Celebrities boost crypto projects but don’t guarantee legitimacy

Top Stories This Week Crypto lender Genesis files for Chapter 11 bankruptcy FTX contagions continue to spread through the crypto industry, with Genesis Capital filing for bankruptcy protection in New York, estimating liabilities in the range of $1 billion to $10 billion, and assets at the same level. The company plans a “dual track process,”…

AXS, LUNA and a handful of altcoins rallied to new highs shortly after Bitcoin price rallied to $49,200. 4245 Total views 46 Total shares On Sunday bulls made their intentions clear by briefly pushing Bitcoin (BTC) price above the $49,000 level, a move that prompted many traders on crypto Twitter to call for the top-ranked…

CBDC and de-dollarization saw major strides last week with the 1-million-barrel deal on the Shanghai Petroleum and Natural Gas Exchange. 1756 Total views 5 Total shares The digital yuan has been used for the first time to settle an oil transaction, the Shanghai Petroleum and Natural Gas Exchange (SHPGX) announced. PetroChina International bought 1 million

Eagle eyed denizens of Crypto Twitter have spotted a mistake in the NFT of the web’s source code famously auctioned at Sotheby’s this week. The auction of “This Changed Everything” on June 30 with a $5.4 million sale and was offered by its inventor, Sir Tim Berners-Lee. The NFT dubbed consists of four elements: the…

Grayscale’s Michael Sonnenshein contends that the asset manager’s recent Form 10 filing with American regulators would be “a milestone” for the crypto industry if it’s approved.Sonnenshein — managing director at the world’s largest digital asset manager, Grayscale Investments — made his remarks during an interview with CNBC on Nov. 20.Hedge funds after digital asset exposureEarlier…

Bear markets are for building out capacity on the layer-2 Lightning Network. Despite macroeconomic headwinds and sluggish price action, the Lightning Network, the layer-2 payments solution fo Bitcoin (BTC), continues to flourish.The Bitcoin Lightning Network reached a milestone capacity of 5,000 BTC ($96 million). In effect, more and more Bitcoin is being introduced to Lightning…

Bitcoin (BTC) short-term holders are feeling the need to sell BTC at $30,000, data shows.In research released on June 28, on-chain analytics firm Glassnode flagged tens of thousands of coins being sent to exchanges.Bitcoin speculative exchange moves “intensifying”BTC price action stalling at $30,000 is prompting a rethink when it comes to buyers who have turned…

Nigeria’s Minister of Communications, Innovation and Digital Economy, Bosun Tijani, said the 3 Million Technical Talent (3MTT) program’s over one million applicants will undergo an introductory artificial intelligence (AI) course.The minister shared this information on X (formerly Twitter) on Wednesday, adding that all applicants are being onboarded onto the platform before selecting the initial cohort

Distribution "keeps getting better," says Willy Woo amid continued claims that Bitcoin as a network is too centralized. 1314 Total views 9 Total shares Bitcoin (BTC) ownership is becoming more decentralized every day, data shows, allaying fears that the supply is being controlled by an elite.Data from Glassnode reproduced by statistician Willy Woo on Feb.…