Tag: Digital

Galaxy Digital: The Role of Memecoins in the Crypto Economy and Blockchain Ecosystem

Memecoins have solidified their presence as a cornerstone of the crypto economy, despite skepticism regarding their technical innovation and value, according to Galaxy Digital. While some blockchain developers argue that memecoins overshadow more earnest technological advancements, their viral nature has allowed them to proliferate across the market, accumulating significant value. Memes and Expression Through the Ages Historically, memes have been central to human culture, evolving with social, cultural, and technological shifts. From ancient cave paintings to modern internet memes, these symbols and ideas have continually…

English Soccer Club Watford FC to Offer 10% Digital Equity Through Investment Platform Seedrs

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…

Coinbase’s Legal Chief: SEC Is Bent on Choking the Digital Asset Industry

Coinbase’s chief legal officer, Paul Grewal, announced that the crypto exchange has filed a closing brief in the Third Circuit challenging the SEC’s denial of their rulemaking petition. The brief argues that the SEC’s order, which disagrees with claims that SEC rules are unworkable for digital asset firms, lacks reasoned decision-making. Grewal asserts that the […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Global Crypto Ownership Reaches 562 Million: 6.8% of World Population Now Own and Use Digital Currencies

A new report reveals that 562 million people globally now own digital currencies, an increase from 420 million in 2023, making up 6.8% of the world’s population. Asia is at the forefront of this growth, with North America close behind. Overall, cryptocurrency adoption is rising worldwide, with notable increases seen across all continents. ‘562 Million […] Source CryptoX Portal

SEC Commissioner Proposes Joint US-UK Digital Securities Sandbox

U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce has proposed a joint US-UK digital securities sandbox. She noted that the U.S. and UK are ideally positioned for this initiative, emphasizing that this collaboration would benefit innovators, regulators, and consumers in both countries. Hester Peirce Pushes for US-UK Collaborative Financial Sandbox U.S. Securities and Exchange […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Iconic Auto Brand DeLorean Partners With Web3 Agency Otherlife to Launch Digital Marketplace

On May 30, the renowned auto brand DeLorean, made famous in the iconic film “Back to the Future,” revealed a collaboration with Web3 creative agency Otherlife, a branch of Moonpay. Together, they aim to launch a groundbreaking marketplace where DeLorean enthusiasts can purchase, sell, and exchange vehicle reservation build slots. Web3 Agency Otherlife and Auto […] Source BitcoincryptoexchangeExchanges CryptoX Portal

U.S. Lawmaker at Center of Crypto Negotiation Predicts Digital Assets Law by Next Year

McHenry, who has been wrangling the crypto legislation in the House, argued that the outcome is assured by the massive level of bipartisan backing last week for his Financial Innovation and Technology for the 21st Century Act (FIT21) – with more than a third of House Democrats showing up to vote yes, despite pushback from the White House. He said the momentum will carry into the next congressional session in 2025, if it has to, and will lift the market-structure bill and the long-awaited legislation to regulate stablecoin issuers. Source

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…