According to The Nihon Keizai Shimbun (Nikkei), one of the world’s largest financial newspapers and the entity behind the Nikkei 225 stock index, Japan’s Financial Services Agency, or FSA, will propose legislation next year restricting stablecoin issuance to only bank and wire transfer companies. Theoretically, this would prevent entities such as Tether (USDT), which does not operate as a bank…
Do you remember the time when a fleeting mention of Bitcoin, stablecoins or even central bank digital currencies by a top-ranking government official was considered major news all over the cryptoverse? Feels like it’s been forever. As we find ourselves in the midst of digital assets’ global mainstreaming, such statements come in droves every day and are expected. Randal Quarles,…
According to a report published by Grayscale Investments on Monday, more than one-quarter of U.S. investors surveyed (26%) said they already own Bitcoin (BTC). Out of this group of owners, 46% and 44% also jointly held Ethereum (ETH) and Dogecoin (DOGE) in their accounts, respectively. An additional three-quarters of the participants (77%) said they would likely gain exposure to Bitcoin…
Bitcoin (BTC) is attempting to extend its recovery by rising above the psychological mark at $50,000, but several popular analysts believe that BTC could remain range-bound for a few weeks or even months. On-chain analytics firm CryptoQuant said that Bitcoin “whales are still depositing BTC to exchanges.” This simply indicates that whales are setting themselves up to react at short…
Bitcoin Is Self Preservation The Center Cannot Hold: 15 All living organism share a universal behavior set called self preservation. Self preservation is the set of behaviors that ensures the survival of an organism. Bitcoin is financial self preservation. Many hold Bitcoin to increase the longevity and appreciation of their wealth and therewith their health. Buying Bitcoin is trading time…
On Monday, Coinbase, the fourth-largest cryptocurrency exchange globally by trading volume, announced the creation of a novel cryptographic library, Kryptology, as a compendium of tools for blockchain developers. These include secure, audited and easy-to-use APIs as well as a repository of common issues and lessons learned throughout the history of crypto. Without cryptography, cryptocurrencies such as Bitcoin would be digital…
Cryptocurrency exchange Gemini will soon offer frictionless bitcoin trading in Colombia for customers of the country’s biggest bank, Bancolombia, the company said in a statement Monday. However, it is unclear whether users will be able to withdraw funds — a vital feature for achieving the financial sovereignty that Bitcoin enables. The partnership is part of a government-sponsored pilot program. It will launch…
During the last seven days, virtual lands sold in the metaverse have outpaced a great number of non-fungible token (NFT) sales. Moreover, metaverse native crypto tokens like axie infinity, sandbox and decentraland and play-to-earn digital assets in general have jumped significantly in value this year. Metaverse Properties Outpace NFT Collections — Play-to-Earn Tokens Rise Following the meme-crypto hype, the decentralized…
Mysten Labs, the research and development firm founded by former engineers from social media giant Facebook, has announced the completion of a $36 million funding round towards its goal developing a Web 3.0 infrastructure platform. In a Monday announcement on Medium, the team behind Mysten Labs said the firm had raised $36 million in a Series A funding round led…
In brief Last week, a Florida federal jury said it couldn’t reach a conclusion in Kleiman v. Wright. This week it gave something of a split decision. Craig Wright, who claims he is Bitcoin inventor Satoshi Nakamoto, is off the hook for a multibillion-dollar payment to the estate of computer scientist Dave Kleiman, which argued that the men created Bitcoin…
