The Block
Dfinity Foundation’s Dominic Williams said 95% of blockchains are “junk” and the industry seems more concerned with narrative than substance. Williams considers the Internet Computer Protocol to be the only “third-generation” blockchain.
Quick Take Reps. Patrick McHenry and Maxine Waters have been working on a stablecoin bill that was advanced out of the Republican-led House Financial Services Committee over the summer last year. Rep. Maxine Waters told Bloomberg News this week that they were on their way “to getting a stablecoin bill in the short run.” Others say a sticking point on who should be the primary regulator of stablecoin issuers would have to be resolved first.
WBIT holds 8,900 BTC, worth around $579 million, across 134 wallets, Arkham Intel finds.
Quick Take Optimism on Thursday fixed vulnerabilities on its testnet, a few weeks after its competitor flagged the security flaws to its team.
Quick Take Owners of former President Donald Trump’s “Mugshot Edition” NFTs have had their bonus Bitcoin Ordinals inscribed. People had to buy 100 Trump NFTs to receive a one-of-one Trump Bitcoin Ordinal.
Quick Take Yuga Labs cut some team members Friday as a part of company restructuring. The firm’s CEO Greg Solano said Yuga Labs “lost its way” and is focusing on building a smaller crypto-native team.
Quick Take Last week, DAI did over $50 billion in transfers on-chain, with the $86 billion of volume on April 17 marking the highest day of volume for the stablecoin ever. This is an excerpt from The Block’s Data & Insights newsletter.
Quick Take Lawyers for Custodia filed the notice on Friday in the U.S. District Court for the District of Wyoming, marking the most recent move in a multi-year debate over whether the bank should have access to the central bank’s payment systems. Custodia has been trying to obtain a Fed master account for years.
Quick Take Vitalik Buterin responded to user comments Friday about wishing Ethereum had stayed with a PoW consensus system.
Quick Take Won Kim joined Yuga after co-founding the web3 consulting agency and NFT fund Bored Room Ventures. The position requires forging new brand collaborations, staying up-to-date with media trends and working with Yuga Labs senior executives on business strategies.
