The Arrington Capital-backed consortium outbid NovaWulf to acquire Celsius Network’s assets, while the Blockchain Recovery Investment Consortium serves as a backup bid.
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Gaming is the 'largest scale opportunity' for crypto: Polygon co-founder
Polygon co-founder Sandeep Nailwal said growing industries “invites a lot of speculation early on” but the genuine use cases will eventually rise to the surface.
Bitcoin price hangs in the balance — Friday’s $2.26B BTC options could result in more downside
Bitcoin bears benefit from the current macroeconomic uncertainty and are aiming for a $270 million profit if the BTC price falls below $25,000.
Jump Crypto finds double-voting vulnerability in Celer’s SGN
The bug would have allowed malicious validators to compromise the network and applications that rely on it, including Celer’s cBridge.
Multichain token plunges 30% on backend upgrade delay
The MULTI protocol's TVL remains largely unchanged at $1.6 billion despite a large selloff in the token price.
Bitcoin dips 5% to key support in ‘moment of truth’ for crypto market
Both BTC price and the total crypto market cap line up a retest of the 200-week moving average — a key bear market support line.
Project takes off with $31.6M in alleged exit scam
On-chain detective ZachXBT believes that the project has “likely exit scammed” after bridging $31.6 million to multiple addresses on Tron and Ethereum.
Ethereum is ‘woefully undervalued’ but growing more powerful: DeFi Dad, Hall of Flame
DeFi Dad has 152,100 Twitter followers. He’s a DeFi podcaster, head of portfolios at Fourth Revolution Capital and a prolific crypto YouTuber.
Who is this guy anyway?
Travis Blane, who is better known as “DeFi Dad” to his 152,100 Twitter followers, has been actively making crypto content since 2019.
He’s also the head honcho of marketing and portfolio support at Fourth Revolution Capital, an adviser for several Web3 projects, including Zapper and Push Protocol, and hosts two podcasts, The Edge Podcast and The DeFi Podcast.
Somehow, he still manages to tuck his two kids into bed every night and fight off monsters for them – which is completely on brand for Blane.
Blane is a jack of many trades but has defied the old saying and actually mastered some, too.
Ethereum is ‘woefully undervalued’ but growing more powerful: DeFi Dad, Hall of Flame
DeFi Dad says he’d be shocked if Bitcoin doesn’t hit $500K within 10 years, but he thinks Ethereum is getting more powerful all the time.
Financial surveillance, privacy and CBDCs: Why are governments going cashless?
Attorney Marta Belcher joins The Agenda podcast to unpack financial surveillance’s vast infrastructure and warn of the potential ramifications of central bank digital currencies.
$160K at next halving? Model counts down to new Bitcoin all-time high
Bitcoin (BTC) price action may lack momentum this month, but one popular analyst is still eyeing new all-time highs.
In his latest analysis, TechDev confirmed that he believes BTC/USD will see a “parabolic top” around the 2024 block subsidy halving.
Can Bitcoin gain 500% in a year?
Less than 12 months away, Bitcoin’s next halving is already the topic of debate among market participants.
Some argue that the event will lay the foundations for the next all-time high, in line with previous halving cycles.
For TechDev, however, the new BTC price record should come sooner than later, in Q2 of 2024.
Foresight Ventures pledges additional $10M for Web3 accelerator
The venture capital firm will allocate up to $200,000 to blockchain projects that it deems promising.
Web3 threatened by Web2.5 and regulations, exec warns
Outlier Ventures founder Jamie Burke warns that as projects compromise with products that are not interoperable, the vision of Web3 goes further from becoming realized.
Ledger key recovery service paused amid backlash, will open-source code
In a May 23 Twitter Space, Ledger CEO Pascal Gauthier said the past week has been a “humbling experience.”
Ethereum price is pinned below $1.9K, and data suggests that is unlikely to change in the short–term
Ether’s price has been stuck below $1,920 for the past 16 days, which is especially concerning since the latest breakout attempt on May 6 lasted less than 24 hours. Excluding this brief price pump, Ether’s (ETH) journey below $1,920 was initiated on April 21, over 30 days ago.
One can likely blame the Ethereum network’s $8.80 average transaction fee for investors’ diminished appetite, but the macroeconomic environment has also played an important role. On May 22, JPMorgan Chase CEO Jamie Dimon said it is impossible to predict the outcome of the Federal Reserve’s monetary policy, designed to curb inflation.
As CNN reported, Dimon added:
“You’re already seeing credit tighten up because the easiest way for a bank to retain capital is not to make the next loan."
The uncertainty surrounding the United States debt ceiling standoff between Joe Biden’s administration and the U.S. Congress is the probable cause for the worsening sentiment among institutional investors toward cryptocurrencies. According to CoinShares’ latest “Digital Asset Fund Flows Report," outflows across digital asset investment products hit $232 million over the past five weeks.
Dispersion Capital launches $40M venture fund to ‘bring Web3 to the masses’
The firm aims to fund startups building infrastructure for Web3 and other decentralized technology projects.
Bitcoin surpasses Solana to become second most popular NFT blockchain
Bitcoin’s NFT market is growing, but it is primarily driven by newfound hype for memecoin trading on the blockchain.
Solana integrates AI into blockchain, raises grants fund to $10M
The ChatGPT plugin integrated into Solana is open source and can be downloaded from GitHub.
CBDCs on the horizon: The current state of CBDC initiatives around the world
Central bank digital currencies gain traction as countries worldwide engage in their development despite skepticism from the crypto community.
NFT ticketing dishes out a punch at mixed martial arts league
The mixed martial arts organization, Professional Fighters League, will use NFT tickets, becoming the latest sports body to explore the Web3 ticketing functionality.