In the last decade, the way we consume media has fundamentally changed. Physical ownership has given way to digital streaming services that provide 24/7 access to libraries of music, movies and literature. To date, art has largely resisted these changes—paintings, sculptures and photography have, for the most part, been physical objects showcased in galleries. But the combination of the COVID-19…
Michael Saylor, CEO of enterprise data analytics company MicroStrategy, announced Monday via a Twitter post and company filing that the firm purchased an additional 7,002 Bitcoin (BTC), worth approximately $414.4 million, at an average price of $59,187 per coin. MicroStrategy sold 571,001 shares of company stock between Oct. 1 and Nov. 29 at $732.16 apiece, raising a total of $414.4 million…
Jack Dorsey has stepped down from his role of chief executive officer of Twitter, according to an announcement from the social media firm. Parag Agrawal, Twitter’s former CTO, will take over as CEO. Dorsey will also maintain his position on the firm’s board of advisors. In a resignation letter shared on Twitter, Dorsey wrote “after almost 16 years of having…
The Indian government has answered three sets of questions in parliament regarding bitcoin transactions, the high-profile bitcoin scam in Karnataka, and the legality of cryptocurrency trading and crypto exchanges in India. Meanwhile, the winter session of parliament has begun and a crypto bill is expected to be taken up during this session. Indian Government Answers Questions About Bitcoin Transactions On…
DeFi banking protocol MELD recently made headlines for attracting more than $1 billion worth of staked Cardano (ADA) to its protocol through a novel funding mechanism called an initial stake pool offering, or ISPO, marking an important innovation in how early adopters support blockchain startups. Cointelegraph had the opportunity to connect with MELD CEO Ken Olling to discuss the significance…
Invesco, a U.S. investment firm with $1.3 trillion in assets under management, has partnered with crypto indices provider CoinShares to launch its first European exchange-traded product (ETP) backed by physical Bitcoin. An ETP is somewhat similar to an exchange-traded fund (ETF) as it tracks the performance of an underlying asset or financial instrument. More importantly for traditional investors, these financial…
What is a smart contract? This is a question that, these days, has become impossible to answer without starting the digital equivalent of a bar fight. The minute that term is thrown out in a conversation, most people immediately think “Ethereum,” or “Solana,” or “TRON” or any of these decentralized in name only (DINO) projects that have popped up over…
press release PRESS RELEASE. Blockchain protocol Moonlift has unveiled a new name and new product release as part of an extensive rebranding initiative. The blockchain project will be known as MoonLift Capital and launch a decentralized exchange that allows token swaps and liquidity mining features. MoonLift Capital: A cross-chain turnkey incubator and service provider MoonLift is a community-driven project that…
Soon after dropping a filing for a Bitcoin (BTC) futures exchange-traded fund (ETF) in the United States, asset manager Invesco is launching a spot BTC exchange-traded note (ETN) in Europe. On Nov. 29, German stock market operator Deutsche Boerse officially announced the listing of the Invesco Physical Bitcoin ETN on its digital stock exchange, Xetra. The new product will trade under…
Thailand is looking to lure the crypto wealthy to its shores in a bid to recoup tourism revenues lost to the coronavirus pandemic. Per Bloomberg, the Tourism Authority of Thailand (TAT) is working with regulators and a local cryptocurrency exchange to make it easier for crypto holders to spend their digital assets in the country. Next year, according to TAT…
