Self-proclaimed tinkerer 0xDEAFBEEF has hit it big with audiovisual NFTs that slowly degrade in quality every time they’re traded.
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Mad scientist’s NFTs degrade when they’re traded: 0xDEAFBEEF, NFT Creator
Self-proclaimed tinkerer 0xDEAFBEEF has hit it big with audiovisual NFTs that slowly degrade in quality every time they’re traded.
Mad scientist’s NFTs degrade when they’re traded: 0xDEAFBEEF, NFT Creator
When NFTs first took off, it was Beeple’s digital art, CryptoPunks and Bored Ape Yacht Club PFPs that dominated the headlines and top sales — but one individual bucked the trend in a unique way, garnering attention with generative audiovisual art using just a C compiler.
That individual was 0xDEAFBEEF, an artist and engineer based in Toronto, Canada who’s spent over 20 years experimenting with art, technology, music, generative art, computer animation, blacksmithing and sound recording.
Using low-level computer code and a minimal toolset to craft raw information into audiovisual artworks has proven more popular than you might expect. A collection of six of 0xDEAFBEEF’s sold for $6.8 million in August 2021, and two weeks ago, “Series 1: Angular – Token 134” fetched $241,300 at Sotheby’s. It was auctioned during part 1 of “Grails,” a collection of highly desirable NFTs originally owned by the now-insolvent 3AC (Three Arrows Capital).
Trained on classic piano as a kid and somewhat of a mad scientist when it came to audio equipment, discovering a programmable blockchain in Ethereum was a revelation.
“I’d describe myself as a tinkerer, jumping around between many fields, overlapping art and technology. It just happened that the project that I commenced before I knew anything about NFTs, doing audiovisual work with code, happened to align with things that were happening within Ethereum,” 0xDEAFBEEF says.
Cuba Bitcoin community hosts BTC-only meetup
The Cuba Bitcoin community hosted the country’s first-ever Bitcoin-only meetup in Havana over the weekend, attended by 60 crypto-curious Cubans.
Binance to delist privacy tokens in France, Italy, Spain and Poland
Binance users in France, Italy, Poland and Spain will no longer be able to buy or sell 12 privacy tokens starting from June 26.
Crypto community's 'send ETH' tweets spark various theories and warnings
Several social media accounts followed the trend, with one requesting ETH to purchase an NFT and another pledging to spend the money on drugs.
Blockchain firm raises $25M to develop third-generation architecture
Swiss nonprofit Anoma Foundation has secured a significant funding boost to continue the development and research of its third-generation blockchain architecture.
A third fundraising round secured $25 million for the organization, which is building what it describes as a generalized intent-centric blockchain architecture. The technology is touted to enable the development of completely decentralized applications (DApps) and services, ranging from decentralized exchanges (DEXs) to blockchain rollup protocols.
Anoma co-founder Adrian Brink told Cointelegraph that its third-generation architecture offers more composability and ease of use than existing smart contract protocols like Ethereum and its Ethereum Virtual Machine (EVM).
Brink highlighted the evolution of blockchain systems, with Bitcoin (BTC) being the first generation of scriptable settlement architectures. Ethereum became the second generation with programmable settlement architecture, while Anoma looks to further the decentralization of existing blockchain-based applications and platforms:
“Anoma is the first architecture that is intent-centric, marking the third generation of architectures that contrast with the current transaction and blockchain-centric architectures.”
Blockchain firm raises $25M to develop third-generation architecture
Intent-centric blockchain protocol Anoma secures $25 million in funding to continue developing its third-generation architecture.
Chinese officials issue warning about AI and national security
Leaders in Beijing have stressed the need for “dedicated efforts” to protect national security and improve the security governance of artificial intelligence.
AML rules for digital assets to come into effect in UAE
The licensed financial institutions would be required to verify the identities of all customers.
SEC former chief warns influencers about persecution for crypto price manipulation
SEC has started to clamp down on crypto influencers and has issued several fines and cease and desist orders over the past few years.
Former SEC chief warns influencers about prosecution for crypto price manipulation
The SEC has started to clamp down on crypto influencers, issuing several fines and cease and desist orders in the past few years.
CNHC stablecoin issuer detained by Chinese police: Report
The Chinese government continues to crack down on the cryptocurrency industry with a new investigation targeting a major Chinese yuan stablecoin issuer.
The team of Trust Reserve, the issuer of the Chinese yuan-pegged stablecoin CNHC, has been detained by the Chinese police, the local blockchain publication PANews reported on May 31.
According to the report, Trust Reserve employees have been out of reach since afternoon May 29 due to multiple arrests. Some employees’ family members have also been reportedly notified about the detentions.
PANews also learned that Trust Reserve’s office in Pudong, Shanghai was empty as of May 31. The door was sealed on May 29, with a notice saying “Judicial seizure, strictly no vandalism.”
Trust Reserve’s office in Pudong, Shanghai. Source: PANewsTrust Reserve, formerly known as CNHC Group, is the issuer of the Chinese CNHC stablecoin as well as the Hong Kong dollar-pegged stable currency HKDC.
CNHC stablecoin issuer detained by Chinese police: Report
KuCoin Ventures and Circle Ventures are among the investors in the Chinese offshore yuan-pegged stablecoin, which is reportedly under investigation in China.
Bitcoin risks 'new lows' into monthly close as BTC price retests $27K
BTC price performance looks limp on the last day of May, with the 200-week moving average rapidly coming into view.
Bitcoin risks ‘new lows’ into monthly close as BTC price retests $27K
Bitcoin (BTC) tested $27,000 on May 31 as weakness prevailed into the monthly close.
BTC/USD 1-hour candle chart on Bitstamp. Source: TradingViewAnalyst: Bitcoin reaching “crucial area”
Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it continued to lose momentum after local highs near $28,500.
As early-week excitement faded, traders and analysts warned that now was a make-or-break point for the short-term trend.
“Crucial area approaching here for Bitcoin and dipped into it,” Michaël van de Poppe, founder and CEO of trading firm Eight, summarized.
“If this zone sustains as support & Bitcoin will be able to reclaim $27,500, everything looks like we’ll continue the upwards trend. Drop beneath $26,600 and we’ll see new lows.”
XDC Network gets Japanese foothold via partnership with SBI subsidiary
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Indian banks asked 'to prepare for the future' with AI and blockchain
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‘Bitcoin Jesus’ says Ethereum is the front-runner for global crypto adoption
Roger Ver said that Ethereum, not Bitcoin, will lead the most new users to crypto.
‘Bitcoin Jesus’ says Ethereum is the front-runner for global crypto adoption
Roger Ver said that Ethereum, not Bitcoin, will lead the most new users to crypto.