DappRadar Releases NFT Marketplace Sales Results, With OpenSea Dominating
DappRadar releases top 30 grossing NFT marketplace, by total sales volume and the results surprising. DappRadar has released its listings of the top 30 grossing NFT marketplaces of all time in terms of total sales, with all thirty NFT projects combined having grossed...
DeFi gaming: A catalyst to mainstream adoption of decentralized finance
Gaming is on track to boost the adoption of DeFi platforms. Here is a look at the latest developments that are pushing the play-to-earn business model. The past few months have seen decentralized finance (DeFi) platforms gain a cult-like following on the backdrop of a...
Average Aussie crypto portfolio grew 258% in FY 20-21, survey reveals
Older Australian crypto investors outweigh the new generation in initial investment, but the younger crowd is more active in daily trading. The average portfolio size on Australian cryptocurrency exchange BTC Markets has grown from $577.65 (795.5 Australian dollars)...
How NFTS Impact User-Generated Economies of Scale
Facebook, Twitter, Amazon, Airbnb, Netflix, and many of the most lucrative internet-based companies are platform-based, user-generated economies that are scaled en masse. Both Facebook and Amazon have been among the few companies globally to see their valuations soar...
Huobi Appears to Have Suspended Mainland Chinese New User Registration
The option of Mainland China in the country/region selection on crypto exchange Huobi’s new user registration page has disappeared following China’s announcement of tougher measure on crypto trading on Friday.The information, first reported by Chinese crypto...
Andre Cronje Launches Rival to NFT Marketplace OpenSea
Earlier this month, (now former) OpenSea employee Nate Chastain was accused of insider trading—he knew which NFTs would feature on OpenSea’s homepage, and allegedly bought and sold those NFTs to make a tidy profit of about $65,000. Chastain’s behavior rankled the NFT...
Life on Bitcoin (2021 Edition)
Join hosts Jonathan Mohan, Stephanie Murphy and Andreas M. Antonopoulos as they reflect on bitcoin’s evolution as a currency and commodity. In the early days, an era of retail adoption as merchants began to accept bitcoin from their customers seemed to point to a...
Bitcoin on Twitter: The Promise and the Problems
Jack Dorsey, the Bitcoin maximalist CEO of Twitter, put his money where his mouth is this week. His company rolled out "Bitcoin tipping" to its 300 million active users, a service that will let anyone send or receive Bitcoin by sharing a wallet address or using an app...
US Senator Calls on SEC Chairman to Provide Regulatory Clarity on Cryptocurrencies
A U.S. senator has asked the chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, to provide clear guidance on cryptocurrency regulation. The senator stated that in many enforcement actions, “the SEC did not identify the securities...
Cryptobanknotes Offer the Privacy Lost by the Blockchain
There are no completely anonymous activities on the internet. Any action on the internet leaves specific traces. There is not a single cryptocurrency with transactions that remain entirely anonymous. The blockchain holds a record of all transactions of any...
Cathie Wood’s ARK Fund Suffers Amidst Chinese Crackdown
Cathie Wood’s ARK Fund has seen a dip due to the recent Chinese cryptocurrency ban, but investors remain optimistic about long term performance. Ark Innovation Fund takes a hit due to Chinese ban Cathie Wood’s ARK Innovation Fund, specifically targeted at...
It's now or never — The US has to prepare itself for digital currency
If the United States is still not ready for central bank digital currency, it will stay on the sidelines of tech and financial innovations. Welcome to the world of central bank digital currency, or CBDC, where big countries like China and small countries like the...
Bitcoin, Ethereum Recover from China’s Latest Crypto Crackdown
Yesterday, China’s central bank declared that cryptocurrency trading and all related services, including Bitcoin mining, are illegal. In two notices published on the central bank’s site and WeChat account yesterday, the People’s Bank of China said that crypto breeds...
US Lawmakers See China’s Authoritarian Crackdown on Crypto as Big Opportunity
Several U.S. lawmakers see China’s authoritarian crackdown on cryptocurrency, including bitcoin, as “a perfect opportunity for American leadership on cryptocurrency.” One senator noted that it is “a reminder of our huge structural advantage...
Weekly Recap: What Happens When S*** Gets Real
This episode is sponsored by NYDIG.Download this episodeOn this edition of “The Weekly Recap,” NLW looks at the heightened state of affairs in the crypto landscape, from celebrity interactions with NFTs to the latest bluster from the SEC. This one goes to 11.See also:...
RippleX Announces Inaugural Phase of XRPL Grant Winners
The development team behind RippleX has announced the awardees of the inaugural round of the XRPL grants program. TUSD $2million will be awarded to 25 winners, out of 100 applicants. The XRPL Grants program was set up to provide “developer grants” for projects...
