Bitcoin is holding $60K — Here’s why it’s important
Resilient US job and inflation data and steady spot Bitcoin ETF inflows aided Bitcoin’s rally above $60,000.
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SEC drops Yuga Labs probe, Trump files NFT marketplace trademark: Nifty Newsletter
Trump-owned company DTTM Operations filed a trademark for “TRUMP” in relation to a metaverse and an NFT marketplace. In this week’s newsletter, the US Securities and Exchange Commission (SEC) has dropped its investigation into the non-fungible token (NFT) company Yuga Labs, a company owned by US President Donald Trump filed trademarks for a metaverse and

ECB exclusive: Crypto payments ‘not currently cost effective,’ Amex exec says
The American Express executive said that their firm is bullish on crypto and is actively working to incorporate more crypto-related services in the future. 218 Total views 22 Total shares Gonzalo Pérez del Arco, the director of government affairs in South Europe for card payment giant American Express, believes that making payments with crypto is not…

Vitalik Buterin endorses Celo for beating Tron in stablecoin addresses
Vitalik Buterin noted that Celo’s second L2 testnet, Alfajores, will be upgraded to Ethereum L2 on Sept. 26.

The Metaverse will bring unbridled evolution to NFTs
Even as nonfungible token (NFT) transactions have taken off and made headlines, to most people outside the crypto world, they’re just a gimmick. The metaverse will change that.There’s always a tipping point when new technologies go from incomprehensible fringe interest to, suddenly, part of life. That point usually comes from the confluence of a number…

Million-dollar startup taps Algorand to fight climate change
Climatetrade will launch its marketplace for carbon offsetting on the Algorand blockchain. 2690 Total views 11 Total shares Blockchain marketplace Climatetrade will be building its new CO2 carbon offsetting platform on Algorand, a top-50 cryptocurrency project that is gunning for scalability and transactional performance. Climatetrade announced Wednesday that it has selected the Algorand blockchain to power…

US Senate confirms CFTC chair as President Biden announces commissioner picks
At his October confirmation hearing, Rostin Behnam said it was "critically important to have a primary cop on the beat" of an emerging market that included cryptocurrencies and stablecoins. 399 Total views 11 Total shares Congressional lawmakers confirmed the nomination of Rostin Behnam, a commissioner at the Commodity Futures Trading Commission who had been serving…

SEC boss worries crypto bill undermines financial protections
A provision in the bill gives authority over some cryptocurrencies to the Commodity Futures Trading Commission (CFTC), with the agency head saying it cares about having “rigorous oversight of markets.” United States Securities and Exchange Commission (SEC) Chairman Gary Gensler said he’s worried that a proposed bill to create a regulatory framework for cryptocurrencies could…

Italian senator provokes parliament with AI-generated speech
A senator in Italy utilized OpenAI’s GPT-4 to generate a speech during a parliamentary meeting to spark a “serious debate” about the technology. 171 Total views 1 Total shares A senator in Italy spoke before members of the Italian parliament with, unbeknownst to parliament members, a speech entirely composed by artificial intelligence (AI). In the parliamentary…