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” Despite bearish trend, hedge funds are dipping their toes in crypto: PwC “ Traditional hedge funds are slowly embracing cryptocurrency investments but are keeping their exposure limited as the market continues to mature, according to new research from PricewaterhouseCoopers, or PwC. In its 4th Annual Global Crypto Hedge Fund Report 2022, PwC said roughly…
” Edge announces confidential no-KYC digital currency Mastercard “ On Wednesday, self-custody crypto exchange Edge announced a no-KYC debit Mastercard that can be funded with Bitcoin and other digital currencies. Without know-your-customer, or KYC, verification, users would be able to spend their crypto at more than 10 million merchant terminals in the U.S. Currently, one…
” US central bank digital currency commenters divided on benefits, unified in confusion “ In January, the United States Federal Reserve Board of Governors released a discussion paper on a potential U.S. central bank digital currency (CBDC) titled “Money and Payments: The U.S. Dollar in the Age of Digital Transformation.” The comment period for the…
” IMF recommends eco-friendly CBDCs and non-PoW mechanisms for payments “ An International Monetary Fund (IMF) study on energy consumption revealed the importance of design choices within the crypto ecosystem to build an environmentally friendly mainstream payment system. In the study entitled “Digital Currencies and Energy Consumption,” the IMF examined the energy consumption of crypto assets based on…
” Crypto-stock trade pairs in the cards as Swyftx inks $1.5B merger with Superhero “ Australian crypto exchange Swyftx wants to eventually offer seamless trading between traditional and crypto-asset classes, with its first step being the completion of its $1.5 billion merger deal with online investing platform Superhero. The deal to combine the two was…
” PayPal enables transfer of digital currencies to external wallets “ After rolling out the ability to buy and sell crypto on its platform in October 2020, PayPal is finally allowing users the ability to natively transfer, send and receive digital assets between PayPal and other wallets and exchanges. As of Tuesday, the feature is…
” Ethereum 2.0 vs. the top Ethereum killers|The Market Report “ “The Market Report” with Cointelegraph is live right now. On this week’s show, Cointelegraph’s resident experts give you the details about Ethereum 2.0, its main competitors, and how they differ from each other. To kick things off, we break down the latest news in the…
” Struggle for Web3’s soul: The future of blockchain-based identity “ The attention, one might suspect, has much to do with the participation of Buterin, blockchain’s wunderkind and the legendary co-founder of the Ethereum network. But it could also be a function of the paper’s ambition and scope, which includes asking questions like: What sort…
” Crypto.com’s Cronos launches $100M accelerator for DeFi and Web3 “ Cronos, a blockchain ecosystem built by major crypto exchange Crypto.com, announced the launch of an accelerator program to fast-track advancements across the decentralized finance (DeFi), Web3 and Metaverse space, among others. Driving the initiative, the Cronos Accelerator Program is backed by $100 million to…
” Cybersecurity firm supports Bitcoin ‘mission,’ converts balance sheet to BTC “ Another business jumps aboard the Bitcoin bandwagon. Octagon Networks, a global cybersecurity network company with over 20 employees announced on June 6 that it had “finished the process of converting its liquid assets and entire balance sheet into Bitcoin (BTC).” The group will…