Commodity Futures Trading Commission, or CFTC, chair Rostin Behnam has cited LedgerX, the crypto derivatives and clearing platform based in the United States which was not part of FTX Group’s Chapter 11 filing, as an example of how regulating crypto firms could benefit U.S. consumers. In a Dec. 1 hearing of the Senate Agriculture Committee exploring the collapse of FTX,…
The horse racing industry has ballooned to an astonishing $300 billion globally—and now NFT-backed horse ownership platform Crown Ribbon is bringing that value onto the blockchain. Crown Ribbon enables users to buy and own NFT shares of a racehorse syndicate that maps to a specific horse, or to a collection of horses. The introduction of blockchain technology will increase efficiencies…
As the Solana ecosystem comes back from the aftershocks of the FTX liquidity earthquake, one of its leading automated market makers (AMM), Orca, announced a new integration. The AMM revealed a new Stripe integration which will power its fiat-to-crypto onramp, to make decentralized finance (DeFi) more accessible to users both in and out of the existing ecosystem. This new integration…
There was a time when having sky-high annual percentage rates on crypto yield products felt like the best way to drive adoption. That time has passed. This week crypto exchange KuCoin is facing scrutiny because its KuCoin Earn page boasts APRs of 233.15% on Ethereum, 253.28% on Bitcoin, and 100% on Tether deposits. Although the company’s website says that the…
On this week’s episode of Market Talks, Cointelegraph welcomes Magdalena Gronowska, co-founder of Citadel 256 and senior consultant at MetaMesh — a blockchain consultancy and building platform. This week, we take a deep dive into everything that is happening in the crypto space — we get Gronowska’s professional take on Sam Bankman-Fried and the whole FTX saga and also BlockFi’s bankruptcy.…
In October 2017, Netherlands native Didi Taihuttu and his family sold all their valuable belongings and their house for bitcoin. The decision paid off and the Taihuttu family has traveled all around the world and recently moved to the island of Phuket. On Nov. 30, the 44-year-old Didi Taihuttu told CNBC that after storing crypto in cold storage, centralized exchange…
In brief Pseudonymous NFT artist All Seeing Seneca’s latest body of work is being auctioned this week by Phillips. She led the original design of the massively popular Bored Ape Yacht Club NFTs. Yuga Labs rode the Bored Ape Yacht Club NFT rocket ship to a $4 billion valuation and big metaverse plans, but it was pseudonymous artist All Seeing…
Dogecoin is up more than 24% in the past week amid speculation that it could play a part in Musk’s Twitter plans. Rising from $0.08189 seven days ago, the meme coin was trading at $0.1031 on Thursday, an increase of 24%, according to CoinGecko. The cryptocurrency, the eighth-largest in the world by market capitalization, shot above the $0.1 mark on…
The price of GMX rallied to its second-highest level in history on Dec. 1 as traders assessed the decentralized exchange’s ability to evolve as a serious competitor to its top rival Uniswap (UNI). GMX established an intraday high of $54.50 in a recovery that started on Nov. 29 from $40.50. Its rally’s beginning coincided with crypto research firm Delphi Digital’s…
Tokenization is the process of converting something with tangible or intangible value into digital tokens. Tangible assets like real estate, stocks or art can be tokenized. In a similar vein, intangible assets like voting rights and loyalty points can be tokenized, too. We see Avios as an example of tokenized loyalty points by the traditional credit card industry. However, when…
