Fractal says it’s starting with Solana NFTs because the blockchain’s low costs and high transaction speeds are attractive to game companies looking to sell a high volume of assets, according to a blog post. The company plans to integrate other blockchains in the future, a representative told CoinDesk. Source
Neil Strauss knows how to write about weird subcultures. His infamous bestseller “The Game: Penetrating the Secret Society of Pickup Artists,” released in 2005, introduced the world to concepts like “negging” and “peacocking.” (If you ever set foot in a club in the 2000s, you’ve heard the terms.) More bestsellers would follow. Ten in total. Books on survivalism, heavy metal, porn stars. But Strauss might have just stumbled into the wildest subculture of his career: The Bored Ape Yacht Club. (In the unlikely event you clicked on this story but…
Regarding this often-criticized influence, Musk told Time that “markets move themselves all the time … based on nothing, as far as I can tell. So the statements that I make, are they materially different from random movements of the stock that might happen anyway? I don’t think so.” Source
Germany’s savings banks are working together to potentially start offering crypto trading to customers directly from their accounts in 2022. The network of some 400 savings banks across Germany will vote on whether to proceed with the project early next year, German business publication Capital reported Monday. If approved, the banks would be able to offer trading of digital currencies such as bitcoin and ether to their customers direct from their checking accounts. A pilot for the project is being developed by payment IT services provider S-Payment, Capital said. The…
As of December 12, around 90% of all the bitcoin that will ever exist is in circulation today, and the top five exchanges hold 1.6 million bitcoin. The bitcoin holdings on Coinbase, Binance, Huobi, Kraken, and Okex combined represent 7.96% of the 21 million bitcoin supply cap. The bitcoin held by Coinbase is a whopping 51% of the 1.6 million bitcoin or $41.6 billion using today’s exchange rates. 5 Exchanges Hold 1.6 Million Bitcoin Worth $81 Billion At the time of writing, 90% of the 21 million bitcoin supply cap…
Ethereum’s native token Ether (ETH) has dropped by over 18% after establishing an all-time high around $4,867 on Nov. 10, now trading near $3,900. Nonetheless, the plunge has not deterred retail investors from buying the token in small quantities. According to data gathered by Glassnode — a blockchain analytics platform, the number of Ether addresses holding less than or equal to 0.01 ETH reached a record high level of 19.95 million on Dec. 4, the day ETH dropped to as low as $3,575 (data from Coinbase). Ethereum addresses with balances…
“Partnering with Nuvei, merchants on COTI’s blockchain finance network stand to benefit from increased adoption as a result of being able to accept cryptocurrency as a payment option,” Nuvei said in the statement. Customers of Nuvei’s partners will be able to sell their crypto holdings, while also using the resulting funds anywhere that Visa is accepted. Source
Gala Games, a blockchain-gaming platform, and crypto investment firm C2 Ventures have formed a $100 million fund to invest in play-to-earn games, metaverse environments and other projects built using blockchain technology. Gala Games said the fund will invest in game developers and decentralized gaming projects. C2 Ventures is a crypto investment firm founded by the former head of blockchain investments at Huobi Global, Ciara Sun. “Through our new fund with C2 Ventures, we aim to support a new class of developers who can build genuinely entertaining games powered by blockchain…
And yet with all that in mind there are many still in the mainstream media who sneer at crypto. This is, in part, what led me to co-found DeCential. Like most of the skeptics, the press had gone on its merry way when prices fell and its bias seemed confirmed, yet then the industry came roaring back. Strangely, in my experience, it only seemed to harden some beliefs that clearly this was all an enormous Ponzi scheme. I mean, have you looked into Tether? Source
You can measure cryptocurrency’s impact in money terms, and that’s certainly impressive. With a market cap of $2.2 trillion, crypto is now an asset class to be reckoned with. But you can also see the industry’s influence in more qualitative ways. 2021 was the year crypto became a mainstream cultural phenomenon as much as an interesting experiment in money. Culture Week is part of CoinDesk’s Crypto 2022 series, which also includes Policy Week and Future of Money Week. Non-fungible tokens (NFTs) have brought in millions of new fans. People who…