Category: ICO

Web3 Digital Identity Network Galxe Crafts Own Layer-1 Blockchain Gravity

The first version of the network, built on the Arbitrum Nitro tech stack, will start in June to test cross-chain settlements in a publicly transparent manner. The full-fledged Gravity Mainnet with native staking and restaking aims to go live in the second quarter of 2025. The reason for creating Gravity, said the Galaxe team, is that the platform’s user base has significantly grown over the past three years, now counting 20 million users and 100 million monthly transactions. This required a more efficient and scalable solution to manage cross-chain interactions…

Is Crypto on the Cusp of a Bull or Bear Market? Using Consensus 2024 as a Barometer

“Consensus this year compared to last year felt like night and day,” said Wick. “The maturation was evident in the conversations, the speakers, the sponsors and the intentional inclusion of groups that are working to make the industry more diverse,” she added, noting the outreach done this year to include diversity groups like LGBTQ+ advocates at Web Q. “The industry’s best chance at sustaining a bull run is through maturation and increased integrity, and Consensus this year clearly reflects a positive move in that direction,” she concluded. Source

Goldman Sachs Digital Assets Lead Matthew McDermott Discusses the Institutional Embrace of Tokenization at Consensus 2024

AUSTIN, TX — Goldman Sachs, the 150-year-old investment bank, is getting deeper into crypto, according to the firm’s global head of digital assets, Mathew McDermott. The executive, a 19-year veteran of the bank, helped found its digital asset desk in 2021 and has since led efforts to introduce a suite of products and services including liquidity in cash-settled derivatives, options and futures crypto trading. Source

Behind the Scenes as Big-Tent Consensus Goes Up

ETH ETF IMPLICATIONS – The U.S. Securities and Exchange Commission approved key regulatory filings for proposed exchange traded funds (ETFs) linked to the price of the Ethereum blockchain’s native cryptocurrency, ether (ETH) – after months of speculation that regulators would likely deny the instruments. While most Ethereum supporters likely applauded the step, since the ETH token’s price rallied, the developer shop Consensys couldn’t resist the opportunity to tweet that “this seemingly last-minute approval is yet another example of the SEC’s troublesome ad hoc approach to digital assets.” Consensys, which is…

ARK Invest CEO Cathie Wood Said at Consensus 2024 that Ether ETF Filings Were Approved Because Crypto Is an Election Issue

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How Gunnar Lovelace Is Trying to ‘Unf*ck’ the World

To that end, Lovelace is paying multiple Dimon impersonators to wrestle anthropomorphized versions of meme coins and be paraded around Consensus by a dominatrix. The whole series of stunts is estimated to cost Agent Lovelace, as he prefers to be called, $25,000, including budget for labor, costumes and smoke bombs. Source

The U.S. Response to Binance Exec Tigran Gambaryan’s Detention Is Shameful

In late February of this year, two Binance employees were detained by Nigerian officials without notice or a public announcement of charges. In the weeks that followed, Nigerian prosecutors charged the two with money laundering and tax offenses that are entirely divorced from the personal conduct of either man. One of those Binance employees, Tigran Gambaryan, was, in fact, the company’s lead law enforcement liaison – a former IRS criminal investigator and global educator on the use of blockchain technology for identifying and combatting precisely the kind of offenses that…

DOGE Options Worth $2M Purchased by Trader

“I think altcoins have been lagging the recent run-up in ethereum and for most traders look at what ETH is doing and imply potential moves for altcoins,” Sischka said. “The ETF apporval drove the ETH rally but I think with doge the wild card is that Elon Musk adds it to Twitter as some sort of payment currency.” Source