An online initiative to secure a rare copy of the U.S. Constitution shows the power of Web 3.0 collective action. Source: https://cointelegraph.com/news/law-decoded-constitutions-of-the-future-will-be-ratified-by-daos-nov-15-22
Month: November 2021
Ethereum in full deflation mode as Eth2 merge gets closer
The Ethereum community has been hard at work over the past few years, laying the foundation for its shift away from its current proof-of-work (PoW) algorithm which has formed the backbone of the blockchain’s operation up until today. Ethereum’s switch to its proof-of-stake- (PoS-) powered Ethereum 2.0 chain is edging closer to reality, with recent updates to its blockchain resulting…
Crypto startup MoonPay raises $555M to hit $3.4B valuation
Cryptocurrency fintech startup MoonPay has closed its first-ever venture capital round, reaching $3.4 billion in post-money valuation. The firm officially announced Monday that it closed a $555 million Series A funding round led by prominent industry investors like American investment firm Tiger Global and tech-focused investment manager Coatue. Other participants included Blossom Capital, Thrive Capital, Paradigm, and the New Enterprise…
President Biden picks Jerome Powell to be next Fed chair
President Joe Biden has tapped Jerome Powell to serve another four-year term as the chair of the Federal Reserve System’s Board of Governors. In a Monday announcement, the White House announced President Biden would be nominating Powell as his pick to lead the Federal Reserve once his current term ended in February. The executive branch cited Powell’s “decisive action” in…
Analyst Says First Bear Marker ‘Would Be a Capitalization Drop Under $2.38T’ – Market Updates Bitcoin News
The crypto asset economy has been down in value over the last week as a great number of digital currencies shed significant amounts. The entire crypto-economy is down under the $3 trillion mark, hovering around $2.7 trillion across 10,970 cryptocurrencies. Bitcoin dominance is just above the 40% region while ethereum’s market commands 18.4% of the crypto economy on Monday. Analyst…
El Salvador’s President Nayib Bukele to Speak at Bitcoin 2022 Conference
The president of El Salvador, Nayib Bukele, will speak at the world’s biggest Bitcoin conference, Bitcoin 2022 in Miami, Florida. The Central American leader will share his experience in leading his nation to become the first in the world to make bitcoin a legal tender and with what opportunities the peer-to-peer currency has provided Salvadorans. “After virtually announcing my intention…
Southeast Asian financial institutions turn to the Ethereum blockchain
Blockchain innovation is surging throughout Southeast Asia, as the region is home to a number of fintech firms and global crypto companies. In particular, Singapore has become one of the world’s most crypto-friendly countries. This was recently highlighted in a report conducted by crypto exchange Gemini, which found that 67% of 4,348 respondents currently own crypto. The report further noted…
Ain’t Over ‘Til It’s Over
In our last two Crypto On-Chain Digest reports (End of Summer Sale and SHOCKTOBER), we noted that a supply shock driven by long-term holders could push BTC and ETH prices higher. Well, price followed through and the data suggests that long-term holders remain confident in the current bull run. In the latest Kraken Intelligence report, Ain’t Over ‘Til It’s Over,…
Bitcoin stays volatile as BTC jumps $2.9K in 15 minutes before Wall St. open
Bitcoin (BTC) stayed true to form on Nov. 22 as the hour before the Wall St. opening bell was met with a sudden surge. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Skittish Bitcoin darts around below $60,000 Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it rose almost $3,000 in minutes after hitting multi-day lows of $56,640 Monday. #Bitcoin…
UK Regulator Investing $670,000 to Train Staff in Crypto Terrorist Financing
The UK’s Financial Conduct Authority (FCA) has put out a contract to tender for external consultants in order to help train staff on the money laundering and terrorism financing risks presented by the crypto industry. The FCA will be spending £500,000 ($670,000) on these consultants, due to concerns that cryptocurrencies are being utilized by bad actors. “The FCA is seeking…