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Blockchain

NFTs Revive Dot-Com Era Hype Over Domain Names — CoinDesk

Since starting in 2018, Unstoppable Domains has registered over 1.4 million domain names, including several for Fortune 1000 companies. The company sells domains that end in “.crypto”, “.wallet”, “.coin” and “.nft”, among others. The company also plans to launch “.blockchain.” Source link

China’s Latest Crypto Ban Is Its Most Severe, Insiders Say — CoinDesk

“Do not be too pessimistic about it,” he told CoinDesk via WeChat audio messages. “…I think the biggest possibility in the future is that once major countries in Europe, North America as well as Japan, South Korea have come out with clearer regulatory policies on crypto, China will slowly introduce laws and regulations on crypto, […]

Bitcoin Is the Most Illiquid It’s Ever Been: 12 Numbers That Tell the Current Story of Markets

This episode is sponsored by NYDIG. Download this episode NLW looks at the current state of crypto markets through numbers, including: Bitcoin illiquid supply Lightning Network capacity Evergrande’s debt The total value of CryptoPunks And more See also: Twitter Adding Bitcoin Tipping Feature, Pushes Further Into NFTs “The Breakdown” is written, produced by and features […]

Why El Salvador Is Botching Its Bitcoin Experiment — CoinDesk

There’s a reason El Salvador uses the dollar, and why Ecuador and Venezuela do, and why Argentina, where I lived for six years, had de facto dollarization throughout the 1990s. In all these cases, reverting to the world’s reserve currency as the national medium of exchange is a last resort move, a mark of profound […]

SEC Hints at Tether Probe in Records Request Denial — CoinDesk

“Tether’s competitive advantage, and the area of highest competition between stablecoin platforms, lies not in the operational features of the tether token itself but rather in the liquidity of the tokens in the marketplace, Tether’s presence on multiple blockchains, and the stability, reliability, and profitability of Tether as an entity,” Tether’s petition said. Source link

Andre Cronje’s New NFT Marketplace Is a Vampire Attack Suicide Pact — CoinDesk

While mostly mercenary, vampire attacks are occasionally justified as being ideological in nature. During the attack, Sushi proponents argued that a disproportionate percentage of Uniswap’s UNI tokens went to early venture capital investors, while Sushi distributed tokens more broadly to users – a system that better captures the open, permissionless nature of crypto, adherents claim. […]

Powerbridge Launches Green Crypto Mining Operation Based in Singapore — CoinDesk

“We believe this is an opportune time to launch Powercrypto, as we look to expand our global operations of crypto mining and digital assets. Powerbridge is well positioned to accelerate the growth of our crypto businesses and generate promising revenue from it,” said Stewart Lor, president of Powerbridge. Source link

Egor Petukhovsky, CEO of US-Sanctioned Suex, Says He Will Go to Court — CoinDesk

“We use our data to research high-level money laundering trends, and years ago identified Suex addresses as part of a relatively small group of a few hundred addresses that receive an outsize quantity of illicit funds,” spokesperson Maddie Kennedy told CoinDesk via email, adding that it’s possible not all addresses of Suex have been identified […]

Bitcoin Trending Lower on China Crackdown; Support at $36K-$40K — CoinDesk

Bitcoin (BTC) sellers were active during Asia hours after China’s central bank declared cryptocurrency related business illegal. BTC slipped below $42,000 and is down about 3% over the past 24 hours. Initial support is seen at $40,000, which could stabilize the pullback. Source link

Bitcoin Drops $2K as China Declares Cryptocurrency-Related Business Illegal — CoinDesk

China renewed its crackdown on cryptocurrency trading and mining in the second quarter amid pilot testing of digital yuan. However, according to China journalist Colin Wu, the latest central bank statement is quite detailed and mentions tether (USDT) as illegal for the first time. Tether, the largest stablecoin per market value, is widely used to […]

China Orders Renewed Crackdown on Mining and Trading

Chinese authorities ordered a fresh crackdown on crypto mining and trading Friday, according to a statement posted on the People’s Bank of China site. The statement, signed by China’s top financial and cyberspace regulators, gives a comprehensive list of crypto activities that are forbidden, and orders local governments to crack down on them. China’s State […]

Coach and GQ China Arm to Launch NFTs on Ethereum — CoinDesk

The brand worked with GQLab, GQ China’s content development team to create “a unique interactive NFT experience,” the statement said. To win one of the six NFTs, fans can mix and match designs and submit their ideas through China’s Twitter-like platform Weibo. Source link