While the crypto economy shed billions this week, the total value locked (TVL) in decentralized finance protocols slipped under the $200 billion range to $196.6 billion. The TVL in defi lost roughly 3.16% during the last day, and the $592 billion in smart contract protocol tokens dropped in value by 3.5% over the last 24 hours. Defi TVL Slips Below…
The ongoing battle between game developers and the crypto world appears to have escalated as developers connected to Minecraft and other gaming platforms launched an online guide and corresponding pledge to raise awareness of the putative dangers of NFTs and cryptocurrencies. On Monday, Climate Replay, a group that includes a number of developers from Minecraft maker Mojang Studios, asked developers…
Brother Bing was in Amsterdam for the past two weeks at Devconnect and ETHAmsterdam. The waffles were good, if you like that sort of thing, but these trendy upstart waffles don’t compete with the original da bing pancake stack, which was invented around 2,000 years ago. Fried dough aside, here’s what your benevolent and loving crypto gossip correspondent was able…
On Saturday, the creators of Bored Ape Yacht Club (BAYC), Yuga Labs, revealed the Otherside metaverse virtual land sale which turned out to be one of the largest non-fungible token (NFT) mints to date. The Otherside metaverse virtual land sale raised close to $320 million by selling 55,000 parcels of Otherside land. Otherside Metaverse Sees $320 Million Raised, Ether Fees…
Solana went dark for nearly seven hours on Saturday—roughly 4:30 p.m. to 11 p.m. EST—after bots appear to have swarmed Candy Machine, an NFT minting tool. The crash, according to a tweet from Metaplex, was “partially due to botting on the Metaplex Candy Machine program. To combat this, we have merged and will soon deploy a botting penalty to the…
Listen to various Bitcoin critics for long enough and you’ll inevitably hear the argument that Bitcoin can’t possibly succeed because it doesn’t have any intrinsic value. You can’t hold a bitcoin in your hand, you can’t wear it, you can’t do anything with it besides trade it to someone else. Gold bugs love to point out that unlike bitcoin, gold…
On April 26, the State of New York put itself at the forefront of the regulatory struggle with crypto, as its Assembly voted for a two-year moratorium on crypto mining operations that use energy generated by fossil-fuel power plants. Depending on how one looks at it, this development could either signal a new alarming legislative trend or a trigger that…
We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and throw in a few random zingers to keep them on their toes! This week, our 6 Questions go to Dawn Newton, co-founder and chief operating officer of Netki — a remote digital identity verification technology provider intended to facilitate compliance with KYC/AML…
Sam Bankman-Fried relocated his crypto company FTX from Hong Kong to the Bahamas in September, and this week he flexed his influence by bringing 2,000 people to the island nation for a four-day business conference. The event was hosted in partnership with Anthony Scaramucci’s SALT, and attracted oodles of Wall Street tradfi types who have decided it’s time to look…
Eurozone’s monetary authority, the Eurosystem, is looking to enlist financial companies willing to develop front-end solutions for the digital euro. The plan is to carry out a “prototyping exercise” this year to test transactions to the back-end developed by the regulator. Eurosystem to Select Front-End Providers for Digital Euro Project Within the ongoing investigation into the possible issuance of a…
