In brief The SEC served Terraform Labs and its co-founder with a subpoena last month. Both have sued the agency. Three days after suing the U.S. Securities and Exchange Commission over receiving a subpoena from the agency, Terraform Labs co-founder and CEO Do Kwon struck a more conciliatory tone about the regulatory landscape. Speaking at the Yahoo Finance All Markets…
Digital currency exchange Crypto.com has donated $1 million to water.org, a clean-water initiative co-founded by Matt Damon and Gary White in 2009. The direct donation will go towards supporting Water.orgs mission of ending the global water crisis by providing safe water and sanitation to people in need, the companies announced Monday. The partnership is also aimed at exposing water.org to…
On Sunday, Elon Musk discussed his relationship with the Dogecoin Foundation and he mentioned a few improvements he’d like to see implemented via Dogecoin Core’s codebase. Meanwhile, Github metrics show developers have been working on Dogecoin Core during the last few months and it seems Dogecoin software engineers are prepping the network to address fees, transaction time, and mining. Dogecoin…
October 25, 2021 Defining Money After 12 years of adoption, the concept of bitcoin as digital money is now widely known. Ironically, when learning about bitcoin, many individuals are forced to (re)consider what money is. One example of a definition that they may run into is: The most saleable good to transfer value across space and time Bitcoin’s digital nature…
In brief Dapper Labs’ Caty Tedman spoke about the success of NBA Top Shot and sports NFTs at today’s Yahoo Finance event. She now gets “very little resistance” from sports leagues about the viability of NFT collectibles. It’s been just one year since Dapper Labs launched NBA Top Shot, the online collectibles marketplace that arguably kicked off the first mainstream…
The cryptocurrency market is abuzz on Oct. 25 as the sight of multiple altcoins hitting new all-time highs and Bitcoin’s (BTC) return to $63,000 has traders looking for a resumption of the bullish uptrend. Top 7 coins with the highest 24-hour price change. Source: Cointelegraph Markets Pro Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over…
As people lose confidence in the government institutions, bitcoin could benefit and rise to become the world’s reserve currency, Senator Rand Paul said. “I’ve started to question now whether or not cryptocurrency could actually become the reserve currency of the world as more and more people lose confidence in the government,” he said. Senator Paul has never publicly endorsed any…
Interest from Wall Street in Bitcoin is growing, having tripled since the beginning of the year, DA Davidson’s analyst said. Analyst Christopher Brendler estimates that three times as many Wall Street brokers that cover the payments sector are taking bitcoin seriously now than in January. DA Davidson recently started researching the industry and is bullish on BTC miners in the…
Smart contract ecosystem Near Protocol has earmarked $800 million for new funding initiatives aimed at growing its decentralized finance capabilities, offering the latest evidence that the highly lucrative DeFi market is still in its infancy. The new funding, which includes the $350 million grants program announced by Proximity Labs last week, gives ecosystem developers added incentive to create new product…
In brief Solana (SOL) hit an all-time high price above $219 today, per CoinGecko. Last months network outage apparently slowed Solanas momentum after a massive price increase in August. Solanas late summer surge was interrupted by Septembers network outage, which appeared to slow the smart contract platforms upward momentum. But with the overall crypto market on the rise, Solana is…
