Trump plans to pick a16z head of policy Brian Quintenz as CFTC chair: Report
President Donald Trump is reportedly planning to pick Brian Quintenz — the head of policy at a16z’s crypto arm — as the next chair of the Commodity Futures Trading Commission.
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What are crypto faucets and how do they work?
On blockchains like the Ethereum Mainnet, fees represented in the blockchain's cryptocurrency units must be paid for transactions to be performed and recorded. From exchanges, one can purchase Ether (ETH), the native cryptocurrency of the Ethereum blockchain, and pay the transaction costs. However, alternative Ether distribution mechanisms are utilized on test networks like Rinkeby and…

GBTC premium nears 2022 high as SEC faces call to approve Bitcoin ETF
Things are looking up for the United States’ largest institutional Bitcoin (BTC) product by asset holdings.Data from on-chain monitoring resource Coinglass confirms that as of April 21, the Grayscale Bitcoin Trust (GBTC) is rebounding toward 2022 highs.Grayscale CEO: “‘If’ not ‘when’” for U.S. Bitcoin spot ETFAfter a problematic year so far, GBTC has benefitted from…

Mexican billionaire says he’s ‘all in’ on Bitcoin with 70% exposure
Mexican entrepreneur Ricardo Salinas, who first bought Bitcoin at $200 around 12 years ago, has increased his Bitcoin exposure from 10% to 70% over the past four and a half years. 409 Total views 1 Total shares Ricardo Salinas, founder and chairman of Mexican conglomerate Grupo Salinas, said 70% of his investment portfolio is now

The Metaverse, play-to-earn and the new economic model of gaming
The gaming industry, which has always been synonymous with fun, has grown massively in recent times, and a lot of money is now being mentioned when gaming comes up. Since the introduction of Web 3.0, there has been immense growth in the industry. At the end of 2019, the global gaming market was reportedly worth…

Ledger Wallet Co-Opts Controversial Pro-Brexit Slogan for Cryptocurrencies
As the United Kingdom exits the European Union, a new ad campaign by French crypto hardware wallet firm Ledger is reviving one of the most divisive pro-Brexit slogans, “Take Back Control,” to ambiguous effect.An email shared with Cointelegraph on Jan. 30 revealed Ledger’s mock-up of a planned billboard for an installation in London’s Canary Wharf,…

Maker cuts off Aave’s DAI supply as fallout from Celsius continues
The MakerDAO decided to cut off Aave from its direct deposit module as a safeguard in light of the possibility that Celsius folds and crashes the price of stETH. MakerDAO has voted to cut off lending platform Aave’s ability to generate DAI for its lending pool without collateral as the risks of Celsius’s liquidity crisis…

Judge says it could be ‘improper’ to order Bitfinex hack funds returned
Judge Kollar-Kotelly asked the US government to explain its position on forfeiture to the Bitfinex exchange by Feb. 4.

Goldman Sachs buying crypto firms, FTX news, 3AC and Celsius updates: Hodler’s Digest Dec. 4-10
Top Stories This Week 7 class action lawsuits have been filed against SBF so far, records show Former FTX CEO Sam Bankman-Fried has been named in seven class action lawsuits filed since the fall of his crypto empire. These lawsuits, however, are separate from the numerous probes and investigations examining the crypto exchange and its…