At least one major Hollywood studio is looking to pivot its home entertainment business from DVD collections to NFTs. Warner Bros. is releasing NFTs for its iconic 2001 film “Lord of the Rings: Fellowship of the Ring,” the studio announced Thursday. The NFTs effectively function as an all-in-one digital experience and each include a 4K copy of the film, hours…
Celestia Foundation announced on Oct. 18 that it had raised $55 million in a funding round led by Bain Capital Crypto, Polychain Capital, Placeholder, Galaxy, Delphi Digital, Blockchain Capital, NFX, Protocol Labs, Figment, Maven 11, Spartan Group, FTX Ventures, Jump Crypto, and angel investors; Balaji Srinivasan, Eric Wall, and Jutta Steiner. Celestia is building a modular blockchain architecture with the…
According to a new report by crypto data aggregator Token Terminal, approximately 50% of exploits in decentralized finance, or DeFi, occur on cross-chain bridges. In two years’ time, more than $2.5 billion have been stolen by hackers from exploiting vulnerabilities on cross-chain bridges. The amount is enormous comparison to other security breaches, such as DeFi lending hacks ($718 million) and…
Another day, another NFT marketplace. VC-backed marketplace Blur launched Wednesday, promising new users free crypto in the form of an airdropped gift which contains an undisclosed amount of BLUR tokens. If you’ve traded an NFT within the past six months, you may be eligible for the free airdrop—but you won’t be able to open the airdrop and access your gift…
This article is the core story in Bitcoin Magazine’s “The Orange Party Issue”. Click here to subscribe now. A PDF pamphlet of this article is available for download. “The utility of the exchanges made possible by Bitcoin will far exceed the cost of electricity used. Not having Bitcoin would be the net waste.” –Satoshi Nakamoto No Free Lunch Those who decry…
Last year, when the non-fungible token (NFT) industry was frothing over, the 137-year-old playing card manufacturer Bicycle issued NFTs called the Genesis Collection and in June, Bicycle purchased Bored Ape Yacht Club #1,227. Bicycle and parent company Cartamundi Group announced on Tuesday that the playing card firm plans to launch a classic Bicycle card deck featuring the company’s Bored Ape.…
The Financial Sector Conduct Authority (FSCA), South Africa’s financial regulator, published a notice Oct. 19 indicating that the country’s 2002 Financial Advisory and Financial Intermediary Services Act (FAIS) has been updated to include a definition of crypto assets. A decision of this type has been expected for several months. It brings crypto assets under regulation in South Africa for the…
gm: Meet the Bored Apes Bored Ape Yacht Club co-founders Wylie Aronow (“Gordon Goner”) and Greg Solano (“Garga”) joined Dan Roberts and Kate Irwin on the gm podcast to talk about BAYC parent company Yuga Labs and its size and influence in the space, Ape haters, NFT haters, the SEC investigating Yuga, Buzzfeed “doxxing” Aronow and Solano earlier this year,…
Layer 1 blockchain company, Aptos Foundation, announced on Oct 18 that it had rewarded its early network participants with free APT tokens. 1/ The Aptos Foundation has provided early network participants with APT tokens. If you are eligible to claim, you will receive an email from airdrop@aptosfoundation.org in the next few hours. — Aptos (@AptosFoundation) October 18, 2022 The foundation…
America’s largest cryptocurrency exchange, Coinbase, is putting its weight behind Grayscale—the world’s largest Bitcoin fund—in its legal battle with the Securities and Exchange Commission (SEC). Grayscale is suing the federal regulator over its refusal to approve the company’s application, or any other, for a Bitcoin ETF. The fund claims the SEC is “failing to apply consistent treatment to similar investment…
