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Circle, the payment services company that operates stablecoin USDC, subsidiary crypto exchange Poloniex and equity crowdfunding platform SeedInvest, has named Devron Brown to be its senior director for global policy, according to a tweet posted by Dante Disparte, chief of strategy and head of global policy at Circle. The position
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According to Reuters, Pelosi expressed confidence the legislation will pass upon announcing the date on Sunday, Sept. 26, stating: “Let me just say that we're going to pass the bill this week." Earlier that same day she reportedly indicated she would not bring the bill to a vote unless she
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The Senate still has to vote on its own version of the bill before the two legislative groups conference to reconcile their respective versions. All of Congress will have to vote on the final bill. The provision, inserted by Rep. Patrick McHenry (R-N.C.), seeks to promote U.S. international competitiveness by
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The British-founded American multinational corporation headquartered in New York City, Sotheby’s, closed the Yuga Labs “101 Bored Ape Yacht Club” non-fungible token (NFT) collection auction at $24.3 million for the lot. The auction ended on September 10 and surpassed the expected settlement for the NFT lot which was estimated to
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In Cryptox's latest video report, we discussed the systemic risks posed by stablecoins to the stability of both crypto and traditional markets. Stablecoins have become the backbone of the crypto ecosystem, as they play a crucial role in the functioning of crypto trading and decentralized finance. Their market capitalization has grown
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The British auction house Christie’s has been immersed in the non-fungible token (NFT) art and collectibles industry for quite some time. Christie’s has auctioned blockchain-backed items like Block 21 of “Portraits of a Mind,” Cryptopunks, and Beeple’s NFT that sold for more than $69 million. On October 1, Christie’s plans
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Digital rights advocacy group Fight for the Future has publicly called out Alabama lawmaker Richard Shelby for preventing an amendment clarifying the role of crypto in the infrastructure bill to be addressed in the United States Senate.Fight for the Future has used donations it received in cryptocurrency to place a
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Despite the recent NFT frenzy starting to cool, prized nonfungible tokens with historical significance are still fetching multi-million dollar prices.On May 12, famed New York-based auction house, Christie’s, tweeted that an auction for nine tokens from pioneering NFT CryptoPunks had cleared for nearly $17 million combined.Despite the tokens fetching millions,
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