According to a new social post on Feb. 1, Maker decentralized autonomous organization, or MakerDAO, has approved the creation of a new fund dedicated to expenses related to legal defense. MakerDAO is the issuer of the DAI United States dollar stablecoin. As told by developers, Maker will allocate 5 million DAI to “reimburse legal defense expenses in case of legal…
Cathie Wood’s ARK Innovation ETF (ARKK) came roaring back in January, notching a partial bounceback from its tumultuous time in 2022. Shares of the exchange traded fund closed out the month at $39.93, a near 28% increase from the end of December, marking its best monthly performance since launching in 2014. The expressed goal of Wood’s Innovation ETF is to…
Litecoin raced to a nine-month high on Feb. 1, following a breakout of a key resistance level. The surge in price comes as the global cryptocurrency market cap rose marginally higher today, and is up by 0.57% as of writing. Cosmos was another notable mover, with prices up for a second straight session. Litecoin (LTC) Litecoin (LTC) surged to a…
A federal judge presiding over the criminal case against former FTX chief executive officer Sam Bankman-Fried has ordered he not have any contact with current or former employees of the exchange as part of his bail conditions. In a Feb. 1 ruling, Judge Lewis Kaplan of the Southern District of New York said Bankman-Fried was to be prevented from communicating…
In an effort to lead the industry in trust and transparency on our mission to accelerate the adoption of cryptocurrency, we are excited to release our 2022 Transparency Report. The 2022 Transparency Report provides a summary of how we protect our clients’ privacy and financial freedom while complying with the legal requests we regularly receive from agencies around the globe. …
In the era of services like Netflix, Dropbox or Amazon Prime, it’s quite easy to forget about the times when customers were getting in line to acquire boxed digital products, like software or entertainment media, with one-time purchases. The age of annual fees started when consumer products turned into subscription-based services. The same transformation happened approximately a decade ago in…
If you ask 10 people what Bitcoin’s original purpose is, at least one person will say it’s meant to cut out the middleman, reduce the cost of transacting and empower those who might not have access to modern financial infrastructure. While all of those boxes might be ticked, another phenomenon of financial technology, and technology in general, is that not…
Bitcoin (BTC) preserved its active trading range into the Feb. 1 Wall Street open as markets looked to the day’s key macroeconomic data. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $23,500 becomes level to beat for Bitcoin bulls Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it continued to move in a narrow corridor around $23,000. An upcoming…
Just two months after raising $6.9 million, Shibuya—a Web3 video platform co-founded by digital artist Emily “pplpleasr” Yang—has revealed its next web video that NFT holders can help shape, scene-by-scene: a stop-motion animated short from electronic musician Steve Aoki and actor Seth Green’s Stoopid Buddy Stoodios. Aoki and the studio behind the Adult Swim series “Robot Chicken” will bring their…
On Wednesday, 60 organizations involved in cryptocurrencies, open-source and free software, and human rights and privacy-preserving projects launched a new campaign calling on the 118th U.S. Congress to protect privacy. The groups, including Fight for the Future, Electric Coin Co., and the Tor Project, insist that Congress needs to deliver policies dedicated to standing up for privacy. Campaign Urges Lawmakers…
