News

BitMEX co-founder Arthur Hayes is launching a Bitcoin Ordinals collection dubbed Airhead, entering the market for Bitcoin-based collectibles by releasing a clutch of ballooned characters. Comprising 10,000 NFT-like assets, the batch of inflated profile pictures (PFP) stem from a collaboration with Oyl Wallet. The digital wallet for Bitcoin launched earlier this month, and on Thursday began allowlisting would-be buyers for the Airhead drop. The startup counts Hayes’ family office Maelstrom as an...

Circle CEO Jeremy Allaire predicted that tap-to-pay payments on iPhone using Circle's USDC stablecoin are "incoming soon," following Apple's decision to open up the iPhone's NFC payment functionality to third-party developers. In a tweet, Allaire advised wallet developers to “start your engines.” Tap to pay using USDC on iPhones incoming soon. Wallet devs, start your engines. https://t.co/D6lsj4saMS — Jeremy Allaire - jda.eth / jdallaire.sol (@jerallaire) August 14, 2024 Allaire clarified in a...

The price of Bitcoin slipped by over 4% Thursday morning alongside the wider crypto market, amid a broader trend of risk-off sentiment among investors. Per data from CoinGecko, Bitcoin dropped by 4% to around $58,500, while Ethereum shed 3.8% to around $2,630. The total market capitalization of all cryptocurrencies fell in lockstep, contracting by 4.4% to $2.1 trillion. The market downturn followed Wednesday’s Consumer Price Index (CPI) report from the Labor Department, which showed a 0.2% incre...

Crypto exchange Binance has registered with India's Financial Intelligence Unit (FIU) as a reporting entity, after settling a $2.25 million fine with the agency earlier in the year. Binance CEO Richard Teng described the registration as an "important milestone" for the exchange in a statement shared with Decrypt, adding that "this alignment with Indian regulations allows us to tailor our services for Indian users." In a blog post, Binance announced that its app and website are now "fully availab...

Confiction Labs, the developer behind the Web3 co-op multiplayer shooter Riftstorm, has introduced a new in-game verification system aimed at curbing what it views as increasing bot activity in the sector. The initiative, dubbed "Proof of Exposure," integrates non-fungible tokens into the game's lore as a method to distinguish genuine players from automated bot accounts. The move comes as Web3 games grapple with a rising bot problem, with a recent report from marketing platform Cookie3 suggesti...

Sen. Chuck Schumer (D-NY), majority leader in the U.S. Senate, speaking during a digital town hall meeting on Wednesday, vowed to pass crypto legislation by the end of the year. “I believe Washington cannot just look away from crypto, stick our heads in the sand, and do nothing,” Schumer said during the Crypto4Harris livestream. “My goal is to get something passed out of the Senate and into law by the end of the year, and I believe we can make that happen.” Failing to act, he explained, would “r...

While navigating regulatory hurdles is nothing new for the cryptocurrency industry, it is an especially stiff challenge in the much older and vital air and ground transportation space. And while people have demanded flying cars for decades, even companies building them today are stymied. Flying cars are edging toward the mainstream in the U.S., however, with the passage of new state-level regulations allowing private ownership of these versatile crafts, including the so-called ‘Jetsons Law’ in M...