The crypto economy has slipped under the $1 trillion mark to the $970 billion range, as a large number of digital currencies have lost more than half their USD worth since November 2021. Bitcoin is down 70% from the all-time high last year, and a new report from Glassnode Insights calls the current bear market “a bear of historic proportions,”…
Just ahead of a live event during NFT NYC from BeetsDAO and Decrypt, Margaret Link and Keatly Haldeman of Dequency talk to Decrypt EIC Dan Roberts about how their company is using the Algorand blockchain to de-bug the decades-old process of music synchronization rights. Source: https://decrypt.co/videos/live-events/Z1TYIap1/nft-nyc-how-dequency-is-using-blockchain-to-decentralize-music-usage-rights
Russia is turning to blockchain technology in an effort to counteract the economic isolation brought on by the sanctions imposed due to its invasion of Ukraine. Source: https://cointelegraph.com/news/russian-duma-passes-bill-to-remove-vat-lower-income-tax-rates-on-digital-asset-sales
CoinFLEX—one of many crypto trading platforms to freeze customer withdrawals this month—isn’t facing an ordinary liquidity crunch. Rather, CEO Mark Lamb claims there is one man responsible for the platform’s financial woes, and the reason it now seeks to raise $47 million in token sale to pay off its debt: the longtime Bitcoin evangelist turned Bitcoin Cash promoter, Roger Ver. …
White Rock Management, a cryptocurrency mining company based in Switzerland, said it will be expanding its operations to the United States, starting with Texas. In a Tuesday announcement, White Rock said it will be partnering with Natural Gas Onsite Neutralization, or NGON, a company that captures natural gas that would otherwise be burned and converts it to energy for use…
Cryptocurrency storage firm Anchorage Digital today announced the launch of an Ethereum staking service for institutions, which will be able to earn rewards linked to the second-biggest digital asset by market cap. Institutions can now stake #ETH with @Anchorage. Learn what institutions need to know about the ETH upgrades, why they should stake ETH & how they can collect rewards…
This is an opinion editorial by Leon Wankum, one of the first financial economics students to write a thesis about Bitcoin in 2015. As I walk through the ruins of Machu Picchu, an Incan citadel built in the heights of the Andes Mountains in Peru and dating back to sometime around 1450, I see the magnificent remains of buildings and…
A Twitter account has accused the Bulgarian co-founders of the Swiss-based cryptocurrency lender Nexo of misappropriating funds from a charity platform. The company has rejected the allegations in the anonymous attack, which comes after Nexo offered a buyout deal to troubled rival Celsius. Anonymous Allegations Against Co-Founders Circulated on Social Media A Twitter user going by the handle @otteroooo has…
With rumors of insolvency flying high among crypto firms such as Celsius and Three Arrows Capital, investors couldn’t help but ask a simple question: What happened to all the funds that were supposedly under “safe custody?” As it turns out, a small fraction of crypto firms began leveraged trading with customers’ deposits to deliver promised high APY returns on supposedly…
In brief The bridge that connects NFT game Axie Infinity’s Ronin sidechain to the Ethereum mainnet is back online. It was taken down in late March after $622 million worth of crypto assets (at the time of disclosure) were stolen through an exploit. Axie Infinity, the most successful NFT-based video game in terms of total trading volume, suffered one of…
