Tag: Digital

Anti-CBDC Bill Could Curb Fed’s Power Over Digital Dollar, Sponsor Says

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Representative Tom Emmer, the sponsor of the US House’s Anti-CBDC Surveillance State Act, said the bill, if passed, would significantly limit the Federal Reserve’s ability to issue a central bank digital currency. In a Friday press call, the Minnesota representative spoke on the progress of the Anti-CBDC bill, which he introduced in the House in March. “If [the Fed] could emulate cash, then the law is going to afford them that ability, but right now, they can’t,” said Emmer on the US government issuing a CBDC.  The bill was one…

Digital Euro No Silver Bullet to USD Stablecoins: ECB Adviser

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A central bank digital currency (CBDC) alone will not be enough to challenge the rise of US dollar-pegged stablecoins, according to an adviser to the European Central Bank (ECB). In a blog post published Monday on the ECB’s website, adviser Jürgen Schaaf outlined a range of strategic options for the European Union to address the rapid rise of dollar-based stablecoins. Among those options were regulated euro-pegged stablecoins, distributed ledger technology (DLT) applications and the ongoing development of the digital euro. He also emphasized the role of stronger global coordination on…

Solana Boss Says Memecoins, NFTs Are Digital Slop

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Solana co-founder Anatoly Yakovenko has sparked controversy after referring to memecoins and non-fungible tokens as “digital slop,” despite Solana’s substantial memecoin-driven revenue. “I’ve said this for years. Memecoins and NFTs are digital slop and have no intrinsic value,” Yakovenko said in a X post on Sunday while comparing the crypto tokens to loot boxes in free-to-play mobile games. Source: Anatoly Yakovenko Yakovenko’s comment came during a debate with Base creator Jesse Pollak over whether memecoins and NFTs have fundamental value, and if so, where that value lies. The Solana Labs…

Early Bitcoin Investor Sells 80,000 BTC via Galaxy Digital

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An early Bitcoin (BTC) investor has sold 80,000 BTC through Galaxy Digital, in what the digital asset company described as one of the largest notional transactions in crypto history, though details regarding the date and execution price were not disclosed. Galaxy Digital’s disclosure of the sale first appeared on PR Newswire late Friday, followed by a post on the company’s official blog about 30 minutes later. Cointelegraph reached out to Galaxy Digital for further details on the transaction, and although the company declined to comment further, they did confirm the…

Hive Digital Technologies Rings Nasdaq Closing Bell, Eyes $100M HPC Growth

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Hive Digital Technologies (HIVE) has many firsts in the crypto industry. It was the first publicly traded Bitcoin miner in 2017 and one of the earliest to make a decisive pivot into high-performance computing (HPC) in 2022. Now, Hive is back in the spotlight, ringing the closing bell at the Nasdaq Stock Exchange as it eyes a $100 million annual run rate for its HPC business by next year. Cointelegraph received an exclusive invitation to the Nasdaq event, where we sat down with Executive Chairman Frank Holmes and CEO Aydin…

BlackRock Digital Assets Lead Moves to $1.3B Ethereum Holder SharpLink Gaming

Key Notes Joseph Chalom, architect of BlackRock’s $10B iShares Ethereum Trust, transitions to lead SharpLink’s Ethereum strategy. SharpLink has accumulated 360,807 ETH valued at $1.3 billion while generating 567 ETH through strategic staking operations. The appointment reinforces institutional confidence in Ethereum’s infrastructure for treasury management and decentralized finance. Joseph Chalom, the longtime digital assets lead at BlackRock, has been appointed Co-CEO of SharpLink Gaming, one of the world’s largest corporate holders of ETH, marking another major milestone in institutional adoption of Ethereum. Chalom’s appointment comes as SharpLink doubles down on…

Bitcoin Bleeds As Galaxy Digital Unleashes $1.5 Billion Sell-Off

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Bitcoin’s summer melt-up has come to an abrupt halt. The benchmark cryptocurrency slipped from an intraday peak above $119,000 late Thursday to trade as low as $115,800 in European morning hours, its weakest print in a…