Music-based nonfungible tokens are an emerging frontier in the crypto and NFT space, but the first questions that come to mind are: What are they? And what are their utility? Music NFTs are relatively new to the scene and cannot be pinned down by one definition. At the most basic level, however, they are verifiable digital collectibles, with a core…
In brief Coinbase CEO Brian Armstrong tweeted that the company’s Super Bowl ad was created by the crypto exchange. An ad agency CEO claims her firm created the concept. Coinbase CMO Kate Rouch says that a different firm conceptualized the ad, prompting Armstrong to update his Twitter thread. Coinbase’s QR code advertisement generated a lot of buzz during this year’s…
The nonprofit organization focused on the open-source stablecoin network behind Terra USD, Luna Foundation Guard, has closed on a $1 billion raise through the sale of LUNA tokens. In a Tuesday tweet, Terra said Jump Crypto and Three Arrows Capital led the $1 billion round with participation from DeFiance Capital, Republic Capital, GSR, Tribe Capital, and others. The platform said…
In brief Journalist Laura Shin is alleging that Austrian programmer Toby Hoenisch was responsible for hacking The DAO. Hoenisch, former CEO of TenX, denies the allegations. A former cryptocurrency startup CEO has denied stealing an Ethereum stash that today would be worth more than $11 billion, allegations made against him in an article published by Forbes. Journalist Laura Shin has…
An article published by journalist Laura Shin, and research stemming from the blockchain surveillance firm Chainalysis, claims to identify the alleged identity of The DAO hacker who drained millions of dollars worth of ethereum from the decentralized autonomous organization on June 17, 2016. Shin’s and Chainalysis’s findings accuse the former Tenx CEO, Toby Hoenisch, of being behind the $60 million…
The ongoing tensions between Russia and Ukraine continue to be the dominant news story on Feb. 22 as Bitcoin (BTC) and the wider global financial tremble under the pressure as the world awaits some form of resolution to the matter. Data from Cointelegraph Markets Pro and TradingView shows that the price of BTC has traded in a range between $36,360…
On Tuesday, London Stock Exchange Group, or LSEG, announced the acquisition of U.S.-based cloud technology provider Tora for $325 million; the deal is expected to close in the second half of the year. Tora offers software trading solutions for customers exposed to stocks, forex, fixed income securities, derivatives, and cryptocurrencies. In justifying the acquisition, LSEG specifically outlined the importance of…
Streaming service provider Sling TV now accepts bitcoin payments. Existing customers can prepay 1-6 months of service using bitcoin and cryptocurrencies.New customers must pay for the first month using legacy payment methods and can use bitcoin payments starting in the second month. Sling TV, the cord-cutting service provider that allows its users to stream over 700 television channels via its…
XRP fell by over 10% on Tuesday, as bearish pressure once again intensified in crypto markets. As of writing, the global cryptocurrency market capitalization was almost 5% lower, following marginal gains this morning. Biggest gainers The bleeding in crypto markets continued this afternoon, as such, it was difficult to find any remaining bulls due to the sea of red candles.…
As the U.S. Securities and Exchange Commission is considering whether to approve or deny asset manager Grayscale’s application for a Bitcoin spot exchange-traded fund, the firm has called on American investors to submit comments to the regulator. In a Tuesday Twitter thread, Grayscale CEO Michael Sonnenshein announced the launch of an advocacy campaign for U.S.-based investors to speak their minds…
