Ethereum co-creator Vitalik Buterin believes NFTs can be applied to socially relevant causes such as charities and funding public goods, but not while the technology is still viewed as a “casino that largely benefits already-wealthy celebrities.” The author of the Ethereum whitepaper said there was little social value in helping celebrities like Elon Musk add
Elon Musk’s electric car company, Tesla, has started accepting bitcoin payments. Musk, whose title is now Technoking of Tesla, also confirmed that all “Bitcoin paid to Tesla will be retained as bitcoin, not converted to fiat currency.” Tesla Now Accepts Bitcoin Tesla has begun accepting bitcoin payments. Elon Musk, who recently changed his title from
Cryptocurrency traders — according to the findings of a new study commissioned by the United Kingdom’s Financial Conduct Authority — are a young and diverse bunch who are not always level-headed in their investment choices. The study, conducted by the international strategy consultancy BritainThinks between mid-August 2020 and late January 2021, was based on a sample of
Prominent Indian entrepreneur and government advisor Nandan Nilekani has spoken in favor of cryptocurrencies as the government reportedly mulls a ban on private digital assets. Nilekani joined a Clubhouse session with angel investor Balaji Srinivasan to discuss the state of crypto in India, local business news publication Moneycontrol reported Monday. Nilekani is a co-founder of major
On March 23 bears managed to push the price of Bitcoin (BTC) below the $54,000 support level as various on-chain data suggests that whale wallets have begun slowing down purchases and are transferring the risk to retail investors. Data from Cointelegraph Markets and TradingView shows that the downtrend that began on March 22 and continued
Vesper Finance, a recently launched DeFI yield suite co-founded by former Bitcoin core developer Jeff Garzik, has surpassed a TVL of $1 billion within six weeks of launching on mainnet. Garzik, also an executive of blockchain technology firm Bloq Inc, tweeted the news on March 23 while also revealing the team had open-sourced its smart
A report by analytics provider Coin Metrics has delved into the world of Ethererum transaction fees noting that they’re still at highest-ever levels and even a much touted approaching network upgrade is unlikely to alleviate the problem. According to the Ethereum Gas Report by Coin Metrics, median fees on Ethereum have been consistently over $10
Samuel Bankman-Fried’s FTX crypto exchange is reportedly one vote away from winning a naming-rights deal for the arena of the NBA’s Miami Heat. The deal, which is believed to be worth $135 million, is set to be approved on March 26 by the Miami-Dade County Commission. Miami-Dade to Get $5 Million a Year According to
UNI, the governance token of Uniswap, the most widely utilized automated market maker (AMM) in DeFi, has surged significantly after the launch of Uniswap V3 on March 23. At just over $35 per token, UNI has gained nearly 23% in the past week The Uniswap team said: “Today, we are excited to present an overview
A federal judge has implied that an individual may not have the right to force the Internal Revenue Service, or IRS, to expunge financial records it obtains from crypto exchanges. In granting a motion to dismiss filed in December, Judge Joseph DiClerico in the District of New Hampshire suggested the Internal Revenue Service has no
CNBC host Jim Cramer has revealed he made “a ton of money” on Bitcoin (BTC) but gold “let him down.” In an episode of the Pomp Podcast released March 22, Cramer thanked host Anthony Pompliano for inspiring him to invest $500,000 in BTC. Cramer after Bitcoin buy: “Thank you” “Here’s what’s going on: you made
On March 23 the Coinbase listing ‘bump’ reemerged as the exchange announced that it would list Ankr (ANKR), Curve DAO Token (CRV), and Storj (STORJ) on Coinbase Pro. A blog post from the top U.S.-based cryptocurrency exchange stated that inbound transfers for ANKR, CRV and STORJ are available beginning March 23 with trading set to “begin on
Global developments over the past year have reshaped all aspects of daily life for most people and initiated some structural changes in how society operates. Lockdowns and travel restrictions have led to the rise of remote working and altered the way people make use of their free time. The coronavirus pandemic essentially shut down travel
The American news magazine Time has revealed it is getting into the cryptocurrency and blockchain space, as a new job listing shows the 98-year-old publication is in search of a chief financial officer (CFO) who understands bitcoin. Additionally, Time will be selling non-fungible token (NFT) assets via Superrare and in 30 days, the news outlet
South Korea is heading into a new period for its crypto industry, with stringent new rules coming into effect on March 25 that will require all cryptocurrency businesses to comply with new crypto reporting regulations and registration rules. As an article from the Korea Herald outlines, industry experts fear that the impact of the new measures —
THETA, the native token of the Theta Network — a decentralized blockchain-based video delivery network — has entered the top 10 cryptocurrencies by market capitalization. On March 23, THETA overtook Chainlink (LINK) as the 10th biggest cryptocurrency by market capitalization at nearly $11.5 billion, according to data from CoinGecko. At publishing time, LINK’s market cap