Imagine the following scenario: Sometime in 2021, financial regulators declare that all stablecoin owners must be verified. What would happen to the cryptocurrency ecosystem? Right now, a large chunk of stablecoin usage is pseudonymous. That is, you or I can hold $20,000 worth of tether or USD coin stablecoins in an unhosted wallet (i.e., not on an exchange) without having to provide our identities to either […]
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In retrospect, it was inevitable: A team of blockchain developers has forked GitHub and come up with a system for collaborating on open source software. There’s even a decentralized finance (DeFi) twist. Announced Thursday, Radicle, a fully decentralized code repository, has raised $12 million in funding, integrated its peer-to-peer network with Ethereum and launched the RAD governance token. The funding round was led by NFX and […]
Every asset that moves fast attracts the B-word. But what the last few decades of research in finance has taught us is that it’s not so easy to spot financial bubbles, at least not until after they collapse. The very fact that we don’t have “successful” bubbles tells us that our definition of bubbles is backward-looking, excluding once-lofty assets that actually made it. Joakim Book is […]
The Swiss canton of Zug has started accepting tax payments in cryptocurrency. In a previous announcement in 2020, the Swiss authorities said that, from February, citizens and companies based in Zug will be able to pay up to 100,000 CHF (around $111,300) of their taxes in either bitcoin or ether. No partial payments in cryptocurrency will be accepted. Zug has been dubbed “Crypto Valley” over the […]
The sale gives Christie’s a chance to “dip its toes” in crypto, said a New York representative. Source link
Online brokerage app Robinhood says it plans to enable withdrawals and deposits of cryptocurrencies including dogecoin. In a tweet Wednesday, the app provider said it “fully intends” to provide the extra functionality, though not date is provided for when it might be activated. Currently, traders can only buy and sell crypto assets within the app, according to its support page. The tweet came an hour before […]
The Secret Network, a protocol focused on privacy for decentralized finance (DeFi), has launched SecretSwap, a front-running resistant and cross-chain decentralized exchange. It is now live on the Secret Network mainnet. SecretSwap uses the SNIP-20 secret token standard and Secret Ethereum bridge. “SecretSwap is the first front-running resistant, cross-chain [automated market maker]. Its architecture (being based on Secret Network) gives SecretSwap usability advantages, protects users from […]
The new venture is expected to increase revenue and “optimize” its product offering structure. Source link
Bitcoin broke above $52,000 Wednesday, with a market capitalization nearing $1 trillion. Bitcoin (BTC) trading around $52,231.69 as of 21:00 UTC (4 p.m. ET). Gaining 7.16% over the previous 24 hours. Bitcoin’s 24-hour range: $48,430.80-$52,536.47 (CoinDesk 20) BTC trades above its 10-hour and 50-hour averages on the hourly chart, a bullish signal for market technicians. Bitcoin trading on Bitstamp since Feb. 15. Source: TradingView Bitcoin trading […]
Nothing says 2021 like dogecoin, a dog-themed cryptocurrency that has recently skyrocketed in value, thanks in part to the support of Elon Musk and other celebrities. For a time it was the 10th largest cryptocurrency. Dogecoin finished 2020 at less than half a penny per DOGE, according to CoinDesk’s dogecoin price index. It now trades at or above 5 cents, putting its year-to-date returns at around […]
At 6:00 UTC Thursday, the Stargate upgrade of Cosmos will go live. The Cosmos community recommends that interested observers follow along by watching the @cosmos account on Twitter. Stargate represents an important milestone for the Cosmos project on the way to launching its inter-blockchain communication (IBC) protocol that will allow the 200+ Tendermint-based blockchains to interoperate easily. The era of cross-pollinating blockchains is very nearly here. […]
U.S. lawmakers are set to question a trader named Keith Gill and the chief executives of Reddit and Robinhood about their roles in the GameStop frenzy at a congressional hearing later this week. But some have another concern: whether China is involved. Several Republican lawmakers on the House Financial Services Committee plan to examine Reddit’s ties to Chinese tech conglomerate Tencent and Robinhood rival Moomoo, according […]
Blockchain.com said the institutional backing will power an increasingly institutional-minded business. Source link
