Presidential Candidate Robert F. Kennedy Jr unveiled a significant announcement this week involving bitcoin. The plan included cutting taxes and to begin backing US debt with bitcoin, among other assets.
“My plan would be to start very, very small, perhaps 1% of issued T-bills would be backed by hard currency, by gold, silver platinum or bitcoin,” Kennedy said according to Bitcoin Magazine’s coverage, reported by TheStreet.
The excitement ...
The Securities and Exchange Commission does not like exchanges issuing their own tokens, making commissions and fees off trades of other tokens, nor does it like exchanges acting as clearinghouses or custodians for their client’s cryptocurrencies. But this is usually how it goes in the rest of the world.
However, new rules in Hong Kong require exchanges to contract third parties or set up another entity to act as custodians of client funds f...
AI is set to revolutionize a significant portion of the world's software. Experts predict that AI will contribute a staggering $15.7 trillion to the global economy by 2030, leading to a 14 percent increase in global GDP. Meanwhile, Web3 – the decentralized iteration of the World Wide Web – is also poised to play a fundamental role in advancing internet technologies.
As venture capitalists anticipate the end of the crypto winter and the rise ...
Ben McKenzie, best known for his roles in popular television series like "The O.C." and "Gotham," is on a mission. His target? The complex world of cryptocurrency.
McKenzie's foray into the world of crypto started during the early days of the pandemic. With TV production on hold and a lot of free time on his hands, he began reading about crypto out of curiosity. The more he learned, the more he grew suspicious. He saw similarities between the...
Companies like Fidelity, BlackRock
BLK
and Valkyrie have all filed requests to offer bitcoin spot exchange-traded funds, which are financial tools that offer investors the opportunity to capitalize on bitcoin's price fluctuations without the need for direct ownership. If approved, these ETFs will mark a significant milestone for institutional acceptance of bitcoin. However, as with any financial innovation, bitcoin ETFs present a unique ...
The Lightning Network might be the greatest payment network you’ve never heard of. It is a second layer network built on top of bitcoin that facilitates instant and cheap bitcoin payments without the need for intermediaries. Lightning is being leveraged to send money globally faster, better, and cheaper than with traditional financial rails.
“The Lightning Network is a payments technology that democratizes access to the global economy, makin...
Dear Subscribers,
I would imagine that many of you read the Ripple summary judgment with a lot of interest and excitement yesterday. For any of you who haven't, here are the key details. A federal judge in the Southern District of New York issued a long-awaited ruling in the SEC’s suit against Ripple. Dating all the way back to December 2020, just mere months after I took over this newsletter, the SEC charged Ripple with selling $1.3 billion ...
US District Judge Analisa Torres in New York ruled on Thursday that Ripple Labs Inc. sales of the XRP
XRP
token to institutional investors is a securities offering, but such sales are not securities when sold to the general public. The court did not rule on whether secondary market sales of XRP are offers or sales of securities.
The court order was in response to motions for summary judgement from both the SEC, as plaintiff, and Ripple L...
Women are underrepresented across the fintech industry, and the emerging realm of Web3 is no exception. There are many reasons for women to be both frustrated and inspired about the potential for increasing diverse representation in the crypto industry.
Alarming statistics from a Boston Consulting Group study earlier this year revealed that only 13% of Web3 startups are led by women founders, with just 3% having an all-women founding team. F...
The bitcoin community’s favorite social networking protocol, Nostr, now has millions of users worldwide and is quickly becoming an integral part of the digital economy. Primal, an emerging player in the Nostr industry, has secured $1 million in funding from Ten31, Hivemind Ventures, and others, making it the first venture capital-backed startup solely dedicated to developing bitcoin-infused Nostr applications.
This funding comes at a pivotal...
