a16z exec: Stablecoin regulatory clarity needed to avoid ‘FTX-level issue’

A year-end wager for $80,000 Bitcoin (BTC) might seem entirely off the table now, but not so much back in March as BTC rallied to $48,000. Unfortunately, the two-week 25% gains that culminated with the $48,220 peak on March 28 were followed by a brutal bear market.It is important to highlight that the U.S. stock…

Huobi’s COO believes lack of defined regulation and infrastructure services are preventing the mass adoption of blockchain technology. Robin Zhu, Huobi Global Group’s COO, told Cointelegraph at a China Great Bay Area International Blockchain Week pre-event interview on August 3 that lack of defined regulations and infrastructure services are preventing the mass adoption of blockchain…

Ordinals have been a controversial topic within the Bitcoin community but crypto investment firm Grayscale says there’s two main reasons to be optimistic. 147 Total views 2 Total shares Own this piece of history Collect this article as an NFTBitcoin (BTC) Ordinals — also known by some as Bitcoin NFTs — could renew developer enthusiasm…

Venture capitalist and PayPal co-founder Peter Thiel has invested in cryptocurrency investment platform Layer1, according to a press release published Dec. 19.San Francisco-based Layer1 has concluded a $2.1 million seed funding round backed by such industry players as Thiel, crypto-focused venture capital company Digital Currency Group, and American investor and Protégé Partners founder Jeffrey Tarrant,…

The government of the Indian state of Maharashtra is preparing a regulatory sandbox for testing blockchain solutions across various applications. According to a report by Indian English-language news daily DNA India on Aug. 19, the government aims to apply blockchain technology in supply chains, agricultural marketing, vehicle registration and document management. The Maharashtra Information Technology Directorate will…

A Bitcoin-mining power plant in upstate New York has sold 106 petahash of its computing power to an undisclosed buyer using a “hashpower contract” settled in Bitcoin (BTC).The contract — brokered by BitOoda Digital — first launched in January with the aim of providing institutional investors to purchase large blocks of Bitcoin hashpower in over-the-counter…

Data from Whalemap shows $13,000 is turning into a BTC whale support as the price of Bitcoin hovers above $13,600. 1446 Total views 19 Total shares According to on-chain data from the analysts at Whalemap, $13,000 has become a support level for the price of Bitcoin (BTC). Whale clusters indicate that whales — or large…

ARK Invest CEO Cathie Wood doesn’t appear to have been swayed by recent crypto regulatory action, buying another $19.9 million shares of Block Inc. right after buying $21 million in Coinbase stock.Wood’s latest buying spree comes despite the United States Securities and Exchange Commission this week suing two of the industry’s exchange heavyweights, Binance and Coinbase,…

The British payment platform said it will use funds to further crypto payment processing. 109 Total views 24 Total shares Global payments processor Checkout.com announced a $1 billion Series D funding round on Wednesday, which marks a total of $1.8 billion raised to date and a $40 billion company valuation.Among the primary investors in the…