This episode is sponsored by NYDIG. On this week’s “Long Reads Sunday,” NLW reads SEC Commissioner Hester Peirce’s recent speech: “Lawless in Austin.” “The Breakdown” is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam...
Crypto Traders to Blame for 300% Sales Spike at Midwest Tungsten Service
Crypto meme lords have ignited a run on tungsten cubes. A two-day-old Twitter joke – “Crypto Traders to Blame for Global Tungsten Shortage” – is trending toward reality – at least if that reality is limited to desk tchotchkes. It’s also forcing the Illinois manufacturer...
Tribe Capital to Launch $75M Crypto Fund
San Francisco-based Tribe Capital’s fund will focus strictly on the crypto sector, taking long positions in early-stage projects, SAFTs (simple agreements for future tokens, a type of investment agreement that developers use to work with investors), yield farming, treasury buys and mining.
SEC Approves Bitcoin Futures ETF, Opening Crypto to Wider Investor Base
After years of trial and error by would-be fund sponsors, cryptocurrency investing is finally opening up to the masses with the tacit U.S. approval of a bitcoin futures exchange-traded fund. The Securities and Exchange Commission (SEC) greenlighted bitcoin futures ETFs in a first for the...
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Speaking of Bitcoin on the CoinDesk Podcast Network is brought to you by CrystalBlockchain.com. Why did a joke cryptocurrency with zero ambition find massive success, yet a calculated military campaign with plenty of ambition turned into a massive failure? With the right leverage, ten men...
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
This episode is sponsored by NYDIG. On this edition of “The Breakdown Weekly Recap,” NLW looks at two new policy frameworks released by companies in the crypto and Web 3 space. The first comes from Coinbase and argues there should be a new regulator for...
Epic welcomes blockchain games but don’t expect any Fortnite NFTs
Gaming platforms are choosing sides on blockchain, cryptocurrencies and nonfungible tokens (NFTs) within their respective ecosystems. Following reports of Valve banning crypto and NFT-related games on Steam, its primary competitor, Epic Games Store showed a welcoming attitude for blockchain developers and the use of crypto...
New York businesses ask governor to deny permits for crypto mining
The New York State Governor Kathy Hochul has been asked by a group of local businesses to deny permits for converting the city’s old fossil-fuel power plants into crypto mining centers. The request comes in the form of a letter cosigned by a number of...
All-time high weekly close — 5 things to watch in Bitcoin this week
Bitcoin (BTC) simply refuses to die this week as a dip below $60,000 barely lasts an hour and bears are burned yet again. After a fairly calm weekend, Sunday, Oct. 17, saw a typical drawdown before a dramatic resurgence took place for BTC/USD just an...
Grayscale hints at plans to convert Bitcoin trust into BTC-settled ETF
Institutional investment giant Grayscale is reportedly considering converting its Bitcoin Trust into a physically settled exchange-traded fund (ETF). On Oct. 17, Barry Silbert, the CEO of Grayscale’s parent company Digital Currency Group, hinted that Grayscale is making plans to convert its Bitcoin Trust into a...