Former Twitter CEO Jack Dorsey has ignited a debate about web3 after Tesla CEO Elon Musk criticized it. Dorsey warned of the risks from centralization, emphasizing that web3 is owned by venture capitalists (VCs), hiding under the premise of decentralization. “I’m concerned to see ‘the industry’ be distracted under false pretenses when we could all …
Yearly archives: 2021
DAOs: Social networks that can rewire the world
Exploring the new world of decentralized autonomous organizations Around the Block from Coinbase Ventures sheds light on key trends in crypto. Written by Justin Mart & Connor Dempsey. What the internet did for communication, DAOs can do for capital. The internet and social networks have made it easier for like minded individuals to communicate than ever before, …
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Coinbase Prime and Enfusion team up to bring seamless crypto trading to institutional investors
By Brett Tejpaul, Head of Institutional Sales, Trading and Prime Our goal is to be the trusted bridge to the cryptoeconomy for all institutions, to fuel widespread adoption of crypto, and ultimately to increase global economic freedom. Coinbase Prime, an integrated solution that provides secure custody, an advanced trading platform, prime services and market data, has …
Russians Have Invested $67 Billion In Crypto As The CBR Flirts With A Ban
According to a recent report by a Russian lawmaker, the country’s citizens have invested over 5 trillion rubles ($67.5 billion) in the crypto market, but the regulatory terrain remains hostile and unclear with the governor of the Central Bank of Russia increasingly hinting at a highly regulated environment Cryptocurrencies have had legal status in Russia …
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By The Numbers: How Ethereum 2.0 One-Year Stats Stack Up
Ethereum 2.0 has been long in the making ever since the Beacon Chain went into operation in 2020. Since then, there have been numerous upgrades made to prepare the network for the final proof of stake move. Most recently of this has been the Kintsugi testnet that allows users of the blockchain to get a …
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Jack Dorsey Disses Ethereum, Web3 In Twitter Rampage
Twitter ex-CEO Jack Dorsey has admittedly never been a fan of Ethereum and has been quite open about his stance on the cryptocurrency. Dorsey has always been a Bitcoin maximalist through and through, showing support for the pioneer cryptocurrency at every turn. Even going as far as stepping down as Twitter CEO to focus more …
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Growth Of Bitcoin ETFs & Other Instruments Doesn’t Support Supply Shock Narrative
Data shows while the Bitcoin supply present on exchanges has been trending down, growth in other investment vehicles like ETFs and WBTC has been making up for this drop. Bitcoin Exchange Reserves Decline, But ETF And Other Instruments Enjoy Growth As per the latest report from Arcane Research, BTC exchange reserves have seen significant decline …
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Market Gets Cozy With Bitcoin Trapped? Why BTC Is Gearing Up For A Short Squeeze
Trading at $48,747 with a 1.1% profit in the past day, Bitcoin remains rangebound. The first crypto by market cap has been unable to break from the $45,500 to $49,500 channel in the last 7-days, but a combination of factors could increase volatility soon. BTC moving sideways in the 4-hour chart. Source: BTCUSD Tradingview Related …
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Biggest NFT drops and sales in 2021
Nonfungible token, or NFT, became such a tech buzzword in 2021 that even Collins Dictionary declared the abbreviation its word of the year and Google searches for NFTs spiked to record levels. Behind the term is a market that approaches $17 billion, according to Cointelegraph Research. And the NFT marketplace OpenSea is responsible for processing …
Here’s When Bitcoin Will Enter the Euphoric Rally to $200,000, According to Crypto Analyst Nicholas Merten
Popular crypto analyst Nicholas Merten is plotting a potential price path for Bitcoin that could see BTC quadruple in price to $200,000. In a new video, the host of crypto channel DataDash tells his 488,000 subscribers that BTC will skyrocket toward $200,000 sometime near the end of 2022. “We can see with the expanding cycle …
Ethereum Rival Terra (LUNA) Surges to New All-Time High After Becoming Second-Largest Blockchain by Total Value Locked
Ethereum challenger Terra (LUNA) is rallying to new all-time highs just after the large-cap altcoin hit a crucial milestone. New data from DeFi Llama, an analytics platform focused on decentralized finance (DeFi) and non-fungible tokens (NFTs), shows that Terra has overtaken Binance Smart Chain to become the second-largest blockchain by total value locked. Terra is …
NFT-collateralized loan platform Arcade raises $15M in funding round
Arcade, a platform that allows users to utilize nonfungible tokens (NFTs) as loan collateral, has raised $15 million in a Series A funding round with participation from Pantera Capital. In a Wednesday announcement, Arcade said Pantera, Castle Island Ventures, Franklin Templeton Blockchain Fund, Golden Tree Asset Management, Eniac Ventures, Protofund, Probably Nothing Capital and Lemniscap …
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Crypto.com gives ambitious 1 billion crypto users prediction by the end of 2022
Crypto.com has published a report highlighting key developments this year while also giving predictions for 2022. The predictions touch on several burgeoning areas. But perhaps most interesting is a call that the number of global crypto users will hit 1 billion by the end of 2022. Many experts agree that adoption is headed in only …
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DeFi token VISR plunges by 95% following $8 million hack
Decentralized finance (DeFi) liquidity management protocol Visor Finance became yet another victim of hackers last night as perpetrator(s) siphoned over 8.8 million VISR tokens—worth $8.1 million at the time. “On December 21st 2021 02:29:11 PM UTC a malicious contract drained Visor Finance’s staking contract of 8,812,958 VISR tokens. The attack was made possible by implementing …
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Unleashing the power of asset ownership in DeFi with London Real host Brian Rose
In this week’s Cryptonites interview, London Real founder and host Brian Rose, who “did a 180” back in 2011, when he said goodbye to his Wall Street banker lifestyle and started broadcasting on YouTube, talks about applying his 15-year experience in trading on the TradFi markets to educating people about DeFi. In 10 years of …
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