There is no denying that nonfungible tokens (NFTs) have taken a hit in recent months. Market conditions have plunged, scams and hacks are frequent, and there is an increasing number of low-quality projects, pushing many to question the value of NFTs and their place in Web3 altogether. Over the last crypto cycle, NFT market conditions have been largely correlated to…
U.S. Senator Elizabeth Warren says she is “very worried” that the Federal Reserve will tip the economy into recession. “There is nothing in raising the interest rates, nothing in Jerome Powell’s tool bag that deals directly with” the causes of inflation, she explained. Senator Elizabeth Warren on Inflation and the Fed Raising Interest Rates U.S. Senator Elizabeth Warren (D-Mass.) discussed…
Ripple Labs General Counsel Stu Alderoty has hit back at a recent opinion piece by Security and Exchange Commission chairman Gary Gensler, arguing that the regulator’s crypto market shakedowns aren’t protecting consumers. In an Aug. 28 opinion piece on the Wall Street Journal (WSJ) titled “The SEC Wants to Be America’s Crypto Cop,” Alderoty claimed the SEC is “pushing aside…
This is an opinion editorial by Andrew Axelrod, a Bitcoin educator and writer. As every charlatan knows, the best kinds of lies have at least a kernel of truth to them. This makes them far easier to slide by. But of course, there’s an altogether different class of lie – an entirely more psychotic kind of lie. This lie is…
The U.S Federal Bureau of Investigation (FBI) has issued a fresh warning for investors in decentralized finance (DeFi) platforms, which have been targeted with $1.6 billion in exploits in 2022. In an Aug. 29 public service announcement on the FBI’s Internet Crime Complaint Center, the agency said the exploits have caused investors to lose money — advising investors to conduct…
Global investment bank Goldman Sachs has urged investors to buy commodities now and worry about a recession later. The firm’s analysts see commodities as “the best asset class to own during a late-cycle phase where demand remains above supply.” Meanwhile, “equities could suffer as inflation stays elevated and the Fed is more likely to surprise on the hawkish side,” Goldman…
The Province of Mendoza in Argentina now supports stablecoins as an option for tax payments, the region’s government announced Saturday. The Mendoza Tax Administration (ATM) is giving its roughly two million residents more online payment options for their taxes in an effort to move toward “modernization and innovation,” according to the government website. In an 11-page document outlining the new…
press release PRESS RELEASE. Jackson, Wyoming (August 29, 2022) – Gala Games, the leading pioneer in web3 entertainment and blockchain gaming, today announced that Spider Tanks, the first Web3 PvP esports brawler, will launch on October 31, 2022 as the debut game on Project GYRI, Gala Games’ proprietary games-first blockchain. In anticipation of the launch, starting today Gala is kicking…
Bored Ape Yacht Club made its worldwide television debut last night at the MTV Video Music Awards in a virtual, metaverse-hosted performance by rap icons Eminem and Snoop Dogg of their song, “From the D 2 the LBC.” Unprecedented as the event was, NFT critics were not impressed, and took to social media en masse to voice their disdain for…
Since the announcement of the Taro protocol by Lightning Labs, the topic of stablecoins issued directly on the Bitcoin blockchain has become the center of conversation again. In reality this is not something new. Tether, the first stablecoin, was originally issued on the Bitcoin blockchain using the Mastercoin (now called Omni) protocol that enabled the issuing of other tokens on…
