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“# Reno to digitize Burning Man ‘Space Whale’ as NFT on Tezos blockchain ” Reno, the closest major city to the famous art festival Burning Man, is developing its own decentralized autonomous organization, or DAO, and a token in partnership with Tezos. Mayor Hillary Schieve announced the city’s plans to create the Reno DAO in…
“# Bison Trails launches staking and node services for Cosmos ” Blockchain infrastructure firm BisonTrails has launched support for the Cosmos ecosystem, allowing its clients to stake and run nodes for blockchain ecosystem Cosmos. BIson Trails offers services to simplify the process of participating in blockchains, such as staking and running full nodes. The firm’s…
“# Ethereum gas fees drop as daily DEX and DeFi volumes decline ” The rising popularity of decentralized finance (DeFi) has brought fresh attention and optimism to the cryptocurrency sector with the total value locked on all protocols increasing from $1 billion to $59 billion in less than a year and the top 5 platforms…
“# Co-founder of Floyd Mayweather-promoted ICO sentenced to 8 years ” Sohrab Sharma, the co-founder of the notorious celebrity-spruiked initial coin offering of 2017, Centra Tech, has been sentenced to eight years in prison for his leading role in the fraudulent scheme that duped investors out of more than $25 million. Shama had previously pled…
“# Spike in digital land and NFT sales push Axie Infinity (AXS) price to new highs ” The popularity and sale of NFTs have exploded over the past few months as many artists and collectors have been consistently selling entire NFT collections for millions of dollars. One platform that has emerged as a fan favorite…
“# Polkadot futures market flippens Litecoin as its open interest hits $573M ” Polkadot (DOT) has been raising eyebrows for the past couple of months as the interoperability-focused altcoins has gained 625% in the past three months. The promise that interoperability between blockchains will be a viable solution to the high Ethereum gas fees plaguing…
“# NFT boom triggers parabolic rallies in Chiliz (CHZ) and Flow ” Strong hands view a correction in an uptrend as a buying opportunity and data from CryptoQuant shows that Bitcoin (BTC) whales have been buying near $48,000. This activity can be seen in the large Coinbase outflows, most of which went to custody wallets…
“# Crypto.com launches $200M investment fund for cryptocurrency startups ” Crypto.com has launched a venture arm and has set aside $200 million to invest in promising cryptocurrency startups, as it seeks to expand its partnerships with entrepreneurs in the crypto and blockchain industry. Announced on March. 4, the new venture arm, named Crypto.com Capital, was launched…
“# Bitcoin and Ethereum slow down as transaction values and fees plunge 70% ” Bitcoin (BTC) and Ether (ETH) appear to be experiencing something of a slowdown, as on-chain data shows a dramatic decrease in the U.S dollar value of coins being sent across both blockchains in the past week. At the same time, transaction…
“# Nvidia wins legal battle over $1B in sales of crypto mining hardware after 3 years ” A three-year-old lawsuit accusing Nvidia of “misrepresenting $1 billion in sales” of crypto mining hardware during the 2017/2018 bull run came to a close on Mar. 2, with a California district court judge ruling in favor of the…