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2022-12-08 13:08:44 MicroStrategy’s Saylor Says XRP Is A Security
Michael Saylor has said that XRP is a security, noting that the cryptocurrency falls under the jurisdiction of the U.S. Securities and Exchange Commission. “XRP is an unregistered security,” Saylor said when asked about his thoughts on the embattled cryptocurrency. “It’s pretty obvious. There’s a company. The company owns a bunch of it, they sell it to the general public, but they never took the company public, there is no disclosures. So the SEC position is you’re selling an unregistered security,” he added. Saylor went on to argue that except Bitcoin, which did not have a known creator, all other cryptocurrencies fulfilled the threshold of an investment contract. Read more Open / Comment

2022-12-07 15:06:50 MetaMask intends to store user data for "only" 7 days
Blockchain software company ConsenSys, who develops MetaMask, clarified that it plans to "only" store and retain user IP addresses and wallet data for up to seven days. This is an attempt to reassure users that their personal information is being handled securely, after it saw a backlash when it first said it was collecting such data. “We retain and delete user data such as IP address and wallet address pursuant to our data retention policy. We are working on narrowing retention to 7 days and we will append these retention policies to our privacy policy in an upcoming update,” it said in a statement. Read more Open / Comment

2022-12-06 03:23:24 Elon Musk Will Bringing Crypto to Twitter
The addition of crypto payments would be a natural fit for Twitter, according to the company’s new CEO Elon Musk. In a new Twitter Spaces hosted by Mario Nawfal, Musk talks about his vision for the future of the social media powerhouse, including the ability to transact in both digital and traditional currencies: “WeChat has a lot of functionality that Twitter should have. It’s kind of a no brainer for Twitter to have payments, both fiat currency and crypto, and to make that easy and simple for people to use.” Read more Open / Comment

2022-12-05 17:42:08 Vitalik Urges People to Focus on Tech Instead of Price
As the cryptocurrency bear market continues to rage on, Ethereum co-founder Vitalik Buterin has opined that the cryptocurrency community should focus on the tech and application system instead of cryptocurrency prices. Being in it for the tech is a “significant and positive” cultural pivot compared to being in it for the sake of potential financial gains. In February, Buterin said that cryptocurrency builders would welcome a new bear market. Surging crypto prices attract massive amounts of attention in a bull market, with greed and rampant speculation taking the driver’s seat. As soon as prices crash, speculators tend to abandon the market, and builders are the ones who typically remain during harsh times. Read more Open / Comment

2022-12-04 20:49:04 This Week In Crypto (48)
1. Banking Giant Sber Adds MetaMask Support
2. Kraken laying off 30% of their staff
3. BlockFi filing for bankruptcy
4. DEX Serum Defunct
5. Putin Calls For Blockchain Payment System
CW47 (last week) Open / Comment

2022-12-03 19:25:54 Russian Banking Giant Sber Adds Ethereum And MetaMask Support
Russia’s largest bank Sber has announced support for Ethereum and MetaMask on its proprietary blockchain. The announcement was made during the first international meeting of participants in the corporate blockchain industry – organized by Sber Blockchain Laboratory. The new functionality brings smart contracts and decentralized finance (DeFi) capability to Sber bank’s open proprietorship blockchain. Read more Open / Comment

2022-12-02 19:05:39 BlackRock CEO Says ‘Next Generation for Markets’ Is Tokenization
BlackRock CEO Larry Fink said that "the next generation for markets, the next generation for securities, will be tokenization of securities." In the world of blockchain, tokenization refers to a process where a digital representation of an asset is created on a blockchain, authenticating its transaction and ownership history. BlackRock joins a growing number of firms backing the tokenization of securities, despite the CEO’s wider crypto cynicism. Read more Open / Comment

2022-12-01 10:44:48 Telegram sells Usernames worth $50M on Fragment
In slightly less than one month, Telegram has sold $50 million usernames on The Open Network, a blockchain that the company developed, Telegram founder and CEO Pavel Durov claimed. Last month, Telegram in October gave users the ability to buy usernames for its app via a blockchain-based platform called Fragment. The platform lets interested parties buy available usernames and secure ownership on its "The Open Network" blockchain, known as TON. Read more Open / Comment

2022-11-30 15:04:50 Coinbase Wallet to End Support for BCH, ETC, XRP & XLM
Coinbase says that "Coinbase Wallet", which is its self-custody crypto wallet app, will be dropping support for four major crypto assets - $XRP, $XLM, $ETC, and $BCH - from 5 December 2022. According to the notice posted in the help section of the Coinbase website, Coinbase Wallet will be dropping the aforementioned crypto assets due to “low usage.” Read more Open / Comment

2022-11-29 19:39:49 FTX-backed DEX Serum calls itself Defunct
Serum, a decentralized crypto exchange backed by FTX, notified its 215,000 Twitter followers the project is “defunct” after the crypto exchange giant's sudden collapse — while pointing users towards a community-led fork of the project. "The Serum program on mainnet became defunct" following FTX's implosion, Serum tweeted. "As upgrade authority is held by FTX, security is in jeopardy, leading to protocols like Jupiter and Radium moving away,” it added, referring to two DeFi projects on the Solana blockchain. Read more Open / Comment