Twitter could be a $10 billion bird. That’s if Elon Musk can quickly transform the struggling social media giant into a super or ‘X’ app, a process he expects his $44 billion acquisition will help accelerate.
Ethereum’s highly publicized recent update, “the Merge,” radically changed how the second-biggest blockchain network works by eliminating its reliance on cryptocurrency miners and dramatically reducing its energy costs. The network’s next upgrade, “S
HONG KONG — On Monday, at the opening of Hong Kong FinTech Week, regulators declared the city’s ambitions to be a virtual asset hub. The government announced that it will hold consultations for allowing retail investors to invest on licensed platforms and is open to c
Elon Musk is now “Chief Twit” after taking Twitter private last week, and the transition period seems as wracked with uncertainty as the months-long buyout negotiations. Musk, who is also CEO of Tesla and of SpaceX, has brought on a number of advisers with familiar fa
A few weeks ago, I went down to Miami to speak to hundreds of marketing professionals at Adweek’s annual Brandweek summit. They planned a day dedicated to Web3 and the metaverse, the latter of which still seems to confuse many. What follows are the key tenets of the present
When the Terra system and its UST algorithmic stablecoin collapsed in May, it triggered a meltdown in the crypto world that has been compared with the Great Financial Crisis of 2008. Some people called Terra/UST “Crypto’s Lehman.” Others think the crypto fund Th
A mountain of crypto riches can’t automatically purchase a seat in Congress. But, for many campaigns winding their way toward the U.S. midterm election next week, it certainly doesn’t hurt.This year’s elections mark the first wave of races in which industry dona
Go around the room at any highbrow crypto gathering and ask what the suited participants are most excited about. The answer you’ll most likely hear is “regulatory clarity.” They’re not wrong – it would indeed be a boon to the industry as it would giv
Across the world, people are losing trust in the institutions that underpin society. Any thinking person can see the institutions of governance, finance and money are corrupt, incompetent and yet unavoidable.As a result, the world is in a continued state of crisis, gyrating from
In September, the Commodity Futures Trading Commission (CFTC) brought two actions against bZeroX, its two co-founders and the Ooki decentralized autonomous organization (DAO) for violations of the Commodity Exchange Act and underlying regulations.
Sometime in the (Eastern time zone) evening on July 25, 2021, was the start of a magical run for bitcoin, punctuated by a late night 5% jump (noted by the yellow arrow in chart below). Bitcoin was in the mid-$30,000s range at the time, but by November it had reached an all-time h
Electric car mogul/aspiring Martian Elon Musk took over Twitter. This could mean a lot for free speech online, or not. We just don’t know. Here’s an attempt at parsing his statements and actions over the past few months.You’re reading State of Crypto, a CoinDesk
As web3 founders and builders brace themselves for continued volatility during this current downturn, let’s be reminded that the cyclical ebbs and flows of market prices or market capitalization, although important, are not the only metrics to determine success.
Terra 2.0 (LUNA) is the newest iteration of cryptocurrency on the Terra blockchain. But can it overcome Terra's previous failure? Here are LUNA price predictions through 2025.
Dear Elon,Congrats on buying Twitter! We’ve been watching the process unfold with enthusiasm because of all the times you’ve mentioned the importance of decentralization. You and your team seem to have the vision to use this wonderful platform as the lever to kickstar
Adelle Nazarian of the American Blockchain PAC and Alex Allaire of the American Blockchain Initiative recently provided, in The National Interest’s Techland section, 10 substantive legislative proposals for the responsible development of digital assets.The fourth of these,
Bermuda has long been an innovator in insurance and, under the leadership of its crypto believer Premier David Burt, it is now looking to be an innovator in digital assets.Conversations I had on the island during the Bermuda Tech Summit this week have led me to believe there&rsqu
