In brief Rainbow, an Ethereum mobile wallet, has raised $18 million in Series A funding. Seven Seven Six, the VC firm started by Reddit co-founder Alexis Ohanian, led the round. Ethereum mobile wallet startup Rainbow announced today that it’s raised an $18 million Series A funding round led by Seven Seven Six, the venture capital firm established by Reddit co-founder…
U.S. Congressman Warren Davidson (R-OH) introduced legislation entitled the “Keep Your Coins Act” this morning. This comes in the wake of mounting concerns over crackdowns on civil liberties in Canada, as private companies and the Canadian government leverage control of the legacy financial system to disrupt ongoing protests over COVID-19 policies. If passed, the bill would prevent any agency head…
The Canadian government has invoked the Emergencies Act to deal with the Freedom Convoy protests, said Prime Minister Justin Trudeau. The scope of Canada’s anti-money laundering and terrorist financing rules is also broadened to cover crowdfunding platforms and “all forms of transactions, including digital assets such as cryptocurrencies.” Canadian Government Invokes Emergencies Act Canadian Prime Minister Justin Trudeau announced Monday…
Binance, the world’s biggest cryptocurrency exchange, today rebranded its blockchain networks. In a Tuesday announcement, Binance said that Binance Chain and Binance Smart Chain (BSC) would become one ecosystem: BNB Chain. Importantly, the move removes the company’s own name from that of its blockchain network, which in the past has been criticized for being more centralized than its competitors, such…
In brief Disney has appointed executive Mike White to lead its metaverse push. CEO Bob Chapek said that “teams across the company” are already working on the metaverse. We soon could see Disney’s enviable library of characters, properties, and experiences in the metaverse as the future vision of the internet develops. The mouse house is making big moves in the…
Members of the U.S. Senate Banking Committee have reportedly divided along party lines regarding President Joe Biden’s pick of Sarah Bloom Raskin as vice chair for supervision for the Board of Governors at the Federal Reserve. According to a Tuesday report from Reuters, Senator Pat Toomey, the ranking member on the Senate Banking Committee, said he had asked the 12…
GALA was one of Tuesday’s big gainers, as cryptocurrency markets were once again trending upwards. Overall, the cryptocurrency market capitalization is around 4% higher as of writing. Biggest gainers On Tuesday, crypto markets were green across the board, as traders once again re-entered the marketplace following the uncertainty caused by the tensions between Russia and Ukraine. Gala (GALA) was one…
On Tuesday privacy coin Monero (XMR) mining pool MineXMR’s hash rate surpassed over 1.4 GH/s, accounting for 44% of the hash rate of the XMR network. MineXMR has about 13,000 miners and charges a 1% pool fee. According to a screenshot from Archive.org, last August, the pool only contributed to 34% of the hash rate of the XMR network. The…
This week on “The Market Report,” we jump right into our main event. Join Cointelegraph analysts Benton Yaun, Jordan Finneseth, Sam Bourgi and Ornella Hernández as they debate each other on the top metaverse projects on the market. First up, we’ve got Bourgi’s pick of Wilder World, which allows you to interact with its immersive 3D world via nonfungible tokens…
In brief The arrangement will let crypto recipients in Mexico cash out at more than 37,000 stores Coinbase says it plans to expand the program to other countries Coinbase announced a pilot program on Tuesday that will let Mexicans receive crypto transfers and then convert the balance into pesos by presenting a redemption code at more than 37,000 stores. The…
