In brief Snapshot today announced a $4 million seed raise. The raise was led by 1kx, an early-stage token fund. Voting is at the heart of decentralized autonomous organizations, or DAOs, allowing members to voice their opinion on matters like project funding and protocol adjustments. And Snapshot has become the go-to mechanism for tracking member views. But with thousands of…
As the perceived legitimacy of blockchain technology increases, politicians in the U.S. have shown a growing interest in turning this non-partisan technology into a topic of political divisiveness. Speaking via video to an audience of the Bloomberg New Economy Forum in Singapore on Friday, former presidential candidate Hillary Clinton said while cryptocurrencies were an “interesting” technology, they also had the…
A lawyer representing investors defrauded by the notorious crypto scam Onecoin has urged authorities in Bulgaria to act on the case, claiming that the “world’s largest pyramid scheme” is still operating from the country. In a petition with the Bulgarian Constitutional Ombudsman, Jonathan Levy accuses officials in Sofia of failing to provide justice to the victims while seemingly protecting “the…
During a meeting with representatives of the financial sector on Friday in Almaty, Kassym-Jomart Tokayev, President of Kazakhstan, expressed his opinion on the current state of affairs of the country’s cryptocurrency industry. The details of the speech were posted on the official website of the President of the Republic of Kazakhstan, and translated by Cointelegraph: Cryptocurrencies are an objective factor that…
Mark Cuban and Dr Pepper will grant $23,000 to a college student on Saturday.Two students will compete in a live coin toss, which Cuban will join live.The Bitcoin Toss is a new addition to the Dr Pepper’s Tuition Giveaway Program of this year. Billionaire Mark Cuban will join Dr Pepper’s Tuition Giveaway Program to surprise two student applicants with the…
In brief The entire cryptocurrency market has suffered this week because of a huge sell-off. But today it is recovering. Bitcoin isn’t up that much in the past 24 hours—but various altcoins are. The cryptocurrency market has bounced back after yesterday’s sell-off—with altcoins Shiba Inu and Solana leading the recovery. Markets on Thursday were hit hard after already suffering a…
Welcome to the latest edition of Cointelegraph’s decentralized finance newsletter. Read on to discover why almost half of the liquidity providers on Uniswap v3 are losing capital due to impermanent loss. What you’re about to read is the smaller version of this newsletter. For the full breakdown of DeFi’s developments over the last week, subscribe below. Acala wins Polkadot’s debut…
U.S. Senator Ted Cruz has introduced a bill to repeal the $1 trillion infrastructure package’s crypto provision, which he said is a “devastating attack” on the crypto industry. “I urge my colleagues in the Senate to repeal this harmful language that will create regulatory uncertainty and in turn an unnecessary barrier to innovation,” he said. Senator Cruz Pushes for Infrastructure…
Is the global economy in uncharted territory now vis-a-vis Bitcoin (BTC) and inflation? During most of the cryptocurrency’s brief life, the economic environment has been generally pro-growth with stable prices but recently, there are fresh warnings of an inflationary storm. If so, what does it mean for Bitcoin, long promoted by partisans as an inflation hedge though not really tested…
Former democratic presidential candidate Hillary Clinton spoke about Bitcoin and crypto’s ability to weaken governments during a video panel discussion at the Bloomberg New Economy Forum in Singapore on Friday. Hillary warned, “What looks like a very interesting and somewhat exotic effort to literally mine new coins in order to trade with them has the potential for undermining currencies, for…
