2021 was the year of social audio applications. Clubhouse rose to fame and prominence on the back of the world’s COVID-19 lockdown. Folks all over the world were instructed to stay inside and away from other people. They were told to wear masks and to sanitize their hands as often as possible. Cabin fever had risen to critical levels. People…
Vitalik Buterin has walked listeners through a five-part roadmap on the latest Bankless podcast where he outlined the necessary steps for Ethereum to survive and thrive. In order to achieve ultimate scalability and decentralization, Butalik claimed that Ethereum needs to be more agile and more lightweight in terms of blockchain data so that more people can manage and use it.…
In brief El Salvador last month announced it would issue Bitcoin-backed bonds. The country’s finance minister today said it was moving ahead with the legislation to do so. El Salvador is getting closer to issuing its Bitcoin bonds. Today, the country’s finance minister said the government would send Congress around 20 bills to get started with the process. President Nayib…
This article is to serve as nothing more than a contribution to the bitcoin mining community. I’m not a mathematician. I’m not a statistician nor a certified economist. I’m just a bitcoin miner, a builder, and a freethinker that loves spreadsheets and algebra and, for the last four years, I’ve been trying to figure out a way to properly value…
The government of Estonia has approved legislation tailored to improve oversight of its crypto sector which expanded rapidly due to favorable regulations and business climate. The new law, which is yet to be adopted, will introduce stricter requirements for service providers without preventing their clients from owning or exchanging cryptocurrencies. Authorities in Tallinn Draft Stricter Rules for Crypto Service Providers…
In brief China is in the middle of piloting its e-CNY (electric Chinese yuan) network. This is the first public release of the e-CNY wallet. At the start of 2021, China dominated the Bitcoin mining industry; more than half of all new BTC were minted there, according to stats compiled by the Cambridge Centre for Alternative Finance. By mid-year, Chinese…
Cion Digital, a developer for an enterprise SaaS blockchain orchestration platform, announced on Tuesday that it had closed out its recent seed funding round at $12 million. The round was overseen by Green Visor Capital and 645 Ventures who have since joined Cion Digital’s board of directors. Additionally, Cota Capital, Epic Ventures, Hourglass Capital Partners, BAT Ventures, Greycroft and Ulu…
The total value locked (TVL) in decentralized finance (defi) has risen 4% during the first four days of the new year from $245 billion on January 1, to $255.84 billion three days later. While the defi protocol Curve Finance dominates with a TVL of $24.44 billion, Convex Finance is closing in on the dominance with $21.27 billion. Meanwhile, out of…
Decentralized finance (DeFi) was one of the breakout sectors of the cryptocurrency market in 2021 and stands poised to continue to facilitate the mass adoption of cryptocurre in 2022. This comes as institutional and retail investors embrace the emergence of Finance 2.0. One DeFi project that has kicked off the year with a bullish start is Ribbon Finance (RBN), a…
In brief The SEC has delayed approving or rejecting NYDIG’s Bitcoin ETF until March 16. If approved, it will be the first spot-based Bitcoin ETF in the country. The SEC has again delayed giving a “yes” or “no” to what could be the first spot market Bitcoin exchange-traded fund (ETF) in the U.S. NYDIG, a subsidiary of asset manager Stone…
