ANZ bank executive: The ‘weight of money’ means crypto can’t be ignored

“When you look under the hood on that, we’ve concluded that this is a major protocol shift for financial market infrastructure,” said Nigel Dobson, ANZ’s Banking Services Portfolio Lead. One of the ANZ bank’s senior executives has told a Blockchain Australia forum that the crypto sector has grown too big to be ignored by traditional finance. The comments came a day after rival Commonwealth B...[Read More]

Shanghai Man: $130M hack raises suspicions, Chinese miners head to Laos, Huobi’s moon mission

This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industrys most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations. It was a quiet week in the mainland as much of the Chinese crypto community was either lying low, off in Lisbon, or recovering from a week-long hangover following the...[Read More]

Fedspeak: Thoughts On The Latest FOMC Press Conference

The Federal Reserve, everyone’s favorite central bank, is up to its usual shenanigans. Jerome Powell, everyone’s favorite, unelected, talking piece of coral that presides over the Federal Reserve took to the stage November 3 in order to spew his typical “Fedspeak.” An important note before we begin. The Federal Reserve is creating new policies because they cannot be trusted. Two officials were cau...[Read More]

NY Mayor-elect Eric Adams will take his first three paychecks in Bitcoin

The Mayor-elect said he plans to make New York the “center of the cryptocurrency industry” after he takes office in January. New York Democrat Mayor-elect Eric Adams revealed on Twitter today he intends to take his first three paychecks in Bitcoin. Adams also doubled down on his plans to make New York the “center of the cryptocurrency industry” after he takes office in January. The clear statement...[Read More]

Bitcoin Transfer Volume At All-Time Highs

Bitcoin network transfer volume is sustained $15 billion transferred on the network per day throughout October. The below is from a recent edition of the Deep Dive, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. The transfer volume on the Bitcoin network can help ...[Read More]

Square’s Cash App Bitcoin profits fall 23% — Will opening it to teenagers help?

Cash App’s Bitcoin profits fell in the third quarter, but overall profits are still on the rise. Jack Dorsey’s payments company Square Inc. revealed in its Q3 earnings report that mobile payments app Cash App saw a 23% drop in quarterly profits generated by Bitcoin. But Bitcoin profits and revenue are both up year on year. Square attributes the drop off in quarter-on-quarter Bitcoin revenue and gr...[Read More]

The World Needs Bitcoiners’ Relentless Optimism

While the majority seem not to question society’s prescribed way of life, Bitcoiners cannot be tamed. First off, I recently read Aleksander Svetski’s article “Bitcoiners Are the Remnant, The Masses Don’t Matter.” It hit a chord at my deepest core and what he was elegantly articulating in that piece inspired me to write this. Bitcoiners, here is my ode to all of you: “Bitcoin fixes this!” The phras...[Read More]

Solving For Jamming Attacks On The Lightning Network

Jamming attacks on Bitcoin’s Lightning Network, akin to DDoS attacks, haven’t been carried out yet. But mitigation is needed. The below is a direct excerpt of Marty’s Bent Issue #1106: “Jamming attacks on the Lightning Network and proposed solutions.” Sign up for the newsletter here. via BitMEX Research Our good friend Gleb Naumenko dropped an incredible post today di...[Read More]

Mythical Games announces $150M raise as the company expands into NFTs

The game developer’s total valuation is now $1.25 Billion, following a successful raise. Mythical Games announced the conclusion of a $150 million fundraising round. The company conducted the raise at a $1.25 billion valuation on Thursday, which was led by global venture capital firm Andreessen Horowitz. Mythical said it plans to use this new infusion of capital to help integrate NFTs into games. ...[Read More]

Colombian exporter developing cryptocurrency to help transport long-horned beetles to Japan

This Colombian beetle exporter once used biotechnology to reduce organic waste. It’s now moving into cryptocurrency development. As reported by Reuters Thursday morning, Tierra Viva (“Alive Earth”), a Colombian exporter of long-horned beetles based in Tunja, has been developing its own cryptocurrency to avoid high commission costs on international sales. According to the outlet, ...[Read More] Coin Hits All-Time High After Listing From Rival Coinbase

Publicly traded cryptocurrency exchange Coinbase has been aggressively listing crypto assets of late. But that has extended beyond little-noticed coins and tokens such as Jasmy Coin and ARPA Chain to a more surprising asset: Coin (CRO). Coinbase announced yesterday that trading of Ethereum-based CRO would begin immediately. The listing has been a boon for CRO, which reached an all-time ...[Read More]

SOL Flips USDT in Market Cap; Axie Infinity Ronin DEX Goes Live: Markets Wrap

Solana has become the fourth largest digital asset by market capitalization, USDT drops to fifth. Axie Infinity has launched Katana, the highly anticipated Ronin decentralized exchange. Solana (SOL) has flipped the world’s largest stablecoin, USDT, in market cap to become the fourth largest digital asset. Solana’s cheap transaction fees, high throughput, NFT marketplaces and bridges have driven fu...[Read More]

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