The United Kingdom’s reportedly richest living artist, Damien Hirst is set to burn thousands of his paintings as part of a year-long nonfungible token (NFT) project called “The Currency.” Starting in September, visitors to Hirst’s private London museum will be able to view some of his 10,000 oil paintings depicting unique dots he created in 2016 and linked to NFTs in…
sponsored A crypto winter has come. With BitCoin (BTC) falling over 70% from its all time high along with Ethereum, and a steady drumbeat of news involving crypto-related funds, companies, and projects collapsing, it is clear that the last round of cryptomania has come to a close. Even juggernauts of GameFi such as Axie Infinity (and its AXS coin) have…
The Fed’s attempts to reel inflation in by increasing interest rates are usually associated with a pullback of investment activity across markets. Source: https://cointelegraph.com/news/bullish-rate-hike-why-crypto-spiked-today-in-the-face-of-bad-news
Roughly six years ago in July 2016, an Ethereum hard fork was used to address the infamous DAO hack. This specific fork saw the chain split into two factions, and a new crypto asset called ethereum classic was introduced to the crypto community. For years now both chains have co-existed using the same proof-of-work (PoW) consensus algorithm, and with The…
This is an opinion editorial by Gabriel Vazquez, a contributor for Bitcoin Magazine. Bitcoin Maximalism is perceived by many as a “toxic” trait, a brand of culture war waged by veteran holders, OGs and whales who will do anything to pump their bags. In this brief piece, I explain how this couldn’t be further from the truth. I cover my…
Meta’s virtual reality (VR) and metaverse division Reality Labs has posted its seventh straight quarter of losses, but CEO Mark Zuckerberg remains steadfast in investing in the technology, which he calls a “massive opportunity. During Meta’s Q2 earnings call on July 27, Zuckerberg acknowledged that such losses could continue for several more years until VR applications and its Metaverse platform…
IMF Director Tobias Adrian believes uncollateralized and algorithmically-stabilized stablecoins pose too great a threat to holders and may experience further sell-offs. Source: https://cointelegraph.com/news/pain-ahead-for-algorithmic-and-non-cash-backed-stablecoins-imf-director
As global authorities continue to wrestle with how to regulate cryptocurrencies, the U.K. Law Commission on Thursday proposed changes to clarify how property laws apply to digital assets in England and Wales. The 57-year-old commission says digital assets like crypto tokens and non-fungible tokens—unique blockchain tokens that signify ownership that are better known as NFTs—play an increasingly important role in…
Ripple’s chief executive has shared his views on possible outcomes of the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) over the sale of xrp, which the regulator claims to be an unregistered securities offering. Ripple’s CEO Discusses Implications of SEC Winning the Lawsuit Ripple CEO Brad Garlinghouse discussed the lawsuit brought by the U.S. Securities and Exchange…
An investigation reportedly launched by the Securities and Exchange Commission (SEC) into Coinbase’s alleged trading of unregistered securities could have a “serious and chilling effect” on crypto exchanges and token projects, according to a legal expert. Michael Bacina, an Australian digital assets lawyer with Piper Alderman told Cointelegraph that the impact on exchanges and projects may occur whether or not…
