sponsored Eco-friendliness and mass market accessibility cited as major factors in choosing WAX. WAX Blockchain has been chosen by Sony Pictures and AMC Theatres (NYSE:AMC) for Sony Pictures’ Spider-Man: No Way Home NFT Promotion, the first ever NFT promotion between a studio and a major theatrical exhibitor. The decision to utilize WAX blockchain was based on several key benefits of…
Sber, Russia’s largest bank, is apparently struggling to obtain regulatory approval for its digital asset issuance platform as the company continues delaying registration plans. Sber CEO Herman Gref announced Tuesday that the bank now expects its digital asset issuance platform to have been registered with the Bank of Russia by the end of 2021, local news agency Prime reported. “We…
The hard cap on Bitcoin is secured from alteration by its incentive structure and governance mechanism. The entities that govern Bitcoin’s ruleset have significant incentives to fight a change to the hard cap because of the network’s architecture, but those who wish to change it have no power over the network. Incentives The individuals with the most incentive to modify…
Kyber Network has just announced that its multi-chain decentralized exchange (DEX) aggregator and liquidity protocol KyberDMM is now out of beta. Along with its launch, the DEX is rebranding to KyberSwap amid the rollout of several new features. Some of the most important new features include a novel aggregation algorithm, which allows KyberSwap to find the best quotes for assets…
The leading cryptocurrency by market capitalization, Bitcoin, is mounting a tentative recovery that’s seen it climb by 4% over the past 24 hours. Ethereum, the second-largest cryptocurrency, has mounted a more impressive 6.5% rally over the same period. This bullish action comes just days after the industry faced a flash crash over the weekend, shaving roughly $400 billion of the…
Russia’s central bank has voiced opposition to the provision of financial services related to cryptocurrencies. The monetary authority believes such offerings would go against the interests of Russian investors as they are highly risky. Central Bank of Russia Unwilling to Allow Financial Services for Crypto Assets The Central Bank of Russia (CBR), known for its hardline stance on the legalization…
As 2022 draws closer, some cryptocurrency investment experts are doubtful about whether Bitcoin (BTC) has enough time to hit $100,000 in 2021. Following a major flash crash in the cryptocurrency market, Bitcoin is unlikely to break new all-time highs in the next three weeks and go all the way up to $100,000, according to Bitwise chief investment officer Matt Hougan.…
Congresswoman Alexandria Ocasio-Cortez, better known by the moniker AOC, has said she does not hold any Bitcoin—or any other financial assets for that matter—arguing that members of Congress should not hold or trade in financial products. “Because we have access to sensitive information and upcoming policy, I do not believe members of Congress should hold/trade individual stock and I choose…
Bitcoin (BTC) returning to $50,000 overnight inspired one of the largest wallets to buy the equivalent of $137 million more. Blockchain data from on-chain monitoring resource BitInfoCharts among others highlights how one entity “bought the dip” like no other. Someone “buys the dip” to the tune of $137 million After buying frequently since BTC/USD hit $69,000 all-time highs last month,…
The Biden administration has published the United States Strategy on Countering Corruption—a first of its kind document that lays out the government’s anti-corruption policy. The document defines a government-wide approach to corruption under five pillars. Specifically, pillar three—which is about holding corrupt actors accountable—targets cryptocurrencies with a new Department of Justice (DOJ) task force. “DOJ will utilize a newly established…
