Decrypt on the Street: Chipotle Says ‘Buy the Dip!’ In our latest Decrypt on the Street segment, reporter Sander Lutz investigates Chipotle’s recent crypto marketing campaign and talks to Chipotle customers about their sadness amid the crypto crash. Sander himself entered the contest hoping to get rich; instead he got a single cup of queso dip. Source: https://decrypt.co/videos/decryptos/UuV8fd5O/decrypt-on-the-street-chipotle-says-buy-the-dip
One of the industry’s largest crypto mining companies, HIVE Blockchain, announced today that it hit record crypto mining production figures throughout August. The crypto miner claims to have unlocked an average crypto haul of approximately 9.4 Bitcoin (~$187,500) and 97 Ethereum (~$161,000) per day. At today’s prices, HIVE claims to be generating almost $350,000 in crypto every day. HIVE says…
press release PRESS RELEASE. MailChimp’s recent decision to suspend newsletter services for crypto businesses expresses the widening chasm between web2 and web3 and the pronounced importance of a robust communications bridge between both realms. In recent weeks, many crypto and NFT projects were abruptly informed by MailChimp – in a matter-of-fact manner – that the risk associated with their account…
The Saudi Arabian central bank has reportedly appointed Mohsen Al Zahrani as the lead of the bank’s virtual assets and digital currency project. The emergence of the United Arab Emirates (UAE) as the regional crypto hub is believed to have forced authorities in Saudi Arabia to consider formally regulating cryptocurrencies. Saudi Arabia’s Changing Position on Crypto According to a report,…
Ethereum co-founder Vitalik Buterin is reminding node operators to upgrade their clients before the Bellatrix “hard fork,” slated for Sept. 6. Buterin said that the scheduled upgrade will be the final update that prepares the Beacon chain (proof-of-stake chain) for the Merge. The merge is still expected to happen around Sep 13-15. What’s happening today is the Bellatrix hard fork,…
Sales of recently launched Reddit blockchain-based avatars are rising on nonfungible token (NFT) marketplace OpenSea, outperforming the platform’s proprietary store. Reddit, the “front page” of the internet, plugged into the burgeoning world of NFTs with the announcement of collectible avatars in July 2022. The avatars became available to users in August and are already generating thousands of dollars in sales…
21.co, the new parent firm of exchange-traded products (ETP) provider 21Shares, has become “Switzerland’s largest crypto unicorn,“ the firm announced on Tuesday. It raised $25 million in a funding round led by London-based hedge fund Marshall Wace. The new funding brings the firm’s valuation to $2 billion. 21.co is designed to unite 21Shares with third-party token provider Amun and other…
Half a year after the military junta in Myanmar revealed its plans to launch a digital currency, the country’s government, ousted in a coup in 2021, voices its own intention to launch one using frozen national funds. In a Sept. 6 interview with Bloomberg, the minister of planning of exiled Myanmar’s National Unity Government, Tin Tun Naing, asked for the “U.S.…
Tesla CEO Elon Musk said yesterday that “90% of [his] comments are bots,” sharing a screenshot of various fake accounts of Binance boss Changpeng Zhao replying to Musk. “Twitter please, I see enough of my boss already,” responded Binance’s official Twitter account. “Can you help so I don’t have to see him 99x more each day?” Zhao joined soon after,…
Ethereum (ETH), the second-largest cryptocurrency by market capitalization, surged 6 % in the last 24 hours and is now trading at $1,660. This makes Ethereum the best performing asset in the market’s top ten, data from CoinMarketCap shows. The latest price action comes ahead of the update to Ethereum’s consensus layer, called Bellatrix. Slated for later today, Bellatrix kicks off…
