Linux to launch Foundation to support digital wallet development

[ad_1] The Linux Foundation, a global nonprofit organization that enables innovation within the blockchain ecosystem through access to open source technology, has announced plans to launch the OpenWallet Foundation (OWF). The OWF is a collaborative effort between companies in the technology and public sector, as well as stakeholders within the blockchain ecosystem, to develop open-source software to support the interoperability of digital wallets; software designed to send, receive, store and monitor

Bitcoin margin long-to-short ratio at Bitfinex reach the highest level ever

[ad_1] Sept. 12 will leave a mark that will probably stick for quite a while. Traders at the Bitfinex exchange vastly reduced their leveraged bearish Bitcoin (BTC) bets and the absence of demand for shorts could have been caused by the expectation of cool inflation data.Bears may have lacked confidence, but August's U.S. Consumer Price Index (CPI) came in higher than market expectations and they appear to be on the

What is a cryptocurrency ETF and how does it work?

[ad_1] Exchange-traded funds (ETFs) have grown in popularity as a means of investing since the mid-1990s due to their intraday liquidity and low transaction costs. In general, ETFs track a specific index and are generally traded on exchanges. In a securities market, ETFs allow investors to trade their shares continuously throughout the trading day, unlike mutual funds, which only permit investors to purchase or redeem shares at the close of the

Bitcoin price falls under $21K as traders send 84K BTC to exchanges

[ad_1] Bitcoin (BTC) fell further after the Sept. 13 Wall Street open as the dust settled on unexpectedly high United States inflation.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC price eyes 9% daily lossesData from Cointelegraph Markets Pro and TradingView showed BTC/USD giving up $21,000, down up to 8.45% on the day.Bearish tendencies set in after the U.S. Consumer Price Index (CPI) print for August arrived 0.2% higher than expected.This, in

3 reasons SOL price is up 30% in 2 weeks — Will Solana’s uptrend continue?

[ad_1] Solana (SOL) ticked higher on Sep. 13, mirroring similar upside moves in the broader cryptocurrency market, led by Bitcoin (BTC) and Ether (ETH).On the daily chart, SOL's price gained over 4% to $39, its best level in 3 weeks. The token's intraday gains came as an extension of a prevailing uptrend that has seen its price gaining 30% in just 2 weeks.SOL/USD daily price chart. Source: TradingViewIn comparison to

Ethereum is eating the world — ‘You only need one internet’ – Cointelegraph Magazine

[ad_1] There’s a version of the future that’s tantalizingly possible in which Ethereum becomes the base layer for pretty much everything.Recent advances in a technology called zero-knowledge Rollups — from StarkWare, Polygon and zkSync — enable the blockchain to move from fewer than 20 transactions per second to… well, an infinite number of TPS.In theory, it would allow the entire world’s financial system to run on Ethereum.“I think it’s theoretically

Bitcoin price sheds $1K in 3 minutes as US CPI inflation overshoots

[ad_1] Bitcoin (BTC) crashed below $22,000 instantly on Sept. 13 after United States inflation data failed to meet estimates. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewCPI print sparks major crypto routData from Cointelegraph Markets Pro and TradingView showed BTC/USD swiftly falling $1,000 after Consumer Price Index (CPI) inflation for August came in at 8.3% year-on-year.The consensus was that 8.1% would be the latest figure, and the overshoot suggested that inflation was not

Huobi Obtains License to Operate in the British Virgin Islands, States There Is No Timetable for Expansion Into the United Kingdom Yet

[ad_1]   Huobi's affiliate Brtuomi Worldwide is one of the first exchanges in the British Overseas Territory to offer compliant crypto derivatives and trading services. In addition, Huobi, a major cryptocurrency exchange, is expanding its worldwide presence by entering the British Virgin Islands, a British Overseas Territory. Huobi stated on Friday that it had obtained an investing company license from the British Virgin Islands Financial Services Commission (FSC). The permission

Starbucks Announces New NFT Utility For Coffee Members

[ad_1] Starbucks The nonfungible tokens, or NFTs, are created on Polygon's proof-of-stake blockchain. Starbucks said on Monday that its U.S. members would be able to earn and purchase digital collectible stamps in the form of nonfungible tokens, or NFTs. Each collectible digital stamp, dubbed "Starbucks Odyssey," will have its ownership validated on the blockchain and will carry a point value depending on its rarity. Members' points will rise as they

What is PAX Gold (PAXG) and how does it work?

[ad_1] In recent years, nonfungible tokens (NFTs), cryptocurrencies and other modern investment options have become trendy. However, physical commodities such as gold are still in high demand. In 2021, the global market capitalization for cryptocurrency surpassed $2 trillion. Now, investors must ask themselves: which option should I choose — crypto or gold?Gold is a commodity that dates back thousands of years as a store of value and as a means