Cryptocurrency-themed advertising has been growing extremely popular on Telegram, with some ad firms reporting on crypto becoming the most expensive advert type on the platform in 2021. The average cost per 1,000 impressions (CPM) of crypto ads on Telegram in Russia has significantly surged in 2021, posting more than a fourfold increase, according to a report by ad marketplace Telega.in released on Thursday. The CPM of such crypto ads topped at 6,700 Russian rubles ($90) by the end of 2021, becoming the most expensive type of advert on Telega.in’s marketplace, outstripping themes like trading and investments. Crypto ads were also …

Charlie Munger, the ancient vice chairman of Berkshire Hathaway and Warren Buffet’s right hand man, has no issue with providing his honest thoughts on cryptocurrency: He hates it. Speaking at a shareholder’s Q&A session at the annual meeting for LA-based newspaper company, Daily Journal Corp, the 98-year-old investing icon likened crypto to a sexually transmitted disease. "I certainly didn't invest in crypto. I'm proud of the fact that I avoided it. It's like some venereal disease." Munger continued to express his contempt for Bitcoin and other cryptocurrencies, adding, “I wish it had been banned immediately… I admire the Chinese for …

Blockchain-based investing protocol Syndicate claims that 10% of all decentralized autonomous organizations (DAO) in existence have been created on its platform in less than three weeks of operation. Syndicate is a DAO creation platform that has landed investments from A13Z and Coinbase Ventures, among others. The team revealed the development in a Feb. 15 tweet. As of this morning, 10% of *all* DAOs have now been created on @SyndicateDAO. In less than 3 weeks And this is just the beginning. — Syndicate ✺ (@SyndicateDAO) February 14, 2022 Will Papper, co-founder of Syndicate explained to Cointelegraph today that the project had …

Major financial services firm Fidelity International will be listing a Bitcoin exchange-traded product on the SIX Swiss Exchange and Germany’s Xetra digital stock exchange. According to a Tuesday announcement from Deutsche Boerse, a physical Bitcoin exchange-traded product, or ETP, from Fidelity International is now available for trading on the Deutsche Boerse Xetra and Frankfurt Stock Exchange under the ticker FBTC. In addition, the company reportedly said it planned to have the crypto investment vehicle listed on the SIX Swiss Exchange in the coming weeks. Fidelity Digital Assets will act as the custodian for the physically-backed Bitcoin (BTC) ETP, which will …

Warren Buffett's Berkshire Hathaway dumped a portion of its Visa and Mastercard holdings and increased exposure in Nubank, the largest fintech bank in Brazil that's also popular among the country's Bitcoin investors. In a securities filing late Monday, the industrials conglomerate disclosed that it had purchased $1 billion worth of Nubank Class A stock in Q4/2021. On the other hand, it sold $1.8 billion and $1.3 billion worth of Visa and Mastercard stock, respectively, signaling a shift away from credit companies to gain exposure in their fintech rivals. Buffett, the so-called "Oracle of Omaha," is popular for his cautious approach …

Inflows into cryptocurrency investment funds rose sharply last week, with Ether (ETH) products breaking a nine-week spell of outflows in the latest sign that institutional managers were re-accumulating assets. Digital asset investment products registered $75.3 million worth of cumulative inflows last week, data from CoinShares revealed Monday. Bitcoin (BTC) investment products saw $25.1 million worth of inflows, while Ether products attracted $20.9 million worth of capital. Positive inflows were also reported for multi-asset funds with exposure to several cryptocurrencies. Solana (SOL), Polkadot (DOT) and XRP products were also net positive for the week. Crypto asset flows have now risen for …

Bitcoin (BTC) looks ready to fall below $30,000 in the coming months, per a confluence of historically accurate technical indicators brought forth by popular analyst Ari Rudd. The independent market analyst published a thread on Feb. 14, explaining why Bitcoin's ongoing price recovery — from below $33,000 on Jan. 24 to around $42,000 today — might not have strong legs. In doing so, Rudd presented at least three long-term technical setups with extremely bearish outlooks. They are listed as follows: 1. Bitcoin LFG model Rudd's Logarithmic Fractal Growth (LFG) is a Bitcoin price prediction model that relies on BTC's fractals …

It’s been just 13 years since Bitcoin’s (BTC) “Mayflower moment,” when a tiny handful of intrepid travelers chose to turn their back on the Fiat Empire and strike out to a new land of financial self-sovereignty. But, whereas it took 150 years for the American colonists to grow sufficient in number to throw off the yoke of unrepresentative government, the Republic of Bitcoin has gone from Pilgrims to Revolutionary Army in little over a decade. What sort of people are these new Bitcoiners? How do their character, demographics and technical knowledge differ from earlier adopters? Is “Generation Bitcoin” sufficiently prepared …

Bitcoin (BTC) hodlers, a class of crypto investors that hold onto their bitcoin tokens for at least 155 days, have been dumping them lately. The price recovery witnessed in the Bitcoin market across the last two weeks coincided with a rise in hodlers and speculative investors selling their coins, according to data provided by researcher Willy Woo. Nonetheless, BTC's price ability to withstand the selling pressure meant there was buying pressure coming from elsewhere. As Cointelegraph reported earlier this week, so-called Bitcoin whales are accumulating BTC at current price levels. "This selling is contrasted by exchange data showing sophisticated passive …

February is Black History Month, and it’s worth recounting that cryptocurrency and blockchain technology have already had a significant impact on the African-American community. Peoples of color own cryptocurrencies at consistently higher levels than white people, surveys show, while anecdotal evidence suggests crypto has also unleashed a wave of innovation and entrepreneurial energy in the Black community — from New York City’s new mayor converting his first paycheck into crypto to basketball star Kevin Durant launching a new special-purpose acquisition company to focus on cryptocurrencies and blockchain. And all this may just be scratching the surface. “Blockchain has the potential …

Bitcoin (BTC) addresses holding at least 1,000 BTC, the so-called whales, have started accumulating more tokens during the recent market recovery. As of Feb. 10, the total supply in these addresses was 8.096 million BTC versus 7.95 million on Jan. 24, according to data from Coin Metrics. Bitcoin whales and institutional inflows The buying sentiment among the richest crypto investors picked momentum during Bitcoin's recovery in the past two weeks as BTC rebounded from its 2022 low of $33,000 on Jan. 24 to around $43,500 on Feb. 11. Small Bitcoin investors, addresses that hold less than 1 BTC, so-called "fishes," …

El Salvador, the first nation to adopt Bitcoin (BTC) as legal tender, has recently announced the relaunch of its wallet app Chivo, which is supposed to patch the previous version’s stability and scalability issues. The update is welcomed news for the Central American country’s crypto experiment, which faced some hurdles and harsh criticism over the last few months. While much of the observers’ attention has been focused on aspects such as retail adoption of crypto and geopolitical implications of Bitcoin’s legal status in El Salvador, the progress of the nation’s mining industry toward achieving President Bukele’s moonshot vision has been …