Blockchain Financial News

Innovative cities across America are racing to become the next hot spot for cryptocurrency and blockchain adoption. Miami was the first city to adopt its own part of CityCoins last year, allowing it to implement its own cryptocurrency called “MiamiCoin” to be used for civic engagement. 

Cointelegraph is following the development of an entirely new blockchain from inception to the mainnet and beyond through its series, Inside the Blockchain Developer’s Mind, written by Andrew Levine of Koinos Group.

Market experts are in a frenzy right now with the BTC bulls in full swing. This has been the case, especially after 17 March, with the king coin finally able to hold a position above $40,000.

Ethereum is a programmable blockchain that keeps a publicly accessible record of transactions

Stablecoins like Terra have gained prominence with many people wanting to invest in them

A number of crypto-investors, analysts, and even several governments thought that El Salvador would lead the international community in the mass adoption of Bitcoin. However, reactions have been mixed since the flagship coin was first recognized as legal tender six months ago.

Ethereum appears to have found the catalyst that Bitcoin proponents have been saying was needed to lift the better-known cryptocurrency out of its recent doldrums. Ether, the native cryptocurrency of the most used blockchain network, rose for a second day Friday, extending its outperformance compared with Bitcoin for a second week. Ether is up about 24% since March 11, while Bitcoin has increased about 16%. What’s driving the Ether gains is building excitement over an upcoming software upgrade that promises to reduce the blockchain’s carbon footprint and pave the way to improve the network’s scalability and efficiency.

Recent geopolitical events have polarized the world. Partisanship and the ideological divide have further balkanized the internet, whose gatekeepers have trampled upon the rights of millions to access financial services. Nations are gradually waking up to the reality of having neutral protocols and national stacks. 

Polygon Network is an emerging cryptocurrency working on a scalability blockchain platform. Its native token, MATIC, is an Ethereum ERC-20 token that powers Polygon.

2022 has been a busy period for the Ethereum community with many updates already released. The ETH 2.0 is expected to be launched in June 2022. But that is not it. The All Core Developers of the Ethereum blockchain has released the preliminary specifications of the latest update called Shanghai.

The highly anticipated Beijing Winter Olympics have come and gone, and the soft launch of China’s CBDC, the e-CNY, had a very frosty reception at the event marked by international boycotts. That being said, it seems that China is just getting started.

NFTs are nonfungible tokens. The adjective “nonfungible” is often used in economics to represent features such as uniqueness and non-interchangeability. In the crypto space, nonfungibility simply indicates that one item cannot be exchanged for another.

Last month, cultural critic Alison P. Davis published an article in The Cut titled “A Vibe Shift is Coming. Will Any of Us Survive It?” The “vibe shift” Davis was referring to had nothing to do with crypto. She was referring to a sea change in pop culture and social trends, particularly in view of GenZ’s ongoing ascendance into trendsetting and cultural relevance. Nevertheless, her positioning caught my eye because she aptly put her finger on something crucial that I’ve also been feeling, particularly as it relates to crypto. The paradigm shift toward the next cultural moment — whatever it is — is perceptible, even if it’s not palpable. We can’t quite make it out, but we know it’s in the room. The concrete conditions haven’t shifted yet, but the vibe most certainly has.

What we call Web3 will be centered on an ecosystem of technology products that are decentralized, based on blockchain networks, interoperable, and without a traditional trusted validator (such as corporations, institutions and government bodies). But exactly what does this mean? 

The Bank of England announced Friday that it had reached an agreement with the Massachusetts Institute of Technology Media Lab Digital Currency Initiative, or DCI, on a joint twelve-month research project on Central Bank Digital Currency, or CBDC. The bank said in a statement that the new project was for research purposes only, and not intended to develop an operational CBDC.

In the last decade, streaming platforms like Spotify, Soundcloud and Apple Music have completely transformed the music industry, allowing music to be streamed far and wide and accessible to all online. But for the artists, accessibility has posed a big issue when it comes to monetizing and owning the music they poured their hearts into. To put these values into perspective, 97% of artists on streaming platforms such as Spotify are currently earning less than $1,000 per year.

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In the newest episode of Cryptopedia, Cointelegraph's Jackson DuMont dissects Web3 and gives an insightful overview of how the next generation of the internet works. DuMont discusses the basics of Web3 and how it’s different from its predecessors Web1 and Web2.

It’s not every day that a country’s leader endorses a cryptocurrency project. Nayib Bukele, the President of orange-pilled El Salvador, was the first leader to endorse Bitcoin (BTC).