On-chain music platform Royal has announced a Series A funding round led by venture capital giant Andreessen Horowitz. Royal allows fans to buy music rights via nonfungible tokens (NFTs). Its co-founders, entrepreneur JD Ross and DJ Justin Blau who goes by the stage name 3LAU, announced on Nov. 23 they had closed a $55 million Series A funding, following a…
In brief Martha Stewart is selling a new NFT collection. The lifestyle icon previously released a Halloween set. Martha Stewart has had a storied career as a magazine editor-in-chief, TV personality and home goods expert, putting her brand name on everything from pots and pans to outerwear and a sold-out Halloween NFT collection last month. Now, she’s diving back into…
Citigroup is reportedly looking to hire 100 people for its new crypto team. “We believe in the potential of blockchain and digital assets including the benefits of efficiency, instant processing, fractionalization, programmability, and transparency.” Citigroup Growing Its Crypto Team Citigroup is reportedly looking to hire 100 people to grow its digital asset team within its institutional business, Bloomberg reported on…
American multinational investment bank Citi announced it had appointed Puneet Singhvi to lead the digital assets division of its Institutional Clients Group (ICG) starting on Dec. 1. In addition to appointing Singhvi on Nov. 22, Citi is hiring 100 additional personnel to for its digital assets division. The move indicates a concerted effort to beef up the financial group’s understanding…
In brief Use of the Ethereum network remains high due to NFTs, DeFi and gaming applications. Average transaction fees are in the double digits. The debate over Ethereum’s usability came to a head this past weekend on Crypto Twitter. Another week, another flurry of icy words over Ethereum transaction fees. It’s beginning to look a lot like an existential crisis.…
What do you see when you switch on the TV or scroll through your news feed on your preferred social media platform? You see a failed war ended after 20 years, hundreds of thousands of people dead, billions of dollars squandered, and the same illiberal regime in charge as before. You also see inequality, rising prices and protests. And you…
The Ethereum scaling wars are raging on social media due to the problems that this chain is facing, with fees on layer one (L1) at very high levels. Zhu Su, CEO of Three Arrows Capital, a notable crypto VC company, announced he withdrew his support from the project, criticizing the state in which the chain is now. Emin Gun Sirer,…
Terry Gilliam, director of films like “Brazil,” “12 Monkeys,” “The Imaginarium of Doctor Parnassus” and “Monty Python and the Holy Grail,” is releasing his first-ever NFT, “Blessed Before Blast,” based on a surrealist print he’s had in his home for half a century. The piece, drawn by Gilliam, is a nod to the American-born British director’s early career, when he…
El Salvador will issue $1 billion in bonds on Blockstream’s Liquid Network, a federated Bitcoin sidechain, according to a statement sent to Bitcoin Magazine. The proceedings of the bonds will be split between a $500 million direct allocation in bitcoin and an investment of the same amount in building out energy and bitcoin mining infrastructure in the region. The move…
Cooler heads are calling for a collective deep breath and a step back to see the long-term outlook for the future of Bitcoin (BTC) price and the wider crypto market, but today’s drop back under $56,000 is raising eyebrows among traders. Data from Cointelegraph Markets Pro and TradingView shows that after starting the week near $60,000, several days of bears…
