Commodity Futures Trading Commissioner (CFTC) Caroline Pham has proposed the creation of an “Office of the Retail Advocate” aimed at expanding the CFTC’s consumer protection mandate. Pham referred to the office as a “voice for the people” in a speech given at an event hosted by blockchain project Corda on Sept. 27, suggesting recent events in crypto make retail protection…
Interbank messaging system SWIFT has partnered with price oracle provider Chainlink (LINK) to work on a proof-of-concept (POC) project which would allow traditional finance firms the ability to transact across blockchain networks. Chainlink co-founder Sergey Nazarov announced the project at its SmartCon 2022 Conference in New York on Sept. 28 alongside SWIFT strategy director Jonathan Ehrenfeld Solé. SWIFT is using…
This is an opinion editorial by Mickey Koss, a West Point graduate with a degree in economics. He spent four years in the infantry before transitioning to the Finance Corps. Ethereum founder Vitalik Buterin recently voiced concerns about Bitcoins long term security citing relative security budgets based on network fee structures. These concerns are unfounded and structured upon a false…
Federal Reserve Chairman Jerome Powell says the U.S. central bank is looking at whether to issue a digital dollar with a “very broad scope.” He noted that the Fed is collaborating with Congress and the executive branch on whether to issue a central bank digital currency. Fed Chair Powell on Digital Dollar Progress Federal Reserve Chairman Jerome Powell provided an…
Maple Finance co-founder and CEO Sid Powell says that transparency has been the saving grace of decentralized finance (DeFi) amid the prolonged crypto market slump. Speaking to Cointelegraph on the sidelines of Converge22 conference in San Francisco, Powell noted that throughout the crypto winter, DeFi has continued to operate as intended while centralized finance (CeFi) has become “pretty inactive.” Powell…
This is an opinion editorial by Samantha Messing, a Brown grad making the world a better place with Bitcoin. Investing legend and limousine liberal Warren Buffett has never been a fan of Bitcoin. He recently commented: “If you offered me all the Bitcoin in the world for $25, I wouldn’t take it.” Of course, Buffett does not get “it.” He…
Kieran Warwick, co-founder of the blockchain role-playing game Illuvium has lifted the curtain on a gaming concept he says has never been done before — the interoperable blockchain game (IBG). Speaking to Cointelegraph during Token2049 in Singapore, Warwick said Illuvium has three games currently being built which will be underpinned by the same economy, governed by a single token (ILV), …
Former Google CEO Eric Schmidt thinks Web3 is “not normal” compared to other industries—but says it’s on the right track. In a Wednesday fireside chat at the SmartCon conference in New York City, Schmidt shared his thoughts and concerns about the current state of crypto and Web3 with Chainlink Labs Co-Founder Sergey Nazarov. “I’m historically a skeptic,” Schmidt said of…
In brief CryptoPunks NFT #2924 sold for nearly $4.5 million worth of ETH today. All told, the Ethereum NFT collection has generated almost $2.4 billion worth of trades to date. Overall NFT sales might be down significantly from earlier this year, but collectors are using the bear market and the falling price of ETH to snap up relatively good deals…
This is an opinion editorial by Charles MacKenzie, head of business development at BitcoinRacing. The U.K.’s most prestigious motorsports circuit which became the Grand Prix’s permanent home in 1987, and has remained a fixture on the F1 calendar ever since will soon be swarmed by a small army of Bitcoin enthusiasts. Over 125 Bitcoin fanatics are congregating at Silverstone Circuit…
