Monthly Archives: July 2021

Bitcoin Is Absurd, Part I: Volcano Mining And The Banana Republic

A philosophical dive into how truly absurd the slow but sure monetary takeover bitcoin has been experiencing is. Barely more than two weeks ago I listened live along with more than 20,000 others to President Nayib Bukele of El Salvador and his brother/campaign manager Karim discuss their country’s decision to officially make bitcoin legal tender. Celebrities, billionaires, developers, intellectuals, politicians and anonymous plebs alike listened in while the president answered questions from people with the niche expertise to know exactly what to ask and what to go […]

More info

NFT Marketplace Backed by Mark Cuban Raises $13 Million in Series A

The Mark Cuban-backed non-fungible token (NFT) marketplace Mintable has raised $13 million in a Series A funding round, according to an announcement on Thursday. The Singapore-headquartered Mintable, plans to use the funds to expand its offerings, as the application already features 700,000 NFTs minted on the Mintable platform. NFT Marketplace Mintable Raises $13 Million On July 1, 2021, the NFT marketplace Mintable announced that it had raised $13 million in a Series A financing round. Investment stemmed from well known investors like Metapurse, Ripple Labs, Animoca Brands, […]

More info

Torum, the Swiss Army Knife of the Crypto Ecosystem

If you ever wondered why crypto projects rise and fall so quickly, you are not alone. In fact, barely 7 months after the 2017 bull run ended, over 800 projects have ceased to exist like a puff of smoke. To understand the reason why 90% of crypto startups are going to fail, there are a couple of factors that need to be considered, including shortage of funds, over-reliance on hype, and immature business model. Nevertheless, without projects paving the path towards innovations, there would be no DeFi, […]

More info

3 reasons why analysts are turning bullish on Curve Finance (CRV)

Attractive yields for stakers, protocol revenue and competition among DeFi protocols have analysts pointing to a bullish long-term view for Curve Finance. Choppy markets after a major pullback offer ample time to take a survey of the cryptocurrency landscape and find solid projects with improving fundamentals that have caught the attention of analysts and tokenholders.  One project that has piqued the interest of many, including researchers at Delphi Digital, is Curve Finance, a decentralized exchange for stablecoins that focuses on providing on-chain liquidity using advanced bonding curves. […]

More info

Blockware Mining raises $25 million to triple hash rate from Kentucky facility

Blockware raised $25M in a second oversubscribed round to expand bitcoin mining operations in a state with some of the lowest U.S. industrial electricity costs. Blockware announced Thursday that they have raised $25M in a second oversubscribed fundraising round. They plan to use the funds to expand their bitcoin mining operations in Kentucky, and will also install 8,000 more bitcoin mining rigs on its Paducah campus, where it recently purchased 5 acres of land. The company has already purchased the necessary rigs, and 6,000 more that it […]

More info

1inch to launch dollar-pegged stablecoin with ICHI

The new one1INCH stablecoin will be collateralized by a combination of USDC and 1inch’s native token. Decentralized exchange aggregator 1inch has partnered with the ICHI platform to issue a new stablecoin pegged to the U.S. dollar. In a Thursday announcement, 1inch said it planned to mint a stablecoin “with a blend” of its native 1INCH token and USD Coin (USDC) through ICHI’s Decentralized Monetary Authority, or DMA. The new one1INCH stablecoin — all issuers on ICHI begin with the prefix “one,” referring to its Japanese namesake — […]

More info

Enjin’s EFI token sale nets $20 million as NFT aspirations grow

EFI is the native cryptocurrency of Efinity, a Polkadot-based parachain developed by Enjin. The token sale, which was open to retail investors, sold out in just two-and-a-half hours. A public sale of EFI token on CoinList netted Enjin $20 million in proceeds, setting the stage for a successful launch of a nonfungible token, or NFT, network on Polkadot.  A total of 40,089 users participated in the token sale, which closed in just two-and-a-half hours, Enjin announced Thursday. Over 600,000 users had registered for the sale, making it […]

More info

World Wide Web Inventor Tim Berners-Lee Sells NFT for $5.4M — ‘Embarrassing’ Coding Error Spotted in NFT

Sir Timothy John Berners-Lee, the English computer scientist who is well known for inventing the world wide web has sold a non-fungible token (NFT) in an online auction hosted by the auction house Sotheby’s. The NFT is basically a video of the World Wide Web’s source code created in Python and the collectible sold for $5.4 million. Tim Berners-Lee and Sotheby’s Auction NFT for $5.4 Million This week, Sotheby’s revealed that Tim Berners-Lee sold an NFT of the original source code for the world wide web for […]

More info

Cycling On-Chain #2: Bitcoin Enters Geopolitics

China cracks down against Bitcoin while El Salvador adopts it as legal tender; who’s making the right move? Dilution-proof, July 1, 2021 Cycling On-Chain is a monthly series that uses on-chain and price-related data to better understand recent market movements and estimate where we are in bitcoin’s larger market cycle. After providing a broader look back and forward in the previous edition, we’ll now look at Bitcoin’s on-chain data through the lens of June’s two most impactful events that introduced Bitcoin to the geopolitical stage: China cracking […]

More info

Interview: Debating The Nature Of Bitcoin With Karim Hemly

Karim Helmy of Galaxy Digital discussed the nature of Bitcoin and whether it’s personal or technological. Watch This Episode On YouTube Listen To This Episode: Apple Spotify Google Libsyn Overcast Karim Helmy of Galaxy Digital joined the “Bitcoin Magazine Podcast” to discuss one of the most interesting and deep conversations in Bitcoin: What is its nature? Helmy has a rich history studying the Bitcoin blockchain and is an expert on bitcoin mining in particular. Host Christian Keroles has very strong views on what Bitcoin is and some […]

More info
1 2 3 6