Welcome to the latest edition of Cointelegraph’s decentralized finance newsletter. This week has been full of funding raises, innovations, service deployments, and a bit of volatile technical price action — for a change. Axelar Network attains $1B valuation following secondary raise The Axelar Network announced the completion of a $35-million Series B funding round this week, elevating its total market…
Yes, I am homeless. Unhoused. I am not alone. In the Netherlands, there are 38,000 homeless, growing daily. It can happen to anyone. One day, you have a job, a relationship and a bed, and before you know it, you’re sleeping on coaches, walking the streets and ending up on benches or worse. I have been unhoused since 2019. I…
The State Duma of Russia, the lower house of parliament, has passed a law permitting law enforcement authorities to seek confiscation of illegally obtained funds from government officials, including cryptocurrency. The state may attempt to seize the assets through court if they exceed the officials’ income. New Law Allows Russia to Prosecute Officials With Illegal Crypto Holdings Government officials who…
Last week’s Crypto Biz newsletter explained how Wall Street is essentially marketing Bitcoin (BTC) for us after Wells Fargo said digital assets could “soon hit a hyper-inflection point” in terms of adoption. This week, JPMorgan Chase issued its own bullish outlook when it labeled the etaverse a $1 trillion a year opportunity. In addition to JPMorgan, the New York Stock…
In brief Wyoming lawmakers have proposed legislation to have the state issue its own stablecoin. The proposed stablecoin would be pegged to the U.S. dollar. Will a state launch its own stablecoin by the end of the year? It could happen if legislation proposed in Wyoming this week ultimately passes. On Thursday, lawmakers proposed the Wyoming Stable Token Act (SF0106),…
U.S. states are keen on bitcoin miners and see tax cuts as the best tool to attract them. Illinois State legislation first filed in January that this week picked up a co-sponsorship from Democrat Senator Julie Morrison is seeking to extend a data center tax incentive program to bitcoin mining farms, The Block first reported. Now-bipartisan Bill 3643, filed by…
Nonfungible tokens have largely been acquired as proof-of-profile pictures (PFPs) that represent a brand, embody culture or ultimately, reflect as a static status symbol. Blue-chip NFTs like Bored Ape Yacht Club or Cool Cats were not originally backed by any tangible utility other than speculative value and hype, along with the promise of an illustrative roadmap, but in 2022, investors…
An Ontario Superior Court judge has issued an order to freeze millions of dollars in funds, including some in Bitcoin and other cryptocurrency, as Ottowa’s convoy protests continue, per The Globe and Mail. The freezing order—otherwise known as a Mareva injunction—was made late yesterday evening as part of the wider lawsuit filed against the convoy by the residents of Ottawa. …
The Federal Open Market Committee, or FOMC, has approved rules which would ban senior officials at the Federal Reserve from purchasing and holding cryptocurrencies and other investments. In a Friday announcement, the FOMC said that starting on May 1, senior Federal Reserve officials already working at the agency would have one year to “dispose of all impermissible holdings,” while new…
Earlier this month I published part one of the “Bitcoin Is Not Democratic” series. In order to get a handle on how we can avoid the mistakes of the present, in part two, we’ll dive deeper into its impact on society and explore concepts such as wealth, poverty, free markets, politics, private versus public property, human rights, property rights, peace,…
