El Salvador, the country which made bitcoin legal tender, has purchased 21 more bitcoins to celebrate “the last 21st day of the year 21 of the 21st century,” President Nayib Bukele announced. The country has bought about 1,391 bitcoins altogether. El Salvador Buys More Bitcoins El Salvador’s President Nayib Bukele announced Tuesday that his country has bought more bitcoin. His…
The below is from a recent edition of the Deep Dive, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. In regards to the performance of publicly traded miners, we will be looking at their performance since the start of 2020 in both…
Nonfungible token, or NFT, became such a tech buzzword in 2021 that even Collins Dictionary declared the abbreviation its word of the year and Google searches for NFTs spiked to record levels. Behind the term is a market that approaches $17 billion, according to Cointelegraph Research. And the NFT marketplace OpenSea is responsible for processing most of these transactions, with…
In brief Niftify is opening its virtual doors to U.S. customers. The first NFT collection to drop features rap icon and actor Ice-T. The collection will contain 10,000 NFTs. Are you an American dreaming of an Ice-T Christmas? Sorry, but you’ll have to settle for rain and snow until January 4. That’s when NFT marketplace Niftify, which is opening its…
Former Twitter CEO Jack Dorsey has ignited a debate about web3 after Tesla CEO Elon Musk criticized it. Dorsey warned of the risks from centralization, emphasizing that web3 is owned by venture capitalists (VCs), hiding under the premise of decentralization. “I’m concerned to see ‘the industry’ be distracted under false pretenses when we could all be working on things that…
In brief Twitter’s co-founder is not backing down in his war with Web3 evangelists at Andreessen Horowitz. The fight between Dorsey and Andreessen suggests a deepening schism between Bitcoin believers and Web3. There they go again. On the heels of a delicious Twitter spat involving prominent crypto personalities such as Elon Musk, the person who started the fight—Twitter founder and…
The following is the written version of a video presentation which can be viewed here. The Waning Of The Modern Age “In our view, you are witnessing nothing less than the waning of the Modern Age. It is a development driven by ruthless but hidden logic. More than we commonly understand, the next millennium will no longer be ‘modern.’ We…
On Wednesday, the Singapore-based digital currency exchange Crypto.com told the press that the firm purchased a 2022 Super Bowl advertisement slot. The firm follows the exchange FTX after the trading platform purchased a Super Bowl advertisement slot in October. Crypto.com Tells the Press the Exchange Purchased a Super Bowl LVI Advertisement Purchasing an ad slot for the upcoming 56th Super…
Arcade, a platform that allows users to utilize nonfungible tokens (NFTs) as loan collateral, has raised $15 million in a Series A funding round with participation from Pantera Capital. In a Wednesday announcement, Arcade said Pantera, Castle Island Ventures, Franklin Templeton Blockchain Fund, Golden Tree Asset Management, Eniac Ventures, Protofund, Probably Nothing Capital and Lemniscap in addition to angel investors…
In brief Uniswap is one of the most popular decentralized applications on Ethereum. Its users voted to put the protocol on Polygon as well to help reduce transaction costs. The promise of decentralized finance—blockchain-based tools for lending, borrowing, and trading—has been that it would open up savings and investment to people locked out of the financial system. But try telling…
