A California state regulator may be looking at overturning a ban on cryptocurrency donations to political campaigns which has been in effect since 2018. According to its May 2022 agenda, California’s Fair Political Practices Commission, or FPPC, has scheduled a “pre-notice discussion” on Thursday on the use of cryptocurrencies f campaign contributions in the state. The commission said it will…
In brief Avalanche is an advanced blockchain platform that promises extreme scaling capabilities and fast confirmation times. Developers are working on scaling innovations such as subnets, which allow projects to connect to Avalanche without taking up any space. In the race to produce the fastest, most feature-complete blockchain there is, a handful of major players have emerged in the last…
The United States Department of Justice may move forward on a criminal prosecution case against a U.S. citizen who allegedly violated sanctions through cryptocurrency. According to a Friday opinion filing in U.S. District Court for the District of Columbia, the unnamed individual who is the subject of a criminal investigation by the Justice Department allegedly sent more than $10 million…
In brief From Sunday, May 8, to Saturday, May 14, Bitcoin derivatives traders lost over $1.2 billion in liquidations. Long positions took the brunt at the beginning, while short positions got burnt later in the week. Think you had a bad week? Try being a crypto day trader. From Sunday, May 8—when the TerraUSD stablecoin began losing its peg to…
Winston Churchill’s statement to “never let a crisis go to waste” can be applied across many aspects of society, including the recent carnage seen in the crypto market. Last week’s volatility is likely to have newer investors and those who took on heavy losses questioning the future of the burgeoning asset class, but in every bear trend there is a…
In brief Virtual cannabis dispensaries are opening up in Ethereum-based metaverse game worlds like Voxels and Decentraland. Crypto Cannabis Club’s dispensary in Voxels is a recent example that even lets California residents order actual weed. As more states embrace legal marijuana for medical and recreational usage, dispensaries are popping up all over the United States. They’re even showing up in…
Use popular Ethereum dapps with Coinbase’s new dapp wallet and browser Tl;dr: This post highlights the ability to access and explore web3 directly from your Coinbase app, powered by our new dapp wallet and dapp browser. By Rishi Dean, Director of Product Management Over the past year, there has been an explosion of interest in web3 and dapps, including NFTs,…
Celsius Mining, the mining subsidiary of crypto lending platform Celsius Network, has filed paperwork with the United States Securities and Exchange Commission, or SEC, suggesting plans for an initial public offering (IPO). In a Monday announcement, Celsius said its mining subsidiary had filed a Form S-1 draft registration statement with the SEC, suggesting the firm may be planning an initial…
In brief Because of the way it’s built, Bitcoin suffers from slow transaction speeds and high transaction costs. The Lightning Network is a “second-layer solution” that speeds up transactions, while reducing costs, by skirting the main Bitcoin blockchain. Bitcoin has been hampered by its own popularity. Thanks to the way the blockchain is designed, the speed of transactions is slow…
Its been a rough couple of weeks for the cryptocurrency market. Bitcoin (BTC) price is no where near the price estimates of most analysts, multiple stablecoins lost their peg and the demise of one of the top decentralized finance (DeFi) platforms sparked an event that resulted in $900 billion vanishing from the total crypto market capitalization. In the midst of the…
