The island nations have common challenges and widely varying conditions. Just don’t use crypto, the IMF says. Conditions in Pacific Island countries (PICs) create unique currency needs. Digital currencies are up to the task of meeting those needs, with the right design features, the International Monetary Fund (IMF) found in a new paper. At the...Continue Reading

The cryptocurrency exchange will charge a 5% commission for retrievals above $100. Crypto exchange Coinbase will soon enable users to recover lost assets sent to the platform’s unsupported blockchains, including BNB Chain and Polygon. According to the Feb. 27 announcement, users who sent assets to Coinbase accounts on the BNB Chain or Polygon would simply need...Continue Reading

The cryptocurrency market has more than doubled in recent months, led by Bitcoin’s surge. The total crypto market capitalization has reclaimed the $2 trillion level for the first time since April 2022, as positive market sentiment and consistent inflows into spot Bitcoin exchange-traded funds (ETFs) pushed BTC’s price higher. A rally in Bitcoin’s (BTC) price...Continue Reading

Tether CEO Paolo Ardoino and Blockstream chief Adam Back talked about BTC adoption and asset tokenization in a livestream. The Bitcoin industry should favor the jurisdictions that favor it, Bitfinex chief technical officer Paolo Ardoino argued in a livestreamed conversation with Blockstream CEO Adam Back on Feb. 27. The executives were discussing Bitcoin and securities...Continue Reading

Though potentially facing up to 110 years in prison, Sam Bankman-Fried could be sentenced by Judge Lewis Kaplan to 15-25 years based on his case, according to some lawyers. Lawyers representing Sam “SBF” Bankman-Fried are expected to submit their sentencing recommendation for the former FTX CEO on Feb. 27, and crypto users have thoughts. On...Continue Reading

The new site will purportedly cost 40% less than similar locations. North American digital asset miner Hut 8 has begun construction on a new 63-megawatt mining facility in Culberson County, Texas, its fifth United States mining location.  The new facility is expected to be open for business with miners online by Q2 2024. As Cointelegraph...Continue Reading

“No more pop-ups. No more transaction windows,” developers wrote. Decentralized exchange (DEX) Uniswap is launching a web extension for its native wallet. According to the Feb. 27 announcement, a waitlist is currently available for users who have claimed a uni.eth username. “We will be sharing access to the Uniswap Extension Beta in the order of username...Continue Reading

The crypto industry is at an inflection point following legacy bank failures and black swan events in the crypto space, according to the Mad Lads founder. The success of the recently launched Backpack cryptocurrency exchange was a testament to a maturing crypto industry that demands more trustworthy exchanges, Armani Ferrante, the founder and CEO of...Continue Reading

$60,000 within range after 12.7% gains in 24 hours? Not so fast, according to Bitcoin derivatives metrics. Bitcoin (BTC) price finally broke to the upside after 12 days of trading within a tight 5% range, fluctuating between $50,430 and $52,970. The 12.7% rally in 24 hours reached a peak of $57,380, the highest level in...Continue Reading

According to the Fed, a large, stable foreign CBDC is unlikely to affect the dollar’s utility as a value storage mechanism but its use as a medium of exchange could be dampened. The U.S. Federal Reserve System’s board of governors recently released a research paper highlighting what it perceives as the pros and cons of...Continue Reading