NFTs hit $158M weekly sales, Sky Mavis lays off 21% of workforce: Nifty Newsletter

Asset managers around the globe are losing confidence in the dollar, encouraging them to seek out inflation-resistant investments for their clients. 682 Total views 9 Total shares A new survey of global fund managers reveals that Bitcoin has climbed in the rankings of “most crowded trade” beating out traditional investments like gold and bonds. Bitcoin was…

Amid a wild market-wide bullrun for non-fungible tokens (NFTs), an ultra-rare “alien” CryptoPunk has sold today for 605 Ether, worth over $750,000 at today’s prices. CryptoPunks are widely considered to be the original NFT project, released even before Cryptokitties, the blockchain-based collectibles project that propelled NFTs to mainstream consciousness. CryptoPunks developers Larva Labs report that Punks…

Bitcoin price has surpassed $10,000 on Feb. 9, breaking its key psychological level and in doing so reached its highest point since October last year. But to many, $10,000 is just the beginning before the top cryptocurrency reaches a much higher level. Anthony Pompliano, co-founder & partner at Morgan Creek Digital believes that Bitcoin’s price can…

The ASA said the Gale twins could not post the crypto ads “in the form complained about” again, but did not bar them from promoting digital assets in future advertisements. 69 Total views 12 Total shares The United Kingdom’s independent advertising regulator has upheld a complaint involving former reality show Love Island contestants Eve and…

LocalBitcoins’ website has been blacklisted in one of its key markets. LocalBitcoins, a major peer-to-peer cryptocurrency exchange, is no longer available in Russia without using additional tools like a VPN.LocalBitcoins.net is officially blacklisted in Russia as local telecom regulator Roskomnadzor placed the URL on a register of platforms disseminating prohibited information.According to official data, the…

Protocol infrastructure company StreamingFast is the recipient of the full $60 million grant. It will work with The Graph to further develop its decentralized internet ambitions. 314 Total views 3 Total shares The Graph Foundation, the grants program behind the Ethereum (ETH) indexing protocol, has tapped StreamingFast to further the development of its so-called decentralized…

Toward the end of June 2019, news emerged that the mining giant Bitmain might be reviving its initial public offering (IPO) plans. As Bloomberg reports, the China-based cryptocurrency mining hardware producer is allegedly preparing to file documents with the United States Securities and Exchange Commission (SEC) to hold its share sale on U.S. soil.Bitmain —…

DeFi protocol Yearn.Finance repaid victims of its $11M hack by opening a Maker vault with YFI tokens from its newly expanded treasury. 2448 Total views 8 Total shares Major decentralized finance protocol Yearn.Finance (YFI) has restored its yDAI vault in the aftermath of a $11 million exploit by hackers.Yearn announced Tuesday that they opened a…

Saxo Bank founder Lars Seier Christensen told Cointelegraph that in the coming years, new business models will be invented because of blockchain. 154 Total views 18 Total shares While the crypto prices are calm and investor interests remain low, blockchain’s potential to transform and disrupt industries keeps attracting those eager to build regardless of digital…