Bitcoin-touting Senator Lummis appointed to Banking Committee
In announcement the appointment, Lummis made clear that she hopes to get digital asset legislation moving. Go to Source Powered by WPeMatico
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Darknet Markets Generated $1.7 Billion in Crypto Revenue in 2020 — Set a New Record
Darknet market revenues hit a new all-time high in 2020, despite declining individual purchases from marketplaces. Blockchain analytics firm Chainalysis also spotted a singular driver behind the new record witnessed over the last year. Hydra Market Is the Major Driver Behind Revenue Figures in 2020 According to the Chainalysis 2021 Crypto Crime Report, darknet markets … Read more
Interoperability will determine CBDC winners and losers
To be first is to set the tone for the industry and control the space — a tactic otherwise known as the first-mover advantage. Go to Source Powered by WPeMatico
Former Bank of China exec joins BitMEX operator as non-executive board director
Once reportedly the highest-paid executive at the Bank of China, Wai Kin Chim has joined BitMEX’s parent firm as an independent non-executive board director. Go to Source Powered by WPeMatico
Hundreds of thousands watch as AOC takes on Robinhood on Twitch
AOC and guests explored the conditions that led to the GameStop short squeeze and the ramifications of the institutional response to it. Go to Source Powered by WPeMatico
Crypto User Builds a Mining Rig in the Back of His BMW Hybrid Car With Six Graphic Cards
A U.S. cryptocurrency miner installed a mining rig in a particular place with the motivation to “annoy gamers.” Simon Byrne installed the full infrastructure in the back of his BMW i8 hybrid car. Miner Is Trying to Create a ‘Crypto Utopia’ According to PC Gamer, Byrne fit six Nvidia RTX 3080s graphic cards into the … Read more
GameStop short squeeze highlights the power of decentralization
What do the traders on r/WallStreetBets have in common with cryptocurrency traders? Both are using technological breakthroughs to skirt processes inherent in traditional financial systems. Go to Source Powered by WPeMatico
American Cancer Society Creates Its First Crypto Only Donation Fund
The American Cancer Society has set up a fund for crypto donations so the nonprofit can raise at least $1 million by early 2021. Together with The Giving Block, the U.S.-based voluntary health organization expects to collect funds via several cryptocurrencies. Donations to Fund Cancer-Related Research Plummeted 50% in 2020 According to the announcement, the … Read more
Florida class action lawsuit alleges Ripple violated securities laws
Already facing a suit from the U.S. SEC, Ripple is now accused of violating securities laws in Florida. Go to Source Powered by WPeMatico
A ‘token’ gift: The US SEC giveth and taketh away
While we would be remiss not to laud the SEC’s statement as a step in the right direction, the shortcomings are inescapable. Go to Source Powered by WPeMatico