What happens to both NFT activity and NFT prices when their backing asset, if we can call ether that, rapidly loses value?
Garry Kasparov: Crypto Means Freedom
CoinDesk: Garry Kasparov knows math. He knows logic, strategy and decision-making. Widely regarded as the greatest chess player in the history of mankind, the Russian grandmaster — ranked No. 1 from 1984 to 2005 — sees the world with a certain clarit…
Crypto Platform ARBIX Flagged As a Rugpull, Transfers $10 Million
Arbix Finance, an audited and supposedly trustworthy yield farming platform, has been flagged as a ‘rugpull,’ deleting its site, Twitter, and Telegram channel and transferring $10 million worth of deposited cryptocurrency. Bleeping Computer reports: Ru…
Kosovo Bans Cryptocurrency Mining To Save Electricity
Kosovo’s government on Tuesday introduced a ban on cryptocurrency mining in an attempt to curb electricity consumption as the country faces the worst energy crisis in a decade due to production outages. Reuters reports: “All law enforcement agencies wi…
Is cryptocurrency an alternative to remittances or an additive factor?
Is cryptocurrency an effective replacement for remittances? No, at least not yet.
US Returns $154 Million In Bitcoins Stolen By Sony Employee
The United States has taken legal action to seize and return over $154 million purportedly stolen from Sony Life Insurance Company Ltd, a SONY subsidiary, by an employee in a textbook business email compromise (BEC) attack. BleepingComputer reports: “A…
Crypto mayors on the rise
One mayor is certainly notable, and two mayors a pattern. But with more than three mayors on board the bitcoin bandwagon, it’s clearly a trend.
US Regulators Flag Climate Change, Stablecoins As Potential Systemic Risks
An anonymous reader quotes a report from Reuters: Climate change, the rapid growth of “stablecoins” and financial innovations that led to frenzied trading of GameStop shares early this year are threats to the U.S. financial system that merit closer scr…
Fed’s Powell Says He Doesn’t See Cryptocurrencies as ‘Financial Stability Concern’
Federal Reserve Chairman Jerome Powell said Wednesday that he doesn’t view cryptocurrencies as a “financial stability concern.” From a report: Cryptocurrencies “are really speculative assets,” Powell said in a press conference Wednesday after the Fed s…
‘PayPal for Crypto’ wannabe Ramp raises $52.7M Series A round led by Balderton Capital
In the same way that PayPal and Stripe radically changed online payments by allowing any online service to embed payments, the race is on to have the same impact on crypto assets. To this end, players such as Wyre (raised $29.1M) and MoonPay (raised $555M) have risen to the fore. But in the Summer of […]