Reddit Co-Founder Alexis Ohanian Endorses Ethereum

Key Takeaways Reddit co-founder Alexis Ohanian endorsed the Ethereum blockchain on CNBC’s Squawk Box segment today. He stated that much of his holdings are in Ethereum, and that he favors the blockchain due to its large variety of applicatons. Though Ohanian is no longer on Reddit’s board, the social media site introduced Ethereum-based tokens last […]

The shadow DeFi conference in Miami! June 2-9

Last week, I made the mistake of being just about the only DeFi denizen who actually went to the Bitcoin 2021 event in Miami.  While I managed to catch up with a handful of builders and big brains in the convention center, my time would have been better spent tracking down degens at the various […]

Latin America, Caribbean Could Use Thousands Volcanoes To Mine Bitcoin

Source: Adobe/Veniamin A number of countries are considering using volcanoes to generate electricity, potentially providing cheaper and greener energy to local Bitcoin (BTC) mining operations while China is cracking down on this industry. In Latin America and the Caribbean alone, some 3,000 volcanoes could be used for this purpose. Yesterday, El Salvador’s President Nayib Bukele […]

Rare CryptoPunks NFT Fetches $11.75M at Sotheby’s

Key Takeaways An Alien from the iconic CryptoPunks NFT series has sold for $11.75 million at Sotheby’s. The NFT was part of the auction house’s Natively Digital collection alongside pieces by Pak, XCOPY, and FVCKRENDER. Sotheby’s will sell five CryptoPunks in physical form later this month. Share this article The NFT hype isn’t dead (at […]

Understanding What Turned El Salvador’s President Bukele on to Bitcoin

Nayib Bukele. Source: A screenshot, Instagram/nayibbukele It’s February 3, 2019, and the world’s media is reporting that Nayib Bukele, “the Latin American Donald Trump,” has just swept to power in El Salvador’s presidential elections. Turns out this is some pretty lazy reporting: Yes, Bukele is a right-wing populist. But it will soon turn out there […]

US Inflation Accelerates, State Street Launches Crypto Division + More News

Source: Adobe/noskaphoto Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.______ Economics news The US economy’s rebound from the pandemic is driving the biggest surge in inflation in nearly 13 years, with consumer prices rising in May by 5% from a year […]

Basel Committee Classifies Bitcoin as High Risk for Banks

Share this article The Basel Committee for the world’s leading central banks proposed a maximum capital requirement for crypto exposure because of risk arising from price volatility and money laundering.  Banking Committee Suggests Prudence for Crypto  The Basel Committee on Banking Supervision published a report Thursday addressing the risks posed by cryptocurrencies.  The report proposed […]

Basel Committee Classifies Bitcoin as High Risk for Banks

Share this article The Basel Committee for the world’s leading central banks proposed a maximum capital requirement for crypto exposure because of risk arising from price volatility and money laundering.  Banking Committee Suggests Prudence for Crypto  The Basel Committee on Banking Supervision published a report Thursday addressing the risks posed by cryptocurrencies.  The report proposed […]

Ledger Raises $380 Million to Expand DeFi Solutions

Key Takeaways Ledger has raised $380 million in the latest series C funding round, putting the company’s valuation at $1.5 billion. The funds will be used to expand its decentralized finance solutions, hardware products, and build an operating system. The raise comes after last year’s massive data breach affecting thousands of Ledger users. Share this […]