On Wednesday, Psychedelic, a Web 3.0 development studio building solutions for the Internet Computer, launched Terabithia, a cross-chain contract communication and asset mirroring protocol. Beginning with the Internet Computer (ICP) and Ethereum (ETH), users will have the ability to mirror and use any ETH tokens, fungible and nonfungible, on the Internet Computer blockchain and vice versa, effectively turning ICP into…
Good luck escaping crypto on February 13 when you’re watching Super Bowl 56. Crypto.com has bought a Super Bowl ad, the company told The Wall Street Journal today. The cost of an ad in this year’s game is reportedly $6.5 million for 30 seconds. It’s just the latest move in the exchange’s sports sponsorship push. Last month, Crypto.com paid a…
When calculating the return of an NFT collection, most analysts calculate the average return. For example, the first CryptoKitties were sold in December 2017 for an average price of $3.24 each. On the first day, 105 CryptoKitties were created, and a total of $340.63 worth of Ether (ETH) was spent on those CryptoKitties by different collectors. That makes an average…
Bitcoin (BTC) stayed rangebound after hitting ten-day highs on Dec. 22 amid fresh warnings over market “complacency.” BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView How about a new year squeeze? Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it consolidated after coming within $400 of $50,000 overnight. Bulls were up against a significant sell wall around the psychologically significant…
China’s official state-run press agency Xinhua has said today that it plans to issue a series of NFTs for free on Christmas Eve at 12pm UTC via its news app. According to the official announcement, Xinhua’s NFT drop will comprise 11 different collections of photojournalism, numbered to 10,000 copies each, and one “special edition” collection, each recording “many precious historical…
On Wednesday, Opera, an internet browser with Web 3.0 application support and a built-in crypto wallet, announced an upcoming integration with Polygon (MATIC). The integration, which is scheduled to go live in the first quarter of 2022, will first open Polygon’s ecosystem to Opera’s over 80 million users on the Android mobile, then to the rest on other devices and…
A criminal who laundered £2 million ($2.6 million) for a group that defrauded victims using cryptocurrency ATMs has been jailed. Bazyli Rymarz, 22, was jailed for five years, nine months after being convicted of money laundering. Rymarz was arrested in January 2020 after he was caught driving a £130,000 ($172,000) Bentley Bentayga through the port of Dover with €6,500 ($7,300)…
Xinhua, the official news agency of China, is going to issue an NFT collection with photographs depicting historic moments of the passing year. The initiative, which comes amid an ongoing crypto crackdown, is seen as a boost for blockchain, the technology that also underpins cryptocurrencies. Xinhua to Create Digital Collectibles Based on Photo Reports The state-owned Chinese news agency Xinhua…
Sameep is the founder of QuickSwap, a decentralized exchange on Polygon that allows users to swap, earn, stack yields, lend, borrow and leverage, all on one decentralized, community-driven platform. “My answer here will be similar to the last one. Absolutely — in 2020 and 2021, DeFi experienced mass growth. More and more people realized the importance of having their money…
While still leading the securities litigation, hedge fund and SEC defense national practices at my last law firm, BakerHostetler, my practice team members and I would prepare an annual list of key developments and cases in the area each December. It was usually a top 10 list that was then published by Wolters Kluwer in one of its CCH publications…
