On Oct 24, European cryptocurrency investment firm Coinshare published its Digital Asset Fund Flows Report, which revealed that digital asset investment products saw $5 million worth of cumulative outflows last week, in a continuation of what it calls an “apathetic period” that began in September 2022. Most notably, investment product volumes dropped to $758 million during the week, the lowest…
This is an opinion editorial by Zack Voell, a bitcoin mining and markets researcher. For most of Bitcoin’s short history, discussions over how much energy the global network uses to process and record transactions has been a recurring talking point. But today, the conversation is reaching new levels of intensity as credentialed adversaries posturing as being environmentally conscious pile on…
At an event in London today, smartphone manufacturer Vertu revealed its latest device, Metavertu—a “Web3 phone” that can run its own blockchain node and turn photos and videos into NFTs with a single click. The device itself is unapologetically aimed at the higher end of the market. All models sport a ceramic frame and Vertu’s signature sapphire glass screen, powered…
According to data provided by Polygon and Dune Analytics, the trading volume of Reddit nonfungible token (NFT) avatar collection has eclipsed $1.5 million in the past 24 hours. The increase represents over one-third of the collection’s cumulative trading volume of $4.1 million since launch. At the same time, Reddit NFTs’ daily sales volume also witnessed a new all-time high of…
Amid the economic uncertainty affecting a myriad of countries worldwide, Bank of America Securities market strategists explained in a note this week that the leading crypto asset bitcoin has been correlated with the well known precious metal gold. Bank of America analysts Alkesh Shah and Andrew Moss noted “that investors may view bitcoin as a relative safe haven as macro…
Hackers attacked decentralized exchange (DEX) QuickSwap today, making away with $220,000 in a flash loan exploit. The DEX said Monday that it had closed QuickSwap Lend, its lending protocol, following the exploit. It added that the only platform hit by an exploit was its Market XYZ lending market. Users also didn’t lose any funds, according to the DEX. Flash loans,…
This is an opinion editorial by Keiko Yoshino, a public policy attorney and lobbyist who advocates for blockchain-friendly laws in Puerto Rico, and the executive director of the Puerto Rico Blockchain Trade Association. By September 18, Hurricane Fiona had poured over 30 inches of rain on Puerto Rico within 72 hours, almost as much rain as Seattle gets in an…
Rishi Sunak is set to become prime minister of the United Kingdom within days. Sunak was defeated for the top government post by Liz Truss on Sept. 5, but she resigned after 45 days in office. Indications so far are that his selection for the office is good news for the crypto industry. Sunak was chancellor of the exchequer, or…
Aave has launched a Lido Staked Ethereum, or stETH, earn strategy through Oasis.app, the frontend for borrowing DAI, MakerDAO’s stablecoin. The new strategy will allow users to borrow Ethereum, or ETH, against their stETH. It’s always been possible to do that by first depositing ETH and borrowing stETH from the Lido protocol, then going to another platform, like Aave, to…
The Tel Aviv Stock Exchange (TASE) disclosed on Oct. 24 the creation of a blockchain-based platform to expand its trading services to cryptocurrencies and other digital assets as part of the new strategic plan for the years 2023 to 2027. The exchange stated about its venture into crypto and the creation of a digital asset platform: “TASE will promote the…
