Cointelegraph

100 million people now use crypto: study

One hundred million people around the world are now holding bitcoin and other blockchain-based assets, according to the Cambridge Centre for Alternative Finance. In 2018, the 2nd Global Cryptoasset Benchmarking Study estimated the number of identity-verified crypto users was approximately 35 million globally. As of…

Police summon Bithumb boss for questioning

The chairman of a South Korean crypto exchange has been summoned by police for interrogation, Cointelegraph reports, citing state-run news agency Yonhap. The Seoul Metropolitan Police Agency wants to talk to Lee Jung-hoon, chairman of the board at Bithumb Korea and Bithumb Holdings, which are…

Bitcoin ready to take run at $100K: PlanB

PlanB, the creator of the (so far) uncannily accurate stock-to-flow (S2F) price model, says bitcoin is about to take a run at his $100,000 price target. In a tweet on Monday, the quant analyst pointed to growing indications that BTC/USD is revving its engine. Referring…

‘DeFi will outperform bitcoin in next five years’

DeFi is more likely to grow 100X over the next five years than bitcoin, according to Dan Morehead, CEO and founder at investment firm Pantera Capital. In a recent YouTube interview with Cointelegraph, Morehead said Pantera’s altcoin funds performed poorly in 2019, but the situation…

Struggling bitcoin’s hashrate soars

If it’s true that bitcoin’s price follows its hashrate, as Max Keiser and many other analysts contend, the leading crypto, which has decreased in value by $2,000 in the past few days, might not be in the doldrums for much longer. The network’s hashrate has…

Police raid Seoul crypto exchange

Police have raided Bithumb, the largest cryptocurrency exchange in South Korea, for the second time, according to Cointelegraph, which cited a Seoul Shinmun report. The Seoul Metropolitan Police Agency conducted additional search and seizure checks at Bithumb’s headquarters in the Gangnam District on September 7.…

Japanese firm to set up blockchain stock exchange

SBI Holdings, a Japanese financial giant and a major blockchain-focused institution, is setting up a blockchain-based digital stock exchange, Cointelegraph reports. Yoshitaka Kitao, president and CEO at SBI Holdings, announced the company’s plans to collaborate with Osaka Prefecture to establish a new global financial hub.…

DeFi cryptos gain serious traction

Decentralized finance (DeFi) projects have been gaining some serious market traction over the past few months, collectively reaching a value of $9.02 billion. Aave continues to be the largest DeFi project, with $1.71 billion locked in, followed by MakerDAO with $1.43 billion, Balancer at $1.36…

Japan seizes exchange hack crypto

The Tokyo District Court ordered the seizure of $46,000 worth of bitcoin related to a hack of the Coincheck exchange in 2018, Cointelegrah reported, citing local outlet Kyodo. It was the first time Japan’s authorities have seized cryptocurrency. Police said the bitcoin was held by…

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