News
eBay drops first NFT collection to non-crypto mainstream buyers
"You don't have to be a crypto expert to buy, sell, and collect NFTs. OneOf and eBay are bringing transformative Web3 technology to the next 100M non-crypto-native mass consumers," said OneOf CEO Lin Dai. E-commerce giant eBay has officially launched its first NFT...
Targeted phishing scam nets $438K in crypto and NFTs from hacked Beeple account
Links posted to a fake Louis Vuitton non-fungible token (NFT) raffle were made to capitalize on a recent real collaboration between Beeple and the luxury fashion brand. Digital artist and popular non-fungible token (NFT) creator Mike Winkelmann, more commonly known as...
The truth behind the misconceptions holding liquid staking back
Staking is complicated, but learning the truth behind these four myths will help to increase liquid staking mass adoption. Blockchains have relied on proof-of-work (PoW) validation since their inception. Yet the PoW consensus proved to be unsustainable with its high...
Stake or DApp? With liquid staking, you don’t have to choose
Implementation of liquid staking addresses worrisome price fluctuations and helps users to generate higher rewards by combining staking payouts and DApp yield. Last summer, Polkadot made its own little bit of history after confirming the first five projects to occupy...
Mashinsky says ‘Sharks of Wall Street’ circling around Celsius and other projects
Alex Mashinsky has stated firmly that it is opportunistic short sellers on Wall Street that is responsible for the negative price action in the markets. The CEO of crypto lending and staking platform Celsius Alex Mashinsky believes “the Sharks of Wall Street” can...
‘Huge testing milestone’ for Ethereum: Ropsten testnet Merge set for June 8
“Merging Ropsten is a huge testing milestone towards Ethereum's mainnet merge later this year,” said Preston Van Loon, an Ethereum core developer at Prysmatic Labs. The Ethereum ecosystem is set for a “huge testing milestone” with the Ropsten testnet Merge set to be...
Cloudflare to run Ethereum node experiment to help ‘build a better internet’
“Cloudflare is going to participate in the research and development of the core infrastructure that helps keep Ethereum secure, fast, as well as energy-efficient for everyone,” the firm stated. Ahead of Ethereum’s highly anticipated switch to proof-of-stake (PoS),...
Miami and New York City coins tank despite Mayoral endorsements
“People will stop mining the coin if they can’t make money off of it,” according to Michael Bloomberg who referred to the two previously hyped city coins. Despite being publicly endorsed by the respective mayors of both cities, MiamiCoin (MIA) and NewYorkCityCoin...
Goldman Sachs and Barclays invest in UK crypto trading platform Elwood
The global head of digital assets for Goldman Sachs said the demand for cryptocurrency from institutions is rising and the firm has been “actively broadening” its market capabilities to cater to that demand. Banking giants Goldman Sachs and Britain’s Barclays have...
DAOs, DEXs and whales? How Web3 organizations became the new crypto beasts
The upcoming whale migration is heading to cold DAO-infested waters. What can the industry do to accommodate the growing needs of this new breed of crypto investors? Web3 has brought a lot of excitement into the industry, as evidenced by the nearly $50 billion market...