Former Chancellor says UK is falling behind on crypto opportunity

A former Chancellor of the United Kingdom has raised concerns the country is slipping behind its rivals in the European Union when it comes to the regulation of crypto. Philip Hammond, who served as the U.K’s Chancellor of the Exchequer from 2016 to 2019 told Bloomberg that there has been a distinct lack of direction and cohesion when it comes to crypto policy. “Particularly in the area of digital asset trading, I feel that the UK has missed a trick […] We are getting very close to the point where…

Read More

How crypto stickers led to a new career opportunity

Ghana national Daniel Karikari worked as a part-time office assistant at a crypto startup, cleaning the office and serving coffee to its managers. While performing his tasks, he encountered the words “blockchain” and “cryptocurrency” on the office wall, sparking his interest that eventually led to a new career.  In an interview with Cointelegraph, Karikari shared his humble beginnings. According to the Ghanaian, while he was working as an office assistant, he started to do his research on crypto because he was curious about the stickers. He explained that: “When I…

Read More

Ripple SVP says crypto winter provides an opportunity to build

Cointelegraph’s editor-in-chief Kristina Cornèr interviewed Brooks Entwistle, Ripple’s senior vice president (SVP) for global customer success at the World Economic Forum (WEF) at Davos, Switzerland, discussing his time in Ripple and the current “crypto winter” and what market participants should focus on.  According to the Ripple SVP, his experience in Ripple has given him the opportunity to explore. In the past year, Entwistle shared that their team has been learning more about the industry to “understand what business models are working” and what can be improved. Entwistle also shared that…

Read More

For the crypto industry, supporting sanctions is an opportunity to rebrand

One of the first punitive measures leveled against Russia in response to the military invasion of Ukraine was the implementation of economic sanctions aimed at isolating the country from the international financial system. On March 12, Russian banks lost access to the international payments and messaging network SWIFT, and private sector payment companies, such as Visa, PayPal and Mastercard, were close behind. But while these highly regulated and publicly scrutinized organizations were quick to react to the crisis, concerns quickly mounted that the Russian state, as well as companies and…

Read More

FTX executive Wetjen calls CFTC application an opportunity for the agency to innovate

Former Commodity Futures Trading Commission (CFTC) chairman Chris Giancarlo, known by some as Crypto Dad during his tenure from 2017 to 2019, spoke on the topic of U.S. crypto regulation at the Crypto Bahamas conference on Thursday. He called the current U.S. regulations, many of which were written in the 1930s, “nonapplicable” to the current financial reality of cryptocurrencies. Giancarlo expressed concern that central banks were usurping crypto. “If you read the utterances out of the European Central Bank, there is nothing but FUD toward non-sovereign crypto,” he said, noting…

Read More

$27K ‘max pain’ Bitcoin price is ultimate buy-the-dip opportunity, says research

Bitcoin (BTC) is facing calls for a significant price dip this week, and while some favor $30,000, there may be a safer bottom to long BTC. In a tweet on April 28, on-chain analysis platform Whalemap used whale support to determine where “many” investors should enter the market. Should hodlers hope for “max pain”? With Bitcoin whales in focus at what is the most historically significant consolidation zone in Bitcoin’s history, their buying and selling matters . Last month’s push to near $50,000 was thwarted, among other things, by large-volume…

Read More

Profit taking and Bitcoin consolidation give bears an opportunity to take control

The total crypto market capitalization reached its highest close in three months on April 3 at $2.23 trillion, but the performance between March 28 and April 4 was a mere 1.9% gain. During this time, Bitcoin (BTC) presented a 2.6% negative performance, although that was more than offset by the gains from altcoins. Total crypto market cap, USD billion. Source: TradingView While Ether (ETH) and Binance Coin (BNB) gained less than 3% over the past seven days, a handful of mid-capitalization altcoins managed to rally 20% or higher. On April…

Read More

Spanish lawmaker sees opportunity amid Kazakhstan’s Bitcoin mining collapse

Deputy for the Spanish Ciudadanos political party María Muñoz has proposed a bill to make Spain a Bitcoin mining hotspot following the internet shutdown that caused a mining outage in Kazakhstan. The lawyer and economist Muñoz was steadfast in her support of Spain as a Bitcoin (BTC) destination, in a tweet on Friday:  “The protests in Kazakhstan have repercussions all around the world but also for Bitcoin. We propose that Spain positions itself as a safe destination for investments in cryptocurrencies to develop a flexible, efficient and safe sector.” A…

Read More

Is NFT music an untapped opportunity?

When people think of nonfungible tokens (NFT), the most popular collectibles such as CryptoPunks, Bored Ape Yacht Club and Decentraland usually come to mind. Beeple’s digital artwork that sold for millions will most likely ring a bell, and most recently, gaming came together with the Metaverse to usher in an altcoin season. However, one particular type of nonfungible token that rarely gets looked at is music NFTs. With NFT sales raking in billions of dollars across other categories in 2021, music NFTs seem to have lagged behind. According to Cointelegraph…

Read More