The commissioner made it clear she does not support bailouts for anyone in the crypto industry, arguing it’s better to “let these things play out.” Securities and Exchange Commission (SEC) commissioner Hester Peirce has spoken out against crypto company bailouts, arguing it’s actually better to “let these things play out,” to create a more sustainable...Continue Reading

The board stated that Twitter will be hosting a virtual meeting at an unspecified date to vote on the merger ahead of its deadline on Oct. 24. The Twitter board has unanimously recommended that shareholders vote in favor of Elon Musk’s takeover of the social media giant. Twitter’s board of directors initially accepted the $44...Continue Reading

While IOHK admitted the news was disappointing, the firm stated it is taking an “abundance of caution” to ensure the Vasil upgrade is implemented correctly. Input Output Hong Kong (IOHK), the blockchain engineering firm behind the Cardano network has released some “disappointing news”, announcing a one-month delay to the long-awaited Vasil upgrade. The Vasil upgrade...Continue Reading

Decentralized exchange Uniswap to add additional NFT functionality to its platform following the acquisition. Decentralized exchange Uniswap announced the acquisition of the NFT marketplace aggregator Genie on June 21st. Uniswap said this move is part of its mission to unlock universal ownership and exchange on its platform. Uniswap is now integrating NFTs into its product...Continue Reading

The international bank found high technical feasibility among the projects, but significant work on legal and governance frameworks still remains to be done. The Bank of International Settlements (BIS) Innovation Hub released a report Tuesday looking at four projects that examined wholesale central bank digital currency (CBDC) transfers across borders. The projects demonstrated the technical...Continue Reading

With hundreds of cryptocurrency exchanges available for users to transact on, the question becomes centralized or decentralized, neither of which offers an efficient solution. What is the next evolution for cryptocurrency exchanges? The modern DEX is designed to take advantage of the benefits of both CEX and DEXs by leveraging innovative technologies to enable more...Continue Reading

“Virtual currency is pure information and therefore energy,” said Gustavo Petro in 2021, in regard to mining crypto in Colombia. Gustavo Petro, who recently won the 2022 Colombian presidential election, has previously made statements in favor of cryptocurrencies. Petro will replace Iván Duque Márquez as the president of Colombia on August 7 for four years...Continue Reading

AVAX is testing support at $14.80 and the network’s DApp use is underperforming its competitors, suggesting that the easiest path forward is down. Avalanche (AVAX) is down 45% in 30 days and in the same time the cryptocurrencies’ total market capitalization shrank by 29%. Despite the recent downturn, this decentralized application (DApp) platform remains a...Continue Reading