Across Poland, an NFT developer’s SIM cards are turning mobile phones into a key that opens up the smart cities of tomorrow. Blockchain developer SmartKey’s Live Objects technology is using non-fungible tokens and the Internet of Things to create a smart technology network that can manage bike sharing systems, read electric meters, and even unlock doors for emergency services workers. Working with the major European mobile service provider Orange in 80 cities across Poland, Live Objects is building a Blockchain Internet of Things (BIoT) to become the infrastructure provider of choice for smart cities of the future. Far from being …

A U.S.-based cryptocurrency exchange is determined to grow into a one-stop shop focused not only on trading cryptocurrencies but on making them actually usable in the real world. With 30 tokens supported and trading in more than 120 markets, CoinZoom offers advanced trading tools for both retail and institutional investors. It is a “complete crypto experience,” according to CEO Todd Crosland. "We offer more than just an avenue for investing in crypto, we make it easy to spend your crypto through our Visa debit card, and send your crypto to friends and family overseas instantly for free through our ZoomMe …

In the realm of digital assets, Crypto Twitter is a major seat of power. Memecoins and serious large-cap assets alike can see their value rise or fall depending on whether the whimsical Twitter crowd decides to pay attention. Huge rallies and dramatic declines often trigger waves of fear, uncertainty and doubt (FUD) or fear of missing out (FOMO) on the platform, capable of massively amplifying the unfolding price dynamics. Granted, it would be convenient if increases in Twitter volume always spelled price hikes — yet, as the facts demonstrate, this relationship is way, way more complicated than that. Tweet volume …

The CEO of a blockchain development company says DeFi has plenty of untapped potential for the global finance sector. Maximilian Schmidt founded CPI Technologies, a business that has helped several hedge funds gain exposure to cryptocurrencies — giving them the capability to hold these coins themselves. This can be achieved without relying on external service providers, and in a fully secure way that’s easily adaptable around a fund’s current circumstances. Schmidt told Cointelegraph: “DeFi is more than a technical gimmick. It reveals one more time the disruptive power of blockchain technology. Banking, insurance, loans, hedge funds, exchanges — just a …

What does a highly volatile asset class offer traders, beyond palpitations and the occasional heart attack? Opportunity. Nicole Wirick of Prosperity Wealth Strategies in Michigan summed it up for Forbes: “Market volatility is a normal part of investing and is to be expected in a portfolio. If markets went straight up, then investing would be easy and we’d all be rich.” And during the decade-long bull market on Wall Street, some participants who should know better appear to have forgotten this, as they’ve become used to steadily-increasing stock prices over a period of years. JPMorgan Chase CEO Jamie Dimon, who …

Crypto traders will take any edge they can get. From fundamental research on long-term prospects to short-term price pumps created by new exchange listings, the 24/7 digital asset market provides opportunities for investors and traders of all stripes. But this week, those traders who incorporate the Cointelegraph Markets Pro VORTECS™ Score into their research had a special reason to celebrate the inherent volatility that makes risk-averse traders cringe… and seasoned crypto pros pop champagne corks. LPT, the Ethereum-based native token of decentralized video streaming network Livepeer, has seen some extraordinary ups and downs over the last three months. Valued at …

Christopher Hui, Hong Kong’s Secretary for Financial Services and the Treasury has defended the recent proposal by the city’s Financial Services and the Treasury Bureau to ban retail crypto trading. In a speech delivered at StartmeupHK virtual fintech summit on Thursday, Hui said that the proposal was in line with the government’s plan to properly police the emerging crypto market. As previously reported by Cointelegraph, the FSTB issued a proposal after months of consultation, calling for a ban on retail crypto trading and the establishment of a strict regulatory regime for cryptocurrency exchanges. As part of the proposal set to …

Crypto-asset trading firm Voyager Digital has announced financial results for the first three months of 2021 — the third quarter of its fiscal year — and they are impressive. The retail crypto trading and yield platform reported another record quarter, with momentum continuing into the current quarter. Total revenue for the period came in at $60.4 million, a more than 16x increase from $3.6 million over the previous quarter. The company ended the quarter with an operating profit of $30 million and an adjusted working capital of $197 million. It was the firm’s first-ever quarter of operating profit, Voyager said …

Data shows that AAVE and Polygon (MATIC) traders are currently being paid up to 4.3% per week to long future contracts. In the crypto markets, traders are usually bullish, or at least the majority of retail investors are. This causes an interesting phenomenon as it incentives arbitrage desks and whales to sell futures contracts while simultaneously buying on regular spot exchanges. The above chart shows the incredible 240% gain accumulated in 2021 as crypto reached a $2.58 trillion total capitalization on May 11. The 53% correction that followed over the next week led to a $1.3 trillion bottom, decimating $32 …

In the aftermath of the Mid-May crypto market sell-off, gold has seen significant price recovery. Gold prices continued to inch higher on Tuesday, hitting $1,887 per ounce at 3:00 am EDT, according to data from TradingView. Last week, gold reached its highest price level since Jan. 8 at $1,889, marking a four-month high after gold prices dipped to $1,681 in early March. At the time of writing, spot gold is trading at $1,882, up around 0.1% over the past 24 hours. The accelerated growth of the gold market came along with a major downturn in cryptocurrency markets that started on …

Bitcoin may be suffering through a succession of negative news stories, but some crypto investors are still celebrating major gains in 2021’s altcoin bull market. Since January 3 this year, Cointelegraph Markets Pro has been live-testing 42 separate automated strategies based on the proprietary VORTECS™ algorithm developed in partnership with The TIE, a data analytics firm. Let’s not be humble about this: VORTECS™ has crushed it. Of those 42 strategies, every single one has beaten the return on investment (ROI) delivered by Bitcoin for hodlers who refuse to part with their BTC. And even when compared to holding an evenly-weighted …

May 19's price crash in the Bitcoin (BTC) spot market wiped about $7.56 billion worth of long-leveraged positions from cryptocurrency derivatives markets. The event marked the biggest bullish leverage wipeout since March 2020. Retail and institutional investors borrowed from leading exchanges to amplify their potential returns. But a sudden reversal in Bitcoin spot rates, reportedly led by Elon Musk's anti-Bitcoin tweets over the weekend and fueled by China's reiteration of a ban on crypto transactions, blew up bulls' leverage ratios. That led to a so-called liquidity cascade in the derivatives market. In traditional markets, investors use cash as collateral to …