief mining officer (CMO) at the major Bitcoin mining company Bitfarms, believes that direct BTC investment and exposure to BTC mining stocks are two “fundamentally different” investment strategies to suit different people and interests. “A direct investment in Bitcoin is a simple, long-term investment suitable for the vast majority of people,” Gagnon said in an interview with Cointelegraph. On the…
Read MoreWhat is driving institutions to invest in crypto? BlockFi’s David Olsson explains
In an interview with Cointelegraph reporter Joe Hall on April 12, David Olsson, global head of institutional distribution at BlockFi, shared his insight on the state of institutional adoption of cryptocurrencies. BlockFi is a financial services company that offers retail wealth management products such as crypto-backed loans, interest accounts, Bitcoin (BTC) rewards credit cards, etc. Meanwhile, for institutional investors, BlockFi’s proprietary platform provides financing for capital efficiency, the ability to borrow coins for hedging and shorting, and institutional-grade trading infrastructure. When asked about any exciting trends among institutional clients adopting…
Read MoreBinance CEO explains what he’s most excited about in 2022
During Paris Blockchain Week, Changpeng Zhao, CEO of Binance, the largest centralized cryptocurrency exchange in the world, sat down with Cointelegraph reporter Joe Hall for an exclusive interview. When asked about what excites him the most in crypto in 2022, Zhao said “We’re now seeing regulators who want to be a part of this industry. So I think that’s one of the most fundamental things we’ve shifted.” “Multiple countries, such as the U.S., issued an executive order regarding stablecoins. Along with Bahrain, Dubai built a regulatory framework and issued a…
Read MoreMark Yusko explains the real problem with Fed policy — and why Bitcoin matters
Inflation is front-page news again after the Labor Department revealed this week that the United States consumer price index soared to 8.5% year-over-year in March — the highest in over four decades. According to crypto industry veteran and Morgan Creek Capital founder Mark Yusko, price increases aren’t the real problem. “This isn’t inflation. This is currency devaluation,” Yusko told Cointelegraph business editor Sam Bourgi in an exclusive interview at the Bitcoin 2022 conference in Miami. Currency devaluation directly impacts consumers’ purchasing power, which refers to how many goods and services…
Read More