sponsored (Link to full roadmap here: roadmap.pointnetwork.io) With “web 3.0” suddenly upgrading from an obscure area of research to a hot topic of mainstream conversation and a significant part of the 2020-s zeitgeist, more and more questions arise about the nature of the beast. Is “Web3” going to stay a vague and undefinable term, or does it have a precise…
Have you ever had a partner who was no good for you? Your parents, your friends, even the voice in your head told you to split up, but before you knew it, you were married with three kids. For Tesla CEO Elon Musk, that partner is Twitter. The SEC warns him off of tweeting things that can move the market,…
In brief El Salvador made Bitcoin legal tender last year. The U.S. government is worried—and is drafting legislation that aims to protect its financial system. The U.S. is pressing on with legislation aimed at protecting its financial system from El Salvador’s Bitcoin Law. On Monday, lawmakers introduced a new bill asking the State Department to mitigate the risks of El…
Morena Valdez, the tourism minister of El Salvador, has spoken on the recovery the tourism sector of the country has reportedly experienced even after the Covid-19 pandemic. According to Valdez’s statements, tourism has greatly benefited from the introduction of bitcoin as legal tender in the country, and from the foreigners that come to the country for bitcoin-related purposes and business.…
It all started with a tweet by Dennis Porter, podcast host and self-described Bitcoin advocate, that led to a heady discussion about renewable energy and the role of Bitcoin miners. Porter asserted that Bitcoin (BTC) creates incentives to build out renewables, but environmental scientist Peter Gleick rebuffed the statement as a “self-serving lie.” The comments section got heated when Nic Carter,…
The European Commission is calling for financial services specialists to weigh in on the potential rollout of a digital euro. In a Tuesday notice, the European Commission’s Directorate‑General for Financial Stability, Financial Services and Capital Markets Union said it would be preparing an assessment of the central bank digital currency based on the expected impact on financial service providers, retail…
The dominance of public Bitcoin miners over network hash rate has increased more than sixfold in the last 15 months, according to data from Blockchain.com. “Hash rate” is the rate at which Bitcoin miners generate possible answers for constructing Bitcoin’s next block. Comprising 19% of network hash rate, public miners have a 19% probability of solving new blocks right now.…
The United States Department of the Treasury’s Office of Foreign Assets Control has announced it will impose sanctions on darknet market Hydra and virtual currency exchange Garantex. In a Tuesday announcement, the Treasury Department said it had worked with the Department of Justice, Federal Bureau of Investigations, Drug Enforcement Administration, Internal Revenue Service Criminal Investigation, and Homeland Security Investigations to…
“Ocean’s Eleven” director Steven Soderbergh has teamed up with crypto-powered film fund Decentralized Pictures to launch a $300,000 grant on the blockchain film financing platform. According to IndieWire, Soderbergh’s production company Extension 765 has launched the Andrews/Bernard Award on Decentralized Pictures’s platform, offering a $300,000 pot of money to support filmmakers with finishing funds for English-language feature films or shorts.…
The institutional adoption of cryptocurrencies has been gaining momentum over the past couple of years due to venture capitalists and money managers looking to the crypto market as the next investment class that will offer the greatest return. The Boba Network (BOBA) is the most recent protocol to benefit from institutional interest and the long search for an Ethereum (ETH)…
