Ethereum Name Service Is Launching a Governance Token

Key Takeaways The Ethereum Name Service has announced that it will create governance tokens for its members. These tokens will be used with its new DAO, which will have members vote on its treasury and other matters. Governance tokens will not have any market value; ENS names themselves are what carry value for users. Share this article The Ethereum Name Service (ENS) has announced that it will launch a governance token and accept delegate applications. Ethereum Name Service Will Form a DAO Director of operations Brantly Millegan posted a call…

Jungle Freaks Tank as Artist’s Racist Cartoons Surface

Key Takeaways Popular NFT project Jungle Freaks has plummeted in value after racist cartoons drawn by the artist surfaced on Twitter. The project’s floor has gone from 1.3 ETH to 0.4 ETH. The project’s co-leader, the artist’s son, has released a statement on the matter. Share this article The value of the popular NFT project Jungle Freaks collapsed today in light of the recent discovery of disturbing cartoons allegedly made in the past by its artist, George Trosley. A statement from the artist’s son on Discord appeared to confirm their…

Argo Blockchain Achieves Record Revenue in Third Quarter

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NFL quarterback Aaron Rodgers will accept part of $22M salary in Bitcoin

Aaron Rodgers, quarterback for the Green Bay Packers football team, has said he will be taking part of his National Football League salary in Bitcoin. In a video posted to his Twitter account on Nov. 1, Rodgers — dressed as fictional character John Wick, likely for Halloween — said he would be partnering with Cash App to take a portion of his salary in Bitcoin (BTC). The NFL reported in July that Rodgers would be earning a $1.1 million base salary on top of a $14.5 million signing bonus and…

Stablecoin Report Released by Key U.S. Advisory Panel

Key Takeaways The President’s Working Group on Financial Markets has released its report on stablecoins. The report urges broad legislative action to regulate stablecoin issuers, including enacting deposit insurance requirements. The authors asserted that some stablecoins on the market may be considered securities. Share this article A highly-anticipated report from the President’s Working Group on Financial Markets was released today. The report urged swift legislative action to extend federal oversight to the rapidly-growing stablecoin market. PWG Urges Stablecoin Regulation The President’s Working Group on Financial Markets (PWG), in conjunction with…

Bitfarms Hits Record High Hashrate in October and Forecasts Additional Growth

Canadian miner Bitfarms plans to grow its mining capacity to more than 2 exahashes (EHs) per second in November after hitting a record hashrate last month, according to a SEC filing on Monday. The miner’s October bitcoin product rose 12.5% from September, due to production from its newly built, larger production facility in Cowansville, Québec. The company increased its mining capacity to 1.8 exahashes. “With new miner deliveries en route and deliveries continuing throughout November, this month we expect to grow our hashrate to over 2 EH/s and improve our…

NFL Star Aaron Rodgers Gives Ringing Endorsement of Bitcoin

NFL superstar Aaron Rodgers offered a resounding endorsement of bitcoin on Monday, tweeting that “I believe in Bitcoin & the future is bright.” The longtime Green Bay Packers quarterback and three-time MVP revealed that he’s working with Square’s Cash app to receive an undisclosed amount of his salary in bitcoin for the first time. New York Giants star running back Saquon Barkley said in July he would be receiving all his future endorsement money in bitcoin, while several other NFL players have also said they would get part of their…

The Recording Academy and OneOf announce Grammy Awards partnership

The Recording Academy and OneOf, a green NFT marketplace backed by legendary record producer Quincy Jones, announced an exclusive partnership centered around the next three years of Grammy Awards in an unsigned statement on the Grammy.com website. Details on specific NFT collections will be released in January, but will celebrate both the awards themselves and nominees / recipients. Some of the money from the sale of the assets will go towards funding the Recording Academy scholarship fund. OneOf, built on the Tezos blockchain, is specifically designed with musicians and listeners in…

Upcoming parachain auctions send Polkadot to new ATH, while CHR and THETA follow

“Uptober” is over, but as Zhu Su tweeted earlier on Nov. 1, the crypto market rally could extend through “Upvember, Upcember” and beyond. The month of October was stellar for Bitcoin (BTC) and Ether (ETH), primarily because each hit new all-time highs. And even though the prices are consolidating now, traders are still wildly bullish. Uptober, Upvember, Upcember — Zhu Su (@zhusu) November 1, 2021 The steady emergence of the Metaverse is also driving excitement within the crypto sector, as it promises to be one of the driving forces behind…