Author: CryptoReporter

Twelve years ago today, on May 22, 2010, programmer and early Bitcoin (BTC) miner Laszlo Hanyecz made history when he traded 10,000 BTC for two large pizzas. It was the first real-world cryptocurrency transaction, and media attention from the act legitimized Bitcoin in a big way.Inspired by that delicious turning point in decentralized finance, the Cointelegraph Store has created a fresh new line of merchandise. And you won’t even have to tip your driver when it arrives.Bitcoin Pizza apronThe Bitcoin Pizza Organic Cotton Apron will cook up a slice of fashion for the crypto chef in your life. Shield yourself…

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We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and throw in a few random zingers to keep them on their toes!This week, our 6 Questions go to Sonali Giovino, head of communications at Defiyield, a cross-chain asset management protocol that empowers users to be a part of the DeFi ecosystem. Sonali Giovino has been working in the crypto space since 2017 when she began holding weekly educational workshops, which lead to public speaking events on cryptocurrency and blockchain and her production of Vancouver’s first Blockchain Yacht Cruise Conference. She brings 20+ years of…

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Depending who you ask, NFTs are either a new and exciting way to invest, or a bearish, overhyped sector. Regardless, journalists, investors and collectors have paid significant attention to the growing NFT market in the past year. NFTs continue to be one of the most popular Web3 entry points, an opportunity for everyone from casual art fans to crypto billionaires to own a unique asset stored on the blockchain. As NFT visionaries have recently pointed out, NFTs also have the potential to be used for incredible causes beyond digital asset collection. In the past six months, communities have launched NFTs to…

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Bitcoin (BTC) gave bears little joy over the weekend as the May 22 weekly close looked set to revolve around $30,000.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewWaiting for Bitcoin to “make a decision”Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it held a narrow range after the Wall Street trading week.With volatility absent, traders hoped for a move to larger areas of support or resistance next.“Still wedged between the supply and demand zone .. Hoping for a break today so we have some juicy action to play with,” popular trader Crypto Tony summarized, noting upside and downside targets…

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Happy Bitcoin Pizza Day! Before you dial for a Margherita to commemorate the world’s first real-world Bitcoin transaction, here’s a slice of trivia:What do a family holiday to Japan, a 50 Cent album, a steak dinner, and a framed cat photo all have in common? They were all paid for with Bitcoin (BTC) by members of the Cointelegraph Bitcoin community! And just like the Bitcoin pizzas that cost 10,000 BTC, which are now worth more than $300 million, the community’s Bitcoin purchases have also skyrocketed. Benjamin de Waal, the VP of Engineering at Bitcoin exchange Swan Bitcoin told Cointelegraph, “I spent 7 BTC…

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United States President Joe Biden’s executive order on digital assets has kickstarted an interagency mission to support financial innovation while protecting American consumers and interests. While many industry leaders welcome the constructive tone, some critics hope for a crackdown. We don’t blame them.Many cryptocurrency projects operate behind thin veils of decentralization. In public, they’re sold on the premise that they distribute power. Behind the curtains, leaders pull the strings. In the recent case of Wonderland, a serial scammer and felon directed a $1 billion treasury.Many projects secretly pay influencers to shill their tokens. The price pumps. Insiders dump. Naive investors…

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Blockchains have relied on proof-of-work (PoW) validation since their inception. Yet the PoW consensus proved to be unsustainable with its high energy usage and its need for fast, powerful hardware creating high barriers to entry. That’s why blockchains are adopting proof-of-stake consensus algorithms (PoS), where those wanting to earn rewards don’t have to compete against other miners, but can simply stake part of their crypto for a chance to be chosen to be a validator — and reap the returns.Everyone who owns crypto on PoS blockchains must want to take advantage of the opportunities staking provides, right? Actually, according to…

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Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.Top Stories This WeekCourt documents reveal Do Kwon dissolved Terraform Labs Korea days before LUNA crashTerraform Labs co-founder dissolved two of the entity’s locations in South Korea, as well as Terraform Labs Korea, just prior to the LUNA and UST collapse, according to legal documents. Although the decision to dissolve the offices was made during an April 30 shareholder meeting,…

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When choosing any blockchain for minting NFTs, such as Ethereum for NFT development, ensure the robustness of its smart contracts, check the blockchain’s fee structure, security measures and transaction speed, and assess the possibility of forking. In the cryptocurrency market, NFTs are a significant niche. They provide further exposure to cryptocurrencies for people who might not otherwise have come into contact with these assets. In addition, they actively contribute to the mass adoption of blockchain technology because they are so closely linked to digital art and gaming. However, the resilience of a blockchain’s smart contracts is a major component of…

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The annual meeting of the World Economic Forum (WEF) is scheduled to take place from May 22–26,  marking the first in-person WEF global leadership event since the pandemic began. The annual meeting was first scheduled for January but was later turned into a virtual event in light of growing COVID-19 infections during the winter.The Davos Agenda 2022 virtual event, which took place from January 17–21, 2022, saw major world leaders appeal for cooperation in tackling major global socioeconomic issues. Discussions during the virtual event revolved around global economic recovery, climate action, technological innovation and global collaboration.A total of 300 world…

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