Nonfungible tokens have proven to be successful across a number of industries. From gaming to high-end luxury fashion, NFT use cases have demonstrated the importance of creating lasting connections between a company or a brand and its users/customers. As such, it shouldn’t come as a surprise that the billion-dollar event-ticketing industry is on its way to being disrupted by nonfungible…
The list of witnesses invited to testify at tomorrow’s U.S. Congress hearing on the energy usage of bitcoin mining and its consequences has been released, featuring a diverse set of professionals directly and indirectly involved in the industry. The House will hold the hearing on Thursday as its Energy and Commerce Oversight Subcommittee seeks to get a better understanding of…
Cross-chain liquidity network THORChain has enabled support for Dogecoin (DOGE) — bringing a new suite of decentralized finance (DeFi) capabilities to the popular memecoin. Beginning this week, users have the ability to swap DOGE or earn yield on their DOGE holdings using THORSwap, a non-custodial decentralized exchange. In practice, this means users can swap DOGE for native assets such as…
Investors in the Grayscale Bitcoin Trust (GBTC) face more losses as the popular investment product hit its record discount of 26.53%, per data from YCharts. GBTC has long been an investment tool of choice for many institutional investors, offering exposure to Bitcoin without the need to purchase the actual underlying asset. It comes with several drawbacks though, including an annual…
America’s media, central bankers, and bureaucrats continue to debate the rising inflation in the U.S. that has raised the cost of living and increased the prices of goods and services nationwide. Senator Rand Paul, R-Ky., believes the inflation is “only going to get worse” and he published a report on the issue and blamed excessive coronavirus relief spending by Congress.…
Bloomberg analyst Mike McGlone is convinced Bitcoin is on track to reach $100K in 2022, as it completes its transition from a risk-on to risk-off asset. While the Fed is planning to raise interest rates in order to fight inflation, risk-on assets like crypto may suffer, as people would likley prefer to invest in fixed-income assets like bonds. While this…
In his monthly crypto tech column, Israeli serial entrepreneur Ariel Shapira covers emerging technologies within the crypto, decentralized finance and blockchain space, as well as their roles in shaping the economy of the 21st century. The contract, an obligation that party A will do something party B desires at a price both agreed to be fair, is in many ways…
Web3 and social games publisher Carry1st has raised $20 million in Series A funding to further expand product development in Africa — a continent that could become the premier hub for the gaming industry over the next decade. The investment round was led by Silicon Valley venture firm Andreessen Horowitz, which has been highly active in the blockchain space, with…
Woof! Here come Puppy Bowl NFTs. The Puppy Bowl has been airing on Super Bowl Sunday since 2005, but this year’s event will include NFTs. The non-fungible tokens (NFTs) will be released leading up to and on the day of this year’s Puppy Bowl, which will air on February 13 on Animal Planet. Chronicle, an NFT marketplace, will offer 5,000 free…
Are future prices written in the stars? Meet Maren Altman, presciently named for cryptocurrency, who combines astrology and day trading crypto into a winning blend. In 1973, Princeton University professor Burton Malkiel published his book A Random Walk Down Wall Street, in which he famously states that a “blindfolded monkey throwing darts at a newspaper’s financial pages could select a…
