In brief ConstitutionDAO tried to buy the U.S. Constitution at a Sotheby’s auction. It failed, and now it has to work out what to do with the $45 million it raised. Some people want the show to keep on going. ConstitutionDAO, a decentralized autonomous organization with over 17,000 contributors and $45 million in funds, has faced a number of challenges…
Bitcoin (BTC) is witnessing a tough tussle near the $58,000 mark but that has not stopped select altcoins from hitting a new all-time high. This shows that traders are watching the fundamental developments on individual coins. One of the recent top performing major altcoins has been Avalanche (AVAX), which has soared more than 120% in November. The coin caught traders’…
Omnia Mea Mecum Porto (All That Is Mine I Carry With Me) It is often enough said, and not without a grain of truth, that the poorest man is in the end the happiest, although no one can envy him for that happiness. Throughout the ages, or perhaps from the very moment when Zeus blinded Pluto so that he would…
While cryptocurrencies have seen their values rise significantly during the last three months many digital asset holders will be spending their tokens for holiday gifts and Black Friday deals. Bitcoin Black Friday will be on November 26 this year and the crypto payments firm Bitpay has announced a slew of merchants that will offer deals for shoppers paying with digital…
President Nayib Bukele, of El Salvador, announced yesterday he would issue a $1 billion “Bitcoin Bond” to build the first Bitcoin City in the world. The city would feature no taxes of any kind except VAT, and it would be carbon neutral, with most of the energy powering it coming from geothermal sources. Bukele also announced that El Salvador would…
Illustration by Mitchell Preffer for Decrypt This week, crypto’s Twitter fingers vented their frustration over the rising cost of Ethereum gas fees, ConstitutionDAO failed to win the bid for a copy of the U.S. constitution, leaving many wondering what will happen to the funds it raised, and a load of cartoon apes has stirred up controversy in the NFT world.…
In brief Avalanche is now in the top 10 cryptocurrencies by market capitalization. The currency hit its all-time high shortly after a tweet by Avalanche investor Zhu Su criticized gas fees on Ethereum. Avalanche’s fees are nominal compared to Ethereum, and transacting is much faster. Avalanche, a high-speed low-cost blockchain that wants to take on Ethereum, has made its way…
Look at your feet. A lot of you (raises hand) are wearing Nikes right now. For the fiscal year ending May 31, 2021, Nike reported its revenue was up 19% to $44.5 billion for the year. But that’s here. What about in the Metaverse? Why Nike is interested in the Metaverse For those as of yet unfamiliar with the concept, the…
press release PRESS RELEASE. The Ethereum-based solution will be a premier, bespoke online community, bringing together NFT investors, partners, play-to-earn gamers and developers. While new NFT and PTE gaming sites are being deployed seemingly everyday, few if any have tied together in a seamless, intuitive way a truly robust and inclusive community that delights and rewards all key stakeholders. Funganomics,…
Cryptocurrency markets have started to recuperate from last week’s losses as bitcoin, ethereum, and a slew of digital assets have seen slight gains. However, the cryptocurrency avalanche has seen its value skyrocket this past week 46.9% higher over the last seven days. Avalanche has also crept into the top ten digital asset market valuations with its $31.5 billion market cap.…
