U.S. Supreme Court to Hear First-Ever Crypto Case Tomorrow
Though the case the high court will hear Tuesday involves crypto, it is not itself a crypto case. Instead, this case is a fairly esoteric, procedural argument over whether a lawsuit can proceed in federal court while one party – in this case, Coinbase – is attempting to send the dispute to arbitration.
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Bitcoin Layer 2 Mezo Emerges From Stealth With $21M Raise Led by Pantera
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Bitcoin’s Share of the Crypto Market Is Nearing a 3-Month High
news Bitcoin’s share of the cryptocurrency market hit an 11-week high on Thursday, market data shows. Data from CoinMarketCap reveals that bitcoin’s dominance rate reached 55.38 percent on Dec. 6, which is its highest level recorded since Sept. 20. At press time, that figure is hovering around 55.1 percent. The dominance rate is a metric…

The Graph Starts Migrating its Settlement Layer to Arbitrum from Ethereum
The Graph – a decentralized protocol for indexing and querying blockchain data – began migrating on Wednesday from Ethereum to the layer 2 scaling solution Arbitrum.With the migration, The Graph becomes one of the largest Ethereum apps to transition to a layer 2 rollup – a move that Graph developers Edge & Node say will…

Fidelity Refiles For Spot Bitcoin ETF
Asset management giant Fidelity has refiled paperwork for its Wise Origin Bitcoin Trust, a spot bitcoin ETF.The move comes roughly two weeks after BlackRock's (BLK) iShares unit submitted paperwork for the iShares Bitcoin Trust, also a spot bitcoin ETF. Fidelity in 2021 had originally applied to launch the Wise Origin Bitcoin Trust, but that effort…

CFTC Enforcement Director McDonald to Leave This Week
Oct 6, 2020 at 14:15 UTCUpdated Oct 6, 2020 at 15:36 UTCKevin ReynoldsThe Commodity Futures Trading Commission (CFTC) said on Tuesday Division of Enforcement Director James McDonald will depart the agencyThursday, Oct. 8. McDonald has served as director of Enforcement since April 2017.No reason was given for the departure.McDonald, who has overseen numerous cases involving…

The Global Contenders Trying to Displace the Dollar
Could the dollar be replaced by a single new, dominant currency like China’s DCEP, or is a multipolar currency world more likely? Presented in documentary podcast and full transcript formats below.For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher,…

The Gig Economy Is Unfair. Here’s How Token Models Can Help
Uber driver, via WikimediaThe Gig Economy Is Unfair. Here’s How Token Models Can HelpGys Hough is Managing Partner at Coinstone Capital, an Amsterdam-based digital asset investment fund focussed on tokenization. Gys is also a partner at Digital Asset Consulting (DIAC) a consulting firm specialized in asset tokenization. Imagine a web-based taxi company where the drivers are…

Bitcoin Eyes Fed Meeting After Biggest Monthly Price Gain Since December 2020
Bitcoin’s October rally appears to have put the cryptocurrency on a firm footing ahead of central bank meetings in the U.S., U.K., and Australia to assess the stickiness of inflation and determine policy response.The top cryptocurrency rallied nearly 40% in October, hitting a fresh record high of $66,975 as investors cheered positive seasonality and the…