Reddit co-founder and Polygon launch $200M Web 3.0 social media initiative
“We are still in the early days of Web 3.0, and the most obvious opportunities right now are in gaming and social,” said Ohanian. On Friday, Polygon and Alexis Ohanian’s…
Nifty News: Melania Trump drops NFT, Arabian Camels produces NFT film and Whitney Houston keeps selling hits
NFT mania may have cooled, but the industry is still booming. Melania Trump, Whitney Houston and Applebee’s made NFT-inspired headlines this week. Catch up on nonfungible token (NFT)-related news this…
US Financial Stability Oversight Council identifies stablecoins and cryptos as threats to financial system
“The Council recommends that state and federal regulators review available regulations and tools that could be applied to digital assets,” says the FSOC. In an annual report published on Friday,…
Finance Redefined: 83% of 7-figure Millennials own crypto, Sen. Warren criticizes DeFi, Dec. 10–17
A new study finds that more than 80% of millionaire youths hold digital assets, Senator Warren attacks stablecoins and billions are locked in the Eth2 contract. Welcome to the latest…
YFI price gains 46% in just four days after Yearn Finance’s $7.5M buyback
Its “decentralized” Treasury has more than $45 million and would pursue similar YFI buybacks in the future. Yearn Finance (YFI) emerged as one of the best performers in the crypto…
Russia to Decide Between Full Ban and Legalization of Crypto Investments, Trade
Authorities in Russia are discussing two very different approaches to the regulation of cryptocurrencies and related activities. While the Bank of Russia is reportedly seeking to introduce a ban on…
Canaan Secures Order for 30,000 Bitcoin Mining Rigs From Genesis Digital Assets
The application-specific integrated circuit (ASIC) bitcoin mining rig manufacturer Canaan has announced the company has secured a follow-on contract from Genesis Digital Assets for 30,000 mining machines. The sale is…
Value Locked in Defi Continues to Slide, ETH Defi Dominates by 65%, Solana Transactions Reign
The total value locked (TVL) in decentralized finance has slid 15.63% since the metric’s all-time high of $275 billion sixteen days ago on December 1. Since the end of the…
Altcoin Roundup: Three smart contract platforms that could see deeper adoption in 2022
2021 is coming to a close and the Ethereum network still has a fee problem. Here’s how competitor networks attempted to capitalize on Ethereum’s unresolved issues. Decentralized finance (DeFi) dominated…
Going meta: digital cities, attacks on female creators, and more
Seoul looks to join the metaverse starting in 2023, Meta challenges a women’s right to control the Instagram handle “metaverse,” and Francis Haugen issues a warning about the potential risks…
YFI, HXRO and AR post gains even as Bitcoin price dips to $45.5K
Yearn.finance, Hxro and Arweave managed to post positive gains even as BTC and ETH price saw sharp pullbacks. Bitcoin (BTC) bulls took another beating on Dec. 17 as a midday…
Genius Yield raises $118M via ISPO in first 48 hours
The initial stake pool offering has seen significant uptake, with one of the four GENS pools being nearly fully committed in just two days. On Dec. 15, Genius Yield, a…
Bitcoin Price Prediction: BTC/USD Dips Below $47,000
Bitcoin Price Prediction – December 17 According to the daily chart, the Bitcoin price loses traction after hitting $48,000; losses likely to continue in the near term. BTC/USD Long-term Trend:…
3 reasons why Solana (SOL) price could see additional upside in 2022
Steady ecosystem growth, institutional investment and a healthy derivatives market are strong signals that SOL will continue to be a top contender in 2022. Solana (SOL) has become a top…
Crypto derivatives can foresee price action but need institutional buzz to truly shine
The crypto derivatives market plays an important role in price discovery, but institutional investors are needed to add depth. The cryptocurrency market has been under a period of duress, with…