In brief The NFT market produced almost $950 million worth of trading volume in September, DappRadar reports—a modest increase over August’s total. Solana NFT sales nearly doubled in September thanks to high-profile projects. Amid the ongoing crypto market downturn, overall NFT sales volume remained largely flat in September. But while overall volume appears stagnant, individual NFT sales are keeping pace,…
Decentralized knowledge protocol Golden has closed a $40 million funding round led by venture firm Andreessen Horowitz, or a16z, with additional participation from Protocol Labs, OpenSea Ventures and the founders of Solana, Dropbox, Postmates and Twitch, among others. In addition to leading the Series B funding round, Andreessen Horowitz’s general partner Ali Yahya will join Golden’s board alongside a16z cofounder…
Officials with the United States Financial Stability Oversight Council, or FSOC, have recommended U.S. lawmakers pass legislation to determine which “rulemaking authority” will be responsible for regulating parts of the crypto spot market. In an Oct. 3 meeting of the FSOC, Jonathan Rose, a senior economist at the Federal Reserve Bank of Chicago, said the FSOC had released a report…
Synthetix Founder Kain Warwick: Regulation Will Fork DeFi Projects Into Two Camps Synthetix founder Kain Warwick joins Decrypt’s Dan Roberts and Liam Kelly in our Decrypting Mainnet series at Mainnet 2022 to give his views on regulation and the SEC, how DeFi projects will split between compliant and non-compliant and that it’s “ideologically confusing” but “not necessarily a bad thing.”…
How DeFi Chain Is ‘Bringing DeFi Back to Bitcoin’: DeFi Chain Accelerator Founder Santiago Sabater, founder of DeFi Chain Accelerator, joins Decrypt’s Dan Roberts in our Decrypting Mainnet series at Mainnet 2022 to talk about how DeFi Chain supports smart contracts on a proof-of-stake fork of the Bitcoin blockchain. Source: https://decrypt.co/videos/live-events/j9RSTChj/how-defi-chain-is-bringing-defi-back-to-bitcoin-defi-chain-accelerator-founder
How Gitcoin Has Given Millions of Dollars in Crypto to Worthy Projects: Azeem Khan at Mainnet 2022 Gitcoin’s fundraising and partnerships lead Azeem Khan tells Decrypt’s Andrew Hayward and Liam Kelly in our Decrypting Mainnet series at Mainnet 2022 about how Gitcoin grants work, the importance of community voting, and continuing to give out grants even through the bear market.…
Polygon co-founder Mihailo Bjelic joins Decrypt’s Dan Roberts in our Decrypting Mainnet series at Mainnet 2022 to talk about what’s being built on Near’s blockchain, real-life use cases for DeFi including Sweatcoin, Source: https://decrypt.co/videos/live-events/oGkXwXf3/why-near-founder-illia-polosukhin-is-bullish-on-sweatcoin-and-other-social-dapps
NYDIG (New York Digital Investment Group) has raised $720 million for its Institutional Bitcoin Fund, as revealed in an SEC filing published last week. A total of 59 unnamed investors have contributed to NYDIG’s Bitcoin Fund. The filing doesn’t specify when the firm is planning to complete the purchase, however. The document further states that the U.S. Securities and Exchange…
In brief An official Moonbirds DAO is planned to launch in early 2023, Moonbirds creator Proof announced today. Proof plans to seed the DAO with $2.6 million worth of crypto funds and NFTs. Popular Ethereum NFT project Moonbirds will adopt community governance through a DAO—or decentralized autonomous organization—set to launch in early 2023, project creator Proof announced today. Proof, which…
On Monday, the chief technology officer of Tether Holdings Limited, Paolo Ardoino, explained that U.S. Treasury bills represent more than 58% of the company’s reserves. The announcement follows Tether hiring the accounting firm BDO Italia and the stablecoin issuer’s quarterly attestation, which had shown a decrease in commercial paper holdings. Tether’s Commercial Paper Holdings Shrank to Less Than $50 Million…
