On Wednesday, key executives at six major crypto firms testified before the House Financial Services Committee, saying shoehorning existing rules doesn’t work. Over a near five-hour stint, representatives from Coinbase, Circle, FTX, Bitfury, Paxos, and Stellar fielded questions to educate lawmakers on understanding the intricacies of cryptocurrency, ransomware, investor protections, and banking the unbanked. But …
Tag archives: Bitcoin
There’s no stopping MicroStrategy as it acquires 1,434 more Bitcoin (BTC)
Just a week after it acquired 7,002 BTC, MicroStrategy announced that it has grown its Bitcoin holdings once again. According to the latest Form 8-K document it filed with the SEC, the company purchased approximately 1,434 BTC between November 29th and December 8th. MicroStrategy makes another move in its bid to buy all the Bitcoin …
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Ledger unveils crypto-native debit card, adds support for NFTs
Hardware crypto wallet manufacturer Ledger has made a slew of announcements during the first day of its Ledger Op3n conference in Paris, including the upcoming launch of its brand new crypto-linked debit card and support for non-fungible tokens (NFTs). Dubbed “Crypto Life,” the new debit card is powered by Ledger’s technology and will allow holders …
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Community incubator Launchpool Labs announces first metaverse engine incubated project Ozone Metaverse
“The market opportunity for bringing the Metaverse to life may be worth over $1 trillion in annual revenue and may compete with Web 2.0 companies worth ~$15 trillion in market value today.” – Grayscale Metaverse report. Have you heard about virtual real estate in #Decentraland recently? Takeaways from Grayscale’s #metaverse report were mentioned in @BusinessInsider. …
Pepsi-Cola Celebrates the Soft Drink’s Birth Year With 1,893 Generative NFTs
The carbonated soft drink manufacturer Pepsi has revealed the company is stepping into the world of blockchain with its first collection of non-fungible token (NFT) assets. Pepsi introduced the “Pepsi Mic Drop” genesis NFT collection on Thursday, which features 1,893 generative NFTs on the Ethereum blockchain. Pepsi aims to create a real-time community of NFT …
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Binance Investment Director Ken Li Talks About Investing in Web3, Gaming and More Exciting Trends
Binance Labs is a chain-agnostic investor and incubator focused on supporting the global blockchain ecosystem and decentralized web. Their portfolio includes 1inch, Audius, Axie Infinity, Chiliz, Elrond, Injective, Matic / Polygon, Sandbox and Terra. Ken Li is an Investment Director at Binance Labs, with a focus on equity & token investments in Web3 social, gaming …
CIA Working on Various Crypto-Focused Projects, Director Confirms
The director of the U.S. Central Intelligence Agency (CIA) has revealed that the agency is working on a number of cryptocurrency-focused projects. Cryptocurrencies “could have enormous impact on everything from ransomware attacks,” he said. CIA Has Been Working on Various Crypto Projects CIA Director William Burns revealed Monday at the Wall Street Journal’s CEO Summit …
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Community incubator Launchpool Labs announces 1st metaverse engine incubated project Ozone Metaverse
“The market opportunity for bringing the Metaverse to life may be worth over $1 trillion in annual revenue and may compete with Web 2.0 companies worth ~$15 trillion in market value today.” – Grayscale Metaverse report. Have you heard about virtual real estate in #Decentraland recently? Takeaways from Grayscale’s #metaverse report were mentioned in @BusinessInsider. …
Did the industry execs’ testimonies ignite the congressional belief in crypto?
Over a five-hour-long educational hearing before the House Financial Services Committee on Wednesday has confirmed–the US Congress is ready to listen. In a bid to ward off aggressive regulation, six senior executives from leading crypto firms, including Bitfury, Circle, Coinbase, FTX, Paxos and the Stellar Development Foundation, gave a crash course on the point of …
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Edward Snowden, Gavin Wood, David Chaum, and Raullen Chai warn of the risks of centralization
After 9/11, “the US government for the first time was able to take control of an infrastructure that had already begun to work its way into every home, every workplace and now, every pocket,” said Snowden, referring to smartphones. Snowden said this new form of authoritarianism and form of oppression began taking place because of …
Unbound Finance (UNB) announces IEO on Huobi Primelist
DeFi lending protocol Unbound Finance (UNB) set the stage for its native governance token launch–announcing IEO on Huobi Primelist. Unbound Finance is built as an aggregator layer over the existing Automated Market Makers (AMMs) that power decentralized exchanges (DEXs) on Ethereum and other blockchains. The protocol allows users to leverage their idle liquidity pool tokens …
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Iceland Refuses to Power New Bitcoin Farms Amid Electricity Shortages
Cryptocurrency mining is among several energy-intensive industries hurt by a power deficit in Iceland. The country’s main utility is now rejecting requests to connect new coin minting facilities to the grid, after cutting supply to aluminum smelters and fish factories. Iceland Turns Away New Crypto Miners to Deal With Lack of Energy Iceland’s largest utility, …
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Experts Believe a Common African Cryptocurrency Can Boost Trade and Sustain Growth After Covid-19
Some economic experts from Africa have suggested that the continent now needs a common cryptocurrency and an integrated capital market to boost trade and sustain growth. The Importance of a Common Crypto Experts on the African economy have argued that a common cryptocurrency along with an integrated capital market is needed to boost trade and …
Beeple’s Latest NFT ‘Human One’ Sells for $29M, Artist Plans to ‘Enhance the Displayed Artwork’ During His Lifetime
This year the American artist Michael Winkelmann, otherwise known as Beeple, made history when he sold his non-fungible token (NFT) artwork “Everydays” for $69.3 million on March 11. Beeple’s latest NFT called “Human One” is a life-sized NFT sculpture that sold for $29 million, and the artist will update the NFT during the course of …
DeFi architect Andre Cronje said it’s time to give up on the inaccurate term “decentralized finance”
Andre Cronje, best known for creating the popular yield aggregator Yearn Finance (YFI), recently argued on Twitter that the DeFi sector should ditch the old buzzword and stop calling itself “decentralized”–in favour of a more accurate descriptive term. Although Cronje, who made a substantial contribution to the DeFi space, is ready to “retire” the coined …