Day: February 8, 2023

Elementus Raises $10 Million to Bring Clear Blockchain Analytics to Institutional Customers – Blockchain Bitcoin News

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Elementus, a New York-based blockchain firm, has raised $10 million as part of its Series A-2 funding round, led by Web3 VC company Parafi Capital. The raise, which values the company at $160 million, aims to allow Elementus to keep improving its processes for providing effective and sound blockchain analytics to Web3 companies and government institutions. Blockchain Analytics Firm Elementus Raises $10 Million in Lukewarm Market Blockchain firms that are focused on providing tools to examine the Web3 landscape have managed to survive and even thrive during the current market…

NYU to launch Web3 learning workshop in partnership with Near Protocol

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Education is a well-known barrier to entry for many when it comes to crypto and Web3 space. This is particularly true when understanding the underlying technology that powers these innovations.  Joining in on the effort to spread crypto awareness, on Feb. 8, the New York University School of Professional Studies (NYU SPS) — one of the schools that compose New York University — announced a partnership with the Near Foundation to introduce a new “Web3 Learning Workshop” for students and faculty, along with partners in the industry. The course comes out…

Alameda wallets resurrect to transfer FTT in the millions

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Wallets linked to now-bankrupt Alameda Research became active again on Feb. 7, transferring out millions worth of FTX exchange’s native token, FTX Token (FTT). The Alameda wallet activity post FTX bankruptcy filing has been a big concern for the crypto community, with many questioning the merits of the law enforcement agencies and how these wallets are being accessed. The Alameda address ‘brokenfish.eth’ transferred nearly $2 million worth of FTT tokens from BentoBox smart contract on Sushiswap. The smart contract in question serves as the central vault for the whole Sushi…

What is Splinterlands and how to earn money playing it

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The development of blockchain technology and the growing adoption of nonfungible tokens (NFTs) are two factors that have contributed to the proliferation of play-to-earn collectible games. Play-to-earn (P2E) games allow players to gain benefits by participating in the game, such as in-game currency and items. This creates a new dynamic where players can profit from their in-game actions, enhancing the fun and purpose of the gaming experience. Additionally, the usage of NFTs and blockchain technology in play-to-earn games gives players greater ownership and scarcity, which increases demand and can result…

Nouriel ‘Dr. Doom’ Roubini Warns About Demise of US Dollar – Economics Bitcoin News

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Nouriel Roubini, an economist known as “Dr. Doom,” has warned about the demise of the U.S. dollar and the rise of a “bipolar” world. Roubini believes that the Chinese renminbi might be a substitute for the dollar, as new technologies like central bank digital currencies (CBDCs) and corporate payment rails contribute to a new landscape. Nouriel Roubini Predicts Greenback’s Fall From Grace Nouriel Roubini, an economist known for the accuracy of his predictions regarding the 2008 housing crisis, has warned about the rise of a “bipolar currency regime” preceded by…

Grayscale Files ‘Final’ Briefs In ETF Lawsuit Against SEC

Summary: Gary Gensler’s SEC rejected Grayscale’s Bitcoin exchange-traded fund application citing fraud and market manipulation concerns. The digital asset manager sought regulatory permission to switch its BTC spot trust index to an ETF, changing the product’s structure and reducing a huge discount on the asset. CEO Michael Sonnenshein promised his company would the SEC for its “capricious and discriminatory decision”.  Crypto’s largest digital asset manager Grayscale recently filed final briefs in its lawsuit against the U.S. Securities and Exchange Commission for rejecting its Bitcoin spot ETF application. The company which…

SEC to up scrutiny of firms offering or giving advice about crypto

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Crypto brokers and investment advisors offering or giving advice about cryptocurrencies will be put under the scope of the United States’ securities watchdog this year. A Feb. 7 statement from the Securities and Exchange Commission’s (SEC) Division of Examinations outlined its priorities for 2023, suggesting brokers and advisers dealing in crypto will need to be extra careful when offering, selling or making recommendations regarding digital assets. It stated that SEC-registered brokers and advisors will be closely watched to see if they followed their “respective standards of care” when making recommendations,…