During the past 30 days, the layer one blockchain asset aptos (APT) has risen 391.8% against the U.S. dollar. In the past seven days, Aptos has increased 123.7% after reaching an all-time high of $19.92 per unit on Jan. 26, 2023. The Role of Decentralized Finance, Infrastructure Support, and NFTs in Aptos’ Recent Surge in Value A relatively new cryptocurrency,…
The Federal Reserve Board has rejected Custodia Bank’s application to become a member of the Federal Reserve System. In its announcement, the Fed stated that the application was “inconsistent with the required factors under the law.” It also claimed Custodia had an “insufficient” management framework and cited an earlier joint declaration by the Fed with the Federal Deposit Insurance Corporation…
Polygon rose to its highest level since early November on Friday, as markets reacted to the latest U.S. consumer sentiment data. Sentiment rose to 64.9 in January, up from a reading of 59.7 in December. Chainlink also surged in today’s session, hitting its strongest point in nearly two months. Polygon (MATIC) Polygon (MATIC) was a big gainer on Friday, as…
The Bitcoin network is set to record another meaningful difficulty increase on Sunday, Jan. 29, 2023, as current estimates expect it to rise 3.82% higher. The change follows the last difficulty retarget, which advanced by 10.26% to the current all-time high of 37.59 trillion. Block Time Breakdown: How Faster Discovery is Impacting Bitcoin Difficulty In just over a day, the…
How Web3 Is Disrupting Video Streaming: Myco, Theta Labs, and Actor David Bianchi At an investor event hosted by watch-to-earn video streaming platform Myco, Decrypt’s Sander Lutz moderated a discussion about Film3 with Myco CCO Phil McKenzie, Theta Labs BD Head Andrea Berry, and actor and filmmaker David Bianchi, whose Web3 series “RZR” got funding through NFT drops. Source: https://decrypt.co/videos/live-events/Dvd0ep0Y/how-web3-is-disrupting-video-streaming-myco-theta-labs-and-actor-david-bianchi
Investors in Bitcoin mining firm Argo Blockchain have slapped the firm with a class-action lawsuit, accusing it of making false claims pre-IPO. The London-based firm raised $112.5 million in a September 2021 offering, selling 7.5 million shares to the public at a price of $15 each. In a filing, the lawsuit alleged that documents submitted prior to the IPO contained…
We’re thrilled to announce that we have added nine new NFT collections to Kraken NFT for our current beta testers to explore, collect and trade. After revealing dozens of NFT collections over the past few weeks, we carefully selected these new collections so you can continue to build the NFT collection of your dreams with zero gas fees.* We will…
Litecoin (LTC) has rebounded by 130% to almost $100 after bottoming out near $40.50 in June 2022. The primary reasons include broadly improving risk-on sentiment and euphoria around the Litecoin halving in August 2023. However, technicals suggest that LTC may wipe out most of these gains in the coming months. LTC price paints giant bear flag Litecoin stands to pare…
Web3 and the metaverse were handed a seat at the table of the World Economic Forum in 2023 as the ecosystem continues to drive innovation across industries. As Cointelegraph continues to explore, the presence of the cryptocurrency and blockchain ecosystem was mainly found outside the walls of the WEF. Blockchain Hub Davos and GBBC’s Blockchain Central were two central events…
Matrixport, a Singapore-based crypto investment and lending firm, has confirmed with Decrypt that it is making reductions in its marketing department, impacting 10% of its nearly 300-person workforce. The company was founded in 2019 by entrepreneur Jihan Wu, who became a billionaire from the success of crypto-mining manufacturer Bitmain Technologies. Matrixport’s chief operating officer, Cynthia Wu, told Decrypt via email…
