Crypto is no longer an obscure asset class within the financial ecosystem, but a growing correlation with the stock market undercuts the “investment hedge” role of Bitcoin (BTC) and other cryptocurrencies, according to new International Money Fund (IMF) research. A blog post accompanying the survey highlights new risks associated with the growing interconnectedness between virtual assets and financial markets. Penned by…
The new wallet of China’s state-issued digital currency has quickly become one of the most downloaded applications in the country, within days of its launch. Its use and integration with other apps have contributed to an increase of digital yuan payments, media reports unveil. Wallet Launch Boosts Digital Yuan Ahead of Lunar New Year and Winter Olympics In the week…
Former Twitter CEO and founder Jack Dorsey has announced plans to create a “Bitcoin Legal Defense Fund” with Chaincode Labs co-founder Alex Morcos and Martin White, who appears to be an academic at the University of Sussex. The announcement was sent on a mailing list for Bitcoin developers, bitcoin-dev, at 00:13:45 UTC on Jan. 12 from an email address appearing…
press release PRESS RELEASE. Arkania Protocol has announced its IDO Launchpad for the public, with anti-whale mechanism, KYC and robust security. 12th January, St. Vincent & the Grenadines — The Arkania platform connects promising new projects with the global crypto community, offering developers a chance to showcase innovative new start-ups to individuals who then have the option to support them…
Carbon offset protocol KlimaDAO has now accrued over 14 million on-chain carbon offsets and is causing waves in the more traditional carbon offset industry. The aim of KlimaDAO is to acquire as many carbon offsets as it can in order to drive up their value and make offset-generating activities more profitable. The Mark Cuban-backed project’s treasury has added over 5…
Las Vegas-based glass pipe maker to the stars Jerome Baker Designs will launch a series of bong-related NFTs tied to corresponding physical assets early next month. The NFTs, on FDCTech’s Ethereum-based platform, depict the unique glassblowing process for each bong and come with additional unique benefits. They are due to drop on Super Bowl Sunday (Feb. 13) and the corresponding…
The blockchain-powered game Axie Infinity has been a very popular application during the last 12 months, as the game’s NFTs have outpaced every NFT collection today in terms of all-time sales. While Axie Infinity has seen $3.85 billion in all-time sales, Nansen researcher Martin Lee recently published a report on how Ronin, Axie Infinity’s sidechain, has seen exponential growth. Researcher…
A single Bitcoin miner from the Solo CK mining pool has defied the odds after successfully adding a new block on the Bitcoin blockchain, taking home 6.25 BTC ($266,000) for their efforts. The lucky miner, who may have been mining on just one or two machines, solved a block with their modest hashrate capacity of 126 TH/s. According to a…
The below is a direct excerpt of Marty’s Bent Issue #1142: “This is what normalization looks like.” Sign up for the newsletter here. via @Pastore1314 via @Pastore1314 What a difference a year makes. At this point in 2021 the price of bitcoin had just breached a new all time high above $41,000 and was experiencing a slight price correction before…
Metaverse concert organizer Animal Concerts has partnered with South Korean unicorn Kakao’s Klaytn network to increase its exposure to the Korean entertainment industry and facilitate Klaytn’s global expansion plans. The Jan. 10 announcement from Klaytn explains that the partnership between Klaytn and Animal Concerts is expected to help Klaytn increase the number of NFTs that are traded on the platform.…
