Grayscale launches Aave fund amid DeFi surge: Finance Redefined
While Grayscale launches a new Aave investment fund, Polymarket users face wallet breaches linked to Google logins.
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Redditor Creates BTC-Themed Game as Holiday Gift for Crypto Community
A Redditor has introduced a new Bitcoin (BTC) video game as a holiday gift to the crypto community.Shared on Dec. 24 on Reddit, the new “Satoshi vs. the Shills” Bitcoin game is a survival shooter game featuring Bitcoin’s anonymous creator Satoshi Nakamoto as the main character.The arcade game is available on the Google Play store…
Former SpaceX Engineer Targets Consumer Traders With His LXDX Crypto Exchange
A former engineer at Elon Musk’s SpaceX has announced his new firm LXDX would launch a public cryptocurrency exchange, Leaprate reports Monday, September 17.Previously engaged in automation and propulsion at SpaceX, Joshua Greenwald has since turned his attention to institutional-grade cryptocurrency trading. While already operating for institutional investors, Greenwald now wishes to hook the mainstream consumer…
South Korea’s Second Biggest City Wants to Create a Local Cryptocurrency
Busan, South Korea's second most-populous city after Seoul, is considering the launch of a local cryptocurrency, Korean tech news publication ETnews reports July 1.According to the report, Busan city authorities are seeking to develop a blockchain-based digital currency project in collaboration with BNK Busan Bank, a subsidiary of local holding company BNK Financial Group.Specifically, Busan…
New Data Debunks Reports of Turkey as Leader in Crypto Adoption
A new survey seems to debunk the common conception of Turkey as a cryptocurrency-savvy country. Major Turkish crypto exchange Paribu had a simple aim: to find 1,000 Turkish citizens who somehow heard about crypto. It took over 6,000 video interviews across 12 cities in Turkey during the peak of COVID-19 outbreak, to achieve this goal. The…
Report: Chinese E-Commerce Giant JD.com Has Applied for Over 200 Blockchain Patents
Chinese e-commerce giant JD.com has applied for over 200 blockchain patents, according to a report by Securities Daily News on May 20.The report also notes that major e-commerce competitor Alibaba has applied for 262 blockchain patents, and Chinese internet titans Tencent and Baidu have applied for 80 and 50 such patents, respectively, as recorded by…
Gang of Masked Men Raid Bitcoin Exchange in Birmingham
A gang of masked men have raided a Bitcoin (BTC) exchange in the English city of Birmingham, sparking a police investigation.Local Facebook page Brumz Updates posted footage of the burglars ransacking the building as sirens blared on July 15.Witnesses look on helplessly as the robbery unfolds — and seconds later, the gang speed away from…
Bitcoin mining to cost less than 0.5% of global energy if BTC hits $2M: Arcane
Bitcoin (BTC), the world’s most-valued cryptocurrency, has the potential to be a significant energy consumer in the future, but only if it reaches several million dollars, according to new estimates by Arcane Research.Crypto research and analytics firm Arcane Research on Monday released a report estimating the development in Bitcoin’s energy usage toward 2040.Authored by Arcane…
Powers On… Summer musings after two particularly bad months in cryptoland
This column’s goal has never been to provide investment advice on cryptocurrencies or other digital assets, nor has it been to provide individualized legal advice. It has mostly been about my desire to freely set forth in writing my thoughts on the state of the crypto market and the legal affairs surrounding it.Powers On… is…