Sam Bankman-Fried, CEO of crypto exchange FTX, said today that his company aims to establish partnerships with people who hold the worlds collective imagination. Speaking in a virtual appearance at this years Solana Breakpoint conference in Lisbon, Portugal, Bankman-Fried pointed out that the number of such people is, “very, very small. And I think Tom Brady is one of them.…
Even though crypto has long attained relevance as an independent political issue, at times it gets entangled with the broader dynamics of the political process. The notorious infrastructure bill a major pillar of the Biden administrations economic agenda suddenly passed in the U.S. House last Friday despite congressional Democrats original agreement to vote on the partys other legislative priorities first.…
United States cryptocurrency exchange Coinbase has rolled out a new standalone browser extension for its Coinbase Wallet, giving users the ability to more easily access thousands of digital assets on decentralized exchanges, commonly known as DEXs. Beginning Monday, Coinbase Wallet will be available as a standalone browser extension, which means new customers can download the tool for free on Chrome.…
The Central Bank of Nigeria has reportedly ordered all commercial banks in the country to freeze accounts with at least two individuals engaged in crypto trading. According to a Nov. 7 report from Nigerian news outlet Peoples Gazette, the Director of Banking Supervision, J.Y. Mammanand, issued a notice directing the central bank to close the accounts of two alleged crypto…
Changelly introduces another token available on the platform the ARPA token. Thereby, the family of over 200 cryptocurrencies continues to expand, and users can now effortlessly exchange ARPA tokens at floating rates. ARPA is a blockchain-based layer-two solution for privacy-preserving computation, enabled by Multi-Party Computation. The goal of ARPA is to separate data utility from ownership and enable data renting.…
Matter Labs, the company behind an Ethereum Layer-2 scaling solution called zkSync, has announced it raised $50 million in a Series B funding round led by Andreessen Horowitz (a16z). The round follows a $6 million Series A in February this year and included existing investors Placeholder, Dragonfly, and 1kx, along with strategic partners such as Blockchain.com, Crypto.com, ConsenSys, ByBit, OKEx,…
Bitcoin (BTC) held $65,000 during Nov. 8 as major gains seemed unfazed by Tesla (TSLA) stock losing 5% at the Wall Street open. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin beats Tesla by market cap Data from Cointelegraph Markets Pro and TradingViewshowed BTC/USD down around $900 at $65,500 after hitting highs of $66,433 on Bitstamp. Overnight success was tapered…
While gold is generally perceived to be the best hedge against inflation, a report written by author Kelsey Williams has now questioned this longstanding assertion. In the report, Williams argues that the current gold price of around $1,810 per ounce is much lower than the commodity’s average price in 1980. Gold Price Rise Lags Behind Inflation Williams’ averments suggest the…
Bitcoin (BTC) has the potential to rise toward $75,000 by the end of this year as it breaks out of a classic bullish pattern and picks additional upside cues from its richest investors’ recent accumulation spree. Bitcoin Bull Pennant breakout in play BTC rallied over by 6% in the past 24 hours to reach a three-week high just shy of…
The government of Zimbabwe is reportedly considering adopting Bitcoin as legal a payment service, according to a local news outlet. The nation’s government is actively consulting with the private sector on the merits of Bitcoin. During a Computer Society of Zimbabwe summit, Permanent Secretary and Head of e-government Technology Unit in the Office of the President Charles Wekwete announced that…
