Some NFTs sold for millions — What are they worth today?

When Ethereum-based synthetic asset issuance platform Synthetix, which allows users to mint and trade synthetic currencies in a peer-to-peer fashion, lost track of more than 37 million synthetic Ether (sETH) on June 24, the company stopped all trading on its platform. While users only lost trading access for 24 hours, the event led to trades…

Staking provider Lido was also found to be vulnerable to the bug that has delayed the launch of the Eth2 staking service Rocket Pool. 1405 Total views 28 Total shares Eth2 staking provider Rocket Pool has postponed its launch after a possible exploit was identified in the protocol’s code.On Oct. 6, Rocket Pool announced the…

The 1INCH tokens will govern both the platform's automated market maker protocol and its DEX aggregator. 1432 Total views 8 Total shares The team behind the DeFi platform 1inch is releasing a governance and utility token, according to a Dec. 25 announcement. The 1INCH token will be used for both the platform’s automated market maker…

Major cryptocurrency exchange and wallet provider Coinbase has acquired Andreessen Horowitz-backed tech startup Blockspring. The purchase was revealed in a blog post published Jan. 14.San Francisco-based Blockspring produces tools that enable developers to automatically gather and process information from application programming interfaces (APIs).In 2015, the company raised $3.4 million in a round led by venture…

Uganda’s government has reportedly allocated land for Akon’s crypto-city development project in the country. 3013 Total views 26 Total shares Senegalese-American rapper and businessperson Akon is set to begin building another crypto city — this time in the East African nation of Uganda.According to a report by Uganda’s flagship television network NBS, the country’s government…

High-profile bankruptcy cases have become a lucrative goldmine for two major law firms involved in the legal proceedings: Sullivan and Cromwell and Kirkland and Ellis.

The value of the tokens underpinning decentralized finance, or DeFi, protocols has again surpassed $1 billion.The milestone comes amid a spike in the proliferation of DeFi projects, with data aggregator DeFiMarketCap estimating 246 projects to be active.The combined capitalization had crashed below $1 billion amid the March crypto crash that sparked a liquidity crisis for…

A closer look at the role that International Securities Identification Numbers may take in the harmonization of standards for identifying digital assets. 247 Total views 45 Total shares Institutional interest in digital assets has been growing. The Chicago Mercantile Exchange’s volume of Bitcoin (BTC) options hit a high of $40 million on May 13, 2020.…

Visa’s head of crypto says CBDC is the most important payments trend in the next decade. 440 Total views 40 Total shares Central Bank Digital Currencies, or CBDC, may just be one of the most important trends over the next decade claims Visa’s head of crypto.Cuy Sheffield, who runs credit card giant Visa’s crypto projects,…