[ad_1] One of the most popular apps on Ethereum is enjoying a surge in price for its decentralized autonomous organization (DAO) governance token following a widely lauded airdrop. Ethereum Name Service, a protocol that issues non-fungible tokens (NFT) that can represent Ethereum addresses as well as web domains, launched an airdrop portal for its newly […]
[ad_1] This episode is sponsored by NYDIG. Download this episode On this week’s “Long Reads Sunday,” NLW looks at two very different takes on the economy in threads by Raoul Pal and Alex Good. See also: NFTs Take Over NYC “The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by […]
[ad_1] Fabio Panetta, a member of the European Central Bank’s (ECB) executive board, detailed the roadmap for the successful inclusion of a “digital euro” on Friday. The ECB is examining whether to introduce a central bank digital currency (CBDC) for retail payments, Panetta said in a speech at the Elcano Royal Institute, Madrid. If payment […]
[ad_1] Riot Blockchain increased its forecast for bitcoin mining computing power guidance to 8.6 exahash per second from previous guidance of 7.7 EH/s for next year, according to a statement on Wednesday. The Castle Rock, Colorado based miner cited a recently completed $54 million purchase order for 9,000 S19j Pro miners with Bitmain for the […]
[ad_1] Sfermion, an investment firm from crypto podcaster and analyst Andrew Steinwold, says it has raised $100 million for a new fund focused on non-fungible tokens (NFTs), with contributions from Marc Andreessen and the Winklevoss twins. Steinwold told CoinDesk that the fund, dubbed simply “Fund II,” will focus in on the “experiential infrastructure that involves […]
[ad_1] A number of emerging markets and developing economies (EMDEs) have been looking at stablecoins and central bank digital currencies (CBDC) to address weaknesses in their financial systems. But according to a paper released Friday by the Bank for International Settlements (BIS), these digital currencies may create daunting issues in these markets and not address […]
[ad_1] Global anti-money laundering (AML) agency the Financial Action Task Force (FATF) has released its updated guidance for firms that handle cryptocurrency and virtual assets. It appears designed to corral much of the nascent industry into the existing regulatory framework for banks. After incorporating industry feedback from April 2021, the updated rules for so-called virtual […]
[ad_1] There is never a dull moment in the crypto market. While bitcoin and the broader crypto market appear to be in stasis at press time, FXS, a governance token of a lesser-known fractional algorithmic stablecoin protocol Frax, has jumped 80% in 24-hour. You read it right; in a single day, the token has gained […]
[ad_1] The Central Bank of Nigeria (CBN) will launch its digital currency, the eNaira, on Monday, Bloomberg reported. The eNaira, which is intended to complement the physical Naira rather than replace it, will “make financial transactions easier and seamless for every strata of the society,” the CBN said in emailed statement on Saturday, according to […]
[ad_1] Banks in Spain are getting ready to offer crypto services to their clients, but are being frustrated by the lack of clarity from their central bank. The Bank of Spain said in June it would provide instructions for entities wishing to register to provide crypto services. The corresponding registry is meant to be operational […]