The Open Metaverse Alliance for Web3 (OMA3) has formed a working group, including prominent crypto brands such as Yuga Labs and Magic Eden, to establish standards and ensure the survival of creator royalties on NFT marketplaces, in response to the threat posed by the elimination of creator fees by certain platforms and the prioritization of short-term financial interests over long-term online well-being.
BitGo, a cryptocurrency custody specialist, has acquired HeightZero, a firm that provides software tools for wealth managers to invest in crypto assets, in anticipation of the likely approval of a spot bitcoin ETF and the potential surge in demand for bitcoin.
BlackRock's entrance into the cryptocurrency market and adoption of blockchain technology could have a significant impact on Bitcoin, Ethereum, XRP, and other major cryptocurrencies.
Binance.US users can no longer withdraw dollars directly from the platform, instead they must convert funds to stablecoin or other digital assets to be withdrawn, as the exchange updates its terms of use amidst regulatory scrutiny from the SEC.
Artificial intelligence is revolutionizing content creation for videos and podcasts, with AI tools being used for script development, voiceovers, editing, and thumbnail creation by content creators on platforms like YouTube, offering greater convenience and enhancing production quality.
FTX, a bankrupt crypto exchange, has proposed returning up to 90% of creditor holdings, with customers with a preference settlement of less than $250,000 able to accept the settlement without reduction; Binance experienced a crash in buy-side liquidity on Monday after an erroneous report about BlackRock's ETF approval circulated on social media; California Gov. Gavin Newsom signed a crypto licensing bill that will take effect in July 2025, requiring the creation of a regulatory framework for crypto in the state.
Ripple's job posting for a shareholder communications senior manager has led to speculation about the company's plans to go public, as the role and responsibilities listed align with IPO requirements.
Central bank digital currencies (CBDCs) have the potential to transform our perception and interaction with money, with success dependent on three core pillars: technology, policy, and usability.
Decentralized organization VitaDAO has funded the launch of biotech company Matrix Biosciences for early-stage cancer research, starting with an initial investment of $300,000 and plans for further funding through IP tokenization in 2024.
Sam Bankman-Fried, the founder of crypto trading firm FTX, is currently on trial for allegedly defrauding customers of billions of dollars; a new book by Michael Lewis provides an inside look at Bankman-Fried's rise and fall, revealing a complex character driven by a desire to make a fortune and bring about positive change through philanthropy.
Banks will be required to disclose quantitative and qualitative information on their cryptocurrency activities, including exposures, capital, and liquidity requirements, according to draft guidance published by the Basel Committee on Banking Supervision.
The stock market experienced a surge of optimism on Monday for no apparent reason.
Coinbase crypto exchange is removing non-USD trading pairs to improve liquidity on its platform, with 80 pairs being suspended, including Bitcoin and Tether.
Lightning company Mash and bitcoin media company Tales From the Crypt have launched new Lightning monetization tools that allow content creators to accept tips and donations in Bitcoin, aiming to reduce reliance on advertisements and subscriptions for content monetization, with users able to vote on content with Bitcoin or donate to websites.
Bitcoin and other cryptocurrencies are experiencing a steady surge in prices due to increasing optimism about the approval of Bitcoin exchange-traded funds by regulators.
Ethereum co-founder Vitalik Buterin did not transfer $15 million to crypto exchange Gemini, contrary to claims made by blockchain analysts, as the transfer was actually a signing off on a transfer from a charity multisig wallet to fund a grant and the funds never left Buterin's wallet.
Bitcoin (BTC) surpasses $28,400 amid positive sentiment and the signing of a crypto licensing bill in California, while remaining resilient to fake reports of BlackRock's spot bitcoin ETF approval and experiencing a 2.1% gain in the past 24 hours.
Israeli law enforcement has frozen over 100 accounts on Binance, the world's largest cryptocurrency exchange, in an effort to cut off funding for Hamas following recent attacks, with authorities requesting information on an additional 200 crypto accounts.
Decentralized liquid staking platform Lido Finance has decided to halt accepting new requests for staking Solana (SOL) tokens following a vote by Lido's LDO token holders, causing a significant decline in locked SOL tokens.
Bitcoin's dominance rate in the overall cryptocurrency market is rising to its highest level in months, threatening the rally of alternative cryptocurrencies, and is expected to continue growing in the coming days, according to technical analysis.
Bitcoin may experience a pullback of over 20% as it failed to break through the $30,000 resistance level and could potentially drop to $22,376, according to analyst Bluntz.
The weak crypto market and global economic uncertainties have contributed to lackluster performance and low investor interest in exchange-traded funds (ETFs) tracking ether, as investors prioritize more defensive and traditional assets.
Bankrupt crypto exchange FTX has proposed a plan to return up to 90% of creditor holdings by dividing missing customer assets into three pools and offering settlements without reduction for preferences under $250,000, but exclusions may apply for insiders and affiliates involved in misconduct.
Binance experienced a decline in liquidity and a crash in its ask depth after a false report of BlackRock's spot ETF approval, causing traders to face difficulties in buying and selling bitcoin compared to Kraken and Coinbase.
NFT artist Ryder Ripps' attempt to dismiss the lawsuit against him and Jeremy Cahen related to the Bored Ape Yacht Club has been met with skepticism by judges from the United States Court of Appeals for the Ninth District.
