Blockchain

U.S. government prosecutors have charged two men with fraud and money laundering over a cryptocurrency “rug pull” scheme. Continue Reading →

According to the WSJ, the Financial Accounting Standards Board (FASB) doesn’t have plans to review accounting or disclosure for NFTs. Instead, it will conduct research on how to account for and disclose digital assets that don’t carry ownership rights, such as cryptocurrencies. Continue Reading →

In the metaverse (meta: to describe, verse: egotistically short for universe), everyone lives their ideal lives, visits amazing places, hangs out with incredible people, and has photographic evidence to prove it. In a metaverse, every event is epic, so even mishaps are considered exceptional. How might this evolve? Continue Reading →

A rock NFT valued at 444 ether (ETH), or $1.2 million, sold for 444 Wei ($0.0012) to a bot as the seller, DinoDealer, confused WEI and ETH. In a tweet, the seller said, "in one click my entire net worth of ~$1 million dollars, gone." Continue Reading →

Yuga Labs took its next step toward trying to build a broader media empire around the Bored Ape Yacht Club (BAYC) non-fungible token (NFT) series with the announcement of a cryptocurrency called ApeCoin, which will be the “primary token for all new products and services” from the company. That includes a newly announced play-to-earn blockchain game that the company plans to release later this year in partnership with the developer nWay. Continue Reading →

ConsenSys, the company that owns MetaMask, has closed a $450 million funding round that values the New York City-based blockchain company at $7 billion. The company announced that MetaMask now has over 30 million monthly active users and its Infura blockchain infrastructure tool serves more than 430,000 developers. Continue Reading →

The EU Parliament’s committee on economic and monetary affairs voted on Monday to move forward with a legislative framework for regulating digital assets. Continue Reading →

Part of the power and promise of Web 3.0 is the concept of decentralization, the ability to transact without the need for a central authority or an intermediary such as a bank or centralized exchange. While the idea of decentralization is quite easy to understand, the devil is in the details. Continue Reading →

President Biden signed an executive order on Wednesday calling on the government to examine the risks and benefits of cryptocurrencies including the potential for a U.S. central bank digital currency (CBDC). The measures focus on six key areas: consumer protection, financial stability, illicit activity, U.S. competitiveness, financial inclusion, and responsible innovation. Continue Reading →

The interweb is buzzing with speculation that President Biden will sign an executive order sometime this week to provide guidance to multiple federal agencies regarding possible regulatory changes for cryptocurrencies. The order has been in the works since 2021. Continue Reading →