Big business is an extension of the state. Governments control businesses and their customers, and their weapon of choice is legislation. The resulting regulations are so broad and arbitrary that the government can harass businesses until they comply like a mafia protection racket. And given the abundant pettiness of bureaucrats, the rules can be as pointless as a reality TV…
As told by Bored Ape Yacht Club (BAYC) developers on Monday, hackers breached the popular nonfungible token, or NFT, collection’s official Instagram page and shared links to a fake airdrop with the project’s followers. Crypto enthusiasts who connected their MetaMask wallets to the scam website were subsequently drained of their Ape NFTs. It appears that the attack was planned to…
Spring is here and with it came a new found awakening for nonfungible tokens (NFTs). In the last week of March, total sales volume rallied to $20 billion, but this metric took a dive from mid April to $17.6 billion. However, on April 16, the newly landed Moonbirds NFT, pumped over $280 million worth of liquidity into the market and…
The crypto firm Blockchain.com has revealed it has secured up to $100 million in liquidity from Truefi’s single-borrower pool. The pool will be initially capped at $100 million over the first year and Blockchain.com aims to use the funds to bolster its own “liquidity pools, leverage trading support, and book of lending services.” Blockchain.com Leverages Truefi’s Single Borrower Pool The…
European Central Bank executive board member Fabio Panetta said lawmakers across the world must decide how to regulate cryptocurrencies based on potential risks. In a written statement for a speech to Columbia University on Monday, Panetta said global policymakers had made some progress in addressing regulatory frameworks on digital assets, but “not swiftly enough to keep pace with the emerging…
DOGE rallied on Monday, as traders reacted to the news that Elon Musk was possibly nearing a takeover of Twitter. While DOGE surged, AXS and WAVES were also big movers, however they were mainly in the red, as recent losses extended. Dogecoin (DOGE) DOGE was trading higher to start the week, as markets reacted to the news that Elon Musk’s…
Ethereum is all about re-imagining how the internet works. Buying things, building apps, storing records: Ethereum wants to change all of that. Our super simple guide will help you understand Ethereum’s big idea and the role Ether plays in that vision. What is Ethereum? If Bitcoin is the floppy disk of blockchain, Ethereum is the CD: it’s an evolution of…
In brief OpenSea has acquired Gem, an NFT marketplace aggregator service. Gem enables batch purchases across multiple marketplaces. Some of its features will be integrated into OpenSea. Gem, an Ethereum NFT marketplace aggregator that lets collectors buy assets in bulk across multiple platforms, has been acquired by OpenSea—the top NFT marketplace by trading volume. OpenSea announced the move this morning,…
The Fort Worth City Council may begin mining Bitcoin on loaner rigs from the Texas Blockchain Council. The vote, scheduled for tomorrow, would officially declare the city “crypto-friendly” and set up a six-month Bitcoin mining pilot program using three mining rigs donated by the Texas Blockchain Council, according to the resolution. It did not specify what kind of machines the…
Bitcoin (BTC) saw a classic “fakeout” move on April 25 as volatility kept traders firmly on edge. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Traders stay gloomy on BTC outlook Data from Cointelegraph Markets Pro and TradingView showed BTC/USD briefly climbing almost $1,000 as Monday’s Wall Street trading session began. The move was short-lived, the pair coming back down to where…
