Tag: Pitches

Bitcoin Ordinals creator Casey Rodarmor pitches BRC-20 alternative ‘Runes’

boss

The inventor of Bitcoin Ordinals is proposing a new Bitcoin-based fungible token protocol as a potential alternative to the BRC-20 token standard. The BRC-20 standard was launched in March by an anonymous developer “Domo.” Within two months, the BRC-20 market cap reached $1 billion, with PEPE and ORDI among the most notable BRC-20 tokens created on Bitcoin. New terrible idea just dropped: Runes. A worse-is-better fungible token protocol for Bitcoin.https://t.co/TPVrUvWxm8 — Casey (@rodarmor) September 25, 2023 BRC-20 enables the minting and transfer of fungible tokens via the Ordinals protocol on…

CFTC Commissioner Pitches Pilot Program for U.S. Crypto Regulation

After holding a roundtable to gather ideas, she said, the agency should set up a “program for a specific period of time that incorporates many of the components drawn from past pilot programs, including: registration and eligibility requirements, financial resources and other conditions, risk management, products and contract terms, and other requirements including disclosures and reporting.” Source

Multicoin-Backed Sports Startup Pitches NFTs as Ticket to Fan Experiences

Instead, Mercury wants to focus attention on the potential for creating hyperlocal fan clubs using the company’s digital collectibles. It is building platforms for the Clemson Tigers, the Villanova Wildcats and other NCAA Division I sports powerhouses to give fans access to memorable experiences, including interviews with players, and running down the field on game day. Source

Hoskinson pitches software-enabled crypto self-regulation to Congress

boss

Cardano co-founder Charles Hoskinson has told Congress it should make regulations for crypto but leave compliance up to the software developers. Hoskinson likened the ideal arrangement for crypto regulation to the way banking self-regulation works during a June 23 congressional hearing, telling legislators “it’s not the SEC or the CFTC going out there doing KYC-AML, it’s banks.” “It’s a public-private partnership. What needs to be done is to establish those boundaries, then what we can do as innovators is write software to help make that happen.” The Securities and Exchange…

FTX’s Bankman-Fried Pitches CFTC on Directly Clearing Customers’ Crypto Swaps

During the discussion, the existing industry structure was defended as “quite adaptive” against volatile situations by Sean Downey, executive director for clearing, risk and capital policy at CME Group, the world’s leading derivatives exchange. Downey also criticized any new system that would lean on algorithms over capital cushions, arguing that the former brings its own hazards. “We’ve seen that movie before, and in fact, we saw it very recently,” he said, referring to the recent meltdown of algorithmic stablecoin terraUSD (UST). CryptoX Portal

Oregon Democrat Pitches Campaign NFTs in Crowded House Primary

Crypto’s presence is being felt in the race for Oregon 6 with or without the West NFTs. Another top contender, Oregon State House Rep. Andrea Salinas, once voted to bar blockchain applications from all public services in the state, according to West. Another candidate, Cody Reynolds, is a crypto investor running a self-funded campaign. Source