Monthly Archives: September 2021

Giving Bitcoin To A City With Mayor Jayson Stewart

Crypto Daily

Jayson Stewart, mayor of Cool Valley, Missouri, discusses giving bitcoin to his constituents and why Bitcoin is fundamentally American. Watch This Episode On YouTube Listen To This Episode: BitcoinTV Apple Spotify Google Libsyn Overcast As someone whose political agenda involves righting past wrongs and enabling citizens to have freedom, Bitcoin perfectly fits all of Jayson’s Stewart’s objectives. Stewart is an environmentalist, entrepreneur and, as of 2020, he is the mayor of Cool Valley, Missouri. You may have heard of him: He went viral when he announced that […]

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Bitcoin As A Secret Plan B For Your Children

Crypto Daily

A father of three explains why he is saving in bitcoin for their future. I am not a worrier and have a quite relaxed kind of life. My wife and I both run our own business. She has a small beauty salon and I have a home office where I consult small-to-medium enterprise (SMEs) about subsidies. We don’t work full time. I work about 32 hours per week and my wife works around 20 hours. So we also have lots of spare time to enjoy life. In the […]

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CFTC commissioner: agency doesn’t have enforcement resources without Congress

Crypto News

“We’re not necessarily looking for more authority without more resources,” said Dan Berkovitz in regards to crypto markets. Dan Berkovitz, one of three commissioners currently serving at the U.S. Commodity Futures Trading Commission, said while the agency is suited to futures contracts, swaps, and options trading, it would need additional resources to handle the cash market for crypto assets. Speaking at the Managed Funds Association Digital Assets Conference on Tuesday, Berkovitz said the Commodity Futures Trading Commission, or CFTC, enforcement actions in the crypto space have been […]

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This Crowdsourced Project Attempts to Reveal American Politicians That Own Bitcoin

Crypto Daily

On September 19, 2021, the software developer and cofounder of Casa, Jameson Lopp, announced a new project called bitcoinpoliticians.org which sifts through Congressional financial disclosures and records them into a database. Lopp says the aim is to create “more transparency around bitcoin ownership” and so far he’s analyzed about 13% of Congressional financial disclosures. Jameson Lopp Launches Bitcoin Politician Project These days politicians owning bitcoin has become a rising trend during the last few years in contrast to the early days when bureaucrats criticized the concept regularly. […]

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Pundits say crashing floor prices and sell volume signal that ‘the NFT market has died’

Crypto News

High-profile NFT sales have dominated the headlines, but the deeper analysis shows that most NFTs are worthless and that the market is highly illiquid. Nonfungible tokens (NFTs) dominated crypto and mainstream media headlines all throughout 2021 as investors who held CryptoPunks and other projects minted prior to 2018 were finally rewarded for their patience. Meanwhile, newer projects like the Bored Ape Yacht Club and Art Blocks Curated saw some of their rarer pieces sell for millions of dollars.  Despite the million-dollar sales for select one-of-a-kind NFTs and […]

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LBank Exchange Will List THN (Throne) on September 22, 2021

Crypto Daily

PRESS RELEASE. INTERNET CITY, DUBAI – LBank Exchange, a global digital asset trading platform, is proud to list THN on September 22, 2021. For all users of LBank Exchange, the THN/USDT and THN/ETH trading pairs will be officially available for trading at 21:00 (UTC+8) on September 22, 2021. In recent months, NFTs have risen in popularity with artists and creators for their transformative role in ownership, commerce, and how creators connect directly with buyers, fans, and collectors. The Throne ecosystem is designed from the ground up to […]

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JPMorgan, Deutsche Bank Oppose Strict Basel Rules For Banks Holding Bitcoin

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The biggest U.S. and European banks oppose strict new rules that would require them to set aside a dollar in capital for every dollar of bitcoin they own. Three months after global banking regulators proposed strict new rules for traditional financial institutions seeking bitcoin exposure, JPMorgan, Deutsche Bank, and other banking giants opposed what would require them to set aside one dollar in capital for each dollar of BTC they own. The strict rules were proposed in June by the Basel Committee for Banking Supervision, a group […]

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Bitcoin Mining Giant Genesis Digital Assets Raises $431 Million

Crypto Daily

The round led by investment firm Paradigm will fund the expansion of Genesis’ bitcoin mining operations in the U.S. and Nordics. Bitcoin miner active since 2013 Genesis Digital Assets announced today the raise of $431 million to fund the company’s expansion plans. The round, led by investment firm Paradigm, comes less than two months after the miner’s previous funding round of $125 million. Former investors also joined the funding round, including NYDIG, Stoneridge, FTX, Ribbit, Electric Capital, Skybridge, and Kingsway Capital, the $2 billion U.K.-based private equity […]

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Sommelier partners with Mysten Labs to launch Cosmos smart contracts

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Mysten Labs’ engineers formerly created the blockchain network on Facebook’s Diem and Novi crypto projects. Sommelier, a co-processing protocol to the Ethereum Virtual Machine, or EVM,  announced a research and development partnership with Mysten Labs to increase liquidity transaction speeds and launch smart contract applications on the Cosmos blockchain on Tuesday. Founded in 2020 by Zaki Manian, a core developer on the Cosmos protocol, Sommelier is a test-net protocol designed to deliver enterprise-grade automated financial transactions such as limit orders, batched orders and portfolio rebalancing to decentralized […]

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NFT Fantasy Football Platform Sorare Raises $680 Million in Series B Led by Softbank

Crypto Daily

On September 21, the non-fungible token (NFT) fantasy football platform Sorare announced the company raised $680 million in a Series B funding round led by Softbank. The capital raise gives Sorare a new valuation of around $4.3 billion and the company plans to open a U.S.-based office. Sorare Reveals $680M Capital Raise Non-fungible token (NFT) assets have seen phenomenal growth this year and the company Sorare aims to tether the billion-dollar NFT industry to the multi-billion-dollar fantasy sports market. The market size of fantasy sports in the […]

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