Maple Finance CEO on Facilitating $300M in Loans to Bitcoin Miners Sidney Powell, co-Founder and CEO of Maple Finance, joins Decrypt’s Liam Kelly and Stacy Elliott in our Decrypting Mainnet series at Mainnet 2022 to discuss its unique role in the lending space, why Bitcoin miners are willing to pay up to 20% for a loan, and how it’s building…
Meta, Facebook and Instagram’s parent company, announced another development on its digital arts initiative. As of today, all users on both platforms can connect wallets and share nonfungible tokens (NFTs) across 100 countries. As part of the feature, which has been in testing since May, users will be able to tag creators and collectors and cross-post digital collectibles between platforms…
Crypto Investor Matthew Graham: ‘The LARPers Are Gone’ Thanks to Bear Market Sino Global Capital CEO Matthew Graham, a longtime crypto investor, joins Decrypt’s Dan Roberts in our Decrypting Mainnet series at Mainnet 2022 to talk about investment choices during the bear market, DeFi growth prospects, how crypto needs to do a better job of “encouraging good actors and being…
Republican lawmakers drafted a bill enabling investment managers to offer bitcoin in 401(k) plans.The bill seeks to remove liability for a breach of fiduciary duty for offering access to bitcoin and cryptocurrencies. The bill is likely to be presented following the midterm elections in November 2022. Three republican members of Congress presented a bill, named the Retirement Savings Modernization Act,…
In brief Upcoming Solana-based game Star Atlas just released a playable demo via the Epic Games Store for NFT owners. Developer ATMTA also released a toolkit that lets other studios connect Unreal Engine 5-based games to the Solana blockchain. Star Atlas is arguably one of the most ambitious NFT-driven games on the horizon, although it could be years before the…
The European Central Bank (ECB) Eurosystem digital euro project’s two-year investigative phase has reached its halfway point. The ECB published a progress report Sept. 29 that looked at design and policy issues that are under consideration or have been decided. The report said commerce in physical stores and online is the biggest use case for a euro central bank digital…
The first purchase of cryptocurrency with Kazakhstan’s local currency has been finalized.The President of Kazakhstan says further demand could likely result in full legal recognition of digital assets. The country will continue running a pilot program through this year to test demand and security. Kazakhstan’s first cryptocurrency purchase with its local currency, the tenge, took place today as the country…
The monetary authorities of four jurisdictions in Asia have carried out tests with international settlements using state-issued digital currencies. Cross-border payments and foreign exchange transactions totaling over $22 million were made as part of the pilot project with the participation of the Bank for International Settlements. Asian Central Banks Pilot Real-Value International Settlements With Digital Currencies The monetary policy regulators…
Famed short seller Jim Chanos had some cutting words about Coinbase’s business model, calling the crypto exchange “symptomatic of the predatory junkyard that is crypto” in an interview with CNBC. He highlighted the high costs in the industry as being a serious issue going forward, saying “this is a really high-cost industry that needs lots of activity and needs really…
press release PRESS RELEASE. GensoKishi Online is excited to announce that on September 29th, 2022 10AM(UTC), their in-game token ROND will be listed on Bybit, a leading crypto asset exchange. GensoKishi, the web3 sequel to the award-winning Nintendo Switch/PS4 game “Elemental Knights”, has undoubtedly become the most anticipated GameFi title to have originated from Japan. Now, GensoKishi will rebrand as…
