U.S. Senator Rand Paul says “statutes that allow presidents or heads of state to invoke emergencies are very, very dangerous.” Commenting on Canada’s Emergencies Act invoked by the Trudeau government, the senator warned, “We have the same sort of statutes here.” Senator Rand Paul Warns of Emergency Act in the US U.S. Senator Rand Paul warned of statutes in the…
The life of an addict is characterized by three stages: active addiction, rock bottom and recovery. These stages can overlap, reverse, repeat and do not necessarily occur sequentially. Generally speaking, however, every recovering addict walks this path. It is this author’s opinion that, first of all, addiction is a problem of pandemic proportions. Second, the addiction pandemic is manifest within…
In brief Indira Kempis is pro-Bitcoin. Mexico’s president is not. Moreover, Kempis is a member of an opposition party, so her efforts are less likely to gain traction. Indira Kempis, a senator from the state of Nuevo Leon in Mexico, wants to make her country the second in the world to adopt Bitcoin as legal tender, even though the odds…
At this year’s ETH Denver conference, decentralized autonomous organizations were the talk of the town—and Decent Labs CEO Parker McCurley was talking about using a DAO as his new business model. “The benefits to becoming a DAO are, once we take care of our initial team members at scale, then we can add contributors from all over the world, with…
A group of EU nations have reportedly been lobbying to entrust oversight of the crypto space to a new anti-money laundering (AML) agency. Behind the move are concerns that companies dealing with digital assets can be engaged in the processing of illicit funds. Germany Leads Push to Place Crypto Firms Under EU Anti-Money Laundering Supervision Several EU member states, led…
In brief Fast Break Labs is the startup behind the Virtual Basketball Association. It’s attracted capital from NBA owners, early-stage venture firms, and Solana Ventures. A Web3 startup aiming to put fantasy basketball on the blockchain—that is, let players trade NFT collectibles of digitally created players—today announced a $6 million seed round led by early-stage venture firms Pantera Capital and…
On Wednesday, decentralized finance (DeFi) detective Zachxbt published a long thread on Twitter about TreasureDAO’s front-end engineer Just Cheese, or JC, and his alleged past involvement in several nonfungible token (NFT) projects. According to its white paper, TreasureDAO is a “decentralized NFT ecosystem on Arbitrum that is built specifically for metaverse projects.” Listed projects use the ecosystem’s native token, MAGIC,…
In brief Wrapped Bitcoin helps BTC holders get involved in the DeFi scene on Ethereum. The amount of WBTC on the Ethereum network has plateaued since December. This corresponds roughly with the crypto market downturn. Despite Wrapped Bitcoin‘s surging popularity in 2021, its supply growth has stagnated since December of last year, according to a report from crypto financial intelligence…
The Freedom Convoy bitcoin fundraiser received a lot of positive attention, gathering almost 1 million CAD in bitcoin donations. After all, what better tool could there be to circumvent the censorship of payments while protesting a government than a censorship-resistant currency free of state control? But the tactics used to distribute funds may tell a different story. When a Canadian…
The European Commission, in coordination with other authorities, reportedly plans to have its financial watchdog group potentially oversee illicit transactions at crypto firms. According to a Tuesday Bloomberg report, a group of European Union member nations led by Germany and including The Netherlands, Spain, Austria, Italy and Luxembourg plan to include crypto firms under the purview of the Anti-Money Laundering-focused…
