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Crypto Biz: An eye-opening chat with Mr. Wonderful, April 7–13, 2022
The past seven days have reminded me of how lucky I am to have forged a career in the Bitcoin (BTC) and cryptocurrency industry. Cointelegraph sent a contingency of reporters to the Bitcoin conference in Miami, where we got to chop it up with billionaires, business leaders and hedge fund managers. I had the privilege of sitting down with Canadian businessman and Shark Tank star Kevin O’Leary, who actually revealed most of his crypto portfolio. I also got to interview Bloomberg’s senior commodity strategist Mike McGlone, who shed light on crypto market volatility, as well as Mark Yusko of Morgan Creek Capital. Yusko and I laughed at traditional 60/40 portfolio strategies, and I got to ask him a curious question: Who in their right mind is buying bonds today? This week’s Crypto Biz giv...
DAO regulation in Australia: Issues and solutions, Part 3
Lawmakers in Australia want to regulate decentralized autonomous organizations (DAOs). In this three-part series, Oleksii Konashevych discusses the risks of stifling the emerging phenomenon of DAOs and possible solutions. Crypto anarchy is unlikely to be the future that the majority of people support. Company regulation, in its essence, has a lot of positive aspects or at least, a good intention, albeit one often embodied in a red tape that stifles business. Nevertheless, nowadays, corporation rules and regulations are formalized to the extent that they could be put in the machine code. So, the role of the government is to establish mandatory standards for those DAOs that would like to operate in the Australian market. [embedded content] Non-digital There are cases when a written legal tex...
The future of the internet: Inside the race for Web3’s infrastructure
People interact with open-source applications like MetaMask, Web3 games, the metaverse and DeFi protocols every day but don’t often stop to think about what happens in the background for it all to work. If we think of Web3 as a burgeoning new city, node infrastructure providers are the underlying power grid that makes operations possible. All DApps need to communicate with blockchains, and full nodes serve billions of requests from DApps to read and write data to chains every day. We need a huge node infrastructure to keep up with vastly expanding DApp ecosystems and serve all of the requests. However, running nodes is very time and capital intensive, so DApp builders turn to providers for remote access to nodes. There is a massive monetary incentive for infrastructure providers to power a...
Web3 initiative Reli3f has raised over $1.5M for Ukrainian aid efforts
Reli3f, a humanitarian initiative birthed upon the innate artistic commitment to narrate stories in times of hardship, launched their second nonfungible token (NFT) collection Thursday, raising over $300,000 for recognized Ukrainian charities and taking their total to over $1.5 million. Founded by several esteemed Web3 entrepreneurs — Satvik Sethi, Andrew Wang, Giovanni Gussen, Aleksandra Artamonovskaja, Raskalov, and developer SignorCrypto — in late February this year, Reli3f has unified the talents of 62 artists across the world to showcase the enormous philanthropic potential of NFTs for social good. The team chose to distribute the first collection’s fund across a range of enterprises, including 46.25 ETH each to Razom Ukraine, Serhiy Prytula Foundation, Valery So...
Art Rupe, Pioneering Record Executive Who Helped Launch Little Richard’s Career, Dies at 104
Music executive Art Rupe, whose Specialty Records was a premier label during the formative years of rock ‘n’ roll and helped launch the careers of Little Richard, Sam Cooke and many others, has died. He was 104. Rupe, who was inducted into the Rock & Roll Hall of Fame in 2011, died Friday (April 15) at his home in Santa Barbara, California, according to the Arthur N. Rupe Foundation. The foundation did not release his cause of death. The Greensburg, Pennsylvania, native was a contemporary of Jerry Wexler, Leonard Chess and other white businessmen-producers who helped bring Black music to a general audience. He founded Specialty in Los Angeles in 1946 and gave early breaks to such artists as Cooke and his gospel group the Soul Stirrers, Little Richard, Lloyd Price, John Lee Hooker and C...
DeSci: Can crypto improve scientific research?
An insider account of the DeSci origins story — a new movement of citizen scientists, open-access scientific research and crowd-sourced peer-review funded by crypto that’s gathering pace in 2022. # At ETHDenver in February, decentralized science became a thing. It was like the good old days of crypto: Like-minded spirits met and then crashed at each other’s rented places. Ideologies and open research were respectfully debated. DeSci panels were well attended with renewed energy for figuring out hard problems. Heated discussions were had. Many committed themselves to decentralized science, whatever that would mean. DeSci is, of course, very new and untested. This could well be the first insider account of the DeSci origin story. Think Peter Parker citizen scientists funded by crypto.&...
