On May 1, nonfungible tokens marketplace Blur launched Blend, a peer-to-peer perpetual lending protocol that supports NFT collateral. Developed with venture capital firm Paradigm, developers cite Blend’s rationale as a means of “financialization to scale.” 4/ Every trillion dollar market relies on financialization to scale. NFTs are no different. Instead of paying $1m for a house, buyers put $100k down…
Oliver Linch, chief executive officer of cryptocurrency exchange Bittrex Global, has pushed back against the United States Securities and Exchange Commission (SEC), claiming the company never had a clear opportunity to discuss a potential enforcement action. Speaking to Cointelegraph at the Consensus 2023 conference in Austin, Texas on April 28, Linch said there had been “precisely zero” communication between Bittrex…
Bitcoin on Monday slumped by 5.2%, erasing gains it had made in April when it rocketed above $30,000. The biggest cryptocurrency by market cap was trading hands for $28,275 as of 1.30 p.m. ET, according to CoinGecko. That means the asset is also down 8.7% from the April high of $30,979 it hit just two weeks ago. Bitcoin had been…
Bitcoin bulls fail to get a grip despite worries over U.S. banking sector stability, with BTC price near four-day lows. Source: https://cointelegraph.com/public/index.php/news/bitcoin-price-threatens-28k-support-as-pre-fomc-mood-boosts-us-dollar
Ethereum network fees have experienced a significant upswing following the implementation of the Shapella upgrade on April 12th. In the last 30 days, onchain fees have soared by over 153%, from a prior rate of $4.65 per transfer to a current average of $11.80 per transaction. The data highlights a substantial surge in the costs associated with Ethereum network transactions,…
The failure of First Republic Bank marks a volatile beginning to a busy macroeconomic week, while Bitcoin already faces downside pressure. Source: https://cointelegraph.com/public/index.php/news/2nd-biggest-us-bank-failure-5-things-to-know-in-bitcoin-this-week
press release PRESS RELEASE. The rise of AI-generated art has created ethical concerns and challenges within the art community, as many artists perceive these tools as undermining their skills and exploiting their work for profit. Paysenger, a groundbreaking blockchain-based collaboration platform for content creators, fans, and brands, is poised to tackle these issues with its native token, EGO, and AI…
The NFT-backed loan market is gaining steam, with total loan value to date recently topping $1 billion across various protocols—and now the current largest Ethereum NFT marketplace by trading volume is getting in on the action, too. Today, NFT marketplace Blur announced the creation of Blend, a peer-to-peer perpetual lending protocol based around NFT assets. Short for “Blur Lending,” Blend…
On May 1, Binance CEO Changpeng Zhao (CZ) issued a warning to Tron founder Justin Sun regarding a deposit of 56.1 million TrueUSD to Binance. The Binance executive wrote: “Our team told Justin, if he uses any of these to grab the LaunchPool Sui token, we will “take action against it”. SMH. Binance LaunchPool are meant as air drops for…
Bitcoin (BTC) headed toward $28,000 support after the May 1 Wall Street open as markets digested fresh United States banking jitters. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Suspicions mount over First Republic contagion Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dropping to multi-day lows at the time of writing. The pair continued a comedown which began after…
