Monthly Archives: May 2022

Uzbekistan President Issues Decree Regulating Cryptocurrencies, Mining and Trading

The government of Uzbekistan has moved to expand its crypto regulations through a decree signed by President Shavkat Mirziyoyev. The document provides definitions for terms like crypto assets, exchange, and mining, and determines the main regulatory body for the industry. Agency Under President Mirziyoyev to Oversee Crypto Market in Uzbekistan Uzbekistan’s head of state, Shavkat Mirziyoyev, has signed a new decree expanding the regulatory framework for the Central Asian nation’s crypto space. Its stated goal is to further develop digital technologies, create favorable conditions for entrepreneurship and […]

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Top 5 cryptocurrencies to watch this week: BTC, LUNA, NEAR, VET, GMT

A few days of consolidation from BTC price could lead to a healthy bounce from LUNA, NEAR, VET and STEPN. The month of April has been a forgettable one for equities and cryptocurrency investors. Bitcoin (BTC) plummeted 17% in April to record its worst ever performance in the month of April. Similarly, the Nasdaq Composite plunged 13.3% in April, its worst monthly performance since October 2008.  However, a major positive for crypto investors is that Bitcoin is still above its year-to-date low near $33,000. In comparison, the […]

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After Solana’s Co-Founder Said BTC Should Change Its Consensus Algo, Solana Mainnet Loses Consensus for 7 Hours

While Ethereum users participating in the Otherside metaverse land sale caused network fees to rise and created issues for the blockchain explorer Etherscan, it overshadowed Solana’s blockchain network outage. It seems a flood of inbound transactions on Saturday caused Solana’s mainnet to lose consensus for roughly seven hours. Solana’s Mainnet Loses Consensus for 7 Hours The Solana proof-of-stake (PoS) blockchain network suffered another outage after a significant amount of transactions flooded the network. Solana’s PoS network has had difficulties in the past, as block production stalled for […]

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No One Understands Bitcoin, And That’s Okay

Bitcoin is an infinitely complex system that is a zero-to-one invention with little for us to compare it to, so no one can fully understand Bitcoin. Jameson Lopp, one of the earliest developers in Bitcoin says, “Nobody understands bitcoin, and that’s okay.” Truer words were never spoken. It’s actually a useful starting point for the topic I’m writing about now. I’m absolutely neutral on whether you decide to buy or, better yet, save in bitcoin. My only goal is to help chip away at our collective ignorance. […]

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Value Locked in Defi Drops Below $200 Billion, April’s Dex Trade Volume Drops 21% Lower Than March

While the crypto economy shed billions this week, the total value locked (TVL) in decentralized finance protocols slipped under the $200 billion range to $196.6 billion. The TVL in defi lost roughly 3.16% during the last day, and the $592 billion in smart contract protocol tokens dropped in value by 3.5% over the last 24 hours. Defi TVL Slips Below $200 Billion, Numerous Protocols Shed Billions, Dex Trade Volume Dives The value locked in defi has slipped under the $200 billion mark for the first time since […]

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The Largest NFT Mint in History — Bored Ape’s Otherside Virtual Land Sale Raises $320 Million

On Saturday, the creators of Bored Ape Yacht Club (BAYC), Yuga Labs, revealed the Otherside metaverse virtual land sale which turned out to be one of the largest non-fungible token (NFT) mints to date. The Otherside metaverse virtual land sale raised close to $320 million by selling 55,000 parcels of Otherside land. Otherside Metaverse Sees $320 Million Raised, Ether Fees Spike, Etherscan Crashes The Otherside metaverse virtual land sale took place on Saturday, and a great deal of people purchased Ethereum-based NFTs dubbed “Otherdeeds.” Demand for the […]

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Does Bitcoin Have Intrinsic Value?

Contrary to popular belief, value cannot exist without an evaluator. Bitcoin has both objective and subjective value which is only starting to be recognized. Listen to various Bitcoin critics for long enough and you’ll inevitably hear the argument that Bitcoin can’t possibly succeed because it doesn’t have any intrinsic value. You can’t hold a bitcoin in your hand, you can’t wear it, you can’t do anything with it besides trade it to someone else. Gold bugs love to point out that unlike bitcoin, gold is used in […]

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6 Questions for Dawn Newton of Netki

We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and throw in a few random zingers to keep them on their toes!   This week, our 6 Questions go to Dawn Newton, co-founder and chief operating officer of Netki a remote digital identity verification technology provider intended to facilitate compliance with KYC/AML regulations. Dawn Newton is the chief operating officer and co-founder of Netki, the Know Your Customer and Anti-Money Laundering technology provider purpose-built for blockchain. Dawns work is driven […]

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Go green or go home? What the NY State mining moratorium could mean for crypto industry

The “anti-technology” bill could accelerate mining operators’ switch to renewable energy, experts say. On April 26, the State of New York put itself at the forefront of the regulatory struggle with crypto, as its Assembly voted for a two-year moratorium on crypto mining operations that use energy generated by fossil-fuel power plants. Depending on how one looks at it, this development could either signal a new alarming legislative trend or a trigger that would accelerate the digital asset industry’s movement toward a more sustainable path.  Moratorium with […]

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NFTs, DAOs and the importance of roadmaps

A deep dive into the worlds of nonfungible tokens and decentralized autonomous organizations, and how they can benefit from each other. this JPEG can have sex with this JPEG and make a new baby JPEG? Say what?” When CryptoPunks started out in 2017, they seemed silly to many. They were just 128 X 128 pixels. Who cares about that? They weren’t really cool until Gary Vee had a mastermind call with influencers and said, “Crypto Punks are going to be huge, go get a bunch of them.” […]

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