Wednesday, December 8, 2021

What Facebook’s rebranding tells us about Big Tech’s ‘Game of Platforms’

In his monthly crypto tech column, Israeli serial entrepreneur Ariel Shapira covers emerging technologies within the crypto, decentralized finance (DeFi) and blockchain space, as well as their roles in shaping the economy of the 21st century.Sometimes a project’s name...

Bitcoin rebounds on Wall Street open as exchange BTC reserves plunge after $42K dip

Bitcoin (BTC) recovered from a dip below $50,000 on Dec. 8 as Wall St. trading opened on a fresh bullish note.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin market ditches "extreme fear"Data from Cointelegraph Markets Pro and TradingView captured a classic rally...

Biden’s controversial anti-crypto Comptroller nominee withdraws

The Office of the Comptroller of the Currency in the USA will operate with only an acting Comptroller for a little longer after President Biden’s nominee, Saule Omarova, withdrew her candidacy from the confirmation process.In response to Omarova’s withdrawal,...

TerraUSD (UST) adoption backs LUNA’s ascension to a new all-time high

Stablecoins are an integral part of the the centralized crypto sector and the decentralized finance (DeFi) ecosystems that have sprung up over the course of the past few years because they provide the liquidity needed for traders to easily...

Australian government gives nod to 6 world leading crypto reforms

The Australian government is seriously consider the rollout of central bank digital currency (CBDC) and has backed numerous forward-looking regulatory crypto-proposals as part of a new “payments and crypto reform plan.”Treasurer Josh Frydenberg says the reforms "will firmly place...

India to set maximum penalty for violating crypto norms at fine of $2.7 million...

On Tuesday, BloombergQuint (Bloomberg India) reported that the penalty for non-compliance with the Indian government's crypto policies could range from a maximum fine of 20 crore rupees ($2.7 million USD) or 1.5 years in jail. Prime Minister Narendra Modi...

Can Bitcoin’s hard cap of 21 million be changed?

The hard cap on Bitcoin is secured from alteration by its incentive structure and governance mechanism. The entities that govern Bitcoin's ruleset have significant incentives to fight a change to the hard cap because of the network's architecture,...

Crypto tumblers, exchanges under microscope as DOJ launches new task force

The Biden administration has introduced a five-pillar strategy to counter corruption as a part of the core United States national security interest. The strategy involves establishing a new task force to address potential illicit activities on crypto exchanges and...

Retail buyers made up more than 80% of NFT transactions in 2021: Chainalysis

More than 80% of all nonfungible token (NFT) transactions were worth less than $10,000 in 2021 according to Chainalysis which categorized them as "retail" in recent research.A Dec. 6 report from blockchain analytics firm Chainalysis titled “The 2021 NFT...

Jack Dorsey’s Spiral demos Bitcoin Lightning Development Kit

The crypto arm of the recently rebranded Square (now Block) has demonstrated its Lightning Development Kit (LDK) as it aims to turbocharge the Bitcoin network. The team from Jack Dorsey’s Spiral published a video on Dec. 7 showcasing the capabilities...

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