A group of blockchain advocates urged the United States Congress to clearly define NFTs in response to the SEC Wells notice to OpenSea. Source: https://cointelegraph.com/news/cryptopunk-sells-for-1-5-million-magic-eden-dominates-nft-trading-volume-newsletter?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: September 2024
Aave Considers Coinbase’s cbBTC Wrapped Bitcoin, Sparking Decentralization Debate
The Aave community is evaluating a proposal to integrate Coinbase’s upcoming Bitcoin wrapper, cbBTC, into its V3 protocol. The potential connection between a centralized exchange and a decentralized finance (DeFi) platform has ignited a debate about the future of DeFi and the balance between innovation and decentralization. The proposal from the Aave Chan Initiative (ACI) would link cbBTC to both…
Payment Processors Paypal and Venmo Now Support ENS Domains
Ethereum Name Service (ENS) has announced that the payment giants Paypal and Venmo have integrated support for ENS domain names. This integration enables users to employ Paypal and Venmo to transmit crypto assets to an ENS address. Paypal and Venmo Roll out ENS Support On Tuesday, ENS shared on the social media platform X that […] Source: https://news.bitcoin.com/payment-processors-paypal-and-venmo-now-support-ens-domains/
Ex-Alameda CEO was trying to prevent ‘AI disaster’ — former FTX employee
Caroline Ellison’s ex-boyfriend, Sam Bankman-Fried, was sentenced to 25 behind bars for his role in the collapse of the FTX exchange. Source: https://cointelegraph.com/news/former-alameda-ceo-trying-prevent-ai-disaster-ex-ftx-employee?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
UK Introduces Bill to Classify Crypto Assets Like Bitcoin and NFTs as Personal Property
In a landmark move, the United Kingdom government introduced a bill in Parliament on Wednesday that aims to clarify the legal status of digital assets—including Bitcoin and other cryptocurrencies, as well as NFTs—by recognizing them as personal property under English and Welsh law. The bill, if passed, will create a third category of personal property, expanding beyond the current classifications…
Ford, Toyota double down on blockchain as driverless car tech stagnates
The automakers led the field in blockchain technology patent filings for Q2 2024. Source: https://cointelegraph.com/news/ford-toyota-double-down-blockchain-driverless-car-tech-stagnates?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Polygon Labs to Invest $5 Million in Acquiring VPU-Based Server Systems
Polygon Labs has announced a $5 million investment in Fabric’s custom Verifiable Processing Unit (VPU) to enhance the performance of its ZK-powered protocols. This investment marks Polygon Labs as the first protocol to adopt these next-generation crypto-native hardware systems. The VPU, designed to support advanced cryptographic operations and optimized for ZK cryptography, aims to accelerate […] Source: https://news.bitcoin.com/polygon-labs-to-invest-5-million-in-acquiring-vpu-based-server-systems/
‘Deadrop’ Game Studio Confirms Layoffs After Booting Dr. Disrespect
Midnight Society, the game studio behind shooter game Deadrop, has confirmed that “significant” layoffs took place after staff started to post about the move on social media. The layoffs come just three months after the company announced that it was “terminating” its relationship with Dr. Disrespect, a popular video game streamer and one of the studio’s co-founders, amid allegations that…
UK gov’t introduces bill to clarify crypto’s legal status
The proposed legislation would create an additional property category under UK law, identifying digital assets as “things.” Source: https://cointelegraph.com/news/uk-bill-cryptocurrency-legal-status?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
VanEck, StoneX analysts peg Ether price upside at $12K to $22K
The Ethereum network could generate $66 billion in free cash flow from transaction fees by 2030, VanEck estimates. Source: https://cointelegraph.com/news/vaneck-stonex-analysts-ether-price-upside?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound