In brief Mark Wetjen has served on the CFTC as well as on the board of directors for LedgerX. FTX US is looking to expand into crypto derivatives. FTX US, the American affiliate of Sam Bankman-Fried’s exchange empire, announced today that it has hired Mark Wetjen as head of policy and regulatory strategy. Though not a household name, Wetjen is…
On November 2, 2021, the Ethereum network’s global hashrate tapped an all-time high (ATH) at 873 terahash per second (TH/s) or close to 1 petahash. Alongside Ethereum’s ATH, a myriad of hashrates have returned back to the highs the network’s once held before the crypto mining crackdown in China. Hashrates Return Following China’s Crypto Mining Crackdown This Past Summer Last…
The Chicago Mercantile Exchange (CME) today announced that it will offer Ethereum micro futures on December 6. This will allow investors to make much smaller trades than with current Ethereum futures contracts, the marketplace said. Right now, CME’s Ethereum futures contractslaunched in Februaryallow investors to bet on contacts priced at 50 ETH, or $224,780-worth of the cryptocurrency. But the micro…
AllianceBlock, a blockchain tech firm that seeks to bridge the gap between decentralized finance, or DeFi, and traditional finance, announced a partnership with fellow blockchain tech entity Flare. Flare claims its layer-one, or blockchain protocol improvement, technology can bring smart contracts to cryptocurrencies such as XRP (XRP), Dogecoin (DOGE), Bitcoin (BTC), Algorand, and Stellar Lumens (XLM). In addition, Flare is…
African cross-border payments app Chipper Cash has raised $150 million in a Series C extension round led by bitcoin exchange FTX, leading the money transmitting app to a $2 billion valuation, reported TechCrunch. Chipper, which is used in seven African countries, has ventured into the U.K. and U.S. markets in recent months, enabling a new remittances option. “Chipper Cash is…
Sports footwear and apparel manufacturer Nike is exploring the design of virtual materials featuring its iconic logo and slogan. According to records submitted to the United States Patent and Trademark Office on Wednesday, Nike has filedapplications for its namesake, swoosh logo and “just do it” slogan to be used in virtual goods for its entertainment services, retail stores and “for…
Bullish volatility is on the rise and the newfound bullish momentum saw multiple tokens breakout to fresh all-time highs as traders scramble to identify which coin might be the next to embark on a moon mission. As Bitcoin price rallied to $64,000, Ether (ETH) reached a new record high at $4,523. The move comes just days after the successfulAltair upgrade…
Miami Mayor Francis Suarez will take the entirety of his next paycheck in BTC. “I’m going to take my next paycheck 100% in bitcoin,” tweeted Suarez. Suarez’s move marks a first in U.S. politics. The Miami Mayor Francis Suarez has committed to taking his next paycheck fully in bitcoin, becoming the first known U.S. politician to make such a move.…
Microsoft has announced 3D avatars and immersive virtual environments for meetings, per The Verge and others. We got hit by meeting fatigue in the virtual world, said Nicole Herskowitz, Microsoft Teams general manager during an interview with The Verge. After 30 or 40 minutes max in a meeting, it was very hard to stay engaged and focused, she added. The…
On Tuesday, the world’s largest financial derivatives exchange, Chicago Mercantile Exchange (CME) Group, announced the upcoming launch of ethereum-based micro futures slated to be listed on December 6. The launch follows CME Group’s bitcoin micro futures listing in May, which saw 100,000 micro bitcoin futures traded during the first six days after launch. CME to Launch Micro Ether Futures Pending…
