Turmoil in China, concerns over the global economy and BlockFi’s bankruptcy filing are all weighing on crypto markets this week. China witnessed a spike in Covid cases and that has resulted in strict lockdown restrictions in several parts of the country. This triggered widespread protests in China and has possibly pulled the global stock markets...Continue Reading

About 72.43% of the community votes went against CoinShares’ proposal to invest MakerDAO’s funds into various traditional assets Decentralized lending protocol, MakerDAO, has voted against crypto investment firm CoinShares’ proposal to invest between 100million and 500million worth of the community’s funds, into a portfolio of corporate debt securities and government-backed bonds for yield, as an...Continue Reading

“The use of the designation “VERSE” constitutes an infringement of our client’s trademarks under German trademark law,” Block’s legal counsel said in a letter to Bitcoin.com. Digital payments company Block Inc. is pursuing legal action against Roger Ver’s Bitcoin.com over alleged trademark infringement involving its newly launched Verse token, which concluded a $33.6 million private...Continue Reading

Crypto database shows that most firms are venture capital at 52.8%, followed by hedge funds with 44.3% and then private equity and mutual funds at 2.9%. Despite venture capital funding halving in October, there seem to be funds that still remain bullish on this space investing in emerging markets, Web3 and infrastructure. But, most people...Continue Reading

“We’re looking to support teams building innovative open-source infrastructure that can accelerate the blockchain gaming space and foster collaboration,” wrote Game7 in its FAQ. On November 28, blockchain gaming accelerator Game7 announced that it would allocate $100 million in open-source technology grants to upcoming Web 3.0 startups. As told by the Game7, distributions will support...Continue Reading

Though some officials have removed all traces of their deals with FTX, the firm’s branding still appears on a few sports venues and merchandise. Before its liquidity issues and bankruptcy filing in November, FTX was well known for its prolific stance on making sponsorship deals. Even with many in and out of the space now...Continue Reading

The crypto lender was previously “rescued” by FTX following the LUNA stablecoin collapse. BlockFi announced on Nov. 28 that it has filed for Chapter 11 bankruptcy. The filing in the United States Bankruptcy Court for the District of New Jersey pertains to the company and its eight subsidiaries. The move comes after several days of...Continue Reading

Bitcoin faces pressure from China, a stock market trend in addition to the FTX fallout. Bitcoin (BTC) hovered above $16,000 on the Nov. 28 Wall Street open as analysts diverged on what to expect from the next market move. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin spot price near key support Data from Cointelegraph...Continue Reading

There are a number of benefits associated with tokenized government bonds, yet adoption may take time. A handful of government-backed financial institutions have been exploring tokenization use cases to revolutionize traditional financial systems. For instance, El Salvador’s Bitcoin Volcanic bond project has been in the works for over a year and aims to raise $1...Continue Reading

Those looking to earn passive income in the metaverse have several available options, but how profitable and durable these are isn’t yet clear. When new technologies and platforms are created, there are incredible discovery phases in which economic activity eventually picks up and starts taking shape. The metaverse is arguably in that discovery phase, with...Continue Reading