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Day: February 3, 2022
NFT project blankets Texas capital city in pro-crypto billboards
The founder of a website guiding readers through the digital asset market started a campaign in Austin to increase awareness of Bitcoin and other cryptocurrencies.ย Speaking to Cointelegraph, marketcap.guide founder Sam Feldman said he had deployed more than 100 billboards around the Texas capital city since July, each sharing a different message on Bitcoin (BTC), nonfungible tokens, and other aspects of the crypto space. Though the ads are aimed at encouraging adoption, funding for many of them came from tokenizing drone photos of the billboards and selling the resultant NFT.…
Loopring Names CTO Steve Guo as CEO, Replacing Founder Wang
Loopring, an Ethereum-based project that helps developers to build decentralized exchanges (DEX), named Chief Technology Officer Steve Guo as its CEO, replacing founder Daniel Wang. Wang will continue to work as an adviser and will spend time developing the projectโs layer 2 strategy, the firm said in a blog post Thursday. Guo previously worked at Intel as a software engineer and a tech lead. He was admitted to the University of Science and Technology of China at the age of 15 years and graduated with a PhD in computer science…
Wormhole Token Bridge Lost $321M In Crypto Heist
Wormhole token bridge that links the Ethereum and Solana blockchains, seemingly an unimportant piece of tech for its function, lost over $321 million Wednesday afternoon. This is the largest attack to date on Solana. A competitor to Ethereum thatโs progressively gaining grip in the non-fungible token (NFT) and DeFi ecosystems. The $600 million Poly Network crypto heist was bigger, but it involved cryptocurrencies rather than blockchain technology, which may explain why critics call this new development โpretty historic.โ The heist occurred on Solanaโs side. The discovery of a vulnerability on…
Ethereum Down 6%, Crypto Red Wave Returns โ Market Updates Bitcoin News
Bitcoin and ethereum saw recent losses extended on Thursday, as global cryptocurrency markets declined during todayโs session. Solana was also in the red, trading nearly 15% lower today. Bitcoin Following Wednesdayโs drop in prices, BTC/USD declined for the second consecutive session, trading 5.25% lower as of writing. This selloff saw prices hit an intraday low of $36,375.54, following a high of $38,437.68 during Wednesdayโs market session. As a result, the move saw bitcoin prices move closer to support of $35,000, which is a point it hasnโt reached since January 27.…
a16z-backed TrueFi launches DeFi lending market for asset managers
Stablecoin operator TrustToken has launched a new lending marketplace that allows asset managers to create their own decentralized finance products, potentially opening the door to wider mainstream adoption of DeFi solutions.ย The new lending marketplace, which is offered on unsecured lending protocol TrueFi, gives independent financial institutions the ability to design, launch and fund new investment products. Asset managers also have access to TrueFiโs pool of lenders and borrowers as well as TrustTokenโs institutional offerings. Version 1 of the TrueFi protocol was shipped to institutional clients in November 2020 around…
Paris Hilton Drops Autobiographical NFTs on Origin Story Marketplace
Hilton first discussed this NFT drop during an appearance on Jimmy Fallon’s “The Tonight Show” in January. Last November, Hilton married venture capitalist Carter Reum and the NFT drop represents her โsymbolic closing of one chapter of her life and moving onto the next.โ Source
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Kraken Says Proof-of-Reserves Audit Shows $19B in Bitcoin and Ether
Kraken on Thursday announced the results of a proof-of-reserves audit showing the crypto exchange held $19 billion in bitcoin and ether. Other crypto assets were not included in the audit. Armanino completed the independent audit on Dec. 31, 2021, a Kraken representative told CoinDesk. A culmination of โyearsโ of work, said Chief Product Officer Jeremy Welch, it required reconstructing a merkle tree to prove every coin was proper. The auditโs release comes as crypto firms race to burnish their credibility amid mounting scrutiny from regulators and traders. Kraken itself has…
Coinbase Shares Declined 50% From All-Time High, Stock Follows Bitcoinโs Ups and Downs โ Finance Bitcoin News
Roughly nine months ago, Coinbaseโs initial public offering (IPO) via a direct listing on Nasdaq launched, and shares swapped for $342 per share on April 16, 2021. Since then, Coinbase shares have dropped by close to half that value and today, COIN is swapping for more than 45% lower at $187 per unit. Coinbase Follows Bitcoin With Shares Down 45% From ATH Coinbase (Nasdaq: COIN) is a popular crypto firm and digital asset exchange with 8.8 million monthly transacting users during its height in Q2 2021. The business founded by…