On Friday, Polygon (MATIC) and Alexis Ohanian’s venture capital firm Seven Seven Six announced a $200 million initiative backing projects operating at the intersection of social media and Web 3.0. The initiative will focus on gaming applications and social media platforms built on Polygon’s infrastructure. Alex Ohanian co-founded Reddit in 2005, left in 2010, and returned as executive chairman in…
DeFi project Vesper Finance now lets users deposit one cryptocurrency and earn interest in another thanks to its new Vesper Earn product. Source: https://decrypt.co/88600/lend-bitcoin-earn-ethereum-new-vesper-finance-update
I came to the Sandbox Alpha for the musical experiences of Snoop Dogg and Deadmau5. It was awesome dancing with my voxelated avatar: green hair, pink sports bra, denim shorts, yellow stockings, and red shoes. All with the insane creatures around me dancing, and the feeling of indulging in a real concert with flashing lights and pounding beats. I thought…
On Dec. 14, the United States Senate Banking, Housing and Urban Affairs Committee held a hearing titled “Stablecoins: How Do They Work, How Are They Used, and What Are Their Risks?” The testimonies, both spoken and written, focused largely on the last two issues, as anxieties over Know Your Customer compliance and the U.S. dollar inflation threat dominated the discussion.…
The crypto market has grown a lot in the last few years. As a result, crypto enthusiasts now have a wide range of apps they can take advantage of, no matter whether they want to buy a new NFT, exchange Bitcoin Cash for DOGE, buy Bitcoin, or earn interest on their digital assets. However, not all cryptocurrency apps are equally…
Cryptocurrency miners that are illegally connecting their equipment to the power grid should go to prison, says a Russian lawmaker who recently announced that his nationalist party is working on draft legislation to regulate the crypto activity. The industry cannot rely on support from the state, another high-ranking parliamentarian has added. Unauthorized Use of Power Could Land Miners Behind Bars…
In an effort to democratize access to nonfungible tokens, art collections and other digital assets of value for the masses, Bitwise Asset Management launched its new index fund on Dec. 16. As per the announcement, the Bitwise Blue-Chip NFT Index Fund is designed to allow accredited investors to invest in major nonfungible tokens and art collections. The NFT industry has exploded…
2021 has proven to be the year of crypto adoption where institutional crypto investments and millennials turning millionaires were familiar headlines. A new CNBC survey has revealed that a majority of millennial millionaires have invested a significant chunk of their portfolio in crypto and plan to continue their crypto investments in 2022. The survey polled investors with assets of $1 million…
Justin Sun will step down from his role as CEO of the Tron Foundation, the organization behind the blockchain network by the same name that he founded in 2017. But Sun isn’t retiring to a fishing village to enjoy a quiet life off of his crypto riches. Instead, he’s preparing to fly to Geneva, Switzerland. Sun will join the government…
Ray Dalio, billionaire hedge fund manager and founder of Bridgewater Associates, has said that Bitcoin has “some merit,” in a recent interview with Market Watch. “I’m not an expert on Bitcoin, but I think it has some merit as a small portion of a portfolio,” Dalio said. Dalio previously said in May of this year that he owned some Bitcoin. …
