BTC and many altcoins are kicking up dust after the Federal Reserve chairman Jerome Powell discussed the possibility of smaller rate hikes in 2023, but is the momentum sustainable? Source: https://cointelegraph.com/news/price-analysis-11-30-btc-eth-bnb-xrp-ada-doge-matic-dot-ltc-uni
Sherrod Brown, chair of the United States Senate Banking Committee, has called on Treasury Secretary Janet Yellen to work with financial regulators and lawmakers on comprehensive crypto legislation “in the wake of FTX’s implosion.” In a Nov. 30 letter to Yellen, Brown requested the Treasury Secretary coordinate with regulators to address crypto based on recommendations from the Financial Stability Oversight…
This is an opinion editorial by Roy Sheinfeld, the cofounder and CEO of Breez, a Lightning Network mobile app. A version of this article was originally published on Medium. It’s almost tautologically true that specialization within a social system increases with sophistication. In fact, increasing specialization could be one way to define social sophistication. Example One: Our global society is…
On Wednesday, Nov. 30, 2022, a blog post published by the European Central Bank (ECB) discusses bitcoin and the authors Ulrich Bindseil and Jürgen Schaaf seem to believe its “bitcoin’s last stand.” The ECB authors further say that while bitcoin’s price has consolidated and stabilized, the central bank officials remarked that “it is an artificially induced last gasp before the…
Telegram is set to build a set of decentralized tools, including noncustodial wallets and decentralized exchanges, according to founder Pavel Durov via his Telegram channel on Nov. 30. The initiative is a response to the recent FTX collapse, said Durov, as the industry ended up being concentrated in the “hands of a few to abuse their power. As a result, a…
FTX US won a $1.4-billion bid to purchase Voyager’s assets in September, but with the firm filing for bankruptcy, the funds were once again up for grabs. Source: https://cointelegraph.com/news/inx-submits-bid-for-voyager-digital-s-assets
The recent collapse of crypto exchange FTX highlights the “absolute need” for decentralization, according to Cardano founder Charles Hoskinson. Speaking at the Financial Times Crypto and Digital Assets Summit, Hoskinson said that the crypto industry “has never been stronger in terms of its offerings to the tradfi [traditional finance] marketplace and to the world as a whole,” but that recent…
Binance is getting back into the Japanese crypto market. The world’s largest crypto exchange by total volume announced that it had acquired crypto exchange Sakura Exchange BitCoin (SEBC). As SEBC is already regulated by Japan’s Financial Services Agency (FSA), the acquisition will allow Binance to reenter the country. The amount of the acquisition was not disclosed. “Having carried out a…
Whether or not crypto builders want to admit it, Mark Zuckerberg’s famous motto of “move fast and break things” has become a defining ethos in the industry. Some projects have come under the scrutiny of the U.S. Securities and Exchange Commission (SEC) for allegedly offering unregistered securities, with question marks lingering around many others. At the recent 0xpo Crossroads conference…
From the Cointelegraph archives, John McAfee tells his crypto story and takes a look back at his very fascinating life. Early in his life, the computer programmer landed a job at the United States National Aeronautics and Space Administration, also known as NASA, and worked on the world’s first weather satellite. There, he learned about computer security and people’s concerns…
