Gary Gensler, the chair of the US Securities and Exchange Commission (SEC), called on Congress to give the agency more authority to stronger regulate cryptocurrency exchanges, lending, and platforms riddled with fraud and investor risk by his words. At a global conference on Tuesday, the SEC chair said the crypto market involves many tokens, which…

Mastercard revealed plans to develop products and services around cryptocurrencies, stablecoins, and central bank digital currencies (CBDCs). The company wants to play a role in all three vibrant crypto areas, according to the CEO. Mastercard’s CEO, Michael Miebach, provided an update of the company’s cryptocurrency plans during the earnings call on Thursday. He explained that…

Payments giant Paypal is hiring more than 100 crypto-related positions as demand for cryptocurrencies grows. Paypal’s CEO recently revealed the company’s expansion plans. According to job postings on the company’s website, there is at least 102 job openings connected to cryptocurrency and blockchain that include crypto-focused roles in compliance, anti-money laundering, and business development for…

Taproot is a Bitcoin soft fork that will enhance privacy and script execution. It is also connected with the Schnorr soft fork, which will improve scalability, transaction speed and encode multiple keys into one. This fall will mark an important milestone in Bitcoin development, as the activation of Taproot on the main Bitcoin network presumably…

India’s Ministry of Finance has clarified some questions concerning the status of cryptocurrency, crypto regulation, and crypto investor protection in the country. The minister also indicated that the recommendations in the draft bill proposed by the interministerial committee are still being considered. The Indian minister of finance, Shri Pankaj Chaudhary, answered Monday some questions about…

Table of Contents    Do NFTs protect the artists who create them? What is an NFT? Why were NFTs created? Are NFTs succeeding in their intended goal? Why pessimists believe NFTs will fail Why Anil Dash believes NFTs cannot be saved Why optimists believe NFTs will succeed Summing up: Who is right? Do NFTs protect the…

Markets for digital collectibles known as non-fungible tokens (NFT) have climbed to record highs in trading volume and average prices in the past week, particularly over the weekend. NFT marketplace OpenSea saw record trading volume on Saturday and Sunday as CryptoPunks, ArtBlocks, and Bored Ape Yacht Club prices soared. While traditional crypto assets have seen…

First popularized in 2017, ICOs are back again in a somewhat new form. Really though, it’s essentially the same, only even a little riskier than before. And yes, they are now called IDOs. IDO is an initial project token offering on a decentralized exchange, another way of public fundraising. There is no official definition of…

Polish Bitcoin miners took the idea of hiding in plain sight to a new level when they placed the rack with operating crypto machines inside police headquarters. As local media reported, Polish police have found a crypto-mining rig within its own police station. Warsaw police told the local news outlet Gazeta Wyborcza it has discovered…

Following a rise in crypto-related crimes, federal law enforcement is seizing a lot of crypto assets. Now the US government has hired a cryptocurrency firm to hold all its Bitcoin seizures. This week, Anchorage Digital, a small crypto safekeeping platform, revealed its contract with the Department of Justice to store and liquidate digital assets that…