The world’s oldest central bank, Sweden’s Riksbank, is to extend its pilot project for a potential central bank digital currency (CBDC) for another 12 months. According to a press release on Friday, the project, which is being carried out with assistance from professional services firm Accenture, will run until February 2022. The Riksbank said it would continue developing a technical solution for a central bank-issued e-krona […]
The head of the St. Louis Federal Reserve believes bitcoin does not pose a threat to the U.S. dollar’s status as the global reserve currency. In an interview with CNBC on Tuesday, James Bullard said the Fed’s policy focus will remain fixed on a global dollar economy “as far as the eye could see.” “Whether the gold price goes up or down or the bitcoin price […]
Christie’s is partnering with digital marketplace MakersPlace to auction the work of a renowned crypto artist. Source link
Bitcoin alcanzó un nuevo valor máximo al superar los $50.000 esta mañana, después de haber desplazado el exceso de apalancamiento alcista en el mercado de derivados con una rápida caída del precio el lunes. Por un breve momento, y durante las primeras horas de trading en Nueva York, bitcoin superó por primera vez los $50.000. El lunes, los valores de bitcoin habían caído $3.000 hasta situarse […]
The Ontario Securities Commission (OSC) has approved Canada’s second bitcoin exchange-traded fund (ETF). Evolve’s bitcoin ETF was conditionally approved on Tuesday to trade on the Toronto Stock Exchange, the company announced in a press release. “Evolve was the first to file for a bitcoin ETF in the U.S.,” said James Seyffart, ETF research analyst at Bloomberg Intelligence. “It’s a promising sign if there are no issues […]
Basketball players, pop singers and now high-end vinyl toys – lots of different groups are trying out non-fungible tokens (NFTs) on Ethereum as a new way to monetize. Superplastic is a company that makes artistic vinyl toys for the collectibles market. It’s debuting two new figures on the Winklevoss-owned Nifty Gateway, from Guggimon and Janky, two artists with strong Instagram followings. We might be seeing fresh […]
South Korean internet giant Kakao’s blockchain arm Ground X is now storing and verifying unlisted investments as nonfungible tokens (NFTs) on its public blockchain. Unlisted investments are shares of startups that are offered to investors for purchase prior to a public offering. Since these securities are not listed on formal markets, they are traded over the counter (OTC). South Korea’s OTC trading market is growing: the […]
SBI Holdings, a Japanese financial services firm, is to lead an ongoing strategic fundraising round for Swiss digital asset bank Sygnum. Sygnum, which holds a Swiss banking license, said Tuesday it has secured an “eight-figure” U.S. dollar investment from SBI’s subsidiary, SBI Digital Asset Holdings, which will be used to help the firm grow its client base and expand into new markets across Europe and Asia. […]
Bitcoin’s march onto corporate balance sheets could be hampered by the crypto’s legendary volatility, according to a survey by Gartner released Tuesday that found only 5% of business executives intended to invest in bitcoin as a corporate asset this year. Source link
Bitcoin faced choppy markets for most of Tuesday after briefly trading above $50,000 for the first time during early U.S. trading hours. With some remaining bullish, other analysts and traders warned about near-term price correction. Bitcoin (BTC) trading around 48,810.95 as of 21:00 UTC (4 p.m. ET). Gaining 0.39% over the previous 24 hours. Bitcoin’s 24-hour range: $47,088.84-$50,584.85 (CoinDesk 20) BTC between its 10-hour and 50-hour […]
Bitcoin mining farms in Texas have gone offline because of a massive winter storm that drained the state’s power grid. While some mining farms have stopped operations due to power outages, others are selling electricity back to the grid at a premium, said Ethan Vera, co-founder of Luxor Tech, which is a U.S.-based crypto mining company. Most mining farms are offline, Vera said. Due to the […]
Android versions of popular cryptocurrency app Bitcoin Ticker Widget and a seeming clone of Steemit, Steemit Earn Money, included software development kit (SDK) tools that extract extensive data on users in the past and are potentially linked to location tracking code from X-Mode a notorious data tracking company, according to a new report from Express VPN Digital Security Lab. Two other personal finance apps also have […]
There’s been renewed interest in bitcoin exchange-traded funds (ETFs) with the nomination of Gary Gensler to head the Securities and Exchange Commission and the approval of a true Canadian bitcoin ETF. Whether one gets approved in the U.S. is still unclear. You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions. When ETF? […]
