Starting tomorrow, there’ll be a small window during which the Securities and Exchange Commission could approve 12 pending Bitcoin ETF applications. That approval could include the BlackRock iShares Spot Bitcoin ETF and the conversion of the Grayscale Bitcoin Trust, according to Bloomberg analysts James Seyffart and Eric Balchunas. Their rationale: When the SEC gave itself a deadline extension for pending…
Chainlink’s (LINK) token has experienced a remarkable 26% surge between Nov. 2 and Nov. 8, approaching $14, a level not seen since April 2022. This solidified its position as the 10th largest cryptocurrency (excluding stablecoins) by market capitalization. While the price action is a welcome sight for traders, is Chainlink’s current valuation of $8.1 billion justified? Cointelegraph research shows that…
Microsoft is stepping up efforts to curb the creation of deceptive political ads, joining Facebook’s parent company, Meta, in rolling out new policies this week targeting misleading AI-generated political ads heading into the 2024 election season. In a blog post on Tuesday, Microsoft’s President Brad Smith and Teresa Hutson, VP of Technology for Fundamental Rights, laid out how the tech…
The Progmat Coin ecosystem is taking shape in Japan. With a market maker, wallet provider and cryptocurrency exchanges on board, Progmat and Mitsubishi UFJ Financial Group (MUFG) hope to launch two stablecoins in the summer of 2024. Stablecoin platform Progmat Coin, MUFG and wallet provider Ginco have begun a study with the goal of issuing a yen-denominated XJPY stablecoin and…
Ronin may be best known as the Ethereum sidechain network behind Axie Infinity, the play-to-earn monster-battling game that flung NFT gaming into the spotlight back in 2021. But now Ronin is drawing attention for other games—and network activity is surging following last week’s launch of a game called Pixels. The number of active wallet addresses on Ronin has effectively tripled…
Barney on DeFi, Privacy, and Vega This week our host is joined by Barney the founder of Vega Protocol. They discuss the current state of DeFi, what’s wrong with the apps being built today, whether or not privacy matters when its only applied to an L2, and most importantly– which form of sales tax is the sexiest. Source: https://decrypt.co/videos/interviews/hgDzjboU/barney-on-defi-privacy-and-vega
Sen. Ted Budd (R-NC) has introduced his Keep Your Coins Act in the Senate, a bill designed to ensure individuals’ rights to self-custody their crypto assets without mandatory reliance on intermediaries. This legislation comes at a critical juncture for the cryptocurrency industry, particularly in the aftermath of last year’s FTX exchange collapse. Since the crypto exchange filed for bankruptcy in…
In this week’s newsletter, we dive into the dynamic world of nonfungible tokens (NFTs) and their impact on the digital landscape, as NFT sales have skyrocketed to an impressive $129 million in November, according to data from Nansen. Despite the surge in sales, OpenSea has laid off a substantial amount of staff as it prepares to launch version 2.0 of…
Lido’s governing body has approved the deployment of Lido’s Wrapped Staked Ether (wstETH) to Coinbase’s Base network, according to a Nov. 8 announcement. The token is now live and can be traded or used in decentralized finance (DeFi) applications on the Base network. Lido is on @BuildOnBase You can now bridge your staked ETH to Base. https://t.co/JmmFeVwNnN pic.twitter.com/R9vN2XGs2g — Lido…
The Lightning Network is coming to El Salvador. Bitcoin ATM providers Athena and Genesis Coin today announced that they were installing the technology on 100 machines across the tiny Central American country by the end of next month. The remaining machines will then have the technology installed in the first quarter of 2024. The Lightning Network—or Lightning—is a second-layer solution…
