Zuckerberg and friends are going to build their own world where anyone can spend their (hard earned?) meta dollars or whatever it will end up being called. Meta’s push into the metaverse will be a significant step to attempt to standardize the consensus of reality so that value can be harvested from users in even […]
China’s ban on cryptocurrency mining in May was exactly what the industry needed to trigger an exodus of miners and a global race to relocate millions of the ASIC (application specific integrated circuit) machines that secure the blockchains of cryptocurrencies. The crackdown by Beijing, far from undermining bitcoin, has probably done more to secure the […]
Since the U.S. President Joe Biden signed the landmark infrastructure bill into law, concern in the cryptocurrency community is growing around tighter regulations and more onerous declaration requirements for tax purposes. The bill includes a provision that would make it retroactive to the infrastructure bill’s signing as well, to ensure complete coverage. It’s […]
US regulators on Friday rejected a high-profile attempt to list a bitcoin-based exchange traded fund on Wall Street. The SEC has remained consistent in its rejection of a spot-based bitcoin ETF, given that it remains concerned over the lack of a major regulated exchange for bitcoin. In an unsurprising move, the U.S. Securities […]
On Wednesday, just as U.S. CPI data saw prices rise at their fastest rate since 1990, bitcoin rocketed to a record high? Bitcoin’s inflation hedge credentials have been burnished for as long as it’s been around and was touted as its reason for being in the aftermath of the 2008 financial crisis With […]
Singapore is adopting a pragmatic approach – adapt to the nascent asset or risk becoming increasingly irrelevant. The Singapore approach would set it apart from most other jurisdictions which have swung from banning cryptocurrencies outright, like China, to embracing them completely, like El Salvador, which declared bitcoin legal tender. Even as governments around […]
When CryptoPunk 9998 was alleged to have sold for half a billion U.S. dollars’ worth of ether, naturally there were many who believed that the NFT bubble was still well and truly alive. A closer inspection showed that the ether from the NFT trade ended up right back where it started – a process known in […]