Osprey Fund’s bitcoin trust is now available to retail investors via the over-the-counter (OTC) market, the company announced Tuesday. The fund was formed two years ago, and Osprey applied to register the trust with the U.S. Securities and Exchange Commission (SEC) in the middle of last year, said Osprey CEO Greg King. It joins a crop of new bitcoin funds aimed squarely at the market-leading Grayscale […]
The U.S. Securities and Exchange Commission (SEC) and Ripple said Monday that there’s little chance of settlement ahead of the expected trial of the blockchain payments firm over alleged securities infractions. In a discovery letter addressed to Federal Judge Analisa Torres at the U.S. District Court for the Southern District of New York, the parties said that having previously discussed the matter, they “do not believe […]
Bitcoin printed new lifetime highs near $50,000 this morning, having crowded out excess bullish leverage in the derivatives market with a swift price drop on Monday. The top cryptocurrency by market value clocked a record high of $49,950.93 at around 08:00 UTC Tuesday and was last seen trading near $49,280, representing a 2.8% gain on the day, according to CoinDesk 20 data. Prices had fallen Monday […]
In this episode, Anna Baydakova and Danny Nelson discuss North Korea reportedly stealing your crypto to create nuclear weapons, Tesla rattling markets at an opportune time and Nigeria trying to ban crypto. Starting Feb. 12, in the Chinese calendar, we are in the year of the ox, or bull; at least for now, things are looking quite bullish for crypto. Usually, Chinese users would massively sell […]
Hong Kong’s plan to restrict cryptocurrency investment to professionals means retail investors could move to unlicensed venues, said Global Digital Finance. Source link
The U.S. House Committee on Financial Services hearing will investigate issues around the recent trading surge for shares of GameStop and other companies. Source link
Despite bitcoin’s rapid $3,000 fall from new record highs seen Sunday, institutions seem confident about the cryptocurrency’s long-term prospects. The cryptocurrency dropped to $47,790 earlier on Monday, after just failing to pass the psychological hurdle of $50,000 over the weekend. So far, however, are there are few signs of preparations for deeper losses in the options market. “There is still an absence of any institutional long-term […]
Bitcoin has fully pared losses from Sunday’s dip as the leading cryptocurrency fell from around $48,600 to below $46,000 early Monday morning. As of 21:00 UTC (4 p.m. ET), bitcoin was trading above $48,600 on Coinbase. But the leading cryptocurrency still has yet to trade above the psychologically significant $50,000 mark. Much of bitcoin’s choppy price action and its recent dip could be attributed to futures […]
As another wave of major financial institutions announce bitcoin plans, it’s getting harder for the MSM to simply print the same old FUD. This episode is sponsored by Nexo.io. Today on the Brief: A follow-up on celebrity in crypto Dapper Labs and BlockFi raising at multibillion dollar valuations Cathie Wood and ARK increase their bitcoin position Our main discussion looks at the latest institutional bitcoin news: […]
Australia’s blockchain and cryptocurrency companies need more support from the federal government and regulators to boost confidence within the country’s business sector, according to Steve Vallas, CEO of advocacy body Blockchain Australia. Speaking at the Senate Select Committee on Financial Technology and Regulatory Technology on Thursday, Vallas said Australia has a blockchain “base” from which it can accelerate development and that his organization is now “signaling” […]
Is it wasteful to use electricity mining bitcoin? As the Biden Administration settles into power with an ambitious agenda around clean energy, notably promising to eliminate carbon emissions from the US power generation sector by 2035, the question of bitcoin mining and it’s ever-growing use of energy bubbles up once more. In this episode of ‘On Purpose, With Tyrone Ross,’ Harry Sudock, VP of strategy at […]
Asset management firms Alpha Innovations and Arcanum Capital have launched a $10 million venture capital fund focused on driving blockchain innovation in emerging markets. The Arcanum Emerging Technologies Fund is to be the first of a series, with an initial close expected in late February, according to a company statement. The fund will provide seed and series A financing to blockchain firms in emerging markets, the […]
Thailand’s Securities and Exchange Commission (SEC) will conduct a public hearing this month to gauge what qualifications should be imposed on retail investors opening new cryptocurrency trading accounts. According to a report by the Bangkok Post on Sunday, the regulator is concerned for investor safety amid the recent meteoric rise in cryptocurrency prices and the resulting flood of sign-ups to local exchanges. The regulator aims to […]
