Thu, September 24

Actor Anthony Hopkins NFT Collection Sold in 7 Minutes

The first NFT art collection by Academy Award-winning actor Anthony Hopkins, named “The Eternal Collection,” sold out on NFT marketplace OpenSea in under seven minutes. The collection is a series of over a thousand original artworks commemorating the actor’s decades-long Hollywood career, with visual references to his roles in films

October 15, 2022 1 min read

Chainalysis Reports Crypto Activity Surge in Russia and Ukraine

High inflation has affected people in both nations as a result of the war’s economic toll. Ukrainian hryvnia-denominated trade volume increased by 121% to $307 million in March. There was a spike in crypto transactions between Russia and Ukraine shortly after hostilities broke out in late February. While Russian transactions

October 15, 2022 2 mins read

NYDIG Lays Off Around 110 Employees Amid Crypto Winter

A number of big crypto firms have already announced layoffs this year. New leadership at NYDIG includes Tejas Shah as CEO. NYDIG announced in January that it had secured $1 billion at a valuation of over $7 billion. With the intention of expanding its institutional-grade Bitcoin platform to include Lightning

October 15, 2022 2 mins read

13% of Canada Citizens Hold Bitcoin (BTC) as per Report

13% of Canadians have Bitcoin, up significantly from 5% in 2018-2020. Additional research on Bitcoin has been conducted by the Bank of Canada since 2016. Key figures reflecting Canadians’ preference for crypto assets have been released by the Bank of Canada. As part of its Financial System Review. New statistics

October 15, 2022 2 mins read

Skype Co-founder Leads $13M Investment in Mining Gear Firm

Metaplanet’s investment is not Tallinn’s first step into cryptocurrencies. Tallinn acknowledged owning majority of his fortune in Bitcoin. Fabric Systems, a cryptography hardware technology firm, has completed a seed round raising $13 million from investors. In order to develop low-power Bitcoin mining gear. The funding came from 8090 Partners, a

October 14, 2022 2 mins read

Brazilian Authorities Issues Rules To Classify Crypto as Securities

In a recent advisory opinion paper, the Brazilian Securities and Exchange Commission (CVM) addresses the topic of crypto-based securities. In it, a lack of regulation is acknowledged, and cryptocurrencies are defined as digitally represented assets. Safeguarded by cryptographic technology, and transacted and stored by Distributed Ledger Technologies (DLT). Tokens that

October 13, 2022 2 mins read

Uniswap Labs Valuation Stands at $1.66B After $165M Funding

The firm is now focusing on growing its Web3, DeFi, and NFT market offerings. Uniswap Labs is now a $1.66 billion unicorn. The corporation behind the decentralized cryptocurrency exchange Uniswap, Uniswap Labs, has declared a $1.66 billion valuation after obtaining $165 million in a Series B fundraising round. Polychain Capital

October 13, 2022 2 mins read

Inflation in Germany Records 3-Decade High of 10% in September

It’s worth noting that inflation has been over 7% for the last seven months. The country in question had the biggest positive flows of crypto, totaling $2.9 million. Rising inflation has eroded the purchasing power of the average person throughout the globe, creating a cost-of-living issue. Inflation rates throughout the

October 13, 2022 1 min read

Bitcoin Mining Reserves Falls to Decade Low Amid Low Price

IntoTheBlock, a blockchain analytics company, reports that the quantity of Bitcoin kept in reserve by mining businesses has dropped to levels not seen since February 2010. That’s been the case for most of 2022 as well. According to IntoTheBlock, Bitcoin miners had a total of 1.91 million BTC in their

October 13, 2022 1 min read

Coin Center Sues OFAC Over Tornado Cash Sanction

Coin Center sees the action filed today as crucial to the protection of users’ privacy. Coinbase filed a federal lawsuit against the US Treasury last month. Crypto policy-focused non-profit ‘Coin Center’ on Wednesday sued the US Treasury Department’s Office of Foreign Asset Control (OFAC), alleging that OFAC exceeded its power

October 13, 2022 2 mins read