New Jersey mayor plans to invest in Bitcoin ETFs for city’s pension fund
Mayor Steven Fulop said he had been a “long-time believer“ in crypto but did not appear to have mentioned Bitcoin or other tokens before July 25.
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Blockchain Capital’s X account hacked promoting token claim scam
The account has made multiple posts promising a token giveaway and ushers users to a copycat website to connect their crypto wallet. 151 Total views 2 Total shares The X (Twitter) account of crypto-focused venture capital firm Blockchain Capital has seemingly been taken over by scammers attempting to lure users with the promise of a…

German gov’t transfers $172M in Bitcoin to multiple locations
The German government’s latest Bitcoin transfers could impact the market significantly, as it moves 3,000 BTC to various crypto exchanges and an unknown wallet.

Members of Congress lobby Nancy Pelosi and others to amend crypto tax definition
Anna Eshoo has urged the House to amend the language in the controversial infrastructure bill. 861 Total views 6 Total shares A Californian congresswoman has written to Speaker Nancy Pelosi expressing concerns about the controversial new mandate for crypto tax reporting.Anna Eshoo, who represents California's 18th Congressional District, penned a letter to the Democratic party…

Kava to release cross-chain money market on blockchain
It will also release a governance token. 1292 Total views 19 Total shares Decentralized finance, or DeFi, platform Kava announced its intention to host a cross-chain money market on its Cosmos blockchain to capitalize on DeFi opportunities. Kava said in a statement on its website that it wants to build an application called Harvest that will…

GBP follows euro: The pound-dollar rate hits all-time low
Reaching 1 GBP = $1.04, the pound has crash-landed, marking a record low against the U.S. dollar following the new prime minister’s budget announcements. 324 Total views 8 Total shares The Great British pound sterling has fallen to the lowest level ever against the United States dollar. In a flurry of overnight trading activity, the…

Staking, Consensus and the Pursuit of Decentralization
Oh, the wonders of decentralized consensus — that dream of permissionless blockchains to be censorship-resistant, trustless, collaborative and egalitarian for a potentially global community of users. While lofty in ideals, consensus is foundational for each crypto network, which must agree upon that most basic question of who decides what on the network.Decentralized consensus in the…

Grayscale to expand crypto fund offering into Europe
CEO Michael Sonnenshein said the firm’s European rollout would be done piecemeal due to various regulatory regimes and investor attitudes. 228 Total views 4 Total shares Digital asset manager Grayscale Investments is planning to expand its product offerings into Europe to tap into growing institutional demand for cryptocurrencies in the region, CEO Michael Sonnenshein confirmed…

GameStop saga reveals legacy finance is rigged, and DeFi is the answer
Earlier this week, Elon Musk made history when he placed his full support behind Bitcoin (BTC) during a Clubhouse stream. When discussing Bitcoin and the GameStop debacle with Robinhood CEO Vlad Tenev, Musk said: “I am late to the party, but I am a supporter of Bitcoin.” This came a few days after Musk changed…