Opensea, one of the biggest NFT marketplaces globally, recently announced it is acquiring Dharma Labs. The price is believed to be between $110 million and $130 million. As a result of the new agreement between the two companies, Nadav Hollander, a co-founder at Dharma Labs, will become the new chief technology officer (CTO) at Opensea. Opensea’s New Valuation One of…
Interest in crypto continues to grow as Americans show their excitement in the future of digital assets. The first annual Crypto Confidence Survey published by publicly-traded cryptocurrency platform Voyager Digital examined Americans’ experiences with crypto and their perspectives on how crypto will perform in 2022. The report shows many positive sentiments. The survey’s findings revealed that nearly two-thirds of respondents…
Meta, formerly Facebook, has new plans to enter the fast-growing non-fungible token (NFT) market, according to the Financial Times. Citing unnamed sources, the FT reported that the social media company is preparing a feature that will let users mint and sell NFTs; Meta and Instagram users would also be able to display their NFT collections on their social media profiles.…
The wide world of crypto has always been made up of people who know a lot about money. After all, cryptocurrencies themselves are financial products. The paradigm-shifting elevator pitch of Web 3.0 has always been able to pique the interest of investors, and over the last couple of years, we’ve seen an extraordinary amount of money flowing freely into the…
Cryptocurrency exchanges can expect stricter scrutiny from the Securities and Exchange Commission (SEC), according to chair Gary Gensler, per Bloomberg. “I’ve’ asked staff to look at every way to get these platforms inside the investor protection remit. If the trading platforms don’t’ come into the regulated space, it’d’ be another year of the public being vulnerable,” the SEC chair reportedly…
The EU should prohibit proof-of-work crypto mining, an executive at the European securities watchdog has insisted. Coins relying on the energy-intensive method of minting pose a risk to efforts aimed at meeting climate change goals such as those set in the Paris Agreement, the regulator says. Bitcoin Mining Now Attacked in EU for Burning Too Much Renewable Energy A high-ranking…
BlockFills, a digital asset electronic market making, trading and prime brokerage, has announced the completion of a $37 million Series A funding round. Institutional investors, including Susquehanna Private Equity Investments LLLP, CME Ventures, Simplex Ventures, C6 Ventures, and Nexo Inc., led the round. Since its inception in 2018, the firm has received a total of $44 million from institutional investors…
In brief Blockchain platform WAX will give out 10 million NFTs, one for each of the first 10 million accounts registered on its platform. WAX has recently seen about 18 million daily smart contract transactions—far more than other platforms, per DappRadar. Amid the NFT market boom of the past year, WAX doesn’t get much hype. Ethereum has the high-dollar, headline-grabbing…
What is crypto staking? Crypto staking involves locking up one’s cryptocurrency holdings to earn interest or rewards. Technically, “staking” is how certain blockchain networks verify transactions. From an investor’s perspective, staking cryptocurrency is a way of growing one’s crypto holdings without needing to buy more. Staking crypto for maximum passive income is a legitimate way of earning yields through one’s…
Bitcoin (BTC) demand has been in a “bear market” for a whole year, but a surge is most likely what will spark a new price run up. That’s according to prominent economics analyst Lyn Alden, who in a Twitter debate this week bet on demand snowballing and lifting BTC price action. Back: Watch supply & demand for BTC price cues…
