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The prominent economist and Bitcoin (BTC) skeptic, Peter Schiff, was quick to take to social media after the Trump family launched a series of meme coins to proclaim the world’s premier cryptocurrency no better than them. Remember, Bitcoin is a meme coin. — Peter Schiff (@PeterSchiff) January 21, 2025 The inciting incident and major source of inspiration, as Schiff himself explained in an X post, was Anthony Pompliano’s appearance on CNBC , in which the finance manager seemingly struggled to explain what meme coins actually are. Based on the interview, the economist and gold bull concluded that a major reason for what appeared like dancing around the question is that Bitcoin is, itself, ‘a meme coin.’ Picks for you Crunch joins Cohort 2 of the Solana Incubator program 2 hours ago ...

Blockchains need to become interoperable in order for the industry to truly flourish and several innovations will accelerate the ecosystem towards it, say executives. The future of blockchain will be an interoperable one — with the death of “chain tribalism,” the proliferation of “hundreds of chains” along with an end to cross-chain bridge hacks, according to executives at Korea Blockchain Week. Backing up the claims are several products slated for release before the end of the year that could see blockchain interoperability efforts move away from current solutions which execs say don’t make sense and are a “honeypot” for hackers. Vance Spencer, the co-founder of the crypto-focused venture firm Framework Ventures told Cointelegraph at KBW that he thinks with many solutions on the horizon including Chainlink’s Cross-Chain Interoperability Protocol (CCIP) — it soon won’t matter what blockchain a project uses. He said most startups begin on layer-2 solutions such as Optimism or Arbitrum ...

Author Neal Stephenson said that many Web3 problems come from projects wanting to financialize everything very quickly. Bestselling author Neal Stephenson spoke with Cointelegraph at the Paris Blockchain Week 2023, discussing various topics, including problems within the current Web3 ecosystem and the metaverse — a term Stephenson coined in his 1992 book titled Snow Crash.  According to Stephenson, many of the current problems within the space come from people wanting to "financialize everything too fast." Stephenson pointed out that many see the goal of getting lots of money and are eager to get to it. This leads to skipping over important steps that are necessary. The writer explained that:  “You know, financial institutions emerged slowly over time out of existing markets, and businesses that were functional, and they were making money for people. And then, over time, people constructed banks and stock markets and so on.” According to the author, this approach skips a ve...