The Economist sells NFT cover image for $420k October 28, 2021 Current affairs magazine The Economist has auctioned off one of its cover images as an NFT raising $420k (£305k) with the sale. The image first appeared on the front of a September edition of The Economist which focussed on the rapidly expanding, often mystifying world of Decentralized Finance. The successful bidder offered 99.9ETH for the [...]
El Salvador’s government picks up 420 Bitcoin amid price dip October 28, 2021 El Salvador’s government, the first in the world to make a cryptocurrency legal tender, picked up 420 more bitcoins as price dipped below $60k. Bitcoin has been on a major hotstreak over the past two weeks maintaining a price above $60k for 11 consecutive days before finally deflating yesterday to $58k. El Salvador’s government used [...]
Cream Finance hacked for $130m in latest DeFi attack October 28, 2021 Cream Finance, a lending protocol based on the Ethereum network, has lost $130m of assets in one of the biggest DeFi thefts to date. The team behind Cream Finance confirmed its lending markets had been targeted by a large flash loan transaction, a type of exploit which is frequently used by hackers to target vulnerabilities [...]
London transport hit by ‘aggressive’ marketing ‘assault’ from crypto meme coin Floki October 27, 2021 A digital token named after Elon Musk’s new dog, Floki, has rolled out hundreds of adverts in the capital in what it’s called “a full-out assault of the London public transportation system,” raising questions as to who is responsible for high-risk investments being advertised so widely. Floki Inu coin is one of many dog “meme” [...]
Bitcoin drops below $60k as markets cool off October 27, 2021 The price of bitcoin yesterday closed below $60,000 for the first time in almost two weeks, with two minor flash crashes on Wednesday morning seeing the largest cryptocurrency fall to as low as $58k before recovering to around the $59k level, where it’s currently changing hands. That’s down 2.5% since yesterday morning and 8.5% over [...]
How Fiat will get Minimized or Replaced Leading to Evolutionized Forms of Government October 26, 2021 Modern society runs on databases that are run by TTPs (Trusted Third Parties). TTPs decide, in practice, your rights, from trivial to important such as whether your hotel airline reservation is cancelled, if you can only wire a limited amount to your crypto-exchange, that you are not allowed to use AirBNB and if you are [...]
Coinlist valued at $1.5bn on back of $100m funding round October 26, 2021 Coinlist, a token listing and crypto exchange platform, has raised $100m (£72m) in a Series A funding round bringing its valuation to $1.5bn. The round was co-led by Accomplice VC and Agman Partners with participation from Alphemy Capital, Continue Capital and CMT Digital among others. The bumper valuation comes after the company benefitted from surging [...]
Saxo Bank’s crypto products rake in $2.5bn October 26, 2021 Online trading and investment platform Saxo Bank has announced booming intake from its crypto products amid surging demand. The bank’s turnover from crypto products exceeded $2.5bn (£1.8bn) for the year, leading the Danish online broker to increase position limits and add new crypto products in response to “exceptional” interest. Demand for the platform’s digital assets [...]
Facebook to spend at least $10bn on metaverse division October 26, 2021 Facebook has announced plans to spend big on its metaverse division which it will separate out from the wider company. In its third quarter earnings announcement the tech giant revealed it is bullish about the metaverse, an online space where people can interact, explore and make purchases as digital avatars, calling it “the next generation [...]
Indonesia a ‘crypto hotspot’ as engagement grows 1772 per cent October 26, 2021 Indonesia has seen surging interest in digital assets this year and ranks as the world’s top “crypto hotspot” according to research by Coinformant. In Indonesia online engagement has grown by 1,772 per cent this year as more people than ever before read articles and searched for information about digital assets. Annual search volume jumped by [...]
