In brief David Marcus co-created Facebook’s cryptocurrency project, Diem. The company’s Novi crypto wallet recently launched. He’s being replaced by Novi’s VP of Product Stephane Kasriel. David Marcus, the executive who shepherded Facebook’s Novi wallet into existence, has announced he will be leaving the social media company at the end of December. Marcus has been with the company seven years,…
Intro Throughout time, technology has proven to change our lives by leveraging efficiencies in energy. New ways in how we hunt have saved time and energy for innovation and to live more intentionally. Currently, Bitcoin presents an immense opportunity to change the lives of those who are burdened by old forms of manipulated money and preserve their time and energy.…
Galaxy Digital Holdings Ltd. has revealed the firm is looking to raise $500 million in an exchangeable senior note offering. The investment company, founded by billionaire investor Mike Novogratz in January 2018, aims to use the funds to “accelerate growth initiatives across its business lines.” Galaxy Reveals Exchangeable Senior Note Offering The investment firm Galaxy Digital (TSX: GLXY) aims to…
Earlier this month, the Ethereum Name Service, or ENS, formed a decentralized autonomous organization, or DAO, for the ENS community. Cointelegraph spoke to two ENS DAO delegates who applied for the opportunity to represent the community and stay involved in the decision making process: Victor Zhang, CEO of AlphaWallet, an open source Ethereum wallet, and Gregory Rocco, co-founder of Spruce,…
In brief The Fed today said that inflation should no longer be considered “transitory.” Both stocks and Bitcoin reacted badly to the news. Bitcoin and stocks suffered today as both the crypto and traditional markets appear to have been spooked by Federal Reserve Chair Jerome Powell’s comments about inflation. Bitcoin dropped to $56,245 during a hearing before the U.S. Senate…
The Bitcoin network hash rate is near complete recovery from China’s ban of mining.The metric has increased over 80% in the past five months and is close to a new all-time high.Bitcoin has demonstrated deep resiliency and antifragility in the face of a severe stress test and is about to overcome that completely. The Bitcoin hash rate has showcased deep…
In 2010, if someone had told you that Internet memes, digital artwork and Twitter avatars would sell for hundreds of thousands of dollars, would you have believed them? Well, these are nonfungible tokens, or NFTs, in a nutshell. NFTs are driving blockchains toward uncharted territory on the backs of cute kitties and pixelated punks. What may appear to be a…
Changes meant to postpone the introduction of a tax on virtual assets such as cryptocurrencies in South Korea have been approved by an important parliamentary committee. The draft legislation seeks to delay Seoul’s plan to impose a 20-percent levy on gains from crypto transactions. Ahead of Election, Major Parties Support Tax Break for Crypto Investors in South Korea South Korean…
Cryptocurrency exchange Coinbase will acquire cryptographic security company Unbound Security in a move that will also have the U.S. company launch a research facility in Israel. In a Tuesday blog post, Coinbase said it would be purchasing Unbound to gain access to its cryptographic security experts as well as establish a presence in Israel. The exchange cited Unbound’s work in…
Grayscale Investments launched its Grayscale Solana Trust this morning, offering investors passive exposure to the proof-of-history and proof-of-stake hybrid Solana network’s SOL cryptocurrency. The native crypto asset was up 6% over the past 24 hours Tuesday morning, according to CoinGecko, trading at $217 per SOL. Its market cap has receded a bit from the $77 billion all-time high it set…