Huobi Exchange Stops Accepting Chinese Users After Crypto Crackdown
China’s largest Bitcoin Exchange Huobi has implemented a measure to stop mainland Chinese residents from registering on its platform by preventing the addition of accounts with Chinese mainland phone numbers, to comply with recent Chinese crackdown on crypto....
Court Extends Detention of Finiko Pyramid Founder Doronin and His Right-Hand Man
A court in Tatarstan has extended the detention of Kirill Doronin, founder of Russia’s largest Ponzi scheme in recent times, Finiko. Doronin will spend at least two more months in custody as authorities fear he could hide from law enforcement. Ilgiz Shakirov,...
Robinhood Hires Former Grayscale Compliance Chief
The company behind the popular financial app, Robinhood, has hired former Compliance Chief of Grayscale for its crypto division. Robinhood Markets Inc. brought on Benjamin Melnicki for their growing crypto division. Melnicki’s new role focuses on compliance with...
Charitable sustainable NFTs for the United Nations’ 17 SDGs
A green post-COVID-10 recovery in accordance with the United Nations’ 17 Sustainable Development Goals is possible with blockchain and NFTs. In her monthly Expert Take column, Selva Ozelli, an international tax attorney and CPA, covers the intersection between...
Bitcoin volatility continues as BTC price closes in on critical weekly close
It's all about what happens to Bitcoin price action by the end of the week as $1,000 swings up and down remain. Bitcoin (BTC) briefly fell below $42,000 on Sept. 25 as the weekend looked set to deliver an unimpressive weekly close.BTC/USD 1-hour candle chart...
A Rocky Start for Bukele’s Bitcoin Law — El Salvador After Adoption
The adoption of bitcoin as legal tender in El Salvador has been one of the biggest events in the cryptocurrency world this year. However, Nayib Bukele, president of the country, has taken a course of action many consider mistaken. In any case, the Bitcoin Law has put...
Coindeks.org Launches Staking Aggregator
Coindeks is a new cryptocurrency platform that offers a bouquet of investment products. Its first product, a staking aggregator, will facilitate developments in blockchain technologies and the decentralized finance (DeFi) sector. DeFi has created a more...
DeFi: Who, what and how to regulate in a borderless, code-governed world?
The decentralized, disintermediated and borderless blockchain networks challenge regulators, but DeFi is the future of finance. Hold onto your hats, boys and girls! It’s a new world — a financial system without intermediaries, that anyone can access 24 hours a day...
Bhutan Partners With Ripple to Pilot Digital Ngultrum on a Private Ledger
The Central Bank of Bhutan, the Royal Monetary Authority (RMA), has partnered with Ripple to start testing a model of its central bank digital currency (CBDC) using Ripple’s technology. The test will be using Ripple’s own CBDC private ledger, to support...
These 3 NFT Projects Collectively Captured Over $10 Billion in Sales
Non-fungible token (NFT) assets have taken the world by storm in 2021 and three current projects in the NFT universe have seen sales stretch into the billions. Statistics show that the NFT marketplace Opensea, the blockchain NFT game Axie Infinity, and the digital...
Morgan Stanley’s Executive Likens Bitcoin’s Resilience to Kenny Who Dies in Every South Park Episode
Morgan Stanley Investment Management’s Dennis Lynch, says that bitcoin’s resilience is like Kenny from the popular TV series South Park. In almost every episode, Kenny comically died but always came back, just like how bitcoin bounces back every time...
Bridged Stablecoins on Solana Get a Boost With Mercurial Finance Pools
Mercurial Finance has launched a liquidity pool for Wormhole wrapped stablecoin assets, the decentralized exchange announced Friday. Mercurial Finance is conceptually similar to Ethereum-native Curve Finance, a decentralized exchange optimized for swapping like-assets...
WallStreetBets, Source of GameStop Short Squeeze, Launches Crypto Subreddit
WallStreetBets, the Reddit forum whose members coordinated to send GameStop stock through the roof, is creating a separate subreddit just for cryptocurrency discussions. According to a Wednesday announcement from user bawse1, "It's the same community, same format,...
All bark and some bite. China’s Bitcoin ban puts traders in the ‘fear’ zone
Bitcoin derivatives markets flipped neutral-to-bearish after China’s ‘crypto ban’ announcement triggered a BTC price dip to $40,600. China bans Bitcoin (BTC), again.No, we’re not traveling back in time. On Sept. 24, the People’s Bank of China (PBoC) published a new...
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