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Eight months ago, Toronto-based management consultant Ansel Gravelle stumbled across a video game called Axie Infinity, which promised to pay players cryptocurrency for fighting digital monsters. After paying the $1,000 entry fee and playing for over a month, Gravelle realised … Read more
> I’m interested in the tech/practical applications I’ve studied this for about ten years, and came to the conclusion there is none, other than crazy financial structures and mechanisms that make the 2008 subprime mortgage scandal look like a Fischer-Price … Read more
The companies standing behind over $100 billion in stablecoins — cryptocurrencies linked to the dollar — are effectively banks and should be regulated as such, according to an important new report released Monday by the Treasury Department. Why it matters: … Read more
2021 Oct 31 See all posts Crypto Cities Special thanks to Mr Silly and Tina Zhen for early feedback on the post, and to a big long list of people for discussion of the ideas. One interesting trend of the … Read more
On Friday, September 24, 2021, China’s most powerful regulators went a step further by issuing a blanket ban on all cryptocurrency transactions and crypto mining, hurting bitcoin and other big coins, squeezing the whole cryptocurrency and blockchain ecosystem, influencing the … Read more
Audrey Strauss, United States Attorney for the Southern District of New York, announced that STEFAN HE QIN, the founder of the Virgil Sigma Fund LP (“Virgil Sigma”) and the VQR Multistrategy Fund LP (“VQR”), a pair of cryptocurrency hedge funds … Read more
Biden’s major bipartisan infrastructure plan struck a rare chord of cooperation between Republicans and Democrats, but changes it proposes to cryptocurrency regulation are tripping up the bill. The administration intends to pay for $28 billion of its planned infrastructure spending … Read more
In the world of online crime, anonymous cryptocurrencies are the payment method of choice. But at some point, virtual hauls need to be turned into hard cash. Enter the “Treasure Men”. Finding a Treasure Man is easy if you know … Read more
Global stocks slipped and cryptocurrencies sank deeper on Wednesday as a threat of unwanted inflation had investors shy away from assets seen as vulnerable to any removal of monetary stimulus. Digital coins were also under pressure from new Chinese restrictions … Read more