Bitcoin saw a significant drop early on Monday, soon after it had looked primed for a convincing move above $50,000. The top cryptocurrency slipped from nearly $49,000 to $45,926 during the early Asian hours and was last seen changing hands near $47,790 – down 1.8% on the day, according to CoinDesk 20 data. The decline surprised many investors, as a notable all-time high milestone had looked […]
SBI Holdings, a major Japanese financial services firm, is currently in discussions with foreign financial firms to establish a cryptocurrency joint venture. SBI’s founder and CEO Yoshitaka Kitao said his firm would “definitely” turn the venture into a core earner for SBI, while adding his firm is considering large scale mergers and acquisitions (MA). While Kitao noted at least two deals were on the table for […]
An Ava Labs engineer gave a rundown of the small code bug that severely crippled the Avalanche blockchain last week. In a Sunday Medium post, blockchain engineer Patrick O’Grady wrote that increased congestion on the network triggered a “non-deterministic bug” related to how the high-throughput, proof-of-stake blockchain keeps track of transactions. Funds were never at risk, O’Grady notes, though the high-profile misstep has a valuable lesson […]
Dogecoin is not a cryptocurrency you would expect to read about much in this column since it is not exactly an “institutional grade” asset. It has a market cap of over $8 billion at time of writing (less than 1/100th of bitcoin’s), no unique use case and no lively derivatives market. But bear with me while I explain why it embodies two key themes impacting institutional […]
Decentralized trading platform Synthetix has raised $12 million from venture capital firms Coinbase Ventures, Paradigm and IOSG. The raise looks to be a rare occurrence of VCs investing through the purchase of a platform’s native token directly from its treasury rather than wiring funds to its founders. Synthetix is run by a DAO, or a decentralized automatic organization, a way for a project to govern itself […]
A reading of Nic Carter’s latest essay for CoinDesk on the inappropriateness of comparing the energy consumption of bitcoin and Visa transactions. Source link
The record comes as traders analysts have described institutional investors’ interest in bitcoin as growing “at a staggering pace.” Source link
Editor’s Note: Happy Chinese Lunar New Year! First Mover will not publish on Monday, February 15, which is Presidents’ Day in the U.S. Cryptocurrency markets will be open, as they always are. Price Point Bitcoin (BTC) was lower, after pushing early Friday to an all-time high price of $48,925, based on CoinDesk pricing. Market activity was quiet due to the Lunar New Year celebrations across Asia […]
Dapper Labs, responsible for high-flying digital collectables such as NBA Top Shots and CryptoKitties, is raising funds that should net the firm more than $250 million at a valuation of about $2 billion, according to The Block, which cited sources familiar with the deal. Source link
Decentralized finance protocols (DeFi) Cream Finance and Alpha Finance were victims of one of the largest flash loan attacks ever Saturday morning resulting in a loss of funds totaling $37.5 million, according to transaction details on Etherscan. Two hours later Cream said its contracts were “functioning as normal” and markets had been enabled. Alpha Finance then posted its own announcement, saying its Alpha Homora V2 product […]
Morgan Stanley already has a nearly 11% stake in the bitcoin-laden business intelligence company MicroStrategy. Source link
A recap of a swath of news about corporate players coming into the crypto space, and why it could change the landscape of regulation. This episode is sponsored by Nexo.io. On this edition of the weekly recap, NLW breaks down the entrance of corporates into the crypto space this week, including: He also argues that more corporate actors investing in bitcoin and crypto makes it significantly […]
Seven female coders from Iran got scholarships and graduated from a bootcamp of ConsenSys Academy, Ethereum startup incubator’s educational branch. The scholarships, a part of ConsenSys’ global program to help developers start coding on the Ethereum blockchain, might provide additional opportunities for people in the country largely cut off from the international tech community. Women account for 70% of university graduates in science, technology, engineering and […]
