In brief The bar to prove fraud in the U.S. is a high one to clear. It’s unclear for now if the behavior of Terra’s founder was more than merely reckless. The recent collapse of the stablecoin project known as Terra is one of the biggest catastrophes in the history of crypto, wiping out hundreds of billions of dollars. In…
Ossification is a word thrown around very frequently in Bitcoin. “The protocol will ossify.” “Ossification is good.” “Bitcoin doesn’t need to change, ossify it now.” Bitcoiners are a skeptical group of people, and as such they are naturally skeptical about change. There’s a very good reason for that: the blocksize war was effectively a combination of certain developers (thankfully gone…
by Surojit Chatterjee, Chief Product Officer, Coinbase Tl;dr: This week I presented our vision for building for web3 at the Permissionless conference by Blockworks. Sharing my full presentation here. My Permissionless presentation on how Coinbase is building for web3 was originally published in The Coinbase Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.…
Pizza DAO, the decentralized blockchain project seeking to unite the global community of pizza fanatics with the technological potential of Web3, are celebrating Sunday’s Bitcoin Pizza Day in authentic style. On Sunday, the project will host commemorative events at 100 pizzerias in over 75 countries around the world, including the United States, Argentina, South Korea, Ethiopia, Australia, Canada and the…
Plan ₿ summer school begins July 3-16 and seeks to teach students the fundamentals of Bitcoin and business. Classes taught by industry experts will be held in Lugano, Switzerland.Students attending will participate in a pitch competition which will see the winners take home up to $5,000 for a winning pitch. Plan ₿ summer school, a cohort-style course teaching students the…
In a bid to combat illegal activity and “regulatory arbitrage,” a Swiss-based think tank has urged greater international cooperation on cryptocurrency regulation. On Monday, the Basel Institute of Governance and the International Academy of Financial Crime Litigators released a paper calling for further coordinated action against unlawful crypto-markets. Among the proposed solutions are greater cooperation between jurisdictions, as well as…
Enterprise blockchain firm Hyperledger Foundation has announced the development and release of three roadmap projects: Cactus 1.0, FireFly 1.0 and a preview version of Iroha 2.0’s long-term support (LTS). Operating under the umbrella of the Linux Foundation, Hyperledger supports an ecosystem of fourteen distributed ledgers. The deployment of the three technological tools is expected to assist consumers and businesses across…
While non-fungible token (NFT) collectibles have become a hot commodity over the last 12 months, a number of NFT owners are taking loans out against their NFTs. This month, a project called Nftfi has facilitated $25.6 million in NFT loans so far, and last month the lending marketplace recorded nearly $50 million in NFT loans. NFT Lending and Borrowing Continues…
Avalanche (AVAX) has emerged as one of the worst-performing cryptocurrencies among the top-ranking tokens in the last 24 hours, partially due to fears connected to Terra (LUNA) and its a near-dead UST algorithmic stablecoin project. Avalanche price dips amid Terra’s tax evasion FUD AVAX’s price plunged by nearly 14% between May 18, where it traded near $35 to May 19…
TL;DR: Coinbase is announcing its partnership and investment in the WNBA ecosystem. Today, Coinbase is excited to announce our expanded investment within the Women’s National Basketball Association (WNBA) ecosystem. In addition to the League, our new partners include the Women’s National Basketball Players Association (“WNBPA” — the union which represents all players), two team partners, the New York Liberty and…
