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New draft legislation on stablecoins in the United States House of Representatives proposed to impose a two-year ban on new algorithmically pegged stablecoins like TerraUSD (UST).The proposed legislation would require the Department of the Treasury to conduct a study of stablecoins similar to UST in collaboration with the United States
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Despite Bitcoin’s (BTC) promise of a peer-to-peer world, building a Bitcoin-first business in 2022 still requires third-party intermediaries. Whether it’s startup capital, using fiat money or simply exploiting fiat payment rails, Bitcoin business means interaction with the legacy financial system. A necessity for the vast majority of Bitcoin-based businesses, it means
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Within each Web3 ideological camp, certain customs are particular to each group, whether it's Ethereum co-founder Vitalik Buterin's followers abstaining from seed oils or Bitcoin maximalists photoshopping laser eyes on their social media avatars. Memes reinforce these rituals while creating mythology around company founders. Unlike traditional corporate demographics, Web3 communities
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The U.S. economy added 372,000 jobs in June, more than the expected 250,000 according to Dow Jones estimates. Ruchir Sharma of Rockefeller International and Marc Chandler of Bannockburn Global Capital joined "First Mover" to share their views on global markets and the impact of macro headwinds on crypto. Plus, Ray
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Blue-chip NFTs is a popular buzzword one will find strewn across Twitter and various crypto media. The term, “blue chip,” is borrowed from traditional finance where stocks that are considered to be the well-established extension of corporations known for their quality, reliability and financial stability. But, exactly what are blue
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Bitcoin miner CleanSpark (CLSK) is considering strategic alternatives for its legacy energy business, aiming to focus solely on its bitcoin mining segment, the company said in a statement accompanying its quarterly earnings report for its fiscal first quarter ended Dec. 31. Source
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BTIG analyst Gregory Lewis expects the sale could help the miner “flip the script” of its growth trajectory. Original Source
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The thing is, the original Libra vision of a basket-backed stablecoin was dead long before the association rebranded to Diem. Today, one could draw a comparison to tether (USDT) or US dollar coin (USDC) in that they are now backed by baskets of assets, though not baskets of currencies. They
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In his monthly crypto tech column, Israeli serial entrepreneur Ariel Shapira covers emerging technologies within the crypto, decentralized finance (DeFi) and blockchain space, as well as their roles in shaping the economy of the 21st century.When trying to examine the nonfungible token (NFT) economy as it has been shaping in
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RadioShack was a technology hallmark in the late 1990s. Big box stores dominated the emergence of new technological innovations, when personal computers, cell phones, printers, and the like all started to hit the market and were host to a fast race to be a leader in innovation. However, in recent years,
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