Funds will support the expansion of Glow’s solar grid in India, which is expected to replace the energy consumption of 34,000 households. Ethereum-based protocol Glow has raised $30 million from venture capital firms to scale up its decentralized solar farms. The round was led by Framework Ventures and Union Square Ventures, with participation from Lattice...Continue Reading
Economic sanctions have a profound effect on international financial architecture, it turns out. The Bank for International Settlements (BIS) has “graduated out” of Project mBridge, the wholesale central bank digital currencies (CBDC) bridge its Innovation Hub has helped develop since 2021. Nonetheless, the project is many years away from becoming operational, BIS general manager Augustin...Continue Reading
Giancarlo Giorgetti said cryptocurrencies like Bitcoin presented a “very high level of risk,” highlighting the need for additional taxes. Giancarlo Giorgetti, the Italian Minister of Economy and Finance, has pushed back against critics of a plan to raise the country’s capital gains tax on cryptocurrencies like Bitcoin to 42%. At a World Savings Day event...Continue Reading
Prominent artists including Imogen Heap and deadmau5 join KOR Protocol in shaking up the music industry, using blockchain to challenge streaming giants and put power back in artists’ hands. The Web3 music scene just got a little bigger after several major mainstream artists joined the advisory board of the KOR Protocol, an innovative Web3 project...Continue Reading
The acquisition will allow Crypto.com’s family of companies to offer stocks and equity options to eligible traders in the United States. Cryptocurrency exchange Crypto.com has announced the acquisition of Watchdog Capital, a broker-dealer registered with the United States Securities and Exchange Commission (SEC). The move will allow the exchange’s subsidiary in the country to offer...Continue Reading
The ETHSafari crypto conference in Kenya is a world away from Token2049… and a completely different mindset. The six-hour train journey from Nairobi, Kenyas capital, to the coastal city of Mombasa is a pleasant one. Clean carriages, very well-dressed passengers and a punctual timetable make a nice change from the uncertainty of traveling in Africa. ...Continue Reading
Ethereum price continues to consolidate, but a fledgling technical pattern hints at an upcoming rally to $2,800. Ether (ETH) price has struggled to find bullish momentum for months, with the altcoin demonstrating a mere 1% rise in October compared to Bitcoin’s (BTC) 14% return. The perceived lack of interest from retail and institutional investors is...Continue Reading
Users have more confidence in DeFi brands the longer they survive without incident, but every new upgrade may reset the clock. Opinion by Merlin Egalite, co-founder of Morpho Labs. There is a great irony in crypto: it was designed to be “trustless,” but trust and longevity for brands often play a major role in where...Continue Reading
BTC price action dips nearly 2%, unsettling late longs as Bitcoin shows no interest in the latest US macro data prints. Bitcoin (BTC) fell toward $71,000 at the Oct. 31 Wall Street open as United States macro data failed to reignite BTC price upside. BTC/USD 1-hour chart. Source: TradingView Data from Cointelegraph Markets Pro and...Continue Reading
As institutional interest in Bitcoin soars, the crypto community grapples with fundamental questions about custody and control. Michael Saylor’s comments on Oct. 21 about Bitcoin custody caused a furor among the crypto community, sparking debates over self-custody and the future of crypto adoption. Saylor, himself the executive chairman of software company-cum-Bitcoin (BTC) investment vehicle MicroStrategy,...Continue Reading
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