Ethereum’s big software update on Thursday may have turned the second-largest cryptocurrency into a security in the eyes of a top U.S. regulator. Securities and Exchange Commission Chairman Gary Gensler said Thursday that cryptocurrencies and intermediaries that allow holders to “stake” their coins might pass a key test used by Read more…
The moment finally arrived, in the last minutes before midnight on the West Coast on Wednesday. After years of delays, discussions and frantic experimentation, the popular cryptocurrency platform Ethereum completed a long-awaited software upgrade known as the Merge, shifting to a more environmentally sustainable framework. Ethereum is arguably the most Read more…
The Treasury Department will warn the White House that cryptocurrencies could pose significant financial risks that outweigh their benefits unless the government rolls out major new regulations, Washington Post reported Thursday, citing two people familiar with the matter. Through four separate reports this month, Treasury is expected to make clear Read more…
Just months after Samsung announced that it’s bringing non-fungible tokens (NFTs) to its TVs, now LG’s doing the same. The company’s new NFT marketplace, called LG Art Lab, lets you “buy, sell and enjoy high-quality digital artwork” from your TV. For now, only users in the US with an LG Read more…
A simple digital card praising Islamist militants for an attack on a Taliban position in Afghanistan last month is the first known nonfungible token created and disseminated by a terrorist sympathizer, according to former senior U.S. intelligence officials. It is a sign that Islamic State and other terror groups may Read more…
It’s the one-year anniversary of El Salvador’s adopting Bitcoin as a legal tender, so Bloomberg follows up, finding a country where “Adoption has moved slowly, and steep declines in Bitcoin’s price from those lofty levels last fall have dampened the early euphoria that swept across the nation.” “Bitcoin hasn’t replaced Read more…
The Australian Mint has released a coin in partnership with the Australian Signals Directorate (ASD) that has incorporated a code-breaking challenge in the design. The coin is to mark the 75th anniversary of the spy agency and incorporates a code with four layers of encryption — each layer progressively harder Read more…