Bitcoin (BTC) hit its highest in almost a week on Feb. 15 as “extremely positive” economic data boosted risk asset sentiment. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC price aims for $23,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD gaining 2.2% on the day to eye a reclaim of $23,000. Analysts were already predicting volatility, with the latest…
In a recent interview on CNBC’s Squawk Box, Blockchain Association CEO Kristin Smith said the recent regulatory crackdowns in the industry felt “like a crypto carpet bombing.” The Blockchain Association is a crypto lobbying group made up of nearly 100 members. It is funded by many for-profit crypto companies, including Kraken, the Digital Currency Group (DCG), and the Filecoin Foundation.…
Judge John Dorsey of the United States Bankruptcy Court for the District of Delaware has denied a motion appointing an independent examiner for FTX. In a Feb. 15 hearing, Judge Dorsey said he had some discretion under the law to choose whether to appoint an examiner in the FTX bankruptcy case despite some of the the parties meeting the debt…
“The Matrix” star Keanu Reeves has become something of a crypto fan, calling cryptocurrencies “amazing tools for exchanges and distribution of resources.” In a recent interview with Wired to promote his new film “John Wick 4,” Reeves said, “I think the principle, the ideas behind an independent currency, are amazing,” adding that, “To pooh-pooh crypto, or the volatility of cryptocurrency,…
Amazon’s Alexa Fund, the venture capital arm of the tech giant, has led a $20 million Series A-4 funding round for the 3D character studio Superplastic, which creates “synthetic celebrities,” vinyl toys, and has previously released NFT collections on Ethereum and partnered with big brands like Gucci and Epic Games’ “Fortnite.” Google Ventures, Galaxy Digital, Sony Japan, Animoca Brands, Craft…
A former executive of FTX allegedly earned profits for a charity by purchasing discounted FTX tokens, FTT, before they became available to the public at $0.05 per unit, according to a report citing anonymous sources. Ruairi Donnelly, the former chief of staff at FTX, has been accused of donating the tokens to Polaris Ventures, a charitable organization based in Switzerland,…
Lido Finance and Optimism are rolling out a new incentive program to get liquid stakers migrated over to the layer-2 network. As part of the LidoOnLayer2 initiative, which seeks to improve liquidity for Lido’s staked Ethereum (stETH) product across all layer-2 solutions, the project has been granted 1 million OP tokens from Optimism. These tokens will provide an added OP…
Real-time tracking, settlement and documentation of the supply chain cannot only create more efficiencies for businesses but also help with better financial products that they can rely on for their operating capital. NFTs create a digital record that is immutable and transparent. What this offers the supply chain industry is a transparent trail where everyone in the ecosystem would have…
On Oct. 25, 2022 — about two weeks before the collapse of the world’s third-largest cryptocurrency exchange, FTX — prominent DeFi architect Andre Cronje published a foreboding article with a chilling warning on the state of centralized cryptocurrency exchanges: “Remedies under the current regulatory regime are ineffective. Most investors sign away their rights to their crypto in voluminous terms and…
We’re thrilled to announce that we have added nine new NFT collections to Kraken NFT for our current beta testers to explore, collect and trade. After revealing dozens of NFT collections over the past few weeks on the Kraken NFT blog, we carefully selected these new collections so you can continue to build the NFT collection of your dreams with…
