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Cardano founder Charles Hoskinson has shared his thoughts on a growing industry, which is the metaverse. The metaverse has been around for a while and has been steadily gaining popularity, especially among gamers. Its cross with the cryptoverse seemed inevitable and this proved to be true when metaverse projects with crypto built into them began to debut in the space. The announcement of Facebook’s name change has also boosted the space. When the social media giant announced that it was changing its name to Meta, in anticipation of its upcoming metaverse launch, the space seems to have exploded. Metaverse-related tokens…
Even as prices for digital currencies have soared throughout 2021, Nvidia has not cashed in on making the digital “shovels” for miners. The kind of processors that Nvidia makes, GPUs, can be used to efficiently mine ethereum by solving complicated math problems. In March, the company introduced versions of its chips specifically targeted at cryptocurrency pros called CMP. Nvidia said on Wednesday that CMP sales declined 60% sequentially in the most recent quarter, and that sales of the product line are expected to decline to “very negligible” in the fourth quarter. Sales of Nvidia CMP cards declined from $266 million…
Do you remember that Florida teenager who managed to simultaneously hack the Twitter accounts of Kim Kardashian, Elon Musk, Uber, and Barack Obama in an attempted Bitcoin scam in 2020? Law enforcement officers analyzed the blockchain ledger of “anonymized” Bitcoin transactions and were able to locate the hacker, who ended up behind bars. To most people, it might seem impossible to track transactions through Bitcoin—but that’s not really the case. The FBI’s recovery of Bitcoins paid during the Colonial Pipeline ransomware attack demonstrates that Bitcoin isn’t as untraceable as you might think. So users—particularly criminals and members of fringe far-right…
Blockchain infrastructure provider ConsenSys has reached a lofty valuation of $3.2 billion after closing a $200 million funding round, joining over a dozen other crypto-focused companies to reach coveted unicorn status this year alone. The $200 million financing round saw participation from several new investors, including Marshall Wace, Third Point and Think Investments, who contributed alongside existing investors such as Dragonfly Capital, Electric Capital, Spartan Group, Coinbase Ventures, HSBC, DeFiance Capital and Animoca Brands. ConsenSys also announced that Ethereum wallet and browser extension MetaMask has achieved roughly 21 million monthly active users, having more than doubled over the past four…
Online sleuths have this week turned their attentions to an unusual new case: the mystery of the Manchester City “decentralised finance trading analysis” partnership. Amateur detectives have been scouring the internet to find the digital footprint of a company called 3Key, who last week were announced by City as a new official regional partner. While the club did not specify in their public announcement which region they were talking about, the location of their new partner was not the only thing unknown about the deal. Individuals named as 3Key executives on a recent press release do not turn up a…
VanEck’s Bitcoin Strategy exchange-traded fund (ETF), the third Bitcoin-based futures fund to hit the market recently, rallied in its second day of trading as the volatile but booming cryptocurrency market draws in more investors. Launched on Tuesday with the Chicago Board Options Exchange (CBOE), the product (XBTF) will own Bitcoin futures contracts. While not as hotly anticipated as the spot Bitcoin ETF the firm has doggedly pursued for years, XBTF carries competitive cost and tax advantages that may turn it into a hit for financial advisors, as well as smaller investors seeking exposure to the hot crypto market. The first…
Dr. Saifedean Ammous, author of “The Bitcoin Standard” and “The Fiat Standard,” joined Dr. Jordan B. Peterson, clinical psychologist, best-selling author, and host of The JBP Podcast, to discuss money, economics, incentives, decentralization, Bitcoin, and fiat currency. “Learned a lot,” Peterson tweeted, after the conversation with Ammous. “Bought some more bitcoin. Inflation be damned.” Ammous walked through many of the nuances of Bitcoin, including its technology and economic dynamics, shedding light on plenty of reasons why the monetary system is unique. The author of The Fiat Standard, a follow-up to his famous work The Bitcoin Standard, delved into details in…
The pace of the luxury industry is rapidly accelerating due to a tremendous increase in consumer demand— that has been ever changing. Even though the general consumer market seems to be more complex than ever before, it pales in comparison when compared to the complexity of luxury goods market. The reason being is two-fold. Firstly, when it comes to personal tastes, the luxury market segmentation can be hard to please. Furthermore, when it comes to staying on top of the latest trends— with respect to pop-culture and technology, the luxury market is willing to listen and learn. In the recent…
Bitcoin fluctuated around a key inflection point of $60,000 on Wednesday as traders appeared to rein in excessive speculation that’s sent the world’s largest cryptocurrency to a record last week. The digital token fell as much as 3.4%, before paring losses to trade flat. The recent slide from an all-time of $68,991 has been attributed by some observers to profit-taking ahead of the year’s end. But the decline of meme coins like Dogecoin and Shiba Inu also suggests cryptocurrencies may be “flushing out some of the speculation” driven by retail traders, Bloomberg Intelligence analyst Mike McGlone said. “Some cleansing of…
If you’re merely dipping your toe in cryptocurrency, it can be hard to imagine your crypto as something worth talking to an estate attorney about. But that $100 in fun money could grow to a significant percentage of your total investments, sometimes overnight. Sorry to be a downer, but YOLO — so make a plan for your crypto in the event you die. Crypto accounts aren’t like traditional investment accounts. They can be more vulnerable to security issues, and you generally can’t name a beneficiary. For example, if you store your crypto on a physical device at home and a…