Decentralized protocols, finance philosophy, and investing.
A top official of India’s central bank has compared cryptocurrency to a “Ponzi scheme” and suggested an outright ban in its sharpest criticism just weeks after the government proposed taxation of the virtual digital asset and paved way to recognize it as legal tender in the world’s second-largest internet market. Read more…
Crypto startup BlockFi agreed to pay $100 million to settle allegations from the SEC and state regulators that it illegally offered a product violating securities law. This is the largest-ever penalty against a cryptocurrency firm and the first in which a crypto company was charged with violating the registration provisions Read more…
What’s the lesson after $3.6 billion in stolen bitcoin was seized by America’s Justice Department from the couple who laundering it? Wired argues it all just shows how hard it is to launder cryptocurrency: In the 24 hours since, the cybersecurity world has ruthlessly mocked their operational security screwups: Lichtenstein Read more…
During today’s telecast of the Super Bowl, 100 million Americans will see at least three commercials promoting cryptocurrency, reports the Washington Post, “and though Tom Brady may be gone from the game, he hovers over it, hawking crypto exchange FTX.” “Yet the hype belies a more complicated relationship. Unlike the Read more…
Reuters reports that a popular NFT trading platform “has halted most transactions because people were selling tokens of content that did not belong to them, its founder said, calling this a ‘fundamental problem’ in the fast-growing digital assets market….” The U.S.-based Cent executed one of the first known million-dollar NFT Read more…
Binance, the world’s biggest cryptocurrency exchange, is making a $200 million strategic investment in Forbes, the 104-year-old magazine and digital publisher, CNBC has learned. The funds will help Forbes execute on its plan to merge with a publicly traded special purpose acquisition company, or SPAC, in the first quarter, according Read more…
Intel is entering the blockchain mining market with an upcoming GPU capable of mining Bitcoin. Intel insists the effort won’t put a strain energy supplies or deprive consumers of chips. The goal is to create the most energy-efficient blockchain mining equipment on the planet, it says. “We expect that our Read more…