The chairman of Starwood Capital Group, billionaire Barry Sternlicht, has shared his view on how bitcoin could grow to be worth a million dollars a coin. He calls the cryptocurrency a “smart” hedge in a world where the government just keeps on printing money. Billionaire Barry Sternlicht Believes Bitcoin Could Rise to $1 Million per Coin Billionaire Barry Sternlicht, the…
There are only two men in this world who are paid to steal money: the politician and the banker. One of them claims to be a thief without knowing it, while the other claims to be a thief without wanting to be — that is to say, the one is corrupt within the lawful and the other within the unlawful,…
In what could be considered a controversial bootstrapping strategy, Enso Finance has announced that it’s launching a month-long vampire attack that could drain nearly $1 billion from six competing DeFi protocols. A vampire attack sources liquidity by siphoning it from one (or several) competing projects. The vampire analogy ends there–the initial attack doesn’t actually change the nature of the project…
Japan’s Financial Services Agency said on Monday that it seeks to limit the issuance of stablecoins to banks and wire transfer companies in 2022, according to a report by Nikkei Asia. The FSA said limiting the issuance of stablecoins to banks and wire transfer companies will help mitigate risks, as those companies are legally obligated to protect customer assets. This…
American Express’ Amex Ventures, Visa, Citi Ventures, DRW Venture Capital, Jump Capital, Marshall Wace, Block (formerly Square Inc.), and Paypal Ventures are among investors in the latest funding round of crypto transaction monitoring and forensics platform TRM. Amex, Visa, Citi, Paypal Invest in TRM Platform Crypto transaction monitoring and forensics platform TRM announced Tuesday investments from major financial institutions in…
Current director of the Central Intelligence Agency William Burns said his predecessor at the government agency initiated projects focused on gathering intelligence on cryptocurrency. Fielding a question on crypto at the Wall Street Journal CEO Council Summit on Monday, Burns said the CIA was looking to add expertise in cryptocurrencies and blockchain to its team of intelligence analysts in addition…
press release PRESS RELEASE. The blockchain revolution has captured the attention of millions in the past decade. The advent of cryptocurrencies like bitcoin has redefined the concept of money, while smart contract networks have expanded blockchain applications towards different sectors. While crypto adoption continues to grow, the onus is on the underlying technology to adapt to the new wave of…
The Behemoth The Behemoth, a primeval, “unconquerable beast” in the biblical book of Job. Though largely considered a myth, this beast was said to be over 300 feet in height and weighed over 80,000 metric tons. As is to be expected of such a ginormous creature, its gaits would have caused the earth beneath its feet to tremble with every…
French video game publisher Ubisoft announced its first foray into NFTs via a new platform called Ubisoft Quartz to launch in beta this week with Ghost Recon Breakpoint for PC players on Ubisoft Connect. Introducing Ubisoft Quartz We’re bringing the first energy efficient NFTs playable in a AAA game to Ghost Recon: Breakpoint! Try it in the beta from December…
The cryptocurrency market is back in high spirits today after the wider market bounced back from the Dec. 3 downturn in Bitcoin (BTC) price. Currently, bulls are aiming to send BTC price above the $52,000 support/resistance level and Ether (ETH) is trying to reclaim $4,400 but both assets are encountering push back at overhead resistance. Even with BTC and ETH consolidating,…