Mike Hearn, the lead platform engineer at enterprise blockchain builder R3, is stepping down from his role at the company, CoinDesk has learned. Hearn will stay on at R3, but only in the capacity of a technical adviser, according to a memo sent to company staff Friday. Hearn has long harbored ambitions to broaden his range and start new projects, the memo said. “Mike’s plans include […]
With bitcoin slipping after hitting a new all-time high around $49K and Canadian regulators approving a bitcoin ETF, CoinDesk’s Market Daily is back with the latest news roundup. Add Markets Daily to your Alexa Flash Briefing here. This episode is sponsored by Nexo.io. ByteTree’s Charlie Morris shows how bitcoin’s price gets to $1 million by 2032. PLUS: JPMorgan hounded by own traders over absence in bitcoin […]
Editor’s Note: Welcome to the year of the Ox. Blockchain Bites will not publish on President’s Day, Monday, Feb. 15. Three stories Bull market buzz The first bitcoin exchange-traded fund in North America has been approved by Canada’s securities regulator, a move some commenters see as opening the door for the U.S. to follow. The U.S. government has been hesitant to approve a bitcoin ETF product, […]
Welcome to Money Reimagined. Well, this past week felt historic. As bitcoin surged to all-time highs and found its way into TV studios and onto newspaper front pages, it felt like we’d crossed the chasm and gone mainstream. This happened in predictably weird and wild ways, with memes and attention-grabbing stunts – as discussed in the column below. Regardless, it seemed like no one could stop […]
MicroStrategy is moving to assemble a blockchain analytics team. It would be the first bitcoin-related software product from a company best known for CEO Michael Saylor’s whopping bet on BTC as a reserve asset. The firm, based in Tysons Corner, Va., put out calls on LinkedIn Friday for a Blockchain Data Analyst and Blockchain Data Engineer, explaining in job postings they will join a team “building […]
Deutsche Bank has joined the growing ranks of large financial institutions exploring cryptocurrency custody, with aspirations to offer high-touch services to hedge funds that invest in the asset class. The Deutsche Bank Digital Asset Custody prototype aims to develop “a fully integrated custody platform for institutional clients and their digital assets providing seamless connectivity to the broader cryptocurrency ecosystem,” according to a little-noticed report by the […]
Cathie Wood’s ARK Investment Management increased its holdings of the Grayscale Bitcoin Investment Trust (GBTC) by 2.14 million shares in the fourth quarter of 2020, bringing its holdings of the market-leading institutional bitcoin investment vehicle to 7.31 million shares. Source link
It will take 21 years for the rest of the world to mine as much of the Chia (XCH) cryptocurrency as the company behind it will have on the day its mainnet launches next month. “We believe that chia, a new digital currency built on our new blockchain with radically different features and security than other digital currencies, will ultimately deliver on the promises of ‘magic […]
The price of bitcoin struggled to regain $49,000 Friday, continuing to bounce between $48,000 and $46,000 heading into the weekend. As bitcoin contemplated which way to go, ether made a new all-time high above $1,850. Much of bitcoin’s choppy price action could be attributed to futures deleveraging as eager bulls piled into long trades expecting a swift breakout to $50,000 or higher. Funding rates for perpetual […]
Hip-hop mogul Sean Carter and Jack Dorsey are putting 500 BTC in a blind trust. This episode is sponsored by Nexo.io. On today’s episode, NLW breaks down: The Miami Commissioners vote to start educating people about bitcoin and crypto The Nigerian Senate debate following the Central Bank of Nigeria’s recent crypto ban Why Jay-Z and Jack Dorsey’s bitcoin trust matters NLW argues the relationship between the […]
Apple Pay functionality will allow cardholders to make purchases in store and online using the crypto held in their BitPay wallet. Source link
The founder of “Joker’s Stash,” one of the largest underground marketplaces for stolen payment card data, is officially retiring after making a fortune of over $1 billion, reports Elliptic, a U.K.-based blockchain analytics firm. According to an Elliptic blog post, the site’s pseudonymous founder, JokerStash, said the site will cease operations on Feb. 15. Joker’s Stash was founded in 2014 and quickly rose to prominence. “The […]
Miami’s city commissioners tapped the brakes on Mayor Francis Suarez’s headlong rush to make the city a cryptocurrency haven, voting Thursday night to study the use of crypto before allowing residents to use it to pay for services or giving city workers the option to to get paid in it, according to a report in the Miami Herald. Source link
