In brief Walmart filed multiple trademark applications related to cryptocurrency and the metaverse on December 30. Other companies are leaning into the metaverse. “Walmart is more likely to be inspired by Adidas and Nike than say Facebook,” said Animoca Brands Executive Chairman Yat Siu. On Sunday, CNBC reported that Walmart had “quietly” filed at least seven applications with the U.S.…
In brief Sports and entertainment NFT platform Autograph has raised a $170 million Series B round. Autograph was co-founded by NFL player Tom Brady and has launched NFTs from Tiger Woods, The Weeknd, and other celebrities. Autograph, the NFT platform co-founded in 2021 by NFL quarterback Tom Brady, has made a big splash by attracting athletes and entertainers such as…
On Wednesday, the crypto economy of 12,620 coins across 543 exchanges is hovering just above the $2 trillion mark. Ever since the crypto economy’s market slump, bitcoin’s market dominance among all the coins in existence has slowly risen from 37% zone back over the 38% range. Meanwhile, Ethereum’s market dominance has diminished as it has slid from 18.6% to 17.7%…
The nonfungible token marketplace Autograph co-founded by Super Bowl champion Tom Brady has announced it closed on a $170 million funding round. In a Wednesday announcement, Autograph said Andreessen Horowitz, or a16z, and VC firm Kleiner Perkin co-led the $170-million Series B round with contributions from crypto investor Katie Haun’s firm, Nicole Quinn of Lightspeed Venture Partners, and San Francisco-based…
Twitter founder Jack Dorsey’s new company, Block, is leading the charge to establish technology for the Bitcoin network that builds on both the company’s mission statement and Bitcoin’s founding principles. Genesis Block “If I were not at Square or Twitter I’d be working on bitcoin.” Those are Jack Dorsey’s words from Bitcoin 2021 in Miami. In less than a year…
Bitcoin (BTC) has been below $45,000 for 14 days and is currently 40% below the $69,000 all-time high. This movement holds similarities to late-Sept. 2021, when Bitcoin price flat-lined for 11 days and was 36% below the previous $64,900 all-time high on April 14. Bitcoin price at Coinbase, USD. Source: TradingView To understand whether the current price momentum mimics late…
In brief Esports club G2 Esports will release Solana-based NFTs in February. The NFTs will provide exclusive access and perks to holders. Like many brands and celebrities, esports teams are beginning to show interest in NFT collectibles as a fan engagement tool. Following Team Vitality’s recent partnership with Tezos, which includes NFT plans, G2 Esports has now joined the fray…
In a speech entitled “Digital currencies and the soul of money,” Agustín Carstens, the general manager of the Bank of International Settlements,’ criticized private stablecoins and decentralized finance (DeFi), touting central bank-led financial innovation as the best possible path to the future of money. Carstens, who served as governor of the Bank of Mexico between 2010 and 2017, delivered his…
Market leader in computer chip manufacturing Intel has already secured at least one buyer for its upcoming bitcoin mining chips, according to a registration statement filed last month with the U.S. Securities and Exchange Commission (SEC). The deal was first reported by Fox Business and provides bitcoin miner GRIID with fixed-price bitcoin mining ASIC hardware by Intel for orders placed…
Alphabet Inc. subsidiary Google has hired former PayPal Senior Vice President and Chief Product Architect Arnold Goldberg to lead its payments division, according to a report today from Bloomberg. Just three months after abandoning a strategy to let Google Pay users create checking and savings accounts via its proposed Plex service, the search and advertising giant will wade more deeply…
