Day: September 22, 2022

Latham & Watkins Releases Second Edition of The Book of Jargon® — Blockchain, Crypto & Web3

Anthony B

Mobile and desktop reference tool defines nearly 600 industry terms. NEW YORK, Sept. 22, 2022 /PRNewswire/ — Latham & Watkins LLP1 is pleased to publish the second edition of The Book of Jargon® — Blockchain, Crypto & Web3, a comprehensive digital glossary developed for the business, academic, and legal communities. The resource renders the often complex vocabulary, acronyms, and slang of the blockchain, cryptocurrency, and Web3 sector more accessible and understandable to all. With nearly 600 terms, the user-friendly glossary is roughly double the size of the first edition, incorporating…

Coinflex plans give 65% of company to creditors as part of restructuring proposal

Turner Wright

Cryptocurrency exchange CoinFlex announced a structuring proposal in response to user feedback following the platform experiencing liquidity issues. In a Wednesday blog post, CoinFlex said under the proposal — which will be subject to a vote and then court approval— creditors will own 65% of the company, while its team members will be allocated 15% of shares as part of an employee share option plan. According to the platform, Series B investors would remain shareholders in the restructured company should the plan be approved. “As with any reorganization, unfortunately, most…

In response to the Wall Street Journal | by Coinbase | Sep, 2022

Coinbase

Tl:dr Earlier today, the Wall Street Journal published an article highlighting client-driven activities, which they seem to confuse with proprietary trading. Unlike many of our competitors, Coinbase does not operate a proprietary trading business or act as a market maker. In fact, one of the competitive strengths of our Institutional Prime platform is our agency only trading model, where we act only on behalf of our clients. As a result, our incentives and our clients’ incentives are aligned by design. Coinbase does, from time to time, purchase cryptocurrency as principal,…

OpenSea implements a new protocol that ranks NFT rarity

Ezra Reguerra

With thousands of nonfungible tokens (NFTs) getting minted every single day, trying to find rare pieces can be a challenge for NFT collectors. However, as the industry continues to progress, the hassles in finding rare NFTs may soon become a thing of the past.  In a tweet, NFT marketplace OpenSea has announced the implementation of OpenRarity, a protocol that provides verifiable rarity calculations for NFTs, within its platform. The protocol uses a transparent mathematical approach to calculating rarity. OpenSea said that rare NFTs will be awarded lower numbers like 1…

Opera browser integrates Elrond blockchain services to bolster Web3 adoption

Prashant Jha

Web3 crypto browser Opera announced plans to integrate Elrond blockchain services for over 300 million users. The integration would help Opera users directly access a host of decentralized applications (DApps) and other popular services through the integrated Opera wallet.  Elrond is a scalable blockchain network that offers various infrastructure services for DApps, enterprise use cases and the new internet economy. The blockchain’s adaptive state sharding makes it one of the fastest and more efficient networks. With the integration, Opera users will have access to the Elrond Standard Digital Token (ESDT), a native token…

Bitcoin Dumps After Revisiting June Lows, Where Does The Bottom Lie?

Best Owie

Bitcoin reversed below $20,000 once more after the sell-offs that followed the completion of the Ethereum Merge. With the decline, the digital asset had revisited lows not seen in three months, giving credence to the bears during this time. However, one problem remains, and that is the fact that the cryptocurrency has been unable to find suitable support, causing the downtrend to continue. Bitcoin Price Falls To Range Lows Over the last week, bitcoin has seen multiple declines in its price. The Ethereum Merge had turned into a “buy the…