The tech trade group Chamber of Progress called on members of the United States Senate and House of Representatives for regulatory clarity in the crypto space in an effort to prevent firms from leaving the country. In a Wednesday letter addressed to eight committee chairs in the House and Senate, Chamber of Progress financial policy director Janay Eyo urged Congress…
The Financial Services and Markets Bill was introduced into the UK Parliament on July 20. The comprehensive bill, which was meant to preserve the UK’s leading place in the financial world post-Brexit, repealed retained EU laws, reformed certain insurance laws, supported victims of financial fraud and established new growth and competitiveness objectives. The bill also regulated stablecoins. The presence of…
The Ethereum-centric and decentralized protocols software firm Consensys has announced the launch of TURN token, or “Time-Unit Representative NFTs.” Consensys details that TURN tokens will create a new market for tokenized security auditing via Consensys Diligence, the firm’s smart contract audit service. Consensys Diligence to Launch TURN Tokens in Mid-August From August 15th to the 19th, Consensys disclosed a token…
In this week’s newsletter, read about the most expensive CryptoPunk sale in 30 days. Check out the report that predicts the growth of the NFT market in 2030 and actor Bill Murray’s biographical NFT project. Additionally, you can learn about the successful tech demo of the Otherside Metaverse. And don’t forget about this week’s Nifty News roundup featuring a Bored…
NFT registration platform Premint, which over the weekend suffered a hack that saw over 300 NFTs stolen from users’ wallets, announced today that it intends to repay the hack’s victims. In a live-streamed incident update this afternoon, Premint CEO Brenden Mulligan announced that the company, in collaboration with “a third-party, non-Premint employee” performed on-chain analysis this week to compile a…
Cryptocurrency investors continue to enjoy this week’s bullish price action after Bitcoin, Ether (ETH) and a handful of altcoins rallied on July 20 alongside gains in the traditional markets. Data from Cointelegraph Markets Pro and TradingView shows that a midday rally by Bitcoin (BTC) bulls managed to lift the top crypto to a daily high of $24,281, which sparked a new…
Crypto enthusiasts are finally getting some respite from the ongoing bear market as the price of Ethereum has increased 48% before the looming Merge upgrade that transitions the blockchain into one powered by proof-of-stake consensus. As a result, the future of Ethereum has become one of the highly discussed topics during the annual Ethereum Community Conference, or EthCC in Paris.…
In brief Hit game Minecraft will block the use of NFTs and blockchain technology on its servers. Microsoft’s game will also bar the creation of NFT projects based on its assets. Minecraft is one of the world’s most popular games, and publisher Microsoft’s sandbox-style affair has only grown since its initial 2009 launch. But developer Mojang isn’t keen on seeing…
Ethereum co-founder Vitalik Buterin today thanked the Shiba Inu community for helping make his PhD fellowship fund a reality. Shiba Inu’s anonymous developers last year gifted Vitalik Buterin a load of SHIB tokens. In fact, they sent him 50% of the total supply to address to remove it from circulation. But Buterin, who is known in the crypto world for…
Crypto exchange FTX and its United States subsidiary FTX US have reportedly each set new fundraising targets following the firms planning several high profile acquisitions and credit lines to firms. According to a Wednesday report from Bloomberg, FTX co-founder Sam Bankman-Fried discussed raising money matching that of a January funding round, in which the firm closed on a $400 million…
