Why LAL Art Has ‘No Interest In Just Putting the Traditional Art Market on the Blockchain’ Fanny Lakoubay, the founder of art advisory and agency LAL Art, talked to Decrypt’s Liam Kelly at NFT Paris about what LAL Art does, how it works with artists, museums, directors, and galleries, and why artists in Web3 have to “reinvent themselves every six…
Investors are still feeling bearish when it comes to Bitcoin. But why? And for how long will it last? The narrative that has taken shape over the last two years is that as a “risk-on” asset, Bitcoin follows U.S. equities—which have plummeted in value since the Federal Reserve started aggressively hiking interest rates last year. And that’s still true. But…
The chairman of the Commodities and Futures Trading Commission (CFTC) has taken a firm stance against the Security and Exchange Commission (SEC)’s subtle power creep over the digital asset market. Rostin Behnam told the Senate Agriculture Committee on Wednesday that Ethereum, the second-largest cryptocurrency next to Bitcoin, is a commodity. “It’s been listed on CFTC exchanges for quite some time,…
Collab.Land Grew ‘Because of Covid’ Creating Need for DAO Tools: Co-founder Anjali Young Anjali Young, the co-founder of Abridged and Collab.Land, talked to Decrypt’s Jason Nelson at ETH Denver about the origins of Collab.Land and says it erupted thanks to Covid, which created not just new interest in crypto but the need for better tools for DAO member collaboration. Source:…
Matchday, a soccer-centric Web3 gaming startup, announced today that it has raised $21 million in seed funding to develop a suite of games—with legendary soccer player Lionel Messi’s venture capital firm onboard. Messi’s Play Time firm backed the startup, with Courtside Ventures, Greylock, HackVC, Capricorn Investment Group, and Horizons Ventures also participating in the round. Spanish soccer star Alexia Putellas,…
At 4:30 p.m. Eastern Time, Silvergate Bank announced its intention to wind down the crypto-friendly bank’s operations and voluntarily liquidate the company’s assets. The news follows significant financial troubles the bank faced, and the firm’s stock plummeted in value. Details of Silvergate’s Wind Down and Liquidation Plan Over the last six months, Silvergate Capital Corporation’s (NYSE: SI) stock dropped 94.82%…
Blaming “recent industry and regulatory developments,” crypto-friendly bank Silvergate announced today that it is winding down operations. According to a Wednesday press release by Silvergate Capital Corporation, the holding company of Silvergate Bank, an orderly wind-down of Bank operations and a voluntary liquidation of the Bank is the best path forward. “The Bank’s wind down and liquidation plan includes full…
Officials of the United Kingdom’s Financial Conduct Authority (FCA) appeared before the House of Common’s Treasury Committee on March 8 to discuss the agency’s work. Among the issues raised was cryptocurrency regulation, which the officials approached with a clear lack of enthusiasm. FCA chair Ashley Alder, who took that position in February after serving as CEO of the Hong Kong’s…
Ethereum creator Vitalik Buterin is a Web3 luminary, so word today of an NFT collection featuring his apparent stamp of approval has set Crypto Twitter ablaze—and led to surging sales of the NFTs to the tune of several million dollars’ worth. The NFT collection, which celebrates Ethereum creator Vitalik Buterin’s contributions to a popular Web3 funding model, was created by…
The parent company of Silvergate Bank, known to many in the space as one of the major crypto banks, has announced plans to “wind down operations” and liquidate the bank. In a March 8 announcement, Silvergate Capital Corporation said the decision to shutter operations was “in light of recent industry and regulatory developments.” According to the company, the Silvergate Bank…
