The crypto gaming market took off in 2019 with some record sales. The nonfungible token market is one of the most exciting spaces in crypto right now. Significant investments are being made on nonfungible tokens as people diversify their decentralized portfolios in the hope that this promising market continues to grow. As we begin 2020,…
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Cambodia is the latest country to demonstrate serious pro-blockchain action. The National Bank of Cambodia’s new digital currency is called Bakong. It’s effectively a central bank digital currency (CBDC) that was launched on a trial basis throughout Cambodia in July. Chea Serey, director-general of the National Bank of Cambodia, said the system will be operational…
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At a congressional hearing on digital payments, U.S. Representative Emmer expressed fear over stifled crypto innovation. In a Jan. 30 congressional hearing on mobile payments, U.S. Representative Tom Emmer fears criticism of digital payment innovation may stifle progress. Emmer laid out his concerns over regulation smothering innovation: “There’s a whole environment out there of brilliant,…
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Former NFL player Joe Theismann said Bitcoin has taken a back seat in the financial world. Former NFL player Joe Theismann thinks Bitcoin has drifted to the back burner, out of the public’s microscope. “It’s sort of been pushed way on the back shelf,” Theismann told Bloomberg in a Jan. 30 podcast interview. “I’m not…
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Former Ethereum developer Virgil Griffith pleads innocent before New York court in North Korea sanctions case. Ethereum developer Virgil Griffith entered a plea of not guilty Thursday afternoon in a Southern District of New York courthouse. Griffith is charged with conspiring to violate the International Emergency Economic Powers Act after traveling to North Korea (DRPK)…
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CME has passed the $100 billion volume mark for its Bitcoin futures trading product. The Chicago Mercantile Exchange, or CME, has hosted over $100 billion in volume for its Bitcoin futures trading product. “CME Bitcoin futures have surpassed $100 billion in total notional value traded since their launch in December 2017,” CME Group Managing Director…
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Bitcoin’s Taproot proposal is believed to vastly improve privacy, but its author revealed that it is not a silver bullet and it does not hide CoinJoin transactions. The activation of Bitcoin’s (BTC) Taproot upgrade is moving forward as official Bitcoin Improvement Proposals (BIP) were submitted for review on Jan. 24. Even though Taproot is often…
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At a hearing before Congress today on the rise of alternatives to cash, crypto took centerstage, with many representatives clearly invested in learning more about the space. Congress clearly has crypto on the brain, with the question of regulation being a matter of when. At a Jan. 30 hearing before the Fintech Task Force, a…
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Cryptocurrency exchange Bittrex obtained $300 million in digital asset insurance against theft or collusion for the cryptocurrency it holds in cold storage. Cryptocurrency exchange Bittrex obtained $300 million in digital asset insurance against theft or collusion for the cryptocurrency it holds in cold storage. Bittrex announced in a blog post on Jan. 29 that the…
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Coinbase Custody and Bison Trails have joined the Proof of Stake Alliance, an organization lobbying for better tax and regulatory treatment of staking rewards. Coinbase Custody and Bison Trails have joined the ranks of the Proof of Stake Alliance (POSA), a Jan. 30 press release announced. Together with the alliance, they will advocate for the…
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