Posts

Showing posts with the label change

ETF filings changed the Bitcoin narrative overnight — Ledger CEO

Image
Ledger’s CEO says that, while it may take a few years, big money is getting into crypto. Over the past 12 months, some investors learned the hard way why they needed to move their crypto offline. Those who kept Bitcoin (BTC) and altcoins on crypto ex change s like FTX lost control of their assets, sometimes forever. Events drew a red line under the storied crypto adage: “Not your keys, not your coins.”  FTX’s loss was hardware wallet manufacturer Ledger’s gain, however. The Bahamas-based ex change ’s November 2022 bankruptcy filing delivered to Ledger “our biggest sales day ever,” the firm’s chief experience officer, Ian Rogers, told Cointelegraph, and “November turned out to be our biggest sales month on record.” Paris-based Ledger has been on a strong growth curve recently, though the past year has not been without controversy. In May, for instance, the firm drew industry ire when it launched a new secret recovery phrase storage service called Ledger Recover. Still, it remains one...

Bitcoin, Ethereum On Exchanges Decrease Amid Banking Crisis

Image
According to a report by Glassnode, the cryptocurrency industry’s first net capital inflow since April 2022 peaked in February 2023 at over $5.8 billion/month on a 30-day change basis. Inflows were primarily led by Bitcoin (BTC) and Ethereum (ETH). However, in the past month, the market has experienced a reversal outflow of -$5.97B. 20% of that comes from realized losses across BTC and ETH. Meanwhile, 80% came from stablecoin redemption (mainly BUSD). On the other hand, March 2023 has turned out to be quite the rollercoaster ride. Three banks in the U.S. declared voluntary liquidation or were taken into receivership by authorities. The cryptocurrency market inherited some volatility from the banking crisis, but the carnage was short-lived. As the banking crisis took shape, investors flocked to other investments such as Bitcoin (BTC) and Ethereum (ETH). A strong rally caught the market off guard and brought Bitcoin back above $22,000 and ETH beyond $1,600. This was driven by the new...

Can blockchain help combat climate change?

Blockchain’s transparency and traceability can aid sustainability and reduce carbon emissions for climate change. With rising temperatures, melting ice caps and more frequent and intense extreme weather events, the effects of climate change are becoming more and more obvious. There is an urgent need to prevent climate change, and numerous technologies and methods are being investigated to do so. Blockchain technology is one of these possibilities, and it has the potential to be very effective in the fight against climate change. At its core, blockchain is a decentralized ledger that can securely and transparently record transactions and store data. This technology has already been used in a variety of applications, from cryptocurrency to supply chain management. However, its potential applications in combating climate change are still being explored. Here are a few ways in which blockchain can help combat climate change. Bring it on, Global Warming! The United Citizens Organization la...