The Super Bowl isn’t full of crypto ads this time around, but there was one commercial for an NFT-powered game, featuring a QR code to scan to mint one of 10,000 free collectibles. The process didn’t work quite as expected for many viewers—but some of those who snagged the free NFT are flipping it for hundreds of dollars. Web3 gaming…
Blockstream CEO Adam Back believes the price of Bitcoin (BTC) could reach $10 million by the end of the sixth halvening in 2032, as long as Bitcoin layer-2 technology and wallet infrastructure improves. In a Feb. 12 Twitter thread, Back, one of the contributors to Bitcoin core, was explaining to his 509,000 followers in what situation Hal Finney’s $10 million…
Cryptocurrency lending firm Nexo Capital is set to terminate its yield-bearing Earn Interest Product for its customers in the United States roughly a month after it agreed to pay $45 million in penalties to U.S. regulators. Nexo announced the termination in a Feb. 10 blog post saying the product would be stopped on Apr. 1. The program allowed users to…
It’s been two years since most people have thought about what Kristin Smith says will be the “biggest regulatory item for the year.” The executive director of the Blockchain Association was referring to the $1.2 trillion bipartisan infrastructure plan that President Joe Biden signed into law on November 15, 2021. With it, he created a new tax rule that redefines…
Crypto-focused investment firm Pantera Capital says bitcoin has seen its lows and “we’re in the next bull market cycle.” Dan Morehead, the firm’s founder and managing partner, noted: “Over the long-term, bitcoin price has been in a secular uptrend of 2.3x annually over the past twelve years, on average.” Pantera Capital on the Next Bull Market Pantera Capital published its…
Small esports tournament organizers have started dabbling in blockchain tech to host tournaments and distribute prize pools. However, don’t expect to see it in the big leagues just yet, says an investor. Esports, or electronic sports, is a form of organized competition via video games. Players sometimes referred to as esports athletes usually compete for prize money either individually or…
The United States Securities and Exchange Commission (SEC) has reportedly told stablecoin issuer Paxos Trust Co. that it’s planning to sue the firm over violation of investor protection laws over Binance USD. Paxos is the owner and issuer of BUSD — a U.S. Dollar-collateralized stablecoin — which has been around since the firm struck a partnership with Binance in September…
U.S. Federal Reserve Governor Christopher Waller has warned that crypto prices could fall to zero at some point. “Please don’t be surprised and don’t expect taxpayers to socialize your losses” when that happens, the Fed governor stressed. Crypto Prices Could Go to Zero, Fed Official Warns Federal Reserve Governor Christopher J. Waller warned about the danger of investing in cryptocurrency…
Illustration by Mitchell Preffer for Decrypt The crypto market’s steady growth since the start of 2023 was checked by pronounced losses this week. Bitcoin and Ethereum’s price drops managed to stay within single-digit percentages, but not those of several other leading coins, including Avalanche, Solana and Dogecoin. The week’s downturn appeared to have been driven by U.S. regulators’ intensified scrutiny…
Crypto exchange Coinbase’s executives are standing up for its crypto staking services, claiming it cannot be classified as a security, and threatening to bring the matter to the courts in the United States. Brian Armstrong, Coinbase CEO, posted on Twitter that the company will “defend this in court if needed.” The move follows the agreement reached by crypto exchange Kraken…
