Nearly a decade ago, Art Blocks founder Erick “snowfro” Calderon began 3D-printing cubes, painting them, and assembling them into hearts that he placed in public spaces. Now, that block art that preceded Art Blocks has inspired a generative art drop that in turn will let collectors assemble their own physical renditions if they see fit. Launching on August 24 via…
Republicans on the House Financial Services Committee (HFSC) are calling out the U.S. Securities and Exchange Commission (SEC) for its “shady approval” of the mysterious crypto broker Prometheum. Led by Committee chair Patrick McHenry (R-NC), the politicians say that the “timing” of the approval “raises serious questions”—especially given the state of crypto regulation in the United States at large. “The…
As the SAG-AFTRA strike enters its second month, the granting of interim agreements that allow some productions to resume has come under increased scrutiny. But according to the head of the union, those agreements are not waivers. SAG-AFTRA national executive director and chief negotiator Duncan Crabtree-Ireland explained that the interim agreement—which also includes stipulations on using artificial intelligence—was always on…
United States lawmakers on the House Financial Services Committee have demanded answers from the heads of the Securities and Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA) regarding under what circumstances Prometheum obtained a special purpose broker-dealer license (SPBD). In separate letters dated Aug. 9, House committee chair Patrick McHenry and 20 other members wrote to SEC chair Gary…
As former President Donald Trump prepares to be arraigned in Georgia following his fourth criminal indictment, crypto gamblers on the betting site Polymarket are ponying up to predict whether he will crack a smile during a potential mugshot. The Republican frontrunner for 2024 and 18 of his allies were indicted in Georgia’s Fulton County on Tuesday, faced with racketeering charges…
United States-based cryptocurrency exchange Coinbase’s latest push advocating for crypto holders to “speak directly to lawmakers” featured a House of Representatives member who previously acknowledged 11 ethics violations. As of Aug. 15, more than 54,000 individuals had signed on to Coinbase’s ‘Stand with Crypto Alliance’ in an effort to engage with U.S. lawmakers at the federal level. The initiative, which…
Anthony Scaramucci’s crypto-focused investment firm SkyBridge Capital has voiced support for a wave of Bitcoin (BTC) spot ETF applications that hit the federal register last month, putting it in direct opposition to Grayscale. The applications—from the likes of Ark Invest, Invesco, and BlackRock—identify Coinbase as a surveillance partner for detecting fraud in the underlying Bitcoin market. Unlike Grayscale, SkyBridge expressed…
On a recent Friday evening at a downtown Los Angeles multiplex, a flock of men in bright neon weaved their way through crowds of pink-clad “Barbie” revelers and fedora-donning, would-be fathers of the atomic bomb, en route to a screening that featured their own hero. Their protagonist of choice was Richard Scheuler, aka Richard Heart, the gaudy crypto shock jock…
Prominent South Korean metaverse platform Zepeto is expanding into the blockchain space with its ZTX (ZepetoX) initiative, created in partnership with Jump Crypto—and today, ZTX announced a $13 million seed round led by its venture capital partner. The Jump Crypto-led round includes other investors such as Collab+Currency, Parataxis, MZ Web3 Fund, Everest Ventures Group. Valued at over $1 billion, the…
The latest report from Glassnode Insights, titled “The Week On-Chain,” emphasized that Bitcoin (BTC) has reached historically low levels of volatility. This has led to a mere 2.9% separation between the asset’s Bollinger Bands, indicating an exceptionally narrow trading range. This situation has only been observed twice in Bitcoin’s history: in September 2016, when BTC traded near $604, and in…
