In this article, we will talk about the two most popular coins to help you decide for yourself which is better: bitcoin or ether.
Bitcoin is the first cryptocurrency ever created: since 2009, it has been the first cryptocurrency by market capitalization.
Elon Musk is always in the headlines when it comes to cryptocurrencies. In an interview with Lex Friedman, Musk said that it is not so important to know the identity of the creator of the first crypto, but is far more important to focus on the revolution that cryptos and blockchain started.
2021 has been an important year for cryptocurrencies. In this article published on CNBC, James Ledbetter talks about his predictions for 2022, taking into account what El Salvador did, the highly probable expansion of cryptos in secondary markets, Ethereum’s competitors, the competition among big tech companies, governments’ decisions and volatility.
Emily Chang - host of Bloomberg Technology - meets Sam Bankman-Fried: the CEO of FTX, the popular trading platform, talks about what to expect for the crypto market in 2022, with a focus on regulation.
Despite adversities, El Salvador is continuing to improve its Bitcoin program. After the first crypto became legal tender in the country, El Salvador is now thinking about new solutions to reward Bitcoin investors and increase the number of financial instruments based on the cryptocurrency.
Digital assets are always more involved in the real estate market: thanks to the fintech Milo people - from the U.S. and non-U.S. based - are now able to use Bitcoin as a collateral for their mortgages, and the number of cryptocurrencies available for mortgages may increase.
It’s not the first time Sotheby’s accepts cryptos for an auction, but this time the item is an extremely rare black diamond called “Enigma”. If a crypto bid succeeds, the auction house will use Coinbase to settle the transaction.
Fidelity, a well known asset management and financial services company, released a report where they explain why Bitcoin should be considered as a unique asset: mainly a “monetary good”, it can’t be improved by other cryptos according to the report.
After becoming the first country in the world to adopt Bitcoin as a legal tender, El Salvador is now supporting Bitcoin users trying to face the main challenges brought by this revolutionary decision. For this reason, El Salvador is cooperating with AlphaPoint to relaunch the Chivo wallet and improve stability and scalability.
In September 2021 El Salvador became the first country in the world to introduce Bitcoin as legal tender. Even if not everyone agrees with this move, especially for concerns due to crypto volatility, the country is getting more than one benefit: among the advantages, tourism registered an impressive increase if compared to the levels reached before Bitcoin.
The largest crypto exchange, Binance, is donating $10 million to assist Ukranians: the company announced that these funds will be channeled through international organizations and NGOs.
After the tweets of the Ukrainian government official account, the crypto community replied to their requests donating over $17 million in cryptocurrencies - especially Bitcoin, Ether and USD-pegged stablecoins.
As also FinTech Weekly reported, Ukraine managed to collect over $60 million in crypto donations. The funds were spent not only in food and fuel, but also in military supplies: suppliers have crypto accounts and accept crypto payments, and the whole operation is facilitated by Kuna, the Ukrainian crypto exchange.
Elon Musk said that he won’t sell his cryptos: the billionaire confirmed he owns Bitcoin, Etherer and Dogecoin. Despite the drop in prices, he said that he won’t sell because of the increasing inflation.
Even if Bitcoin is the first cryptocurrency by market capitalization, one of the main concerns around this crypto is energy consumption – BTC is not considered environment-friendly. But Norway, the country that hosts almost 1% of BTC’s hash rate, manages to mine this crypto with renewable energy.
It’s not news that Bitcoin mining – as well as the mining process of other proof-of-work cryptocurrencies – need solutions to become more efficient and enviroment friendly: the MIT Technology Review shows what’s the price paid by communities.
The types of services offered by banks still can’t compete with fintech companies. Even if banks started focusing more on digitalization, it’s also true that they usually offer only digital products related to the management of accounts, while users would like to have access to more complex services like loans online.
Fidelity exploits fintech opportunities not only thanks to the metaverse, but also by expanding its financial services: Fidelity Investments will allow its users to invest part of their savings in Bitcoin.
After El Salvador, the Central African Republic (CAR) is the second country to adopt Bitcoin as legal tender. In El Salvador, this is causing issues like an increased national debt. In CAR, this decision might lead to more serious problems – especially because it can’t be so inclusive in a country where only 10% people have access to the internet.
The popular investor Tim Draper makes predictions about the future of Bitcoin and the role of women. As more retailers accept Bitcoin, women will play a major role in the future of the crypto project – since they control retail spending.
Crypto traders and investors are aware of the decline that hit the crypto market. Despite the hard market downturn, Jamie Dimon – JP Morgan CEO – says that this is just the beginning – especially for assets like Bitcoin, Ether and Cardano.
Binance and its CEO, Changpeng Zhao, addressed the issue with Bitcoin (BTC) withdrawals on Monday. Some minor hardware problems simply delayed transactions, which were broadcasted to the network after the issues with some nodes were solved.
The president of El Salvador, Nayib Bukele, shared with crypto investors his thoughts about the current market downturn. As the president wrote on Twitter, people should just “enjoy life” because downturns are absolutely normal, and Bitcoin will rise again.
Many analysts think that the current crypto market downturn is different from the previous crashes. Why? Because Bitcoin fell, for the first time, below its previous bear cycles.
The British luxury brand, Graff, has sued its insurance company, The Travelers Companies, for refusing to cover a ransom payment in Bitcoin. Graff was attacked by a Russian hacking group, Conti.
Mt. Gox's creditors may finally recover their funds. The Japanese Mt. Gox was the largest Bitcoin exchange, but it went offline in 2014 after the largest bitcoin hack in the crypto history. Will this further affect Bitcoin?
The popular crypto wallet manufacturer, Trezor, and Wasabi, the Bitcoin wallet, cooperate to bring coinjoin mixing to hardware wallets. The news is impressive if we think about the recent sanctions on Tornado Cash, which used similar methods – not only coinjoin but also zero-knowledge proofs – to guarantee full anonymity in crypto transactions.
Blockchain technology and cryptocurrencies became an important part of the fintech industry. Especially for what concerns Gen Z, the demand for cryptocurrencies is quite high, and the reasons behind this are mainly related to pseudonymity or anonymity – depending on the crypto project, decentralization, and a major control over financial assets. But the same generation is also interested in major social and economic issues like climate change. How can the two interests coexist in the same person if Bitcoin consumes more energy than Pakistan? To address this green finance-related question, Tim Lea wrote an in-depth article for FinTech Weekly, analyzing the correlation between consumptions and cryptocurrencies – and the Proof of Stake trend, also considering Ethereum’s transition.
This week the Fed should raise interest rates by 0.75%. Crypto traders and investors expect a rally for those currencies that are currently correlated to the main indexes and that could represent a hedge against inflation.
Fossil fuel still makes up most of the energy sources used to mine Bitcoin. Even if the network behind the first cryptocurrency by market capitalization tried to move to renewable energy, it is still struggling to move to a more sustainable model for Bitcoin.