Cryptocurrency investments in Indonesia have seen considerable growth between 2020-2022, with 4% of the country’s population having invested in crypto. In 2021, crypto transaction volumes surpassed $34 billion, according to Indonesia’s Commodity Futures Trading Regulatory Agency. This growth has formed a new mindset toward crypto investment, especially in the mainstream media. One example of cryptocurrencies’ growing appeal in the mainstream is the participation of Indonesian celebrities and influencers. Crypto adoption among celebrities Celebrities and influencers in Indonesia seem to have become much more involved in Indonesia’s crypto investment industry since 2021. Many have become brand ambassadors for exchanges and crypto …

Crypto is the next big thing in Indonesia. According to the Ministry of Trade, transactions for currencies like Bitcoin (BTC) grew over 14 times from a total of 60 trillion rupiahs ($4.1 billion) in 2020 to a total of 859 trillion rupiahs ($59.83 billion) in 2021. It’s getting to the point where crypto is becoming more popular than traditional stock. Vice Minister of Trade Jerry Sambuaga stated that more than 11 million Indonesians bought or sold crypto in 2021. In comparison, according to the Indonesian Central Securities Depository, the total number of portfolio investors — indicated by the number of …

Investing in cryptocurrencies and digital assets is now easier than ever before. Online brokers, centralized exchanges and even decentralized exchanges give investors the flexibility to buy and sell tokens without going through a traditional financial institution and the hefty fees and commissions that come along with them. Cryptocurrencies were designed to operate in a decentralized manner. This means that while they’re an innovative avenue for global peer-to-peer value transfers, there are no trusted authorities involved that can guarantee the security of your assets. Your losses are your responsibility once you take your digital assets into custody. Here we’ll explore some …

It’s no secret that China has a clear disdain for all things crypto, as was highlighted last year when the country decided to ban its digital asset industry in its entirety. That said, one niche related to the crypto industry that has continued to thrive in the region despite the ban is its nonfungible token (NFT) market. However, with certain negative developments coming to the forefront recently, this may not be the case much longer. In this regard, many local social media platforms and internet firms have continued to update their policies so as to restrict and, in some cases, …

Nonfungible tokens (NFT) continue to make waves in mainstream media, with projects such as “Bored Ape Yacht Club” no more pertinent an example of the potential of the space. Some of the biggest names in Hollywood are proud owners of Bored Ape NFT avatars, which has no doubt driven interest and prices for Bored Ape NFTs. The success of the “Bored Ape Yacht Club” (BAYC) NFT collection sparked the creation of an NFT ecosystem powered by its proprietary ApeCoin token, which has seen significant gains in recent weeks. Before we delve into the ApeCoin-powered universe that is coming to fruition, …

Rebase tokens are a type of cryptocurrency that adjusts their circulating supply in response to price fluctuation. This can be done via burning or minting tokens via the network to ensure price stability without affecting the value of a user’s holdings. These tokens exist as a way to avoid crypto price volatility while still offering the benefits of cryptocurrencies, such as decentralization and global use. However, they have several key failings. For one, rebase tokens require active expansion of the protocol's treasury in order to remain profitable. This causes some protocols to pursue irresponsible lending models, which, while profitable, incite …

Austria has been actively transforming into an attractive location for providers of blockchain-based products, with the government itself experimenting with the technology and trying to create a legal basis upon which companies can use it. With regard to blockchain-based applications in the economy, however, Austria is still in the experimental phase, with most firms still running pilot projects. Still, politicians and economists alike see potential for select industries. Public administration reform via blockchain The Austrian government is quite open to blockchain innovations, cryptocurrencies aside, and has supported various projects in the public and private sectors. In 2019, a consortium of …

Many of the blockchains in use today are public, offering complete transparency and requiring smart contracts, each of which operates in a centralized manner. Unfortunately, these same chains are often subject to outages, hard forks and delayed processing, not to mention a lack of security and role definition necessary in conducting business transactions. For this reason, the permissioned blockchain has risen as a solution to control the activities on a given network. With a permissioned blockchain, not everyone is permitted to join the blockchain. Instead, participants must be granted special permission from the network’s owner. The result is a blockchain …

Since their explosion last year, nonfungible tokens (NFTs) have shown their appeal to collectors, investors and traders alike. They have especially gained attention in the art world, where an item’s provenance is everything, and owning the official, unique version of an item is much more valuable than a copy or duplicate. Some have postulated that artists creating and storing pieces on-chain can use the technology as proof of ownership for popular art forms. Among the various artforms to take advantage of NFTs, photography has also found its place, but what is the immediate value it brings for artists and consumers? …

What is an NFT? NFTs are nonfungible tokens. The adjective “nonfungible” is often used in economics to represent features such as uniqueness and non-interchangeability. In the crypto space, nonfungibility simply indicates that one item cannot be exchanged for another. A “token” as a unit of account is basically a certificate of validity stored on the decentralized blockchain, making digital assets traceable and accessible to everyone. As a result, NFTs are a one-of-a-kind virtual currency that can fall into pretty much any category and usually take the shape of paintings, videos, music, collectible items in video games or any other type …

Blockchain technology is simple to understand at a basic level, existing as a shared database, where different devices distributed across the network must verify the entries posted. As a result, blockchain is most well-known for decentralization, anonymity and security, all of which are evident in the first cryptocurrency, Bitcoin (BTC). While many are quick to associate Bitcoin with blockchain, this is only one of the possible use cases for the technology. One of the most notable use cases right now is the music industry, where creators have gained new opportunities to connect with their fans directly, further eliminating the need …

“The Market Report” with Cointelegraph is live right now. On this week’s show, Cointelegraph’s resident experts discuss which are the top coins to buy in a bear market. But first, market expert Marcel Pechman carefully examines the Bitcoin (BTC) and Ether (ETH) markets. Are the current market conditions bullish or bearish? What is the outlook for the next few months? Pechman is here to break it down. Next up, the main event. Join Cointelegraph analysts Benton Yaun, Jordan Finneseth and Sam Bourgi as they debate which are the top coins to buy in a bear market. Going up first will …