Speaking from an undisclosed location on the Unchained Podcast, Terra co-founder Do Kwon said his abrasive Twitter persona developed over time and that it was “largely for entertainment value.” “The industry lingo for this is called shitposting,” he said of his tweets, which have in the past had a jokey or aggressive tone. “In retrospect, I should have held myself…
Bitcoin was trading at its highest level in the past five days on Tuesday, as prices rose past a key resistance point. Ethereum also rallied to a similar milestone earlier in today’s session, as cryptocurrency markets continue to move away from recent bearish sentiment. As of writing, the global market cap is trading 0.38% higher. Bitcoin Bitcoin moved to its…
Before its launch yesterday, newcomer blockchain Aptos was touted as “the safest, most scalable layer-1 blockchain.” Many saw in it a potential “Solana killer,” but Monday’s kickoff was fraught with enough problems to turn even the most heedless investors off. Prior to launch, for example, the tokenomics behind the blockchain’s native Aptos (APT) token were essentially non-existent to the public.…
Ripple has announced the second wave of recipients selected to join its $250 million Creator Fund focused on promoting the development of NFT-related projects on the XRP Ledger. Joining the fund’s second wave is metaverse platform 9LEVEL9, which will sell tickets to virtual events as NFTs, fan-focused Japanese NFT marketplace Anifie, NFT sports platform Capital Block, XRP NFT marketplace NFT…
In brief Playing card brand Bicycle bought a Bored Ape Yacht Club NFT for nearly $187,000. The brand will sell decks of playing cards based on the Ape, and may create further decks in collaboration with Bored Ape owners. The Bored Ape Yacht Club has attracted an array of celebrity and brand owners over the last year and a half.…
Last week brought news that rocked the NFT world: The SEC is investigating Bored Ape Yacht Club parent company Yuga Labs over potential securities violations for the sale of Bored Ape NFTs as well as ApeCoin tokens, according to Bloomberg, citing an anonymous source. The news sent APE down more than 10% and has some legal experts saying SEC Chair…
The amount of Bitcoin (BTC) flowing out of cryptocurrency exchanges picked up momentum on Oct. 18, hinting at weakening sell-pressure that could help BTC price avoid a deeper correction below $18,000. Bitcoin forming a “bear market floor” Over 37,800 BTC left crypto exchanges on Oct. 18, according to data tracked by CryptoQuant. This marks the biggest Bitcoin daily outflow since…
The government of Argentina has begun to act in several directions to control the raging inflation numbers registered this year. Sergio Massa, minister of treasury, proposed a program called “Fair Prices,” to force retailers and producers to establish a fixed price on various products, to be maintained for up to 90 days. Argentina to Rely on Price Controls for Inflation…
press release PRESS RELEASE. Digital currency made splashes in the 2010s with a promise of decentralization and ultimate user privacy. However, most well-known crypto exchange giants, like Binance or Coinbase, are CEXs by essence. It means they are centralized exchange platforms, offering custodial wallets to users and collecting user data. No privacy, no user control, and no genuine decentralization –…
Ethereum bulls have hit back against claims the network has become prone to censorship post-Merge, with one arguing that “not even a single” transaction has been censored on the network. In a 19-part thread to his 29,100 followers on Oct. 17, Cyber Capital founder and chief investment office Justin Bons argued that contrary to “what some Bitcoiners are falsely claiming,”…
