On Jan. 31, Meta, formerly known as Facebook, announced that it was pulling from its stablecoin project, Diem, formerly known as Libra. Intellectual property and other assets related to the operations of the Diem Payment Network were to be sold to Silvergate Capital Corporation, essentially meaning the end to Mark Zuckerberg and his corporations’ stablecoin aspirations, at least in their…
On February 13, crypto comes to the Super Bowl. FTX, the $32 billion crypto derivatives exchange that has been on a sports marketing spending spree in the past year, bought a Super Bowl ad in October. Just days before Christmas, rival exchange Crypto.com followed suit. The cost of an ad in this year’s game (Super Bowl LVI) is $6.5 million…
During the last year, Bitcoin — the cryptocurrency network that leverages proof-of-work (PoW) to process transactions and secure the protocol — has received a lot of criticism about its environmental impact. This week, the cryptocurrency firm Coinshares published a report that shows talking points condemning the network’s electrical consumption have been greatly exaggerated. According to Coinshares’ data, Bitcoin’s mining infrastructure…
Progressive International, a global organization supporting progressive left-wing activists and organizers, is moving into cryptocurrencies in response to getting de-banked by major payment and banking firms. The organization took to Twitter on Monday to announce that it now accepts donations in cryptocurrencies like Bitcoin (BTC) and Ether (ETH) to defend itself against attempts to shut them out of the global…
The Financial Sector Conduct Authority (FSCA) of South Africa issued two notices yesterday, warning the public against dealing with crypto exchanges FTX and ByBit. In a press release, the FSCA told the public to be “cautious and vigilant” when trading with Bahamas-based FTX, adding that “FTX is not authorised to give any financial advice or render any intermediary services in…
Complexity is the enemy of mass adoption—and if decentralized finance (DeFi) has been anything to date, it’s complex. It’s true that a niche of crypto pioneers are comfortable navigating the often challenging DeFi ecosystem, from the various different protocols to the nuances of asset circulation. But the average investor needs a simple, intuitive user experience that makes it easy to…
In brief The new ETF consists of a basket of 22 crypto-forward companies. It will trade on the New York Stock Exchange under the ticker GFOF. Grayscale Investments, which is best known for offering Bitcoin and other cryptocurrencies in the form of shares, is branching out into the traditional stock market. On Wednesday New York-based Grayscale announced the “Future of…
Bitcoin conferences and meetups are great expressions of the Bitcoin ethos and culture. They come in all varieties, from casual drinks meetups, to formalized talks and panels, to small-scale conferences, all the way up to the biggest events that see tens of thousands of attendees. I’m a believer in building Bitcoin communities and meetup groups, because of the connections you…
India’s finance secretary has confirmed that it is not illegal to buy or sell crypto assets in India. Regarding cryptocurrency regulation, “the government’s approach is to consult widely and also to look at what’s happening internationally,” he explained. Crypto Is Not Illegal in India, Official Confirms Following the announcement on cryptocurrency taxation by Indian Finance Minister Nirmala Sitharaman, Finance Secretary…
Major crypto exchanges originating from Asia as well as from the West have shown an increasing interest in the Asia-Pacific region. Coinbase launched in Japan last year, joining the selected group of exchanges to offer crypto trading services to native customers. Binance, the world’s leading crypto exchange by trading volume, has forged a series of new partnerships in Singapore, Indonesia…
