The United States Securities and Exchange Commission (SEC) has filed a suit against Australian Craig Derel Sproule for the allegedly “fraudulent and unregistered” sale “of digital asset securities” in an Initial Coin Offering his company conducted in 2018. The SEC alleges in a Jan. 6 complaint that Sproule’s company, Metavine, Inc. which operated the ICO for Crowd Machine (CMCT) from…
In brief Mozilla announced today it had paused crypto donations. The decision comes after a week of pushback from the open-source community. The main point of the criticism is the environmental impact of cryptocurrency. After a wave of criticism from the open-source community this week, Mozilla, the company behind the popular Firefox browser, announced on Thursday it has paused accepting…
Goldman Sachs has predicted that the price of bitcoin could reach $100,000. The global investment bank believes that bitcoin will continue to take market share away from gold as cryptocurrency adoption grows. Goldman Sachs’ Bitcoin vs Gold Prediction Goldman Sachs analyst Zach Pandl, co-head of global foreign exchange strategy, outlined the future outlook for bitcoin in a research note to…
The share price of Reddit’s cult-favorite stock GameStop Corporation (GME) jumped by one quarter (in after-hours trading following a Wall Street Journal report on its upcoming NFT division. The U.S. retail game store giant has been quietly working on an NFT marketplace since May, and ramped things up in October by listing several job openings for Web 3.0 and NFT-experienced…
Decentralized stablecoin issuer Terra issued an ambitious proposal to expand the interchain deployment of its UST stablecoin across five projects on Ethereum, Polygon, and Solana. Terra’s Jan. 6 Research post UST Goes Interchain: Degen Strats Part Three provides details about how $139 million of UST and its native stablecoin LUNA would be utilized and on what platforms if the proposal…
Congratulations if you spotted the Easter eggs in GameStop’s job advertisements. Turns out the video game retailer really is getting into crypto. GameStop has created a new unit for building an NFT platform and hired more than 20 people thus far to run it, according to a report today from The Wall Street Journal. The platform will allow customers to…
An intriguing narrative on Bitcoin emerged this year around the physical security offered by its proof-of-work consensus method. This narrative evolved from Jason Lowery, a commissioned officer in the U.S. Space Force and a U.S. National Defense Fellow enrolled in MIT, whose full-time job is to research Bitcoin for the U.S. Department of Defense (DoD). His opinions on the topic…
The CEO of the world’s largest movie exhibition company, AMC Entertainment, says his company is on track to accept meme cryptocurrencies dogecoin (DOGE) and shiba inu (SHIB) in the first quarter of this year. Dogecoin and Shiba Inu Coming to AMC Theatres Soon The CEO of AMC Theatres, Adam Aaron, has provided an update on his company’s progress in accepting…
In brief Sunflower Farmers, a simple farming game on Polygon, is driving up gas fees on the network and slowing transactions. Polygon is a sidechain scaling solution that enables faster, cheaper transactions than the Ethereum mainnet. Shortly after CryptoKitties launched on Ethereum in 2017, the immense demand for the NFT collectibles game clogged up the blockchain platform, driving up fees…
I’ll start with some bad news. Unfortunately, the world of cryptocurrency has somewhat misappropriated Einstein’s name. There is the Canadian Einstein exchange, which collapsed into thin air in 2019. There is also the recently released Einstein token, part of whose timeline I note below. The website’s roadmap reads: “April 2021, Phase 1, Launch of website and social media channels. Creation…
