Cryptocurrency prices held ground on Tuesday after a widely-watched inflation gauge in the U.S. showed consumer prices were flat in October. The Consumer Price Index (CPI) rose 3.2% in the 12 months through October, the Bureau of Labor Statistics said Thursday. Economists expected the index to show an annual increase of 3.3%, down from a 3.7% clip reported last month.…
Venture capital firm Animoca Brands will put its weight behind fan token blockchain Chiliz Chain as it joins the network as a validator within its proof-of-stake authority protocol. Chiliz Chain is the backbone of Socios.com, the platform that operates a plethora of fan tokens for some of the biggest global football and sports teams. Europe’s most loved football clubs and a number…
Entertainment giant Disney will launch an NFT collectibles platform with NBA Top Shot maker Dapper Labs called Disney Pinnacle, the companies announced Tuesday. Inspired by the physical pins that Disney sells at its theme parks and that fans collect and trade, Disney Pinnacle will offer pin-inspired digital collectibles that are minted as NFTs on the Flow blockchain—the same network as…
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The two bankrupt crypto companies, FTX and BlockFi, have been allowed to proceed in negotiations for their claims settlement, according to a new court filing. On Nov. 13, United States bankruptcy judge Michael Kaplan ordered the end of an automatic holding placed on proceedings between the two firms. FTX debtors can now pursue their “arguments, defenses, counterclaims, setoffs, or otherwise”…
Tether (USDT), the largest stablecoin by market value, has been breaking new records over the course of 2023, with its market capitalization adding at least $20 billion so far this year. According to data from the blockchain data provider Whale Alert, Tether has minted 22.75 billion USDT so far this year, with at least 4 billion USDT being issued over…
If you look closely enough at the Web3 sector through a marketer’s lens, you begin to see a fundamental mismatch between how blockchain and crypto projects market themselves and how effective brands do it in the real world. Let’s take a look at the car industry as an example to see what I mean. When carmakers reach out to their…
Swan co-founder Yan Pritzker said the firm is pro-privacy and doesn’t oppose customers’ use of such services, but to work, it has to follow FinCEN regulations. Source: https://cointelegraph.com/app/public/index.php/news/swan-bitcoin-terminates-customer-accounts-crypto-mixing-services
A Ripple executive has re-emphasized the need to adopt a technology-neutral approach for more effective and adaptable guardrails as global regulators grapple with cryptocurrency rules. At the recent Ripple Swell 2023 event, Navin Gupta, managing director of South Asia, Middle East and North Africa (MENA) at Ripple, told Cointelegraph that the industry should be regulated based on activity rather than…
Account abstraction advocate John Rising shared “sobering” figures concerning the adoption of ERC-4337 smart accounts. Source: https://cointelegraph.com/public/index.php/news/hardly-anyone-using-ethereum-smart-accounts
