Navigating the Future of International Technology
The social finance (SocialFi) sector can learn valuable lessons from the collapse of Friend.tech, helping to drive the next generation of projects to sustained long-term success. SocialFi reimagines social media with decentralized structures, promising users greater control over their data, privacy and monetization opportunities. Friend.tech linked its decentralized social media platform to X, catching a…
Crypto wallet provider Exodus has announced a sizeable donation to the Stand With Crypto Alliance in an effort to garner more political support for the industry from American voters. On Sept. 24, Exodus, the firm founded in 2015 behind the popular crypto wallet,announcedits $1.3 million donation to the Stand with Crypto political action committee (PAC)…
Cardano’s Voltaire-era governance overhaul prevents it from becoming a “dictatorship” like Ethereum and sidesteps the “anarchy” of Bitcoin, its founder Charles Hoskinson said. Speaking to Cointelegraph at Token2049 in Singapore, Hoskinson attacked Ethereum’s governance model, claiming it relies too heavily on its co-founder Vitalik Buterin for direction. Hoskinson said that blockchains can elect to keep…
NEAR, the native token of the Near Protocol, continued its uptrend after rising by 2.3% over the last 24 hours to trade at $5.21. Data fromCointelegraph Markets ProandTradingViewshow that after falling to a Sept. 6 low at $3.41,NEAR$5.23climbed by 57% to establish an eight-week high at $5.36 on Sept. 24. NEAR $5.23 NEAR/USD daily chart….
Ethereum co-founder Vitalik Buterin stated on Sept. 12 that he will no longer consider a network a “layer 2” if it has not reached “Stage 1” by the end of the year. “The era of rollups being glorified multisigs is coming to an end,”he stated, adding that “the era of cryptographic trust is upon us.”…
Coinbase’s lobbying group, Stand With Crypto, has retracted its labeling of Kamala Harris as “supports crypto” on its website and says it has now changed how it scores politicians following strong backlash. The group, which publishes its rankings of United States politicians on their support of crypto based on public comments, gave the Democrat’s presidential…
Infinex’s “Patron NFT” sale could be a new model to bootstrap new crypto projects while avoiding the unfair playing field of traditional venture capital funding, says founder Kain Warwick. “Patronage” is the new strategy coined by Warwick with Infinex — which, in theory, allows all participants to own a slice of a crypto project on…
MicroStrategy’s BitcoinBTC$63,942buying spree has been a “key driver of its stock’s outperformance,” and the company should consider “beginning to generate yield by lending out a portion of its Bitcoin holdings,” according to a Sept. 24 analyst report shared with Cointelegraph. BTC $63,942 The company’s stock, MSTR, could be worth $215 per share if MicroStrategy continues…
Financial services firm MoneyGram has admitted its multiday outage is due to a “cybersecurity issue,” and it is working to restore its services with some success. “MoneyGram recently identified a cybersecurity issue affecting certain of our systems,” the company said in a Sept. 23 Xpost. It comes days after users reported that its services were…
Crypto betting platform Polymarket has received mainstream attention as betting pools on the United States presidential elections have helped the platformsurpass $1 billion in volume. Polymarket allows individuals to anonymously create market betting pools on almost any event, with outcomes determined in a binary “yes” or “no” format. While most users focus on straightforward bets,…