Even though Reddit has announced it would be winding down its crypto reward scheme, if you still have some r/CryptoCurrency Moons (MOON) sitting around and want to turn them into crypto or cash you can—but you only have this week to do so. Launched back in 2020, MOON is a cryptocurrency running on Ethereum’s blockchain. The tokens were awarded to…
Venture capital firm Lightspeed Faction has created a $285 million fund for crypto startups, according to a Nov. 9 announcement. The fund will focus on “early stage blockchain projects” and will also provide capital as these projects scale, the announcement stated. At Faction, no entrepreneur will ever have to answer: “why crypto?” We are fully red-pilled. We’re coming out of…
The global Ethereum supply has contracted by just over 4,700 ETH, or about $9.5 million, since Monday, according to data aggregator ultrasound.money. While that figure pales in comparison to the cryptocurrency’s massive $243.4 billion market capitalization, it is nonetheless eyebrow-raising: ETH has not experienced such a prolonged deflationary period in months, and the rally appears to have halted the token’s…
A wave of green has washed across the entire crypto market, and it won’t be long before traders on X (the social platform formerly known as Twitter) begin to explain that a new altcoins season has arrived. Altcoin season, or ‘altseason’ as the crypto bros say, typically measures the rallying of altcoins and a positive market capitalization increase of the…
The Celsius bankruptcy plan has been approved. The path is now clear for customers to see some of their funds returned and receive shares in the reorganized company, which will be called NewCo. Judge Martin Glenn of the Southern District of New York Bankruptcy Court issued a confirmation on Nov. 9 of the bankruptcy plan approved by Celsius creditors overwhelmingly…
The growth of social media has made it possible for everyone to become a content creator. And while the creator economy grew, incentives to become part of it continued to diminish. Since the $100 billion market is dominated by a handful of centralized platforms, creators hardly ever see a fair compensation for their efforts. YouTube, for example, has only recently…
A bot that’s designed to stifle the creation of new BRC-20s re-emerged on the Bitcoin blockchain. Its pseudonymous creator, @rot13maxi on Twitter, told Decrypt that he didn’t do it. But he did share the code with someone else yesterday. Dubbed the Sophon, the bot looks for incoming Bitcoin transactions that involve Ordinals and “snipes” certain ones before they can become…
The price of Bitcoin has surpassed $37,000 for the first time since May 2022. Source: https://cointelegraph.com/public/index.php/news/bitcoin-hits-37000-amid-pending-etf-approvals
Canadian quantum computing firm Photonic has emerged from stealth to raise $100 million for its all-silicon quantum computing platform. Among the investors is new partner Microsoft, who will co-develop quantum networking solutions with the startup. The investment and partnership come as numerous experts in the industry laud Photonic’s novel approach to quantum computing as a “breakthrough” for the field. We’re…
“Something doesn’t feel right” about the latest BTC price uptick, a warning tells traders, as Bitcoin open interest passes $17 billion. Source: https://cointelegraph.com/public/index.php/news/bitcoin-traders-btc-price-targets-40k-volume
