The below is a direct excerpt of Marty’s Bent Issue #1337: “Ignore the unproductive central planners.” Sign up for the newsletter here. (Source) The unproductive class is doing its best to ruin the global economy. This class is made up of politicians, bureaucrats and central bankers that have been enabled by a global administrative state expanding at an ever-increasing pace…
GameStop’s new NFT marketplace took home roughly $44,500 from transaction fees in the first 24 hours after it launched via a public beta on Monday. GameStop NFT reportedly generated around $1.98 million worth of NFT sales on its first full day of business. As the platform charges a 2.25% fee on NFT sales, this equates to roughly $44,500 worth of…
GameStop’s new Ethereum-based NFT marketplace has been live in beta for a little over 48 hours. It isn’t even offering gaming NFTs yet, which will be the marketplace’s planned core offering. Even so, the video game retailer’s new platform has already seen nearly twice the all-time trading volume of Coinbase’s NFT marketplace, which has been open since May. Since Monday’s…
This is an opinion editorial by Michael Rhee, the founder of Wavlake and a contributor at Bitcoin Magazine. Everyone loves keeping score. From likes and mentions on social media to airline miles and Starbucks Rewards, points tell us exactly where we stand in the commercial world. On social media platforms, they can mean more eyeballs and a feeling of validation.…
Swiss post office’s banking unit, the state-owned Postfinance, is reportedly preparing to enter the crypto market. “Our clients want direct access to this market through their house bank.” Swiss Post Office’s Banking Arm to Enter Crypto Market The banking and financial services arm of Swiss Post, the state-owned enterprise responsible for Switzerland’s postal and other essential public infrastructure services, is…
Crypto lending platform Celsius confirmed on July 13 that it has initiated Chapter 11 bankruptcy proceedings in the Southern District Court of New York. The announcement was shared on the company’s Twitter and shared with account holders via email on July 13, with a vow to “emerge from Chapter 11 positioned for success in the cryptocurrency industry.” According to Investopedia,…
This is an opinion editorial by Dan, cohost of the Blue Collar Bitcoin Podcast. A Preliminary Note To The Reader: This was originally written as one essay that has since been divided into three parts. Each section covers distinctive concepts, but the overarching thesis relies on the three sections in totality. Part 1 worked to highlight why the current fiat…
After weeks of speculation and rumors, lawyers representing crypto lending platform Celsius have officially notified regulators the company is filing for Chapter 11 bankruptcy protection. “This is the right decision for our community and company,” Celsius Co-Founder & CEO Alex Mashinsky said in a press release posted late Wednesday. “We have a strong and experienced team in place to lead…
European Securities and Markets Authority (ESMA) Chair Verena Ross says that the crypto market crash should be a “cautionary lesson” for investors. She noted that there is a “real question” about whether many crypto assets will survive. ESMA Chair on Crypto Risks and Regulation Verena Ross, chair of the European Securities and Markets Authority (ESMA), has cautioned investors about cryptocurrency…
The Walt Disney Company hasn’t yet made any crypto play of its own. But now it has multiple crypto companies in its accelerator program. Disney announced the 2022 participants of its accelerator program on Wednesday, and leading Web3 company Polygon is among them. “Raise your hand if you remember your first Disney experience like yesterday,” the Polygon account tweeted along with a link to the official…
