The world’s largest cryptocurrency Bitcoin (BTC) has been trading for under $20,000 for a while now. As of press time, BTC is trading at $19,887 with a market cap of $380 billion. As per the latest development, a Bitcoin whale address has become active for the first time in nine years and moved 5,000 Bitcoins worth $100 million to crypto exchange Kraken.
Cointelegraph senior reporter Rachel Wolfson spent a day exploring NFT NYC 2022 to learn about emerging nonfungible token projects,or NFTs, and how the sector may advance. A recent market report published by Verified Market Research (VMR) predicts that the NFT market could reach a value of $230 billion by 2030. NFT NYC 2022 certainly demonstrated the potential of the NFT sector, highlighting some of the most promising use cases and industry experts.
Bitcoin mining operations’ censure over its ESG concerns never ceases to exist. To make things worse, the mining industry suffered a major decline in 2022 amid the ongoing cryptocurrency winter. Following this, many big crypto-miners opted to sell their BTC holdings.
U.S. Representative Brad Sherman says Congress has not banned crypto because “there’s too much money and power behind it.” He elaborated: “Money for lobbying and money for campaign contributions works, or people wouldn’t do it, and that’s why we haven’t banned crypto.”
On September 2, the crypto market aggregation web portal Coingecko.com published a study that identifies the top ten states in America that are most interested in the two leading digital currencies, bitcoin and ethereum. The team leveraged Coingecko’s page traffic data and found that California captures 43% of the traffic visiting the site’s bitcoin and ethereum web pages.
The International Monetary Fund (IMF) says that collaboration between central banks and crypto technology could create an innovative and efficient monetary ecosystem.