A U.S. senator has warned about China’s central bank digital currency. “Analysts have raised the eCNY’s potential to subvert U.S. sanctions, facilitate illicit money flows, enhance China’s surveillance capabilities, and provide Beijing with ‘first mover’ advantages,” the senator informed Treasury Secretary Janet Yellen. U.S. Senator Warns About the Threat From China’s Central Bank Digital Currency U.S. Senator Pat Toomey sent…
By 2026, 25% of people will spend at least one hour a day in the Metaverse for work, shopping, education, social, and entertainment purposes, according to new research. The Feb. 7 report by technology research and consulting company Gartner found that in anticipation of this migration to the Metaverse, brands are already building the infrastructure to allow their users to…
Ethereum Classic is a smart contract platform and cryptocurrency. Ethereum Classic (ETC) shouldn’t be confused with Ethereum (ETH), even though they were the same until an argument led to divorce. Below we explore what led to the split. What is Ethereum Classic? Ethereum Classic is very similar to Ethereum because it shares a common origin. It’s a blockchain that allows…
KPMG in Canada has added bitcoin and ether to its corporate treasury in what the company called a “first-of-its-kind investment.” KPMG said: “This investment reflects our belief that institutional adoption of crypto assets and blockchain technology will continue to grow and become a regular part of the asset mix.” Bitcoin and Ether on Balance Sheet of KPMG in Canada KPMG…
DeFi and NFTs are often mentioned in the same breath. But much less often do they truly go together. Decentralized leverage trading platform FODL is trying to change that. As it started exploring use cases such as accepting NFTs as collateral, it realized it could probably help its traders get a head start. So it’s giving away around $1 million…
Since starting its fundraising efforts on February 3, AssangeDAO has raised over 14,329 ETH, around $44.8 million, according to DAO fundraising site Juicebox. In four days, AssangeDAO, whose mission is to free Julian Assange, has raised more than the now-defunct ConstitutionDAO formed last fall to bid on a rare copy of the United States Constitution. That effort pulled in 11,613…
Elon Musk’s electric car company, Tesla, has filed an annual report with the U.S. Securities and Exchange Commission (SEC) showing bitcoin holdings with a fair value of almost $2 billion at the end of December. The company sees crypto as both an investment and liquid alternative to cash. Tesla Has $2 Billion in Bitcoin Tesla filed an annual report with…
Russia’s second-richest man believes digital tokens and a central bank digital currency would help the country move forward—and make the current debate in the country regarding cryptocurrency regulation pointless, according to reports. Business magnate Vladimir Potanin, who is worth $30.4 billion, said that advancement in the world of tokenization would “squeeze unreliable products out of the market,” in a Monday…
The Price of Yesterday’s Innovation: Applying Insights From Jeff Booth’s “The Price of Tomorrow” To The U.S. Patent System *Special thanks to Jeff Booth for discussing these ideas with the author. In his 2020 book, “The Price of Tomorrow: Why Deflation Is the Key to an Abundant Future,” Jeff Booth describes two opposing forces at the core of our economy:…
In brief College football players in this past weekend’s Senior Bowl each received a one-of-a-kind personalized NFT collectible. The NFTs were minted on trading card brand Panini’s own blockchain platform. Sports represent an increasingly sizable chunk of the thriving NFT market, from Dapper Labs’ NBA Top Shot to Tom Brady’s Autograph platform to Fanatics’ Candy Digital. But college football’s Senior…
