ETH

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President Biden signed an executive order on Wednesday calling on the government to examine the risks and benefits of cryptocurrencies including the potential for a U.S. central bank digital currency (CBDC). The measures focus on six key areas: consumer protection, financial stability, illicit activity, U.S. competitiveness, financial inclusion, and responsible innovation. Continue Reading →
The interweb is buzzing with speculation that President Biden will sign an executive order sometime this week to provide guidance to multiple federal agencies regarding possible regulatory changes for cryptocurrencies. The order has been in the works since 2021. Continue Reading →

Crypto vs. Credit Cards

Visa vs. BTC
VisaNet can process more than 65,000 tps (transactions per second). By comparison, Bitcoin (BTC) can only process ~5 tps. Therefore, Bitcoin (and other cryptocurrencies by proxy) are inherently too slow for practical use. Before you buy into this apples-to-oranges comparison, let's define the word "process." With a little more clarity, you will be better able to frame your thoughts about centralized (VisaNet) versus decentralized (Proof of Work) crypto transactions. Continue Reading →
The U.S. Treasury's Office of Foreign Assets Control is set to issue new rules to restrict financial transactions to enforce existing sanctions against Russia. The rules, dubbed the Russian Harmful Foreign Activities Sanctions Regulations, take aim at “deceptive or structured transactions or dealings to circumvent any United States sanctions, including through the use of digital currencies or assets or the use of physical assets.” Continue Reading →

Ukraine DeFi

First, my heart goes out to the people of the Ukraine and to the innocent victims of Russia's brutal attack. The people of Ukraine are fighting for their lives. Hopefully, the international community will figure out a way to get Russia to stand down. Continue Reading →

Welcome to Metacademy

Metacademy
I’m thrilled to announce our new Web 3 training facility at Metacademy.xyz. Together with our partners, Blockchain Foundry and Catbotica, we’ve created a free-to-use, risk-free hands-on tutorial that will teach you the correct way to set up a crypto wallet, mint your own NFTs, learn how to buy and sell them, and much, much more. Continue Reading →
Shelly Palmer Innovation Series Summit 2022
You can attend the “must attend” event during CES® 2022 whether you’re going to Las Vegas or working from home. The Shelly Palmer Innovation Series Summit will stream live on January 5, 2022 at 11 a.m. ET at shellypalmer.com/live. Continue Reading →

An NFT for the Holidays

Vodafone has turned the first text message into a non-fungible token (NFT), which sold at a Paris auction house this week for €132,680 ($150,000) worth of ether (ETH). The company will donate the proceeds to the United Nations Refugee Agency to support forcibly displaced people. Continue Reading →

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