Stephen Diehl was giving an ebullient toast at the world’s first conference for crypto skeptics, which he co-hosted this week. “We want to thank the sponsors, and of course the illuminati,” he said, to an almost frenzied hysteria from the gallery. “We couldn’t have done it without them!” It was the final evening of the two-day Crypto Policy Symposium in…
Tl;dr: Coinbase is funding a lawsuit brought by six people challenging the US Treasury Department’s sanctions of the Tornado Cash smart contracts and asking the Court to remove them from the U.S. sanctions list. The lawsuit explains that OFAC exceeded its authority from Congress and the President in sanctioning open source technology, rather than sanctioning the bad actors who used…
Ethereum was back in the green on Thursday, as bulls returned to action following yesterday’s sell-off. The token rose by over 8% in today’s session, as prices once again climbed above the $1,600 level. Bitcoin also rebounded in today’s session, moving back above $19,000. Overall, crypto markets are trading 4.39% higher as of writing. Bitcoin After slipping to a multi-month…
Animoca Brands, a major player in the metaverse and blockchain gaming, has officially disclosed details of a funding round led by Singapore’s state-owned investor Temasek. Animoca announced on Thursday that it closed a strategic funding round of $110 million from the issuance of convertible notes to a small number of institutional investors. Completed at a conversion price of 4.5 Australian…
Ethereum is just over a week away from officially moving to a proof-of-stake (PoS) blockchain with the Merge slated for completion around Sept. 13–15. With the transition, Ethereum would abandon its current proof-of-work (PoW) chain, eliminating miners from the ecosystem. Ethereum is a vast ecosystem with thousands of decentralized applications and decentralized finance protocols working on top of it. Additionally,…
Coinbase has a bold plan to help MakerDAO generate $24 million annually. The American crypto exchange recently proposed that the popular DeFi project deposit $1.6 billion in USDC on Coinbase instutional, the exchange’s institutional arm, and earn 1.5%. The sum would be pulled from MakerDAO’s Peg Stability Module (PSM), a smart contract that, among other services, helps keep DAI pegged…
Ethereum’s native token Ether (ETH) shows the potential to log major gains versus Bitcoin (BTC) with the ETH/BTC pair nearing yearly highs. Ether paints classic bullish reversal pattern The bullish cues come from a classic technical pattern called the inverse head and shoulders, which develops when the price forms three troughs below a common support level known as neckline. The…
In brief Social token platform Roll has launched on-chain Ethereum memberships and staking features for creators. Roll is working on an API that will let creators sell social tokens through other platforms, potentially including Twitter and Twitch. Social tokens offer a way for web creators to construct and monetize communities of fans, and Ethereum-based platform Roll has just launched a…
Highly anticipated medieval strategy massively multiplayer online (MMO) game Blocklords is out, unraveling iconic characters, pitched battles and engrossing drama. A genre-defining grand strategy game of MetaKing Studio, Blocklords introduces players to a universe where players’ actions have a bearing on their characters, other players and the medieval world around them. A captivating multi-player play-to-earn (P2E) game, Blocklords gives players…
On Thursday, Hubble Protocol—the Solana-based decentralized finance (DeFi) protocol behind stablecoin USDH—announced the completion of a $5 million fundraising round. Led by Multicoin Capital, the raise brings Hubble’s total financing to date to $15 million. Past investors in the protocol include DeFiance Capital, Delphi Digital, Crypto.com Capital, Jump Capital, and others. Hubble markets its signature financial product, USDH, as a…
