Category: Cryptocurrency

Jan 27
No blow-off top? Bitcoin hodler metric points to ‘depressed’ BTC price

It’s a slow grind for long-term holders with no significant macro top or bottom in sight, the Reserve Risk metric suggests. 6212 Total views 57 Total shares Bitcoin (BTC) investors are famous for their ability to “hodl” through price dips, but new data sheds light on how long they may be prepared to continue. In […]

Jan 27
The Sandbox and Warner Music Group to create music-themed LAND

The subsidiary of Animoca Brands and the global music company open their doors to a new arena for musical entertainment in the metaverse. 1895 Total views 93 Total shares The Sandbox announced Thursday a partnership with Warner Music Group, or WMG, to create a musical theme park and concert venue within the gaming metaverse. The Warner […]

Jan 27
BitDAO launches $200M zkDAO to advance Ethereum scaling via zkSync

As outlined by its creators, zkDAO will be community-driven and is currently seeking contributors. 879 Total views 27 Total shares On Thursday, a proposal to fund decentralized autonomous organization zkDAO passed via treasury protocol BitDAO with close to 200 million votes cast. The proposal was authored by Matter Labs — the organization behind Ethereum scaling protocol zkSync — […]

Jan 27
Co-founder of defunct exchange QuadrigaCX allegedly runs Wonderland

In a series of Twitter posts published Thursday, decentralized finance (DeFi) investigator zachxbt seemingly unveiled the true identity of previously anonymous QuadrigaCX co-founder Michael Patryn, doxxing him to be that of @0xSifu, the founder of DeFi protocol Wonderland. 1/ This needs to be shared @0xSifu is the Co-founder of QuadrigaCX, Michael Patryn. If you are […]

Jan 27
Crypto money laundering up by one third in 2021 but still below record

A Chainalysis report detailed how cybercriminals laundered their crypto funds in 2021 compared to the previous year, with DeFi protocols seeing the biggest increase in use. 1194 Total views 66 Total shares A new Chainalysis report has revealed that $8.6 billion in value was laundered through cryptocurrency in 2021. It marks a 25% increase from […]

Jan 27
Ban less likely? Putin says crypto mining has its advantages in Russia

Putin says that a surplus of electricity and well-trained personnel give Russia a “competitive advantage” in crypto mining. 4190 Total views 122 Total shares Russian President Vladimir Putin has given crypto enthusiasts a glimmer of hope for the future of digital assets in the country, which have been under threat from a recent push to […]

Jan 27
IRS special agent: Crypto's the future but there are ‘mountains of fraud’

IRS chief sees “mountains and mountains” of fraud in NFTs and cryptocurrencies as demand continues to rise going forward in 2022. 2168 Total views 26 Total shares A top special agent from the Internal Revenue Service has told a conference that NFTs and crypto are the “future” but highlighted that fraud and manipulation is still […]

Jan 27
NASA blasts NFTs: Says they won't take off with its imagery

Concerning NFTs, NASA stated that it “does not wish for its images to be used for these purposes. 2297 Total views 28 Total shares Despite a general consensus amongst degen apes that NFTs are headed to the proverbial moon, space agency NASA has revealed it will not clear the use of its content and logos […]

Jan 27
ETH to hit $20 trillion market cap by 2030: Ark Invest

ARK Invest’s new report predicts Ether’s market cap will reach $20 trillion and the Bitcoin price will exceed $1 million by 2030 based on BTC’s use cases and how ETH captures market share from TradFi. 643 Total views 3 Total shares A new report from Cathy Woods’ ARK Invest forecasts Ethereum (ETH) will meet or […]

Jan 27
Crypto policy advocacy group warns of 'disastrous' provision in a new US bill

According to Coin Center director, the proposed bill would essentially bypass existing checks and balances on the Treasury Secretary’s authority in surveilling financial institutions, including crypto firms. 4485 Total views 270 Total shares Jerry Brito, the executive director of non-profit crypto policy advocate group Coin Center, suggested U.S. residents call their elected officials over possible […]