Tiffany & Co., one of the most prominent names in luxury goods for over a century, is launching a series of NFTs. The jeweler hinted at its upcoming sale, set to begin August 5, by tweeting out a video of a pixelated grid revealing: NFTiff. The tweet also specified a price of 30 Ethereum (just over $51,000 at today’s price).…
Bitcoin (BTC) has made a strong comeback in the month of July and is on track for its best monthly gains since October 2021. The sharp recovery in Bitcoin and several altcoins pushed the Crypto Fear and Greed Index to 42/100 on July 30, its highest level since April 6. Investors seem to be making the most of the depressed…
While there’s 50 days left until the week of September 19, the crypto community has been discussing whether or not Ethereum developers will delay the penciled-in date for The Merge. Moreover, on July 27, the crypto hedge fund Galois Capital published a survey on Twitter that indicates more than 33% of the survey’s respondents think Ethereum could split in two…
Meta’s attempt at cornering the metaverse will “misfire” largely because nobody can come up with what the term actually means, according to Ethereum creator Vitalik Buterin. In a Twitter thread discussing how the metaverse might look, he said corporate projects currently underway don’t look promising, and he specifically criticized Meta, the tech giant founded and run by Mark Zuckerberg, using…
On July 29, the U.S. Bureau of Economic Analysis reported on America’s personal consumption expenditures (PCE) price index for the month of June, and the figure saw the largest 12-month increase since 1982. On the same day, Stanford University’s senior fellow at the Hoover Institution and professor of economics, John Cochrane, said the Federal Reserve should increase rates above 9%…
An overwhelming majority of Aave DAO voters have approved creating a new stablecoin. The proposal, submitted by Aave Companies, was backed by 99.9% of voters, who pledged half a million AAVE in approving the measure to create GHO, a stablecoin that will be backed by collateral consisting of other cryptocurrencies. Aave is a decentralized, non-custodial market protocol that enables users…
Illustration by Mitchell Preffer for Decrypt Leading cryptocurrencies gained in value this week despite the U.S. Federal Reserve’s announcement on Wednesday that interest rates will be raised by an additional 75 basis points to combat inflation. Typically, announcements like this are detrimental to crypto markets. Last month, the Fed raised rates by 75 basis points in the steepest hike since…
While ethereum prices jumped 61% higher during the last 30 days, the crypto asset’s U.S. dollar value is still down more than 60% lower than ether’s all-time high recorded nine months ago. Amid the market downturn, the network’s average fees have been lower than $5 per transaction and on July 30, at 9 p.m. (ET), the average fee was roughly…
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 Kim Hamilton Duffy, director of identity and standards at Centre Consortium — an open-source technology project designed to create a more inclusive global…
BRICS nations have revealed they’re “creating an international reserve currency” analysts believe is meant to challenge the U.S. dollar and the International Monetary Fund’s Special Drawing Rights (SDR) currency. Further, Donald Trump warns of a depression in the U.S., Rich Dad Poor Dad author Robert Kiyosaki says we’re in for the “biggest bond crash” in over 200 years, and FTX…
