The metaverse is the future, or so is the claim of many interacting with the industry — a claim that can be backed up by the amount of activity pouring into the Web3-metaverse domain. Engagement in the metaverse of 2022 is looking less like a Sims-esque video game and more like government agencies creating virtual offices to connect with future…
Five months after acquiring NFT trading aggregator Genie and its founder Scott Gray, Uniswap is launching an NFT aggregator on its website. “A lot of people think of NFTs and tokens as two siloed experiences, two siloed audiences,” Gray, who now works as Uniswap’s Head of NFT Product, told Decrypt in an interview. “But that’s not really the case.” Uniswap,…
Singapore government-owned investment firm Temasek has suffered a lot more than just financial losses due to investing in FTX, according to Deputy Prime Minister Lawrence Wong. Wong, who is also the finance minister, believes that Temasek’s $275 million investment in FTX has caused significant damage to the company’s reputation. The official addressed the growing criticism over Temasek’s FTX exposure at…
Bitcoin security firm Casa plans to expand its services to Ethereum and Ethereum-based assets, the company announced Wednesday. Casa, which offers user-friendly security infrastructure for maintaining self-custodial crypto wallets, will roll out Ethereum compatibility to members in January, according to a statement from the company. The company, co-founded in 2018 by CEO Nick Neuman and noted Bitcoin advocate Jameson Lopp,…
The seeming stabilization of the price of Bitcoin (BTC) at levels around $20,000 in the months before the FTX collapse was “an artificially induced last gasp before the road to irrelevance.” Moreover, this was “already foreseeable” before the fallout of the crypto exchange, which last week sent BTC to a two-year low of under $16,000, according to the European Central…
In light of the recent FTX collapse and liquidity scandal, regulators in the European Union have joined other global lawmakers in a push for more clear guidelines and regulations on cryptos. The European Central Bank (ECB) released a blog post titled “Bitcoin’s last stand” on Nov. 30, which summarized the financial career of Bitcoin (BTC) amid current price fluctuations. However,…
Bitcoin moved to $17,000 on Wednesday, as markets continued to digest the U.S. consumer confidence report. Confidence amongst consumers fell to its lowest level since July, despite inflation easing in the world’s largest economy. Ethereum remained higher, edging closer to $1,300. Bitcoin Bitcoin (BTC) briefly rose above $17,000 in today’s session, as traders reacted to the latest U.S. consumer confidence…
RNS.id, a digital Web3 identity platform developed to support the application and issuance of sovereignty-backed IDs, announced on Nov. 30 that it is integrating with zkSync for on-chain KYC. RNS.ID indicated in a release shared with Cointelegraph that its on-chain KYC solution is designed on a “privacy engine” to encrypt users’ identity attributes or properties into different “hashed slices” with…
FTX-owned derivatives trading platform LedgerX is reportedly preparing $175 million to be used in its parent firm’s bankruptcy proceedings. The platform, which operated as a subsidiary of FTX.US, provided a regulated way for users to trade derivatives based on cryptocurrencies such as Bitcoin and Ethereum. LedgerX was one of the few Bankman-Fried-linked projects which remained solvent in the aftermath of…
This is an opinion editorial by Alex Gladstein, chief strategy officer of the Human Rights Foundation and author of “Check Your Financial Privilege.” I. The Shrimp Fields “Everything is gone.” –Kolyani Mondal Fifty-two years ago, Cyclone Bhola killed an estimated 1 million people in coastal Bangladesh. It is, to this day, the deadliest tropical cyclone in recorded history. Local and…
