Storing an NFT “in chain” means that the NFT can be generated completely off the underlying smart contract, without any need for an off-chain storage provider. PROOF, the private community behind the Moonbirds NFT collection, has announced it is shifting its blue-chip collection completely “in chain” — allowing images to be fully contained within the...Continue Reading

The code bug has plagued the cETH market and has affected Compound’s front-end user face, but the CEO confirmed that “funds are not immediately at risk.” Decentralized lending platform Compound has been plagued by a code bug in a recent governance proposal to update its price feeds.  The code error has “temporarily frozen” the Compound...Continue Reading

Analysts believe the possibility of a recession in the US is increasing and this could be an important stress test for cryptocurrencies. On Aug. 30, global investment bank UBS increased its view on the risk of the United States entering a recession within one year to 60%, up from 40% in June. According to economist...Continue Reading

The bill was approved by the nation’s Senate in July as low-energy costs continue to boost mining activities in the country. Paraguay’s president, Mario Abdo Benítez, vetoed a bill that sought to recognize cryptocurrency mining as an industrial activity on Monday. He reasoned that mining’s high electricity consumption could hinder the expansion of a sustainable...Continue Reading

“This is literally about looking at America and opportunities for Americans,” according to Minnesota Representative Tom Emmer. United States House of Representatives member Tom Emmer has reportedly suggested that regulating and encouraging innovation in the crypto space should not be a political win for either Democrats or Republicans. According to an interview released Tuesday by...Continue Reading

The Bitcoin lender has sought advice from Citigroup on how to acquire distressed crypto firms amid the bear market. Crypto lending platform Nexo has increased the size of its buyback program, giving the company more discretionary ability to repurchase its native token to boost interest payments or make strategic investments in the future. On Tuesday,...Continue Reading

The blockchain gaming firm in question raised over $200 million on Monday to further its NFT operations. Changpeng Zhao (CZ), CEO of Binance, criticized the creation of a novel “free-to-own” business model in the GameFi space on Tuesday, writing: “If everything will be free in the world, why do we have to work so hard…”...Continue Reading

A lack of oracle support, the majority of DApps being supportive of the Merge and Ethereum Classic’s minimal developer activity suggests that PoW hard forks will fizzle. Ether (ETH) is the second largest crypto by market capitalization and the absolute leader in decentralized applications by deposits. Becoming a victim of its own success, the network...Continue Reading

Bitcoin mining with flared gas and animal waste gases could help the world’s largest cryptocurrency on a path to becoming zero-emission money. A pro-Bitcoin mining report from self-proclaimed philanthropist Daniel Batten has claimed that Bitcoin could become a zero-emission network. The report builds upon data from the Bitcoin Mining Council to understand the impact of carbon-negative...Continue Reading

To attack Tether’s reserves […] further highlights an agenda by the publication to single out Tether and hurt its reputation,” the USDT issuer said. Tether Holdings Limited has clapped back at The Wall Street Journal over an article it claims spread “false information” about the stablecoin issuer’s profitability, solvency and accounting standards.  In a Monday...Continue Reading