China is back among the countries with the highest level of bitcoin and cryptocurrency adoption in the world.The findings come from a new Chainalysis report that details the adoption levels of bitcoin and cryptocurrencies per country.Vietnam leads the world in overall adoption, while India has the highest number of centralized purchases. Blockchain analytics firm Chainalysis has released its 2022 Global…
Decentralized finance (DeFi) has been one of the fastest-growing sectors in the crypto space since its emergence in 2018. However, like many other sectors, DeFi has seen a negative impact in the current bear market. While 2022’s downturn has taken its toll many DeFi projects — and the cryptocurrency space in general — some continue to build. Bear markets, while…
Infinity Exchange, a new platform providing institutional grade capital efficiency in decentralized finance (DeFi), announced a $4.2 million seed found in a bid to boost institutional adoption for DeFi. Infinity Exchange is led by ex-Morgan Stanley executive Kevin Lepsoe, who left the world of traditional finance with sights set on the possibilities provided for investors through DeFi. However, the founder…
The founder of Rentable, the non-fungible token (NFT) protocol that lets users rent out their jpegs, announced today that the protocol will be shutting down after failing to find “product market fit.” While withdrawals are still possible, rentals are now disabled, and users have until October 13 to finish withdrawals. After that date, the protocol will launch emergency withdrawals and…
Cryptocurrency prices plunged in today’s session, as markets reacted to the latest U.S. inflation report. Bitcoin fell by over $2,000 in the last 24 hours, as consumer prices fell by less than expected in the United States. Ethereum was also in the red, as the token dropped below $1,600. Bitcoin Bitcoin (BTC) was trading lower in today’s session, as markets…
Decrypt-O’s Ep. 2: Who Cares About the Ethereum Merge? The Ethereum merge will happen this week. In this serving of Decrypt-O’s, Kate Irwin explains the Bellatrix upgrade and the shadow fork, Dan Roberts predicts the impact Ethereum’s move to proof of stake will have on Bitcoin‘s energy use PR problem, and Sander Lutz hits the street in Hollyweird to ask…
A blockchain firm founded in 2012 is making its shares available for trading on a blockchain-based alternative trading platform for capital markets. XY Labs, the blockchain company behind the XYO protocol, has announced that its Class A Common stock started trading on tZERO ATS, the alternative trading system subsidiary of the stock broker tZERO Group. According to the blockchain oracle…
The Ethereum Merge is set to be one of the biggest events in the cryptocurrency industry, potentially affecting many related firms and services, and Ethereum-based exchange-traded products (ETPs) are no exception. ETC Group, a major European crypto ETP issuer, has decided to expand its current Ethereum ETP offering by launching one more Ethereum investment product. The new ETP is based…
The William S. Paley Foundation will auction off at least $70 million in art masterpieces this fall to expand the digital footprint of the Museum of Modern Art (MoMA) in New York and possibly acquire the museum’s first NFTs. MoMA has been caring for William S. Paley’s collection since the CBS co-founder died in 1990. Paley’s namesake foundation, which holds…
Analysts from JPMorgan believe that the metaverse gaming market could explode in China even with the current state of regulation, which presents certain difficulties for adoption. Companies like Tencent, Netease, and Bilibili are JPMorgan’s picks when it comes to taking advantage of this potential growth, that at best, might pass the $100 billion mark. JPMorgan Analysts Believe Metaverse Gaming…
