Pro-crypto CFTC boss, subcommittee rumored as Trump inauguration nears
New reports suggest the US Senate Banking Committee is looking to create its first crypto subcommittee, while Trump is reportedly eyeing a pro-crypto CFTC Commissioner to take the agency’s helm.
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Bitcoin bulls at risk? Tether growth rate flatlines despite market cap crossing $64B
Tether Holdings Ltd, the issuer of the largest stablecoin, Tether (USDT), reported that its total market capitalization had crossed $64 billion for the first time in history.The company called the event a “milestone,” adding that it is another indication of the cryptocurrency market’s “continued trust and confidence” in its stablecoin.— Tether (@Tether_to) August 16, 2021…

Web3 adoption’s main issue: Seed phrases won’t work for 95% of mainstream users
Crypto wallets with easier sign-in options and recoverable passwords could become the industry standard in the future.

3 reasons why Ethereum has been rising faster than Bitcoin price in 2021
The price of Ether (ETH), the native cryptocurrency of the Ethereum blockchain network, has been soaring since the beginning of the new year. What's more, it has outperformed Bitcoin (BTC) since Jan. 1, gaining roughly 81% compared to Bitcoin's 26% in their respective USD pairs year-to-date.Bitcoin, Ether YTD performance. Source: Digital Assets DataThere are three…

89% of Chinese Blockchain Firms Have Tried to Issue Crypto: Report
89% of China’s blockchain firms have allegedly tried to create their own cryptocurrency, according to a senior exec at a local blockchain association. According to the state-run CCTV on Nov. 21, Yedong Zhu, the president of the Beijing Blockchain Technology Application Association (BBAA), revealed that the vast majority of blockchain industry in China is focused on…

FDIC warns CEX.IO and its reviewers to remove potentially false claims about insurance
The U.S. federal agency found a claim about deposit insurance in the fine print on the exchange’s website and on websites that reviewed it. 34 Total views 24 Total shares Own this piece of history Collect this article as an NFTThe United States Federal Deposit Insurance Corporation (FDIC) has sent a letter to executives of…

Tim Draper recommends founders hold ‘at least’ two payrolls ‘worth of cash’ in crypto
American venture capital investor Tim Draper warned business founders to prepare for "more and more" bank failures if the government continues to "print money and whipsaw interest rates." 237 Total views 3 Total shares Own this piece of history Collect this article as an NFTAmerican venture capital investor and entrepreneur Tim Draper advised founders to…

Second Life creator returns to lay claim to the Metaverse
The founder of Linden Lab’s virtual online world Second Life Philip Rosedale will be rejoining the project as a strategic advisor to guide its entry to the Metaverse.While he is negative on content interoperability in the Metaverse describing it as “a total fail” he believes an NFT based future is the way forward long term.Second…

OpenAI and Microsoft accused of stealing data to train ChatGPT in new class-action suit
The lawsuit alleges that OpenAI’s profits came as a result of using illegally scraped data to train its models. 208 Total views 2 Total shares OpenAI and Microsoft have been named as the defendants in yet another class-action lawsuit over their alleged use of web scraping techniques to obtain supposedly private data for the use