Ordinal mania has caused increased blockchain activity—but not just on Bitcoin’s network: Litecoin, the 12th largest cryptocurrency by market cap, is experiencing a huge surge in transactions. Litecoin’s blockchain last week experienced over 584,838 transactions in one day, the highest in its history, according to crypto data website Bitinfocharts. Activity has since dipped—363,855 transactions took place yesterday—but Litecoin use is…
A trio of speakers in attendance at Industry Day, May 18, during the Bitcoin 2023 event in Miami held a discussion on government regulation and how the cryptocurrency industry should fight back against the “anti-crypto army.” Moderated by David Zell, cofounder of the Bitcoin Policy Institute, the panel featured Perianne Boring, Founder and CEO at Chamber of Digital Commerce, Mina…
Ordinal mania has caused increased blockchain activity—but not just on Bitcoin’s network: Litecoin, the 12th largest cryptocurrency by market cap, is experiencing a huge surge in transactions. Litecoin’s blockchain last week experienced over 584,838 transactions in one day, the highest in its history, according to crypto data website Bitinfocharts. Activity has since dipped—363,855 transactions took place yesterday—but Litecoin use is…
Bitcoin (BTC) has been trying to break above the $27,500 resistance for the past week, but to no avail. One of the reasons limiting Bitcoin’s upside is the risk of an eventual U.S. default as the government struggles to get the debt limit increase approved in Congress. Still, some analysts and investors argue that the U.S. debt ceiling standoff is…
OpenAI, the creators of the massively popular ChatGPT, are taking their chatbot to the next level with the rollout of an official Apple iPhone ChatGPT app. “Since the release of ChatGPT, we’ve heard from users that they love using ChatGPT on the go. Today, we’re launching the ChatGPT app for iOS,” OpenAI said in a press release. Introducing the ChatGPT…
State versus federal regulation was a key issue in the hearing on stablecoins in the United States House of Representatives on May 18. The House Committee on Financial Services’ new Subcommittee on Digital Assets, Financial Technology and Inclusion heard testimony from five experts as it considered two proposed bills to regulate stablecoins. There were two draft bills under consideration by…
Custodia Bank, a Wyoming-chartered special purpose depository institution, will soon be rolling out Bitcoin custody service, founder and CEO Caitlin Long at Bitcoin 2023 said during a panel at Bitcoin 2023. “There are certain types of businesses like investment companies, registered investment advisors, corporate treasurers, and other types of fiduciary that have to, by law, segregate the custody of the…
A $50 million fund has been launched to help startups that use the Wormhole cross-chain messaging protocol, according to a May 18 announcement. The new fund is being managed by venture capital fund Borderless Capital and is backed by over 20 other blockchain development teams and venture capital firms, including Circle, Polygon Ventures, Solana Foundation, JumpCrypto, and others. It’s time…
Nevin Shetty, a former Chief Financial Officer (CFO) at a Seattle start-up company, was indicted on May 17 in the U.S. District Court in Seattle on charges of wire fraud. The indictment alleges that Shetty, 39, diverted approximately $35 million from the start-up company’s coffers to a cryptocurrency platform under his personal control. Shetty reportedly established this platform, known as HighTower Treasury,…
“Each game is a miracle,” says Azra Games CEO Mark Otero. In this clip, he shares his thoughts on “play-to-earn” games and gamer motivation with Decrypt’s Kate Irwin. Source: https://decrypt.co/videos/interviews/F08xddFc/why-azra-games-ceo-mark-otero-is-not-a-fan-of-play-to-earn-games
