In brief The annual Coachella concert festival will auction off lifetime passes as Solana NFTs. Coachella will sell the passes and other NFTs in partnership with FTX US. NFTs could be an important piece of technology for the future of both the music industry and event ticketing—and now here’s a high-profile project that combines both. Today, the Coachella Valley Music…
Credit to Hannah Cron from Lumination Network During the summer of 2021, the Sigma Alpha fraternity at Lipscomb University decided to put a large percentage of their cash reserves into bitcoin, hold it on their balance sheet, and to accept dues in bitcoin through the Lightning Network. It unanimously passed and was implemented shortly after. At the peak of the…
The crypto asset and exchange-traded fund (ETF) manager Wisdomtree has revealed the company is launching a new digital wallet called Wisdomtree Prime, which will allow users to hold crypto assets, blockchain-enabled funds, tokenized versions of commodities like gold, and access to stocks or bonds based on Wisdomtree’s indexes. Wisdomtree to Launch Prime Wallet in Q2, 2022 On January 28, the…
Major Bitcoin (BTC) investor MicroStrategy has announced another major BTC purchase during a market dip to collect a total of 125,051 BTC as of Monday. According to an official form with the United States Securities and Exchange Commission (SEC) filed on Tuesday, MicroStrategy purchased 660 BTC between December 30, 2021, and January 31, 2022, for “approximately $25 million” in cash.…
With roughly nine months until major federal and state elections, New York State gubernatorial candidate Jumaane Williams is making crypto mining an issue in his campaign, criticizing the lack of regulatory clarity. Speaking to climate activists and protestors at Seneca Lake in upstate New York on Monday, Williams called on current Governor Kathy Hochul to deny permits for proof-of-work crypto…
ConsenSys, the Ethereum software incubator behind tools such as Infura and Truffle, is buying a mainstay of the Web 3 ecosystem. The company announced today it has acquired MyCrypto, a wallet interface for securely managing Ethereum addresses. The startup and its 12 employees will pair with ConsenSys’ MetaMask, the most popular Ethereum wallet. (ConsenSys Mesh funds an editorially independent Decrypt.)…
I am a financial advisor, and my clients have owned bitcoin since 2019. In the last couple of years, several of them have expressed concern about Bitcoin’s ESG credentials. How ironic. My analysis indicates that bitcoin is not only more ESG-friendly than you’ve heard, but that it is probably the most ESG-positive investment in my clients’ portfolios. Here’s why. Environmental…
Following Adidas and Nike getting into the metaverse, the sneaker manufacturer New Balance seems to be prepping to launch virtual items tied to its products. The firm filed three trademark applications with the United States Patent and Trademark Office (USPTO) that describe “downloadable virtual goods” featuring “footwear, clothing, sports bags, sports equipment, and accessories for use in online worlds.” Sneaker…
According to blockchain data from Nansen Analytics on Tuesday, over $1.096 billion worth of Ethereum (ETH) has been burned in the past month. With the introduction of the EIP-1559 last August, a portion of fees is taken out of circulation for every transaction that occurs on the Ethereum blockchain. While sending and receiving ETH does not cost much, higher-level tasks,…
American internet entrepreneur and Reddit co-founder Alexis Ohanian has raised $500 million across two new funds via his venture firm 776. He expects to put most of this new money to work investing in crypto startups. Ohanian told Wall Street Journal that crypto startups currently account for about 40% of 776’s portfolio, including metaverse game Axie Infinity, crypto tax manager…
