Snoop Dogg is recreating his California mansion in The Sandbox, a decentralized metaverse game on Ethereum that minted its first wave of virtual lots in the “Snoopverse” yesterday. A plot next to Snoop’s virtual property sold today for close to 71,000 SAND, the native token of The Sandbox, which is about $450,000. Virtual land in The Sandbox is being sold…
The U.S. Treasury Secretary Janet Yellen says that she has not made up her mind about whether the Fed should issue a central bank digital currency (CBDC). “There are some benefits” to a digital dollar, Yellen said, but noted that “there are also meaningful costs.” Janet Yellen Has Not Decided Whether the Fed Should Develop a Digital Dollar Treasury Secretary…
LUNA, the native cryptocurrency for the Cosmos-based Terra network, hit an all-time high today of $69.56. The price jump now puts the cryptocurrency on the list of the market market’s top ten largest by market capitalization, after flipping Dogecoin to take the tenth spot. LUNA has since dipped slightly after hitting the all-time high earlier today, now trading for $68,…
Marathon Digital Holdings mined less bitcoin in November than in the previous month as maintenance and upgrades to its Hardin, Montana, facility led to a reduction in its hashrate capacity. The miner produced 196 BTC last month, while October had yielded 417.7 new coins; Marathon now holds about 7,649.1 bitcoin with a fair market value of approximately $437.4 million. “While…
0x protocol and Celo blockchain have announced a joint partnership to allocate $4.5 million — consisting of $3 million CELO and $1.5 million ZRX — towards the growth of 0x’s ecosystem via its community-centric decentralized autonomous organization (DAO). The news follows an agreement penned in mid-November between the two firms to integrate a zero-cost 0x API functionality on the Celo…
Back in August, there were some dire warnings about what the Biden Administration’s proposed infrastructure bill might do to the cryptocurrency and blockchain sector by driving crypto miners out of the United States, crippling America’s leadership role, etc. In response, the crypto industry mobilized a full-court-lobbying press on lawmakers. However, it was too late to excise the troubling digital-asset language,…
A Psychological Analysis Of The Core Archetypes In September 2021, I wrote a piece called “Bitcoiners Are The Remnant, The Masses Don’t Matter.” It was inspired by the incredible 1930s essay by Albert J Nock, “Isaiah’s Job.” In it, I covered the differentiation between two broad archetypes, (the Remnant and the masses) and made the case for why Bitcoiners are…
On Friday, WisdomTree, a financial institution with over $76 billion in assets under management, announced it had created four cryptocurrency indices in the United States and Europe to provide diversified portfolio exposure to investors. The move comes in collaboration with Ritholtz Wealth Management, OnRamp, and Gemini. In the U.S., WisdomTree will launch the RWM WisdomTree Crypto Index. And in Europe,…
Watch This Episode on YouTube Listen To This Episode: [0:07] P: Really looking forward to this one. Yeah. This is obviously Bitcoin Magazine Twitter Spaces. We do these multiple times a week, but today, we’re going to be talking about the Lightning Network and federated chamian mints and what they mean, what they are, why they’re interesting. This is a…
India is no longer planning to ban cryptocurrency, a cabinet note circulated by the government reportedly indicates. Activities relating to crypto assets will be regulated by the Securities and Exchange Board of India (SEBI). Crypto Will Not Be Banned in India, Cabinet Note Indicates Despite reports of the Indian government planning to ban cryptocurrencies, NDTV reported Thursday that a cabinet…
