News
Board urges Bank of Central African States to introduce common digital currency: Report
The Central African Republic, one of the nations served by the Bank of Central African States, passed legislation adopting Bitcoin as legal tender in April. The Bank of Central African States, or Banque des États de l'Afrique, which serves Cameroon, the Central...
Large institutions sold $5.5B in BTC since May — and we’re still here
Massive sell-offs from institutions appear to have been the driving force behind the drop in Bitcoin price since May, according to an analyst from Arcane Research. Since May 10, as much as 236,237 Bitcoin (worth $5.452 billion) has been sold by “large institutions” —...
Nifty News: BAYC hodler loses 100 ETH in ‘joke’ domain sale gone wrong
Nickelodeon’s sell-out NFT drop has surged to second place on OpenSea’s 24-hour sales volume chart, and former Simpson’s animator Erick Tran is working on an animated NFT series. A major Bored Ape Yacht Club (BAYC) NFT hodler lost 100 Ether (ETH), worth $150,000 as a...
Will Ethereum Merge hopium continue, or is it a bull trap?
ETH has gained 48% over the past week, leaving most of its crypto brethren behind — though it's still risky days ahead given the macroeconomic factors still at play. Ethereum is outperforming the broader cryptocurrency market as the highly anticipated Merge...
Celsius lawyers claim users gave up legal rights to their crypto
Lawyers for the bankrupt crypto lender reaffirmed that user funds essentially belonged to the company and not the user, with potentially one major exception. Celsius’s 1.7 million registered users across over 100 countries gave up title to the crypto they deposited...
Otherside Metaverse demo kicks off with 4,500 participants: highlights
The highly anticipated first trip into the Otherside Metaverse went off with 4,500 users, as the project’s Otherdeed NFTs surpassed $1 billion in sales. Around 4,500 people havejumped into the “first trip” tech demo of the Otherside Metaverse project associated with...
Axie Infinity: Re-engineering its destiny in the GameFi landscape
Can Axie Infinity rise to its former glory, as a form of “extreme entrepreneurship” where success can happen overnight, amid the crypto winter and uncertain global economy? Axie Infinity, the blockchain-based game that has popularized the play-to-earn gaming model,...
The creator economy: How we arrived there and why we need its Web3 upgrade
The past, present and future of the creator economy: Looking back at the past is a great way to get real insights into what is happening today and why exactly in that way. Does the term “creator economy” make you think of some idealistic environment where creativity,...
BTC mining costs reach 10-month lows as miners use more efficient rigs
It now costs less to mine a single Bitcoin which could help to reverse the falling profitability trend while lowering power demands on the network. The cost of mining one Bitcoin (BTC) has fallen to ten-month lows as mining hardware becomes more efficient, and...
Voyager token skyrockets as VGX pump scheme touted
Unknown crypto venture firm MetaFormLabs has initiated a campaign to pump Voyager Token (VGX) as part of a proposed Voyager rescue package. The native token for the embattled crypto brokerage Voyager Digital has skyrocketed in what seems to be a new effort to inflate...