In brief The team behind Shiba Inu, the second largest meme coin by market cap, has announced a metaverse project. Investors will be able to buy virtual land using Doge Killer (LEASH), another token by the same team. The world of meme coins is now entering the metaverse. The team behind Shiba Inu, an Ethereum-based token that arguably has little…
A recurring conversation in the Bitcoin community is the question “was Bitcoin invented or discovered?” Initially this question seems simple. Obviously Bitcoin was invented, wasn’t it? No. In my opinion, Bitcoin, like any other scientific and technological “invention,” was discovered and not really invented. The purpose of this article is to explain this and to help you understand why if…
Aave (AAVE), the decentralized finance lending platform, launched the Lens Protocol ecosystem on the Polygon (MATIC) blockchain as their way to challenge centralized social media platforms like Twitter or Facebook. What started with an open letter to garner support around the idea that content creators should own and control their digital identities, led to developing a Web3-native social network powered by NFTs.…
Rostin Behnam, chairman of the Commodities and Futures Trading Commission (CFTC), is pushing for his agency to take a leading role in regulating digital assets. He maintains that his agency is well positioned to provide market protection for consumers and reduce risks in the space. Behnam made his case for expanding the CFTC’s authority in a letter to the House…
Bitcoin fundraising just gets more attractive as fiat fundraising firms are proving to be unreliable when it comes to raising donations for the Truckers Freedom Convoy in Ottawa, Canada. Fiat fundraising platforms further added to their unreliableness as GoFundMe’s replacement for this movement, GiveSendGo, reportedly leaked passports and other personal information about the individuals who donated to the truckers fund.…
On Tuesday, the British-founded American multinational luxury auction company Sotheby’s, headquartered in New York City, announced the auction house is planning to auction a lot of 104 non-fungible token (NFT) Cryptopunks. The lot of 104 NFTs is predicted to fetch around $20 million to $30 million in USD value, according to Sotheby’s. Sotheby’s ‘Punk It!’ Auction to Sell 104 Cryptopunks…
The market appears to be finding its feet and as the smoke clears, its easier to see which projects are fundamentally flawed and which are returning to their previous trading range where they were before the recent three-week downturn. Trader Joe is one of the decentralized finance (DeFi) protocols that continued to push out new developments during the market-wide correction..…
In brief CFTC Chair Rostin Behnam testified before the Senate Agriculture Committee today about crypto. Many commodities are agricultural products. Bitcoin derivatives clearly are not. Rostin Behnam, the chair of the U.S. Commodity Futures Trading Commission, was on Capitol Hill this morning to argue that his agency needs added legislative authority in order to effectively regulate cryptocurrency markets. And Behnam…
The world’s largest asset manager, BlackRock, is reportedly planning to offer a bitcoin trading service to its investor clients, three people familiar with the matter told CoinDesk. BlackRock entering the Bitcoin space by offering investment products to its clients could represent a watershed moment to the digital currency given that the New York-based firm manages over $10 trillion in assets…
In response to institutional investors’ concerns about the risks of trading in a new asset class, TMX Group, Canada’s major stock market operator, has revealed plans to launch its first-ever crypto futures product. While speaking to Reuters, TMX Group’s John McKenzie said that the firm plans to release the product on the Montreal Exchange later this year. According to Mackenzie,…
