Although cryptocurrency may still be misunderstood on Capitol Hill, crypto is becoming more political as its influence gains traction. For instance, lobbying by those involved in the cryptocurrency industry has reached new heights. A report from the nonprofit consumer advocacy group Public Citizen found that the number of lobbyists for cryptocurrency-related issues rose from 115 in 2018 to 320 in…
Europe’s Anti-Money Laundering and Combatting the Financing of Terrorism (AML/CFT) watchdog, MONEYVAL, has listed monitoring the crypto sector along with “gatekeeper” professionals, such as lawyers and accountants, as priorities in European nations’ push to combat money laundering. In a media release based on the findings of its annual report, MONEYVAL called upon European jurisdictions to assess compliance with international standards…
LGT Bank, the largest family-owned private bank in the world, is offering direct investments in bitcoin and another cryptocurrency for select clients. The service will be custodied through a partnership with Swiss SEBA Bank.Initially the offering will only include select clients in Liechtenstein and Switzerland with plans to expand. LGT Bank, the largest family-owned banking group in the world, now…
By Darin Carter, Coinbase Giving Program Manager This fall, Coinbase Giving launched the Blockchain Breakthroughs Innovation Challenge as a step to raise awareness about blockchain technology and make it more inclusive and accessible for everyone. The purpose of this challenge was to source innovative ideas for how to leverage the unique attributes of blockchain technology to solve some of our…
It’s been six months or roughly 180 days since bitcoin reached an all-time high at $69K per unit on November 10, 2021, and bitcoin’s USD value is down 45% from that point. Typically after bitcoin’s price tops, the bear market that follows leads to a large 80% or more decline in value. However, because the recent price top resembles the…
Blockchain technology is familiar to cryptocurrency users and national banks, and awareness of it is spreading fast to gamers. Applications in industry, particularly supply chain management, have been appearing as well. Through them, blockchain technology may improve domestic life in unseen ways, such as ensuring high-quality food, responsibly sourced seafood, or preventing the counterfeiting of pharmaceuticals. Nonetheless, the home may…
Shanghai residents, the largest city in China with a population of more than 25 million people, are finding novel ways to vent their frustration over the country’s zero-tolerance COVID policies. One of them is Simon Fong, a 49-year-old freelance designer from Malaysia who has been living in Shanghai for the past nine years. Last month, he began creating satirical illustrations…
Bitcoin was trading marginally higher on Wednesday, as crypto markets returned to the green ahead of the Fed meeting. ETH also rebounded in today’s session, moving away from its long-term support level in the process. Bitcoin BTC was trading higher on Wednesday, as bulls re-entered the market ahead of today’s Federal Reserve rate decision. Following a floor of $37,585.62 during…
In his monthly crypto tech column, Israeli serial entrepreneur Ariel Shapira covers emerging technologies within the crypto, decentralized finance (DeFi) and blockchain space, as well as their roles in shaping the economy of the 21st century. With the news that Meta plans to take a nearly 50% cut of virtual asset sales in Horizon Worlds, it will not be surprising…
Finney was also the first person to publicly run Bitcoin (BTC), going down in the annals of crypto Twitter history with a famous tweet that often resurfaces: Raise a glass to the world’s first Bitcoiner today. Hal Finney, the first person to receive a Bitcoin transaction from none other than Satoshi Nakamoto would have celebrated his birthday today. Running bitcoin —…
