Author: Coindesk
The Banking, Housing, and Urban Affairs Committee has been under the chairmanship of Sherrod Brown, the Ohio Democrat that the cryptocurrency industry spent tens of millions of dollars on defeating in this month’s elections. In his tenure, Brown allowed no significant legislative debate on digital assets legislation, though even as he ran the committee, Massachusetts Democrat Warren often managed to be the more prominent naysayer on crypto matters. Now that the Republicans won the Senate majority and will take the gavel, Warren confirmed she’ll step up as the ranking Democrat there. Read the full article here
As Murad Mahmudov noted at Token2049, memecoins have captured a unique market position because they are fully unlocked; no VCs, no lock-up periods, and often, no tangible revenue. These factors, Mahmudov argues, turn the tokenized meme into the real product — in essence, the value of memecoins lies within community, mission, and meaning. Read the full article here
“This is obvious political retribution by the outgoing administration against Polymarket for providing a market that correctly called the 2024 presidential election,” the spokesperson said in a statement. “Polymarket is a fully transparent prediction market that helps everyday people better understand the events that matter most to them, including elections.” Read the full article here
Loyal readers of The Protocol will recall that we launched this newsletter on April 26, 2023, to cover technological developments across the blockchain industry, after winding down its predecessor, Valid Points, which was focused exclusively on Ethereum. (In case you’re interested in that history, we wrote here about how we turned $15,000 into $70,000 running an Ethereum validator.) We started covering Bitcoin technology in the newsletter along with Solana and Cosmos and Sui and everything else. Over time, the format evolved, and got a bit longer — as I increasingly geeked out over blockchain tech and found myself incrementally incompetent…
One of the biggest roadblocks in converting Latin American investors to concept of crypto, is education about the sector. Cryptocurrencies, which don’t have a physical existence like gold or cash, can be a difficult concept for investors to grasp. “Latin American investors are still very traditional,” she added. “They tell me they only invest in things that they can stand on, or things they can touch. We’re trying to change that mentality… we need to prove to them that these technologies actually work.” Read the full article here
Independent producers have an opportunity to make films more efficiently, providing audiences with stories that challenge them to think at a time where it seems films are scared to push the envelope. We need a new model for financing and production, which introduces a new and special asset class for blockchain. Pressman Films, the production company that brought you Wall Street, American Psycho, Conan the Barbarian, The Crow and one hundred more motion pictures over the last 50 years, is now trying to fix what’s broken in film financing by leveraging the advantages of blockchain to bring more transparency and…
Some in Trump’s circle, including crypto-fan Elon Musk, reportedly want him to dramatically weaken Kashkari’s employer, the Fed. Trump tried to fire current Fed Chair Jerome Powell in 2018, causing stocks to tank. Asked whether he would resign under Trump’s new administration, which begins in January, Powell said “no” last week. Read the full article here
As the saying goes, “there’s a million ways to make a million dollars.” In altcoin trading, there are dozens or maybe hundreds of ways to approach the markets to make juicy returns. You can be a scalper, swing trader, yield farmer, airdrop hunter, new-launch sniper; the list goes on. Each of these approaches is getting tougher, though, for two overarching reasons: Read the full article here
The BlackRock USD Institutional Digital Liquidity Fund (BUIDL), issued in partnership with tokenization platform Securitize, is now accessible on the Aptos, Arbitrum, Avalanche, Optimism’s OP Mainnet and Polygon networks, the company said on Wednesday. Read the full article here
Tokenized Treasuries are digital representations of U.S. government bonds and are at the forefront of the representation of real-world assets on blockchains, allowing them to be traded as tokens on networks such as Ethereum, Stellar, Solana and Mantle. Digital asset firms and TradFi heavyweights have been racing to put financial instruments such as government bonds, private credit and money market funds on blockchain rails, to achieve operational efficiencies and faster settlements. Read the full article here