Finance

final verdict When it comes to the best free savings accounts, you want an account that charges a low fee while earning a high APY – and ideally it comes with a few extra bells and whistles that also encourage you to save more. Ally Bank’s online savings account has it all, which is why…

Pavel Durov, the founder of encrypted messaging application Telegram, has floated the idea of a marketplace that could utilize “NFT-like smart contracts” to auction highly-sought after usernames. Durov made the suggestion after the “success” of domain name auctions by The Open Network (TON), a layer-1 blockchain originally designed by the Telegram team. The blockchain project…

What was the Emergency Banking Act of 1933? The Emergency Banking Act of 1933 was a bill passed in the midst of the Great Depression that took steps to stabilize and restore confidence in the American banking system. It came in the wake of a series of bank runs following the stock market crash of…

What is a debt buyback offer? A debt takeover bid occurs when a company redeems some or all of its outstanding bonds or other debt securities. This is accomplished by making an offer to its creditors to buy back a predetermined number of bonds at a specified price and for a specified period of time….

Bitcoin (BTC) hodlers are feeling the squeeze this week as repeated tests of lower levels spark increasing losses. Data from on-chain analytics firm Glassnode shows more wallets are in the red as of Aug. 23 than at any time in the past month. Over 17.5 million wallets in the red BTC/USD has seen five trips…

Bitcoin (BTC) first drew attention to the proof-of-work (PoW) consensus algorithm, a process that demonstrated users could maintain a secure, decentralized blockchain if only at the expense of large amounts of energy. As history would have it, Bitcoin grew in popularity and faced trouble scaling to accommodate the sheer number of transactions needed. Recognizing the…

Bitcoin (BTC), the world’s most-valued cryptocurrencyhas the potential to be a significant energy consumer in the future, but only if it reaches several million dollars, according to new estimates by Arcane Research. Crypto research and analytics firm Arcane Research on Monday released a report estimating the development in Bitcoin’s energy usage toward 2040. Authored by…

Kathy Kraninger, former director of the United States Consumer Financial Protection Bureau, or CFPB, said while many in crypto have complained about the lack of regulatory clarity in the country, the legal gray area has afforded the industry opportunities. Speaking to Cointelegraph, Kraninger said Congressional action on dividing the roles of different regulatory agencies —…

On this week’s “The Market Report” show, Cointelegraph’s resident experts discuss some of the main factors that contributed to the collapse of this bear market rally. To kick things off, we broke down the latest news in the markets this week Bitcoin (BTC) to lose $21K despite miners’ capitulation exit? Five things to know in…