Blockbeat

Get your daily update on all things crypto, blockchain and DeFi with City A.M's Blockbeat from Kaitlin Argeaux

Crypto.com u-turns on plans to scrap staking rewards amid backlash

May 3, 2022

Crypto.com chief Kris Marszalek said the firm will reinstate staking rewards for card users a day after scrapping the program.
Solving the metaverse’s key challenges by working together with influencers

May 3, 2022

Fuad Fatullaev, founder and CEO of WeWay explains the entertainment ecosystem and NFT marketplace for creators, celebrities and their fans.
Yuga Labs apologises after Bored Ape land grab overwhelms Ethereum

May 3, 2022

The crypto startup behind Bored Ape Yacht Club NFTs has apologised after its sale of "metaverse land" overwhelmed the Ethereum network.
Coinbase chief predicts one billion people will use crypto within a decade

May 3, 2022

Crypto adoption is on track to rapidly accelerate in the next decade according to the chief executive of digital asset exchange Coinbase.
eToro adds UMA and API3 to take platform’s total digital assets to 64

May 3, 2022

Social investing network eToro today added two new cryptocurrency tokens to its investment platform - UMA and API3.
US financial regulator expands crypto team amid crackdown

May 3, 2022

The US financial regulator is increasing oversight of digital assets by adding 20 officials to a team dedicated to policing crypto markets.
Dogecoin Google searches peaked on Elon Musk’s Twitter purchase

May 3, 2022

Online searches for 'Buy Dogecoin' shot up by almost 400 per cent worldwide on the same day Elon Musk - one of the altcoin's biggest evangelists - bought social media platform Twitter.
April was a shower, but the Bitcoin forecast for May is looking brighter

May 3, 2022

Bitcoin, the largest cryptocurrency by market cap, continues to change hands for around $38,500 – roughly flat over the past three days.
Crypto mania, financial contagion and the ‘Goldilocks Zone’

May 3, 2022 | City Talk

From the gold fever of the 1840s and 1850s and the bicycle bubbles of the 1890s to the bowling manias of the1960s and the dot-com boom of the 1990s and early 2000s, our animal spirits are forever in search of greener pastures. In recent times, the financial herd has stampeded into the field of cryptocurrency. [...]
Goldman Sachs dives deeper into crypto as Ukraine leverages NFTs to fund war efforts

May 2, 2022

CryptoCompare's Francisco Memoria examines what was behind the market moves for cryptocurrency over the past seven days.