Author: NathanofZion

The competition for cheap electrons could establish a floor for hashprice, or at least slow down hashrate growth.

Plus: What Zuck can teach DAOs about governance.

Barry Silbert will be the CEO of Yuma, a new DCG company focused on incubating and building new businesses within Bittensor’s decentralized AI ecosystem.

Former FTX chief technology officer and close friend of Sam Bankman-Fried, Gary Wang, won’t have to serve prison time for his involvement in the crypto exchange’s fraud scheme, The New York Times reported.

Pro-crypto legislation could allow DeFi to potentially connect with mainstream financial systems, says Toe Bautista.

Beyond the increasing proliferation of bitcoin within investment portfolios, mining operations have become a focus of a new wave of mergers and acquisitions on Wall Street, says Taylor Krystkowiak.

Solana traders are quickly embracing the newest stablecoin to join their decentralized finance (DeFi) fray: USDS, issued by Sky (formerly MakerDAO).

Stellar was also among the top performers, gaining 6.5% from Tuesday.

The latest price moves in bitcoin (BTC) and crypto markets in context for November 20, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

Expanding to Ethereum will help GraFun capture newer audiences, tap into higher liquidity for meme issuances and increase the platform’s visibility among crypto traders.