Venture capital fund El Zonte Capital launched today with a focus on advancing hyperbitcoinization around the world through strategic investments in startups building the future of the Bitcoin economy. The fund’s name alludes to El Zonte, El Salvador, the city where the Bitcoin Beach community was founded to build a circular economy leveraging Bitcoin and the Lightning Network and later…
On February 15, the total value locked (TVL) in decentralized finance (defi) platforms is just above the $200 billion range, after a brief slump below that region last week. Out of the entire TVL in defi today, Ethereum commands 59.22% of that value with 532 defi protocols. Metrics during the last seven days show a number of relatively unknown defi…
As concerns for environmental impact rose, the market started to require a framework that allows projects to showcase their ecological implications accurately. Because of this, climate-focused data tracking project Hyphen has found a market gap that it’s very eager to fill. With the support of a Chainlink grant back in 2021, the project is now launching a decentralized oracle network…
Amid rising tensions between Ukrainian and Russian military forces, Elliptic, a blockchain analysis company, released a report claiming that $570,000 worth of cryptocurrency donations have been sent to multiple non-government organizations in Ukraine resisting Russian forces. Among the range of cryptocurrencies being used by these groups, bitcoin specifically accounts for hundreds of thousands of dollars’ worth, with some groups exclusively…
Following four consecutive sessions of declines, bitcoin rallied late on Monday, into Tuesday, as it was reported that Russia was withdrawing some troops from the Ukrainian border. Overall, crypto markets are up close to 5% on the day. Bitcoin BTC finally rebounded during Tuesday’s session, as bulls once again re-entered the race to $45,000. Following a low of $41,928.19 yesterday,…
There’s bad blood between the crypto and gaming communities—and the situation is getting worse. As more studios propose introducing NFTs and other crypto elements, gamers are lashing out like never before. Is there any way to smooth things over? Amy Wu thinks so. A prominent investor in gaming startups, Wu recently jumped from Lightspeed Ventures to FTX to lead the…
Continuing its goal to pursue a spot within the crypto industry, Mastercard recently announced that the firm is expanding its consulting business with practices that are dedicated to crypto. In the announcement, Mastercard’s Data & Services President Raj Seshadri says that the financial institution will continue to help clients navigate the ever-changing world of finance, and help them identify challenges…
The 2022 Winter Olympics, officially called the XXIV Olympic Winter Games, kicked off on Feb. 4 in Beijing with crypto being a major part of the event, partly because of the Chinese government’s digital currency ambitions. The cryptocurrency community hasn’t had strong ties to the Olympics over the last few years. The last major headline-grabbing interaction was when the Dogecoin…
press release PRESS RELEASE. LONDON, February 15, 2022 – Independent video game studio and publisher Utopian Game Labs, has teamed up with alphabit fund, the crypto asset fund advancing the overall development of the sector by investing in the world’s most innovative blockchain projects, to bring you Time Raiders, a fast-paced shoot and loot NFT game in which players travel…
LooksRare, a nonfungible token (NFT) marketplace touted to be the OpenSea killer, became the talk of the NFT world after the team behind the project cashed out millions in Ether (ETH). The NFT marketplace confirmed that the core team has cashed out 10,500 WETH estimated to be worth $30 million from the unattributed staked native token LOOKS. The native token…
