Illustration by Mitchell Preffer for Decrypt As the NFT profile pic trend continues, so too do the arguments over usage rights, permissions, and who gets to show off their cartoon ape or punk. On Boxing Day, Jillian York, an author and director at digital rights group Electronic Frontier Foundation, noticed her portrait was being used in a new NFT collection…
This article was highly inspired by a conversation I had with Tom Luongo in October 2021, and his thesis on geopolitics and the macro economic landscape of today. You can hear the conversation on my podcast, A Boy Named Pseu, and listen to episodes 75, 76, and 77 of Tom’s podcast, Gold, Goats, and Guns for more context. Much of…
Russians mining cryptocurrency in their homes have been blamed for the problems with the electricity supply in Irkutsk. Power outages have become a frequent occurrence in the region which maintains the lowest electricity rates in Russia. Subsidized household energy has turned mining into a source of income for many locals. Electricity Consumption Spikes Amid Spread of Home Crypto Mining in…
This week in coins. Illustration by Mitchell Preffer for Decrypt. Bitcoin has fallen more than 6% over the past seven days, and is down more than 1% in the first day and a half of 2022, according to CoinMarketCap. The largest cryptocurrency by market capitalization is hovering around $47,000 at the time of writing. But hey, at this time last…
Nonfungible tokens, or NFTs, have become one of the most discussed markets in the crypto space this year. A recent report from Cointelegraph Research found that NFT sales are aiming for a $17.7 billion record by the end of 2021. This may very well be the case, as a number of mainstream brands have begun launching NFTs. According to recent…
Bitcoin’s hashrate tapped a lifetime high on the first day of 2022 reaching 209.39 exahash per second (EH/s). During the last 12 months, Bitcoin’s hashrate has increased by 47.92% from the 141.55 EH/s recorded on January 3, 2021. Bitcoin’s Hashpower Reaches a New Milestone The processing power and security dedicated to the Bitcoin (BTC) network has never been higher, and…
LUNA, FTM, ATOM, and ONE could rally if Bitcoin rises above the 50-day SMA. Source: https://cointelegraph.com/news/top-5-cryptocurrencies-to-watch-this-week-btc-luna-ftm-atom-one
India’s central bank, the Reserve Bank of India (RBI), has warned about multiple risks cryptocurrency poses to the country’s financial stability. “They are also prone to frauds and to extreme price volatility,” the apex bank claims, stressing that “cryptocurrencies pose immediate risks to customer protection and anti-money laundering (AML) / combating the financing of terrorism (CFT).” RBI’s Assessment of Cryptocurrency…
Alan is the chief legal officer at PrimeBlock, a sustainable Bitcoin mining operation, infrastructure solutions provider and member of the Bitcoin Mining Council, with locations spread across North America. “We’re going to see more countries adopting crypto as a legal currency. We’re also going to see central governments coming out and taking their own currencies and putting them on a…
As 2022 begins, 13 different cryptocurrency exchange platforms have more than a billion dollars each in digital currencies held in reserves. Between all 13 trading platforms, the group of exchange platforms hold a whopping $165.25 billion worth of bitcoin, ethereum, and tether. 13 Crypto Exchanges Hold a Billion or More in Crypto Equalling Over $165 Billion in Assets Under Management…