While men wanted, women did: Empowering female creators with NFTs and crypto
With the blockchain industry growing at lightspeed, businesses are actively and, even desperately, seeking out talent; and there just doesn’t seem to be enough manpower out there. Enter women — literally around 50% of the global population that has, so far, been heavily underrepresented in crypto. With most developers being men, it’s understandable this still dev-led space noticeably lacks female contributors, but as the industry surges, womanpower is needed. And, so, women have begun slowly and steadily entering the crypto space and the world of nonfungible tokens (NFTs). While only an estimated5% of women own NFTs, and5-15% are creators or founders of collections, the impact of female-led NFT projects is profound. Unlike the mass of solely artistic projects, these female-led NFTs show a ...
Epic Games raises $2B for Metaverse, Mastercard scales NFT plans and Ripple scores big win against SEC: Hodler’s Digest, April 10-16
Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Mastercard files 15 metaverse and NFT related trademarks Multinational payments giant Mastercard filed 15 applications for NFT and metaverse trademarks, joining the ranks of competitors Visa and American Express who have taken similar action recently as well. Notable applications include those for an online marketplace for digital goods, virtual reality events and communities, and Mastercard payment processing in the Metaverse. Furthermore, the firm is aiming to virtually trademark its “Priceless” slogan...
Crypto is going mainstream: Here’s how the future founders will build on it
Crypto has long been criticized for its lack of inherent value. However, the shift toward contactless transactions amid the pandemic has emphasized the value of digital currencies and blockchain technology in the modern world. For this reason, merchants have been slow to adopt cryptocurrencies as a form of payment. As it gains widespread usage, however, we can expect to see more businesses accepting crypto in the future. The global pandemic has changed the way a lot of us do business. The shift away from cash and face-to-face transactions toward digital cashless ones has introduced many people to the convenience of paying digitally. So, it’s no surprise that crypto is starting to gain traction as a viable payment option — one that will only continue to evolve. While sti...
Swedish House Mafia Make History With First-Ever Spotify Livestream at Coachella Afterparty
The dance music mega-group Swedish House Mafia made history early Saturday (April 16) when the trio became the first artists to be livestreamed by Spotify as part of the streaming platform’s new Spotify Live offering. Axwell highlighted the news while the Swedes performed at a private Coachella afterparty hosted by Spotify to celebrate the release of Swedish House Mafia’s first studio album, Paradise Again. Explore Explore See latest videos, charts and news See latest videos, charts and news The group performed for over two hours at a highly curated event at a private mansion near the Coachella festival grounds with a faux lake and beach, where a bevy of VIP influencers, the DJ Alesso, the pop star Anitta and Euphoria actress Chloe Cherry also made appearances. They played many of the...
QSP, XDB and AST post double-digit gains amid sideways moving market
Activity across the cryptocurrency market has been largely subdued on April 15 as traders in the United States have taken an early weekend thanks to the closure of financial markets for the observance of Good Friday. A survey of the top 20 tokens indicates a relatively flat trading day, with Bitcoin (BTC) clinging to support above $40,000. Several lower-ranking altcoins managed to post double-digit gains on the back of recent protocol developments. Top 7 coins with the highest 24-hour price change. Source: Cointelegraph Markets Pro Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past 24-hours were Quantstamp (QSP), DigitalBits (XDB) and AirSwap (AST). Quantstamp launches NFT Combinator Blockchain security and code audit provider Quantstamp l...
Regulations set the table for more talent, capital and building in crypto industry
The feeling in the crypto and decentralized finance space has been shifting and evolving. The industry is also becoming more scrutinized and, inevitably, more organized. Some weeks ago, United States President Joe Biden signed an Executive Order to expedite and focus regulatory oversight of the $3-trillion industry. The order will spur the government to examine the risks and benefits of cryptocurrencies, with a particular focus on consumer protection, financial stability, illicit activity, U.S. competitiveness, financial inclusion and responsible innovation. While the results of this order have yet to unfold, this moment helps to set the table for more clarity, predictability, security and stability for decentralized finance (DeFi). Like with any industry, clarity on how DeFi and cry...
