Opinion by: Evan Kuhn, president of DeLorean Labs When car manufacturers develop a new model, their fragmented logistics and sales cycle mean that even if a customer puts down a deposit, they have no feasible or reliable way of projecting delivery for that car. Eager car buyers can wait months or even years after paying…
The Bitcoin mining difficulty, the average difficulty level for mining a block on the network, climbed to a new all-time high of 134.7 trillion on Friday. Network difficulty hit a previous all-time high in August and steadily rose throughout the month, despite projections that network difficulty would decrease. Bitcoin’s hashrate, the average of the total number of…
The US Senate updated its crypto market structure bill on Friday, adding a key provision to clarify how tokenized assets are regulated. The new clause would ensure that stocks and other securities remain classified as securities when tokenized on a blockchain, avoiding potential confusion over whether they should fall under commodities regulation. The distinction is…
Canadian blockchain company SOL Strategies is set to debut on Nasdaq next week after securing approval to list its shares. In a Friday notice, SOL Strategies said it would begin listing common shares on the Nasdaq Global Select Market starting on Sept. 9 under the ticker symbol STKE. The listing will end of the company’s shares trading…
The US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) released a joint statement on Friday exploring a possible shift to 24/7 capital markets and regulations for crypto derivatives. Scaling onchain finance requires a 24/7 trading environment across asset classes, the regulators said in the statement. Crafting regulatory clarity for event contracts and perpetual…
Crypto exchange Gemini, founded by Cameron and Tyler Winklevoss, is expanding in Europe with new staking and derivatives offerings. Gemini users in the European Economic Area (EEA) can stake Ether and Solana, as well as trade perpetual contracts denominated in Circle’s USDC stablecoin, the company told Cointelegraph on Friday. The launch follows Gemini’s approval under Markets in Crypto-Assets…