Investors in the Grayscale Bitcoin Trust (GBTC) face more losses as the popular investment product hit its record discount of 26.53%, per data from YCharts. GBTC has long been an investment tool of choice for many institutional investors, offering exposure to Bitcoin without the need to purchase the actual underlying asset. It comes with several drawbacks though, including an annual…
America’s media, central bankers, and bureaucrats continue to debate the rising inflation in the U.S. that has raised the cost of living and increased the prices of goods and services nationwide. Senator Rand Paul, R-Ky., believes the inflation is “only going to get worse” and he published a report on the issue and blamed excessive coronavirus relief spending by Congress.…
Bloomberg analyst Mike McGlone is convinced Bitcoin is on track to reach $100K in 2022, as it completes its transition from a risk-on to risk-off asset. While the Fed is planning to raise interest rates in order to fight inflation, risk-on assets like crypto may suffer, as people would likley prefer to invest in fixed-income assets like bonds. While this…
In his monthly crypto tech column, Israeli serial entrepreneur Ariel Shapira covers emerging technologies within the crypto, decentralized finance and blockchain space, as well as their roles in shaping the economy of the 21st century. The contract, an obligation that party A will do something party B desires at a price both agreed to be fair, is in many ways…
Web3 and social games publisher Carry1st has raised $20 million in Series A funding to further expand product development in Africa — a continent that could become the premier hub for the gaming industry over the next decade. The investment round was led by Silicon Valley venture firm Andreessen Horowitz, which has been highly active in the blockchain space, with…
Woof! Here come Puppy Bowl NFTs. The Puppy Bowl has been airing on Super Bowl Sunday since 2005, but this year’s event will include NFTs. The non-fungible tokens (NFTs) will be released leading up to and on the day of this year’s Puppy Bowl, which will air on February 13 on Animal Planet. Chronicle, an NFT marketplace, will offer 5,000 free…
Are future prices written in the stars? Meet Maren Altman, presciently named for cryptocurrency, who combines astrology and day trading crypto into a winning blend. In 1973, Princeton University professor Burton Malkiel published his book A Random Walk Down Wall Street, in which he famously states that a “blindfolded monkey throwing darts at a newspaper’s financial pages could select a…
NFTs are only as secure as their creator makes them. As with any emerging technology, taking shortcuts in the design stages can have disastrous consequences down the line. Kraken Security Labs scanned thousands of smart contracts on the Ethereum blockchain to take advantage of vulnerabilities left open in certain non-fungible token (NFT) contracts. Below, the team details how we were…
Cryptocurrency ATMs have closed down in Singapore following the guidelines issued by the central bank, the Monetary Authority of Singapore (MAS). “To comply with the sudden announcement, we have ceased to offer buy or sell services via our five ATMs while seeking further clarification from the MAS,” said one crypto ATM operator. Crypto ATMs Shut Down in Singapore to Comply…
The Hedera Governing Council has officially voted to purchase the intellectual property rights to the hashgraph consensus algorithm from founding architect and inaugural member of the council, Swirlds Inc, for an undisclosed fee. A Jan. 19 announcement also details plans to transition their code to an open-source model this year under Apache 2.0 license, in addition to transferring core team…
