Swan Bitcoin cancels conference amid staff reduction, mining shutdown
According to Swan Bitcoin CEO Cory Klippsten, “it just doesn’t feel like the right time for a festival” after the firm announced staff cuts in July.
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Institutional managers bought $2B worth of Bitcoin in October
October was a record-breaking month for BTC funds, thanks to the approval of two futures-linked ETFs in the United States. 1230 Total views 20 Total shares Institutional inflows into Bitcoin (BTC) products picked up sharply in October, underscoring renewed bullish sentiment surrounding the flagship cryptocurrency. Crypto investment products saw inflows totaling $288 million for the week…
Paradigm slams SEC’s ‘incoherent’ attempt to police decentralized exchanges
DEXes are not securities exchanges argues crypto venture firm Paradigm. 308 Total views 4 Total shares Crypto venture capital firm Paradigm has slammed the U.S. Securities and Exchange Commission’s attempt to redefine the term “exchange” — which would if accepted, bring decentralized exchanges under its purview. On June 8, the firm sent a lengthy 14-page letter…
Bitcoin Lightning on Coinbase agenda, Brian Armstrong tells Jack Dorsey
Armstrong confirmed that Coinbase was looking into adding support for Bitcoin Lightning while reassuring his support for Bitcoin payments. Brian Armstrong, the CEO of Coinbase, confirmed that the crypto exchange is “looking into” adding the Bitcoin (BTC) Lighting network in its quest to spread crypto payments adoption across the globe.On July 28, Armstrong addressed the…
US Senate confirms Lael Brainard as Fed vice chair
In a 52–43 vote on the Senate floor on Tuesday, U.S. lawmakers confirmed Lael Brainard as vice chair of the Federal Reserve System for four years. 107 Total views 2 Total shares After weeks of delays due, in part, to partisan obstructionism, the United States Senate has confirmed the nomination of Lael Brainard, a member…
Vitalik Buterin makes list of Time magazine’s 100 most influential people in 2021
Prince Harry, singer-songwriter Billie Eilish, Olympian Simone Biles, and the Ethereum co-founder all made the cut. 850 Total views 21 Total shares Time magazine has named Ethereum co-founder Vitalik Buterin one of the most influential people this year, along with musicians, world leaders, activists, and others.Appearing in the list of Time’s innovators for 2021, Buterin…
Gladius Dissolves Ignoring SEC Order to Refund $12.7M ICO
Distributed cybersecurity startup Gladius dissolved without complying with the United States Securities and Exchange Commission (SEC) to reimburse investors.The firm’s co-founder and chief technology officer Alex Godwin announced the dissolution of the company in a message sent to the project’s official Telegram group on Nov. 22. “The company no longer has funds to continue”The message —…
Bitcoin Fares Well Against Fiat Currencies, but It’s in a Class of Its Own
Gone are the days of dusty ledgers and checkbooks. Over the last decade or so, the word “money” has taken on a completely new meaning for a lot of people all over the world. This is partly due to the masses being utterly frustrated with the way many big banks handle their business transactions.In fact,…
Facebook and Calibra’s David Marcus: The Problem of Global Unbanked Is “Unacceptable”
At the World Economic Forum panel discussing digital currencies, the conversation topics included Central Bank Digital Currencies (CBDCs). Calibra’s David Marcus highlighted that regardless of the nature of digital currency, these discussions are key to innovate cross-border payments and solve the issue of the unbanked.Retail CBDCs for consumer accessBenoît Coeuré, head of the Bank of…