Two crypto regulatory bills have been passed by the United States House Financial Services Committee United States in one day.
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Crypto bills pass congressional committee in 'huge win' for US crypto
Two crypto regulatory bills have been passed by the United States House Financial Services Committee United States in one day.
ERC-20 inventor discusses origins, new blockchains, BRC-20 and more
In 2018, Ethereum lead developer Fabian Vogelsteller contacted the community for a new standard for smart contracts he created alongside co-founder Vitalik Buterin. Dubbed ERC-20, Vogelsteller, at the time, only wished for input regarding the novel idea. Little did he know that ERC-20 would ignite a wave of initial coin offerings (ICOs) shortly after its inception to become the industry gold standard for issuing tokens on the Ethereum blockchain.
Just as ERC-20 tokens were gaining traction, Vogelsteller left the Ethereum Foundation the same year to focus on developing a new blockchain, Lukso. In an interview with Cointelegraph, the ERC-20 inventor discussed his motivation for creating his multiverse blockchain, as well as the latest token standard developments in the sector.
Cointelegraph: Currently, ERC-20 is the gold token standard in the ecosystem. But in 2018, you left Ethereum to develop Lukso. What was the motivation behind that?
Fabian Vogelsteller: The human story behind it is that Marjorie [who is also Lukso’s co-founder], my wife at the time, had an idea of creating a blockchain for lifestyle and fashion. And I thought that’s a great idea. So, the story evolved to create a blockchain specifically focused on more mainstream use cases, such as for lifestyle, fashion designers, social media, content creators and YouTubers. Anything that's more like what the internet users today would use rather than the token, finance or DeFi world.
CT: What inspired you to create the ERC-20 standard?
ERC-20 inventor discusses origins, new blockchains, BRC-20 and more
Fabian Vogelsteller has been working full-time to create his new blockchain since 2018, with its mainnet launching just this May.
ERC-20 inventor discusses origins, new blockchains, BRC-20 and more
Fabian Vogelsteller has been working full-time to create his new blockchain since 2018, with its mainnet launching just this May.
Judge warns Sam Bankman-Fried to ‘take it seriously’ as prosecutors push to revoke bail: Report
Assistant U.S. Attorney Danielle Sassoon reportedly said SBF made roughly 100 calls to a reporter behind The New York Times story that revealed Caroline Ellison’s private journals.
Judge suggests IRS issued $4K refund over tax lawsuit based on quality of lawyers: Report
A couple who filed a lawsuit over how staked Tezos tokens were taxed has gone to appellate court after refusing to accept a refund check from the IRS.
SEC passes new ‘conflict of interest’ rules governing how brokers can use AI
The new rules will govern how brokers use artificial intelligence to entice investors and how they use “optimization functions” to target investors and determine investment strategies.
Price analysis 7/26: BTC, ETH, XRP, BNB, ADA, SOL, DOGE, MATIC, LTC, DOT
Bitcoin broke below the support of its narrow range on July 24, but the bears have not been able to capitalize on it and start a sharp downward move. This is a positive sign, as it shows a lack of aggressive selling at lower levels. The bulls will have to push and sustain the price back above $31,000 to trap the aggressive bears.
Bitcoin’s (BTC) volatility is likely to pick up following the Federal Reserve’s policy decision on July 26 and the subsequent commentary by Fed Chair Jerome Powell. Rather than the knee-jerk reaction to the event, it will be of interest to note where Bitcoin’s price settles down.
Daily cryptocurrency market performance. Source: Coin360When the price enters and remains inside a range for an extended period, the breakout from it usually ends up with a strong trending move. It is difficult to predict the direction of the breakout with certainty. Hence, it is best to wait for the price to escape the range before initiating large bets.
Traders need to be careful because sometimes the first breakout tends to be a fake move. What are the important levels to watch out for in Bitcoin and the altcoins? Let’s study the charts of the top 10 cryptocurrencies to find out.
Bitcoin price analysis
The bulls have protected the 50-day simple moving average (SMA) of $29,134 for the past two days, but they have failed to start a strong rebound. This indicates that the bears are keeping up the pressure.
Price analysis 7/26: BTC, ETH, XRP, BNB, ADA, SOL, DOGE, MATIC, LTC, DOT
Bitcoin and several major altcoins are trading inside a range, indicating that a strong catalyst is needed to start the next trending move.
Price analysis 7/26: BTC, ETH, XRP, BNB, ADA, SOL, DOGE, MATIC, LTC, DOT
Bitcoin and several major altcoins are trading inside a range, indicating that a strong catalyst is needed to start the next trending move.
McDonald’s in the metaverse, pro players to try Web3: Nifty Newsletter
The creators of the popular NFT game Axie Infinity announced a partnership with NFT collection CyberKongz to migrate the Play & Kollect game to Ronin.
Bitcoin traders eye Fed's Powell as FOMC hikes rates to 22-year highs
BTC price is yet to see real volatility kick in as the Fed hikes rates with Chair Powell yet to speak.
Canada proposes new capital rules for crypto holdings
The Office of the Superintendent of Financial Institutions (OSFI) is opening public consultations on two draft guidelines updating its capital and liquidity approach to crypto assets.
US lawmakers invoke FTX and spar on direction of crypto bills
On July 26, six pieces of legislation were being considered by the House Financial Services Committee including ones on regulatory clarity and consumer protection in the space.
EOS Foundation to sue Block.one on failure to honor $1B commitment
Potential plaintiffs in the new lawsuit by ENF may need to opt out of other suits against Block.one to be eligible to participate.
EOS Foundation to sue Block.one on failure to honor $1B commitment
Potential plaintiffs in the new lawsuit by ENF may need to opt out of other suits against Block.one to be eligible to participate.
SEC files charges against Quantstamp for $28M initial coin offering
Quantstamp agreed to settle charges and will repay proceeds from its 2017 ICO that raised $28 million.
‘Elegant and ass-backward’: Jameson Lopp’s first impression of Bitcoin
Jameson Lopp says none of the developers “deep into Bitcoin” think the protocol should be allowed to ossify: “There’s so much work to be done.”
‘Elegant and ass-backward’: Jameson Lopp’s first impression of Bitcoin
Jameson Lopp has been on the front lines of the battle between technologists and those who want to preserve Bitcoin as it is since the scaling debates of 2015–2017.
The topic arouses such passion that many suspect it was a disgruntled Bitcoiner opponent who called down an armed SWAT team to his home, leading him to famously go underground.
Lopp blamed the 2017 incident on the “same old same old: Bitcoin philosophy and scaling debate arguments. A few of the more extreme cases think I’m some kind of manipulative monster.”
Lopp, who is currently the chief technology officer for decentralized wallet service Casa, is an advocate for cautious progress who commands respect among the Bitcoin community.
Speaking from an undisclosed location, Lopp says he worries the backlash against Ordinals NFTs might result in lower support for much-needed future upgrades. Ordinals were largely an unexpected result of the 2021 Taproot soft fork.
