The internet content subscription service Onlyfans has announced the launch of a feature that leverages non-fungible token (NFT) technology. The newly-added feature, introduced on Thursday, gives Onlyfans members the ability to display authenticated NFTs as their profile pictures. Onlyfans Steps Into the Realm of NFTs The London-based content subscription service Onlyfans is well known for its direct funding for content…
Welcome to the latest edition of Cointelegraph’s decentralized finance newsletter. As the DeFi space continues its technical resurgence, essential news on funding, innovation and DAOs continues to drive adoption in what remains a nascent industry. For the full version of this newsletter including longer, more descriptive analysis of the top stories this week, subscribe below: Alchemy raises $200M in latest…
Polygon (MATIC) has dropped by more than 40% from its record high of $2.92, established on Dec. 27, 2021. But if a classic technical indicator is to be believed, the token has more room to drop in the sessions ahead. MATIC price chart painting classic bearish pattern MATIC’s recent rollover from bullish to bearish, followed by a rebound to the…
The California-based technology company and the world’s largest semiconductor chip manufacturer by revenue, Intel, has revealed the company will “contribute to the development of blockchain technologies” by offering “energy-efficient accelerators.” Intel executive Raja M. Koduri explained that the company expects its circuit innovations will deliver “1000x better performance per watt” than today’s GPU or SHA256-based mining equipment. Intel to Engage…
Decrypting DeFi is Decrypt’s DeFi email newsletter. (art: Grant Kempster) Wormhole, a protocol that allows users to transfer crypto assets across blockchain networks, was exploited for $320 million last week. The breach was specifically related to how the cross-chain bridge was connected to Solana (though it can connect between a ton of other blockchains). Whenever users want to move, say,…
When Gavin Wood co-founded Ethereum, he stated that it would “allow people to interact in mutually beneficial ways without anyone needing to trust each other.” In theory, such a platform would pave the way for Web3, characterized by decentralized or distributed network architectures, that would lay the groundwork for a truly open internet where we would not have to blindly…
Chris Kuiper, Head of Research at Fidelity Digital Assets, is convinced that Bitcoin (BTC) should be treated separately from other digital assets and believes it plays an exclusive role in investors’ portfolios. Fidelity Digital Assets’ latest report, titled Bitcoin First, targets two main concerns that Fidelity’s clients have raised towards BTC — eventually being replaced by some other cryptocurrencies and lower…
A 4.5% drop in crypto’s global market capitalization over the last 24 hours means that every top 30 cryptocurrency was down from Friday, despite the fact market leaders Bitcoin and Ethereum both posted double-digit overnight gains this week on multiple occasions. Bitcoin is one of the few cryptocurrencies in the green since last Saturday, trading at $42,327 at the time…
Law enforcement in Russia has blocked major sites on the dark web, including a carding market leader. The platforms have been seized amid ongoing investigations into hacking groups, with Russian authorities ramping up efforts to dismantle the cybercrime rings and detain their members. Interior Ministry of Russia Hits Stolen Credit Cards Market The Ministry of Internal Affairs of the Russian…
For Venezuela, 2021 has been a year of considerable changes at the microeconomic level, where even more than in 2020, the results of powerful catalysts for change such as COVID-19 were clearly visible. In a more dynamic economy with a higher volume of operations with foreign currencies, cryptocurrencies played a key role during this year for the South American country. …
