This episode is sponsored by NYDIG.Download this episodeFrom $400 million to a crypto exchange to $2.5 billion for the biggest crypto fund in history, NLW tells the story of this week’s big fundraising events by the numbers.See also: Polkadot Parachain Auctions: Acala Wins Neck-and-Neck Race With Moonbeam“The Breakdown” is written, produced by and features Nathaniel Whittemore … [Read more...] about What Billions of Dollars in Crypto Fundraising Says About the Bull Market
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Crypto Could Destabilize Nations, Undermine Dollar’s Reserve Currency Status, Hillary Clinton Says
Clinton’s comments come in the wake of controversial crypto tax reporting requirement that was part of the $1 trillion bipartisan infrastructure bill signed into law by U.S. President Joe Biden on Monday. Per the bill, from 2023, brokers will need to disclose customers’ names, addresses, phone numbers, capital gains, and losses to the Internal Revenue Service. Entities … [Read more...] about Crypto Could Destabilize Nations, Undermine Dollar’s Reserve Currency Status, Hillary Clinton Says
Over half a billion dollars worth of Ethereum (ETH) are now burned
Half a billion dollars worth of Ethereum (ETH)—the world’s second-largest cryptocurrency after Bitcoin by market cap—have now been ‘burned’ after last month’s Ethereum Improvement Proposal (EIP)-1559, data from multiple sources show.The EIP-1559, an upgrade designed to improve pricing mechanisms by including a fixed-per-block network fee that is burned, went live last month and … [Read more...] about Over half a billion dollars worth of Ethereum (ETH) are now burned
Dogecoin whale activity slows down as billions of dollars depart blockchain
After a flurry of activity that saw Dogecoin (DOGE) briefly process a higher dollar-value of daily transactions than Bitcoin (BTC) and Ether (ETH) combined, the surge on the Doge blockchain appears to be slowing down.Dogecoin’s price increase throughout 2021 was accompanied by an equally outlandish increase to the value of transactions taking place on its blockchain. The dollar … [Read more...] about Dogecoin whale activity slows down as billions of dollars depart blockchain
PayPay CEO reveals crypto business has grown “multiple-fold,” teases digital dollars
In an interview over the weekend, PayPal CEO, Dan Schulman, described how his firm could provide an intermediary service distributing a potential U.S. central bank digital currency (CBDC), should the Federal Reserve Board decide to follow through.Current reports put the U.S central bank on the fence as far as greenlighting the digital dollar. But with Schulman talking about … [Read more...] about PayPay CEO reveals crypto business has grown “multiple-fold,” teases digital dollars