The Italian luxury sports car manufacturer headquartered in Maranello, Italy, Ferrari has announced the firm is partnering with Velas Network AG, a firm that specializes in blockchain and non-fungible token (NFT) technology. Ferrari Reveals Partnership With Blockchain Firm Velas On December 27, Ferrari the well known luxury sports car maker founded in 1939 by Enzo Ferrari revealed the firm is…
The total value locked, or TVL, in decentralized finance (DeFi) has soared to over $250 billion as 2021 closes out, with most activity on Ethereum, according to DeFi Llama. The budding DeFi industry only became mainstream during summer 2021. While TVL valuations underscore the rapid growth of the industry, Cardano (ADA) founder Charles Hoskinson has warned about the challenges facing DeFi.…
It looks as though the year-end rally that many crypto traders had hoped for will have to wait until 2022, as Bitcoin (BTC) bears gained the upper hand on Dec. 28 and hammered the price of BTC below support at $48,000. Data from Cointelegraph Markets Pro and TradingView shows that an early morning wave of selling broke through BTC support…
Iran has restricted bitcoin mining operations for the second time this year.Licensed miners are required to shut down until March.Excessive energy demand has led to less power sent to industrial consumers. Iran has once again ordered bitcoin miners to shut down to ease power demand on the country’s energy grid during the winter months. Licensed miners are expected to receive…
With three days left until the end of 2021, the Ethereum network and its native token ether have had a phenomenal year as ether has increased more than 450% in value in 12 months. 145 days ago, on August 5, the Ethereum network implemented the London hard fork and since that day, 1,283,226 ether worth close to $5 billion has…
According to a recent report by Cointelegraph Research, the volume of nonfungible tokens (NFTs) sold this year could eclipse $18 billion. From artwork, music and in-game characters to videos and photographs, these minted certificates of ownership for digital assets on blockchains are well sought after by collectors, investors and philanthropists alike. They can also be freely traded across decentralized NFT…
In brief Mutant Ape Yacht Club NFT prices are rising, with a nearly 500% increase in trading volume over the last week. The collection was launched in August, with existing Bored Ape NFT owners able to use serum to mint one Mutant Ape for free. Following the Bored Ape Yacht Club’s recent surge in value and attention, the spin-off Mutant…
Scarce City, a marketplace of Bitcoin-related artworks, has raised $690,420 from investors including Jason Williams, Brad Mills, Plan B Ventures, Lightning Ventures, and Fulgur Ventures. “We’re grateful to bring bona fide Bitcoin investors on to our team to contribute to our mission to support Bitcoin culture and adoption,” said Scarce City’s chief executive pleb, Chris Tramount, in a statement sent…
Hatu is the co-founder and chief strategy officer of DAO Maker, which creates growth technologies and funding frameworks for startups while simultaneously reducing risks for investors. “For a space as dynamic as blockchain, it is tough to pinpoint the reasons behind the industry evolving during the year. However, I feel the adoption of smart contracts has bolstered the growth of…
The cryptocurrency market slid lower on Dec. 28 as the price of Bitcoin (BTC) lost nearly $4,000 in value in a matter of hours with bulls now looking to secure support at $48,500 to prevent further losses. In the midst of the market-wide drawdown, the decentralized finance (DeFi) sector of the crypto ecosystem has offered some traders shelter from the…
