Block Chief Executive Officer Jack Dorsey criticized Meta Platforms’ failed cryptocurrency project, Diem, saying the company’s time would have been better spent focused on advancing Bitcoin. Dorsey said Tuesday that Meta’s approach to Diem, a proposed cryptocurrency formerly known as Libra that came to an unceremonious end this week, wasn’t Read more…
India on Tuesday announced plans to launch a digital currency by next year and tax cryptocurrencies and NFTs as the country moves closer to recognizing cryptocurrencies as legal tender in the world’s second largest internet market. Income from the the transfer of any virtual assets will be taxed at 30%, Read more…
LooksRare seemingly came out of nowhere to become the biggest rival yet to leading NFT marketplace OpenSea earlier this month, but there’s a big asterisk on the astronomical trading figures coming out of the platform. From a report: It’s marred by rampant wash trading, as users buy and sell NFTs Read more…
Software engineer Molly White has been a Wikipedia editor since 2006 (and also served several terms on the site’s Arbitration Committee). White is now a Wikipedia administrator and functionary — and just published an Opinion piece opposing the continued acceptance of cryptocurrency donations for the Wikimedia Foundation. Here’s an excerpt Read more…
OpenSea has revealed just how much of the NFT activity on its platform is defined by fakery and theft, and it’s a lot. In fact, according to the company, nearly all of the NFTs created for free on its platform are either spam or plagiarized. The revelation began with some Read more…
At least 26 public corporations are holding bitcoin on their balance sheets, according to data compiled by cryptocurrency analytics firm CoinGecko. Since the price of cryptocurrencies began to plummet in November, they’ve collectively lost nearly $7 billion. Quartz reports: The price of Bitcoin peaked above $67,000 on Nov. 8, but Read more…
Texas governor candidate Don Huffines said he is “committed to making Texas the citadel for bitcoin and has released a plan detailing the effort. “As a leader in innovation, Texas needs to lead the nation in Bitcoin & cryptocurrency adoption,” it reads. “Not only by acknowledging, supporting, and promoting the Read more…