Every global event or major political crisis these days can trigger a digital asset-related conversation. As China welcomes the world’s top athletes to the Beijing 2022 Winter Olympics, showing off ultra-high-tech facilities and sports infrastructure, some United States politicians have raised concerns over the Games’ potential to act as a booster to the digital yuan’s adoption. In neighboring Myanmar, the military…
Ownership is one of the most critical aspects of nonfungible tokens (NFT). They are a representation of the evolution of execution and ownership of art, content, music, in-game assets, etc., since they are digital assets with distinctive identities that are verifiable on a blockchain network. However, they have also created a new dimension of discussion about the interaction and grey…
Big Four auditor KPMG’s Canadian operation has officially added Bitcoin (BTC) and Ether (ETH) to its corporate treasury, joining other major companies in converting a portion of its fiat holdings into digital assets. The decision to add Bitcoin and Ether to its balance sheet reflects KPMG Canada’s belief that cryptocurrencies are a “maturing asset class,” says Benjie Thomas, a managing partner…
XRP price rose by nearly 30% in less than a week amid positive sentiment around the court case, in which the U.S. Securities and Exchange Commission (SEC) claims that Ripple sold XRP as illegal securities. SEC vs. Ripple Judge Analisa Torres has granted Ripple permission to respond to the SEC’s Memorandum of Law in support of Motion to Strike fair notice defense,…
KPMG Canada has added bitcoin to its corporate treasury.The allocation is a first-of-a-kind investment for the company.KPMG Canada is an independent member affiliated with KPMG International, one of the Big Four accounting firms. Canada’s KPMG has added bitcoin to its corporate treasury through Gemini Trust Company’s execution and custody services, a first for the Canadian member of KPMG International Limited,…
Layer-2 scaling solution Polygon has raised $450 million in a funding round that was backed by some of blockchain’s biggest venture funds — offering further evidence that major investors are looking to support the future of Web3 development. The investment round was led by Sequoia Capital India with participation from more than 40 venture capital funds, including SoftBank Vision Fund…
It’s a shot in the arm for Google Cloud users at risk of cryptocurrency mining attacks. The Google Cybersecurity Action Team (GCAT) has created a threat detection service to shield “poorly configured” accounts that attackers use to mine cryptocurrency. In a blog post, Google Cloud announced the Virtual Machine Threat Detection (VMTD) release in its Security Command Center (SCC) area.…
Erik Voorhees is many things: Bitcoin O.G., outspoken libertarian, and founder of the crypto exchange company-turned-DAO ShapeShift. He also hates the concept of central bank digital currencies (CBDCs) with a passion. “No one who’s in crypto likes CBDCs. No one who understands the value of cryptocurrency likes CBDCs at all,” Voorhees said during an extensive conversation on Episode 2 of…
Following a strong weekend, bitcoin’s surge continued to start the week, as Tesla announced close to $2 billion worth of holdings in BTC. Overall, crypto markets were around 3% higher on Monday. Bitcoin Bitcoin, which consolidated for the majority of last week, moved closer to a three-week high today, climbing by as much as 3% as of writing. BTC/USD rose…
Crypto asset manager Valkyrie will have an exchange-traded fund with exposure to Bitcoin mining firms available for trading on the Nasdaq Stock Market starting tomorrow. A spokesperson for Valkyrie told Cointelegraph that the firm’s Bitcoin Miners ETF will begin trading on the Nasdaq on Tuesday under the ticker WGMI. According to a Jan. 26 filing with the Securities and Exchange…
