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MetaMask, an Ethereum-based cryptocurrency wallet, has registered five million active users, according to its creator, blockchain software firm ConsenSys (which also funds an editorially independent Decrypt.) MetaMask is a browser extension and mobile app that allows people to interact with decentralized applications (dapps) on the Ethereum blockchain via a wallet where they can store the …
Continue reading “DeFi, NFT Booms Send MetaMask Past 5 Million Active Users”
US Federal Reserve Chairman Jerome Powell has once again touched on the topic of central bank digital currencies (CBDCs), stressing that when it comes down to a potential “digital dollar,” he prefers to see a weighted approach to how and when it should be implemented. Speaking to CNBC on Wednesday, Powell said that “CBDCs are …
Continue reading “Fed Chairman on CBDCs: ‘More Important to Do It Right Than to Do it Fast’”
Tether, the most widely traded crypto asset in the market (even more than Bitcoin), yesterday hit the $50 billion mark in terms of market cap. It’s an impressive milestone for the controversial stablecoin: just in February it stood at $30 billion. What’s more, there’s now more Tether (USDT) being used on Tron’s blockchain than on …
Continue reading “Why There Is Now More Tether on Tron Than Ethereum”
The Office of the Comptroller of the Currency (OCC) is one of the less glamorous federal agencies. But the office, which oversees the country’s biggest banks, has gained new prominence in recent years due to questions over how to integrate fintech and cryptocurrency firms into the banking system. Now there’s a quiet fight over who …
Continue reading “Biden’s Rumored OCC Pick Is a Bitcoin Skeptic”
Kevin Weil, a Facebook executive and a leader of Diem, the company’s digital currency initiative, announced on Thursday he is leaving in order to join a satellite firm. The news appears to be another setback for Facebook’s crypto ambitious, which the company unveiled with considerable fanfare in June of 2019 but have since stalled amid …
Continue reading “Cofounder of Facebook’s Digital Currency Project Departs”
While Europe and the US grapple with more bad news around COVID, Bitcoin’s doing its thing again. Overnight, BTC surpassed the $35,000 mark, and at the time of writing, is holding. The push seems to be linked to an explosion in trading volume. According to data site Nomics, in the past 24 hours, Bitcoin’s volume …
Continue reading “Futures Traders Fear Correction as Bitcoin Hits Another ATH”
Cross border payments firm MoneyGram yesterday issued a statement in light of the Securities and Exchange Commission’s (SEC) recent action against Ripple. Earlier this week, the SEC charged Ripple—the firm behind the cryptocurrency XRP—with raising $1.3 billion in an unregistered securities offering. The SEC alleges Ripple raised these funds through unregistered XRP sales to investors …
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The holiday season might have put Square Crypto in a giving mood, as the firm has awarded its fifth Bitcoin developer grant of December alone. This time around, the grant went to Leon Johnson, a London-based developer of Bitcoin-related technology. Johnson told Decrypt that the grant is for $100,000 and that it will help fuel …
Continue reading “Square Crypto Grants $100K to Bitcoin Dev Simplifying Key Management”
Brad Garlinghouse, CEO of payments technology firm Ripple, said yesterday that the US Securities and Exchange Commission (SEC) was preparing a lawsuit against the firm’s alleged unlicensed issuance of XRP tokens. This morning, Garlinghouse said Ripple would “fight back” the lawsuit and the supposed discrimination against the company, stating the proceedings were an attack against …
Continue reading “Crypto Fans React to Ripple Lawsuit on ‘Unlicensed’ XRP Sales”
Liron Shapira, CEO of coaching website Relationship Hero and an early investor in Bitcoin and Coinbase, said that his introduction to the cryptosphere was a combination of luck, opportunity, and his personal investment thesis. During the latest episode of the Pomp Podcast hosted by Morgan Creek Digital Assets co-founder Anthony Pompliano, Shapira noted that he …
Continue reading “Early Coinbase Investor Discusses Buying Bitcoin in 2011”
The number of active Bitcoin addresses has shot up by over 105% this year, according to Coin Metrics’ data. In its latest ‘State of the Network’ report, released today, the crypto data site said that the number of active addresses this year doubled to hit 1.2 million. Why’s this important? It’s evidence of a healthy …
Continue reading “Bitcoin Active Addresses Doubled in 2020: Coin Metrics”
