In brief The community-led V1 CryptoPunks NFT project has launched its own marketplace powered by Rarible. The V1 Punks are based on Larva Labs’ original CryptoPunks NFTs, which were discarded and replaced due to buggy code. When Larva Labs first created the now-iconic CryptoPunks back in 2017, the first batch of Ethereum NFTs was made with buggy code. So they…
In this excerpt from Bitcoin Magazine Pro, we will take a more in-depth look at the redemption mechanism of USDT, and cover why the concerns about the stablecoin and the apparent risks it presents to the bitcoin/cryptocurrency ecosystem. Before digging in, it should be said that the advent of bitcoin on a long enough timeframe obfuscates the need for a…
Three members of Terraform Labs’ legal team have left the company, according to their Linkedin profiles that show their departure from the firm this month. The resignation of the company’s in-house litigation, regulatory, general, and corporate counsel members follow the project’s fallout last week as the blockchain’s native crypto assets dropped significantly in value. Linkedin Profiles Show 3 Legal Counsel…
Aave (AAVE) has announced a new project called the Lens Protocol that focuses on helping developers build social networking decentralized applications (DApps) on the Polygon blockchain. Apart from social media DApps, the liquidity market protocol creators aim to use nonfungible token (NFT) technology along with Lens’ open-source blockchain tech to allow developers to create marketplaces, recommendation algorithms and other applications.…
Tesla CEO Elon Musk didn’t rule out that should he proceed with his Twitter acquisition, the social media platform could become sort of a super app similar to the Chinese WeChat that would also support payments. Speaking at a panel hosted by Chamath Palihapitiya, Jason Calacanis, David Sacks, and David Friedberg for their “All-In” podcast, Musk agreed that WeChat is…
Currently, trialogue for the Markets in Crypto Assets (MiCA) and Transfer of Funds (TFR) regulations is underway in the European Commission, the European Parliament and the Council of Ministers, which will be concluded in a few weeks. If adopted, the TFR would, according to experts, impose a vast financial surveillance regime on the European decentralized finance (DeFi), nonfungible token (NFT)…
Terraform Labs founder and CEO Do Kwon and co-founder Daniel Shin could soon be facing lawsuits and property seizures in the aftermath of the Terra meltdown last week. LKB & Partners law firm told South Korean newspaper Munhwa Ilbo that it will file the lawsuit against Kwon next week. The Capital Markets and Intellectual Property law teams are also preparing…
While some people believe in the long-term potential of cryptocurrency, others are hesitant to put money in because of different concerns. A recent study conducted by Coupon Follow found out that the majority of people who haven’t invested in cryptocurrency cite worries such as volatile value and restricted applications, environmental impact, as well as regulatory concerns. Search interest for “should…
From Justin Kan’s Fractal to Kevin Lin’s Metatheory, former Twitch executives are continuing to make a splash in Web3. Now, James Kuk—previously Twitch’s global head of business development and strategic partnerships—is ready to take his Web3 gaming platform FreshCut to the next level. With $15 million in new funding in a round led by Galaxy Interactive, Animoca Brands, and Republic…
NFL player Alex Barrett of the San Francisco 49ers is now taking 100% of his paycheck in bitcoin.Barrett signed up with Bitwage, a bitcoin payroll service provider that lets anyone get paid in BTC.Bitwage does not need employers to participate in their system to get paid in bitcoin and is open for anyone to sign up. Alex Barrett, defensive lineman…
