Day: April 26, 2023

Salesforce Exec: Web3 Needs a ‘Reboot’

The values of Web3 are generally understood to be the promotion of decentralization, transparency and self-sovereignty. But those values won’t be the only driver of the mass adoption of the internet’s next iteration, according to Mathieu: The movement must also adopt a business model that responds to the needs of the next generation of internet users. Citing the landmark release of the iPod, which put 1,000 songs in your pocket, Mathieu alluded to Web3 still needing its killer app. Source

WisdomTree CEO Jonathan Steinberg Says Crypto Is “Natural Evolution” of Exchange-Traded Products

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The wallet will enable trading of tokenized real-world assets such as gold or real estate, said Steinberg. And he sees this as a huge advantage to holders of illiquid assets: “We thought through tokenization and blockchain-enabled finance that you could add functionality … When you put tokenized, physically backed gold with peer-to-peer exchange and payments, gold now becomes currency, like it was hundreds of years ago.” Source

Bitcoin Mempool Overwhelmed With 134,000 Unconfirmed Transactions Amid Price Volatility – Blockchain Bitcoin News

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Amidst the buzz surrounding bitcoin’s latest price surge, a significant number of transactions are currently clogging up the mempool. As of writing, 134,986 unconfirmed transactions await confirmation, and block times are lingering above the usual ten-minute mark. Bitcoin Transactions Backlogged as Mempool Reaches Higher Levels On the morning of Wednesday, Bitcoin.com News brought to light the decrease in Bitcoin’s global hashrate over the past 24 hours, currently hovering just above the 300 exahash per second (EH/s) range. Meanwhile, block intervals have slowed down and surpassed the average ten-minute mark, with…

Elizabeth Warren wants the police at your door in 2024

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In 2022, Massachusetts Senator Elizabeth Warren authored a bill that would require cryptocurrency wallet providers to comply with bank Anti-Money Laundering rules. Not crypto exchanges, mind you, but the wallets themselves. Kansas Senator Roger Marshall joined her on the proposal as a co-sponsor. Sadly, Marshall betrayed the populist principles he ran on as a candidate. The bill also betrayed the civil liberties and privacy tenets of progressivism that Warren espouses. Warren and Marshall are planning to reignite that debate on Capitol Hill this summer and have enlisted law enforcement advocates…

Silicon Valley-based tech accelerator expands its digital asset vertical to France

Plug and Play Tech Center, an accelerator based in California’s Silicon Valley, will expand its crypto and digital assets vertical to France, the company announced April 25.  Plug and Play has had a Paris location since 2016, where it engages with such verticals as retail, fintech, smart cities and sustainability. Paris is among Plug and Play’s over 50 offices in at least 20 countries. Plug and Play crypto and digital assets head Maximillian Jungreis said: “I am thrilled to drive our expansion into new markets like France where Plug and…

Art Blocks Co-Founder Erick Calderon Uses Free Market Ideals to Defend NFT Creator Royalties

Calderon delivered a defense of creative royalties – and the incentives that they encourage on the part of artists – that wouldn’t be out of place in an Ayn Rand novel. According to Calderon, NFTs incentivize artists to think more deeply about their artwork and engage continuously in the NFT community. With the prospect of a bigger, prolonged payday, Calderon thinks artists will create better, more valuable artwork – with the benefits (and profits) trickling down to speculators. Source

US Man Pleads Guilty to Defrauding Banks and “Leading Crypto Exchange” of over $4M

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Twenty-six-year-old Esteban Cabrera Da Corte, the leader of a Miami crew, has pleaded guilty to defrauding US banks and “a leading cryptocurrency exchange Read this Term” of over $4 million through fraudulent reversals. US prosecutors on Wednesday said Da Corte deployed false and stolen identities to perpetrate the scheme. According to Damian Williams, the US Attorney for the Southern District of New York, Da Corte and his co-conspirators in around March 2020 opened various accounts with an unnamed crypto exchange using fake US passports, drivers’ licenses and stolen personally identifying…