The Coinbase ad which aired during the Superbowl last week appears to be causing quite a stir on social media in light of new information on its origins. When scanned, the 60-second tv spot featured a color-changing, bounciful QR code that brought users to a promotional BTC giveaway page — seemingly based on the oft-meme’d DVD screensavers of yore. Yesterday, in a…
Tether Holdings Limited has released its latest quarterly assurance opinion, which shows a 21% decrease in commercial paper holdings over the latest quarter. In an accompanying blog post on the Tether website, the company says these latest figures demonstrate that the group’s reserves held for digital tokens issued exceed the amount required to redeem issued digital tokens. The company adds…
The total value of assets under management held by decentralized autonomous organizations (DAOs) has fallen by $3.1 billion in the past month—with more than a third of that sum in just the past week. According to DeepDAO, which tracks 4,228 DAOs, the current value of treasuries held by DAOs stands at $7.6 billion, down $1.1 billion over the past week.…
UK law firm Gunnercooke has announced that it is now accepting cryptocurrency as payment for legal and professional services. “It’s vital that we accept payment in this way for our substantial client base, which spans the entire blockchain and cryptoasset ecosystem,” said Financial Services and FinTech Partner James Burnie in a prepared statement. “Accepting payment in cryptoassets demonstrates our commitment…
California is the latest U.S. state to jump on the bitcoin payments bandwagon. Senator Kamlager filed Bill 1275 to the state’s legislature on Friday to add a section to the government code that relates to services provided by Californian agencies to the public. “This bill would authorize a state agency to accept cryptocurrency as a method of payment for the…
Bitcoin (BTC) recovered to $38,000 as Wall Street opened on Feb. 22 amid a tense atmosphere over geopolitical instability. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin tiptoes around macro cues Data from Cointelegraph Markets Pro and TradingView showed an eerily calm start to the first Wall Street session of the week for both stocks and crypto. Fears had been high…
Russian Ministry of Finance has prepared and submitted a new bill to expand crypto regulations to the government. The law “On Digital Currency” aims to introduce rules for investment in cryptocurrencies while at the same time cementing a ban on their use in payments. Draft Law ‘On Digital Currency’ to Regulate Crypto Turnover in Russia The Ministry of Finance of…
In 1602, the Dutch East India Company was formed in what many consider the world’s first initial public offering — allowing perfect strangers to share in stock ownership. Four centuries later, the joint-stock model — especially its incarnation as the modern business “corporation” — sets the pace for much of the economic world. But, decentralized autonomous organizations, or DAOs, could…
Ethereum found support on Tuesday, following a drop to a three-week low earlier in today’s session. This comes as the price of bitcoin also consolidated, following recent bearish pressure. Bitcoin The selloff in BTC momentarily eased on Tuesday, as global markets continued to closely monitor the Russia/Ukraine situation. BTC/USD dropped to a low of $36,488.93 earlier in today’s session, which…
Oasis, a blockchain focused on privacy, is a relative newcomer compared to other layer-1 blockchains (a class that includes Ethereum, Solana, and Avalanche), but it’s been attracting a lot of value on its network straight out of the gate. Last January, in the days immediately following the network’s DeFi ecosystem launch, the total value of funds locked into the network…
