SEC Commissioner concerned about the US lagging behind global Bitcoin ETFs

Securities and Exchange Commissioner Hester Peirce has voiced concerns over the United States lagging behind global jurisdictions in adopting cryptocurrency exchange-traded funds (ETFs). During an online appearance at the Bitcoin (BTC) conference “The B Word,” Peirce pointed out that many other countries such as Canada have already been trading crypto ETFs, while the U.S. is still deciding …

Nonfungible tokens from a legal perspective

A nonfungible token (NFT) can be both a representation of a physical or digital asset that only exists on the internet — a programmable piece of art. It provides ownership of an underlying asset, like a painting, and it can also represent a digital asset in the form of a software code. Therefore, I like …

Illusion or reality? Crypto demand either faltering or poised to charge

BlackRock is the world’s largest asset manager, so when its CEO, Larry Fink, remarked recently that he was seeing “very little in terms of investor demand” with regard to crypto and Bitcoin (BTC) based on “my last two weeks of business travel,” it set off some alarm bells. A lively Twitter discussion followed one commentator’s …

Karura launches decentralized exchange on Polkadot and Kusama

Karura, the Polkadot implementation of the Acala protocol, has launched its decentralized exchange (DEX) platform, Karura Swap. According to the announcement issued on Friday, the DEX platform is now live, with KSM/KAR being the first trading pair on the exchange. Per details provided by the announcement, Karura Swap has gone live with an initial total …

Enterprise Ethereum Alliance Presents the Ethereum Anniversary Special 2021

Hear from Luminaries — Vitalik Buterin, Balaji Srinivasan, Joseph Lubin and more – and Celebrate the 6th Anniversary of Ethereum, July 29, at 11:00 a.m EDT WAKEFIELD, Mass. — July 23, 2021 — The Enterprise Ethereum Alliance (EEA) today announced the speaker lineup for its free, 90-minute virtual event, EEA Ethereum Anniversary Special: Celebrating 6 …

Axie Infinity refreshes record high as AXS ascends 131% in just three days

The price of Axie Infinity’s native token, AXS, more than doubled in just three days of trading amid speculation that it is going to revolutionalize the blockchain-enabled gaming industry forever. The AXS/USD exchange rate reached a record value of $32.69 on Friday, up 31.28% intraday, and about 131% from its Tuesday low of $14.09. That …

Bitcoin is key to the future of Twitter, Jack Dorsey says

Bitcoin (BTC), the world’s largest cryptocurrency by market capitalization, will be one of the key trends for the future of Twitter, CEO Jack Dorsey declared. Twitter CEO said that Bitcoin would be a “big part” of the company’s future at the second-quarter earnings call, outlining the digital currency’s potential to further transform Twitter products and …

Coinbase and top execs face securities class action over Nasdaq listing

A Coinbase shareholder has filed a securities class action against Coinbase for allegedly misleading investors ahead of its public listing about the company’s financial state and resilience as a crypto trading platform. Filed by law firm Scott + Scott in California Northern District Court on Thursday, the class action names Coinbase shareholder Donald Ramsey as …

Bitcoin mining is becoming vastly more decentralized in 2021

Bitcoin (BTC) has become considerably more decentralized in the past year, one metric suggests — and the trend is growing. According to data from on-chain data resource Blockchain.com, hash rate distribution is increasingly favoring small, unknown miners.  Small guys increase slice of mining pie Despite the past 12 months seeing a large price run-up, Bitcoin …

Theta Network Could Soon Have a Cross-chain Bridge with Ethereum

Theta Network will release version 3.1.0 of its mainnet on July 25th with the hard fork occurring on July 30th The new iteration of the Theta Network mainnet will support the Ethereum RPC API The compatibility with Ethereum RPC API will lower the learning curve of users migrating from Ethereum and open the doors for …

Bitcoin could fall to $15,000, says Guggenheim chairman who predicted 50% dip in May

Bitcoin could fall to $15,000, says Guggenheim chairman who predicted 50% dip in May Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Start Earning Interest Edge › Bitcoin › Trading “There is still more air to come out” of the Bitcoin market, argued chairman and CIO of Guggenheim Investments …

Ukraine Unveils Roadmap to Integrate Cryptocurrencies by 2024

Government and business representatives have produced a roadmap to transform Ukraine into a leader in cryptocurrency integration. The authors of the new strategy want to see half of Ukrainians using digital currencies by 2024. The East European nation is expected to regulate its crypto space by the end of this year. Strategy for Crypto Market …

Paxos Standard Presents Assets Backing Its Stablecoins

Paxos, a regulated blockchain company, recently presented the basket of resources that back its stablecoins. Paxos Standard (PAX) and Binance USD (BUSD) are reportedly backed almost 100% by cash and cash equivalents. Dan Burstein, CCO of Paxos, harshly criticized Tether and Circle, issuers of other stablecoins, stating their products we’re not really stablecoins. Paxos Reveals …

Sotheby’s to Auction Never-Before-Seen Muhammad Ali Artwork NFT

On Friday, coinciding with the Summer Olympics opening ceremony, Muhammad Ali Enterprises and the fine auction house Sotheby’s will be auctioning a non-fungible token (NFT) that features a never-before-seen piece of original artwork created by Muhammad Ali. According to the announcement the digitized NFT artwork depicts Ali’s interpretation of the infamous 1971 ‘Fight of the …

Argentinian Province Misiones Plans to Issue Its Own Stablecoin

The Argentinian province of Misiones plans to issue its own stablecoin in the future. This is one of the objectives that a recently approved law, the Missionary Financial Innovation Program with Blockchain and Cryptocurrency Technology, proposes. Misiones will also use a blockchain to issue documents and certificates to digitalize much of its work. Misiones to …

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