Gaming developers have begun integrating Bitcoin’s Lightning Network into their own games and existing titles to provide players with bitcoin payouts. The Lightning Network is a payment protocol that facilitates fast, near-feeless transactions on a network that operates with different rules than Bitcoin’s primary network. This in-game rewards economy offers everyday gamers a “stake” in the game and an opportunity to monetize their hobby, a privilege […]
PayPal could be to central bank digital currencies (CBDCs) what private banks are to physical dollars. The company’s CEO, Dan Schulman, laid out a vision during its investor day on Thursday for PayPal’s digital wallets being the means by which central banks distributed CBDCs to consumers across income levels. “You think about how many [digital wallets] we’re going to have in the next two, three or […]
In an environment that is proving less secure over time, we’re giving more thought to the preservation and proper allocation of our wealth. But how does one participate in a system that continues to advantage people who are positioned nearest to the financial nucleus? How do you participate when, without apology or consequence, they can shut off a game they are inconveniently losing? How is this […]
Policymakers in India will provide a transition period if a proposed ban on cryptocurrency usage is passed as expected. According to a report by Bloomberg on Thursday, a senior Financial Ministry official – speaking under condition of anonymity – told Bloomberg cryptocurrency holders were likely to be given a three-to-six month period to close their positions. Those still holding digital assets after the window closes will […]
Michael Cagney, the founder of blockchain lending startup Figure Technologies, wants to set up a special purpose acquisition company (SPAC), it announced in a regulatory filing Thursday. The blank-check firm seeks to raise $250 million, according to the prospectus filed with the U.S. Securities and Exchange Commission (SEC), and will be called Figure Acquisition Corp. I. Bloomberg first published the news. Figure Technologies issues mortgages and […]
Nigeria’s Senate has summoned the country’s top financial regulators for a briefing after the central bank ordered local financial institutions to stop providing services to crypto companies and users last Friday. The Nigerian Tribune reported Thursday the Senate has mandated its banking committee to invite the governor of the central bank (CBN), Godwin Emefiele, and the director general of the Nigerian Securities and Exchange Commission, Lamido […]
The first bitcoin exchange-traded fund (ETF) in North America has been given the go-ahead by Canada’s financial regulator. According to a decision document on Thursday, the receipt of approval from the Ontario Securities Commission was filed under a Multilateral Instrument passport system in multiple Canadian jurisdictions. Those territories include British Columbia, Alberta, Saskatchewan, Manitoba, Quebec, New Brunswick, Nova Scotia, Prince Edward Island, Newfoundland and Labrador, Northwest […]
Bitso, un exchange enfocado en América Latina, ha adquirido Quedex, una plataforma de trading de criptoderivados con sede en Gibraltar, donde también es regulada. A pesar de que los términos de la compra de Quedex no fueron dados a conocer, el CEO de Bitso, Daniel Vogel, dijo a CoinDesk que se trató de un buen acuerdo por varias razones. Quedex fue la primera plataforma de criptoderivados […]
Bitcoin was trading between $47,000 and $48,000 for much of Thursday, breaking the $48,000 level multiple times throughout Thursday. Traders and analysts told CoinDesk they remain bullish on the overall market, as institutional investors’ interest in bitcoin is growing “at a staggering pace.” Bitcoin (BTC) trading around $47,174.04 as of 21:00 UTC (4 p.m. ET). Gaining 5.48% over the previous 24 hours. Bitcoin’s 24-hour range: $44,057.64-$48,635.84 […]
PayPal’s buy, sell and hold crypto products are coming to the United Kingdom in a few months, the company announced during its investor day Thursday. Its launch of crypto as a funding service will go live in a few months as well, and crypto products in Venmo will go live in the first half of 2021. The results from the new product at the e-commerce giant […]
Three trends 1. Crypto infrastructure is being laid down across the banking, tech and financial sectors. BNY Mellon, the world’s biggest custodian bank, will allow customers to custody crypto by the end of the year. It’s working with unnamed outside partners to build out the offering, according to CoinDesk’s Ian Allison. Mastercard plans to support digital currency transactions directly on its massive network, and allow merchants […]