Decentralized liquid staking protocol Lido Finance has decided to end its operations on the Solana blockchain due to unsustainable financials and low fees, as approved by Lido token holders.
Decentralized exchange Uniswap will implement a 0.15% swap fee on select tokens, including Ether and stablecoins, to support the development and expansion of the crypto and DeFi ecosystem.
Former FTX engineering director Nishad Singh testified in the criminal trial of Sam Bankman-Fried, revealing details about his plea deal with the US Justice Department and FTX's endorsement deals with celebrities, as part of the prosecutors' strategy to link Bankman-Fried to the use of FTX user funds by Alameda Research.
Former head of Alameda Research, Caroline Ellison, claims to have received instructions from FTX's CEO, Sam Bankman-Fried, to sell Bitcoin if its price went above $20,000, but determining whether they actually suppressed the price is challenging, given the limited impact of their actions compared to other exchanges and the total trading volume.
BlackRock CEO Larry Fink comments on the firm's Bitcoin exchange-traded fund (ETF) application but does not disclose its status, while emphasizing the growing interest in cryptocurrency among clients; the comments came after a false report initially caused a rally in Bitcoin's price.
Uniswap Labs, the company behind decentralized exchange Uniswap, has announced a 0.15% fee on trades involving certain tokens in order to fund its operations.
The S&P 500 Index started the week positively, indicating a risk-on sentiment, which could boost buying interest in select cryptocurrencies, such as the Grayscale Bitcoin Trust (GBTC), as investors anticipate its conversion into a spot Bitcoin ETF.
Bitcoin's mining difficulty has reached a new high, making it more challenging for miners to find blocks, and experts believe this surge in activity is due to the upcoming Bitcoin halving.
Ark Invest CEO Cathie Wood has provided an update on the status of Bitcoin ETFs, stating that multiple approvals could occur by the end of 2023 or early 2024, with Ark Invest's filing having a final deadline of January 10, making them first in line for approval.
Apple's removal of crypto wallet MetaMask from the App Store prompts Coinbase CEO to suggest filing an antitrust action against the tech giant; Solana co-founder also proposes the need for an alternative app store.
Sam Bankman-Fried spent over $1 billion on celebrity endorsements and naming rights, and invested $200 million in a venture capital firm to gain access to influential individuals in order to promote his cryptocurrency exchange FTX, according to a former employee's testimony.
Sam Bankman-Fried spent over $1 billion on celebrity endorsements and investments in venture capital firms to promote his cryptocurrency exchange FTX, according to a former employee's testimony.
Bitcoin initially surged after a rumor of the first spot Bitcoin ETF being approved by the SEC, but the gains were later pared back as the rumor was debunked.
Grayscale and the crypto industry are considering their next steps after the U.S. SEC failed to appeal a court loss over Grayscale's application for a Bitcoin Trust (GBTC) spot ETF, with Grayscale stating it remains ready to convert GBTC into an ETF upon approval.
Trader Joe's is a beloved grocery chain known for its affordable products and popular items like mandarin orange chicken and everything bagel seasoning.
Genesis, a crypto lender and trading company, has been ordered by a New York court to comply with a subpoena regarding the collapse of the terraUSD stablecoin, after failing to respond by a previous deadline, amidst a lawsuit filed by the SEC against Terraform Labs and co-founder Do Kwon for misleading investors.
The jury at Sam Bankman-Fried's fraud trial saw a photograph of the FTX cryptocurrency exchange founder with a celebrity at the Super Bowl, as testimony revealed how the company spent millions on endorsement deals before declaring bankruptcy.
Binance will temporarily halt registration of new users from the UK to comply with the country's crypto advertising regulations, while existing users will still have limited access to services.
Reed's Law, developed by Harvard professor David P. Reed in 1999, states that the value of a network increases exponentially with the number of potential subgroups, impacting the growth and value of cryptocurrencies by emphasizing the importance of community building, decentralized applications, and niche-specific cryptocurrencies, while also shaping tokenomics strategies and potential pitfalls in crypto networks. Ultimately, Reed's Law is set to shape the future of the crypto industry by driving innovation, democratizing finance and governance, and promoting interconnected communities.
US Treasury Secretary Janet Yellen expresses unwavering support for Israel and Ukraine, stating that the US can afford to fund another war and highlighting the importance of economic stability amid ongoing conflicts.
A former executive at FTX testified in Sam Bankman-Fried's criminal trial, stating that he knew about $8 billion of FTX customers' money missing and that Bankman-Fried improperly used customers' money for various investments and expenditures.
Most altcoins are currently experiencing severe declines and may never reach their all-time highs again, according to crypto analyst Benjamin Cowen, who also warns that if Bitcoin were to decline, it would have a significant negative impact on altcoins as well.
Many large cryptocurrencies, including Solana, Bitcoin, Ripple, Cardano, Polygon, Ethereum, and Dogecoin, experienced positive price changes during morning trading on Monday, while several crypto-related companies and funds also saw increased shares.
Bitcoin (BTC) experienced a surge from $27,900 to $30,000, followed by a drop to $28,000, after a false report of a spot ETF approval led to significant liquidations and skepticism from analysts and reporters.
The development of blockchain-based digital assets has created a challenge for legislators and regulators, who must create a legal framework that balances innovation and financial system integrity, with progress being made through the efforts of industry actors and advocacy communities despite regulatory hostility, lawsuits, and lack of clarity in existing rules.