Coinbase and Mastercard announced a partnership to offer users more "payment choices" on the upcoming Coinbase NFT platform.
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Goldman Sachs has announced they are exploring NFT's- Why? Despite being a playground for collectibles, for some its the logical next step for incumbents.
At Fintech Nexus' Merge 2022 event, the future of DeFi and DAOs was discussed. Lex Sokolin believes it is time for a new economy to be born.
"We're aware that some people are having trouble accessing our apps and products," Facebook said in its first public comment on Twitter. "We're working to get things back to normal as quickly as possible, and we apologize for any inconvenience."
Facebook announced last week that their digital payments platform, Novi, is nearly ready to launch across multiple states, having passed regulatory checks. Novi will use a stable cryptocurrency called Diem to launch payments across borders for the 2.7 billion users of the social network.
Recent crypto hacks teach the importance of security testing, the limitations of Web3, and the need to hold judgment until all facts are in.
The Securities and Exchange Comission punted again on allowing a passive Bitcoin ETF to enter the market. It failed to approve the VanEck SolidX Bitcoin Trust, instead opting to open a commentary period to address several questions around Bitcoin price formation and the health of the exchanges. A similar outcome faces the Bitwise Bitcoin ETF. You can tell I am not a fan of this waffling, and there are two core reasons: (1) the years-long delay and uncertainty is responsible for financial damage to both traditional and crypto investors, and (2) the premise of the objections misunderstand the environment of the Internet and the way our world is shaping up in the 21st century.
Regulators have traditionally responded to bad actors in financial innovation by attacking the underlying technology versus those wielding it as a weapon.
Blockchain progress through the lens of Binance’s $180MM profit and Greensill’s $1.5B SoftBank raise
Look at the difference between (1) building out the crypto asset class, and (2) operating infrastruture for a blockchain-based digital economy. There are so many little logic pot holes into which you could fall! There are so many things one could believe that make the whole thing make no sense at all! I am anchoring around two primary data points -- a Multicoin report about Binance's financial progress and its massive (though unaudited) $180 million profit in Q3 of 2019, and a post by supply chain company Centrifuge about marrying cashflow financing with the decentralized web.
Silvergate, a US-based crypto bank that first partnered with the Facebook venture to create a stable coin last May, said in a release they paid $182 million for the operations infrastructure.