With BTC setting a new record above $48K and Mastercard implementing crypto payments, CoinDesk’s Market Daily is back with the latest news roundup. Add Markets Daily to your Alexa Flash Briefing here. This episode is sponsored by Nexo.io. Bitcoin’s price hits new all-time high over $48,000 despite U.S. Treasury Secretary Janet Yellen’s warning that cryptocurrencies are prone to illicit uses. Source link
Peirce also pushed back against an emerging government narrative that cryptocurrency is a dangerous rail for terrorist financing. Source link
Rapper Post Malone and his manager Dre London have teamed up with social money platform Fyooz to launch a celebrity beer pong league using non-fungible tokens (NFTs). According to the announcement, the Celebrity World Pong League NFT will bring recipients the chance to play beer pong against the rapper. Beer pong is a drinking game that involves players throwing a ping pong ball across a table […]
The bill was introduced by Republican State Senator Mark Lofgren to bring blockchain tech on par with traditional contracts and recordkeeping. Source link
Rows of latest-model laptops, highly sought after by the gaming community, have been spotted in China being used to mine cryptocurrency. In tweets posted on Wednesday, images show a room filled with “several hundred” gaming laptops said to be kitted out with Nvidia RTX 30-series graphics processing units (GPUs). WCCTech, a computer and gaming publication, said the laptops shown in the tweets come from the Chinese […]
In this episode, Christine Kim and Will Foxley discuss with Ethereum Foundation researcher Danny Ryan the roll-out of the Ethereum 2.0 development roadmap, starting with the launch of phase 0 and the Beacon Chain. “Not a surprise but a relief.” That’s how Ryan characterized how he felt about the successful activation of the Eth 2.0 network in early December. “We were confident going in but it’s […]
The U.S. Securities and Exchange Commission should be “looking to people” like Tesla CEO Elon Musk for market manipulation following the electric car maker’s recent decision to put bitcoin on its balance sheet, according to economist and prominent bitcoin critic Nouriel Roubini. Musk has been tweeting about bitcoin and dogecoin in recent weeks, at one point updating the bio of his popular Twitter profile to “#bitcoin.” […]
Cryptocurrencies used for illicit purposes are a “growing problem,” Treasury Secretary Janet Yellen said Wednesday. “I see the promise of these new technologies, but I also see the reality: cryptocurrencies have been used to launder the profits of online drug traffickers; they’ve been a tool to finance terrorism,” she said in her opening remarks. She referenced the Anti-Money Laundering Act passed into law by Congress last […]
A Bank of America cryptocurrency report warns of the risks and potential market disruption from anti-privacy government measures. Cryptocurrencies “challenge the ability of governments to levy taxes and to control capital flows more broadly,” according to a recent report from Bank of America Securities obtained by CoinDesk. Uncertainty over how the U.S. governments will act to limit these use cases presents an key risk for cryptocurrency […]
Amazon’s grip on the internet economy appears to be coming for currency next, with the e-commerce giant preparing to launch a “digital currency” project in Mexico. The yet-to-be-announced project, which Amazon sketched out across a series of recent job posts, appears to be an effort to keep lucrative Prime customers eternally plugged into Amazon’s platform. “This product will enable customers to convert their cash in to […]
Well, Dogecoin still is a meme – just a more expensive meme. And as the price rises from the depths, Dogecoin’s historically scattered development is rising with it. Take Dogecoin lead maintainer, Ross Nicoll, for example. His last commitment on Github came in October of 2019, but in the past two weeks he’s taken on a handful of new pull requests to make changes to the […]
Mastercard is planning to give merchants the option to receive payments in cryptocurrency later this year. According to a source familiar with the matter, the functionality will see Mastercard customers’ digital currency payments settled in crypto at participating merchants, a first for the financial giant. The company has not yet disclosed which digital currencies it intends to support, or where. The details shed new light on […]
Three stories 1. Tesla caught a lucky break in announcing its $1.5 billion bitcoin purchase when it did. The auto giant is reportedly being investigated by Chinese authorities over safety and quality concerns, news that came to light the same day headlines were dominated by Tesla’s treasury, according to CoinDesk markets reporter Muyao Shen. Media gadflies, like NYU economics professor Nouriel Roubini, have criticized Tesla and […]