NFTs have the potential to become media companies, Rarible co-founder says
As NFTs work to retain mainstream attention, one founder predicts the digital asset sector will pivot in a new direction.
“I think NFT collections will evolve as media companies [into something] like Disney,” Alex Salnikov, co-founder and head of product at NFT marketplace Rarible, said to Tech
Cryptominers defend gigawatt-scale energy usage called out by Congress
Citing “disturbing” levels of power used by cryptocurrency miners, a group of Democrats led by Sen. Elizabeth Warren is urging the Environmental Protection Agency and the Department of Energy to crack down on the controversial industry.
The letter, signed by four senators and two repre
Some venture investors are doubling down on crypto despite an unknown recovery timeline
The crypto markets might be red all over, but that isn't stopping many venture capitalists from investing in the space.
Valuations across the crypto industry are being pulled back and the sector has grown more investor friendly. Many VCs see this period as a great opportunity and are shifting t
NFT brand loyalty platform Hang banks $16M from Paradigm
Crypto startups — fresh off a mind-boggling bull run — are preparing for the next phase of life where the mere mention of “NFT,” “DAO” or “DeFi” may not tempt investors quite as much as before. The breed of crypto startups raising now are looking to double do
As Coinbase falters, Binance.US is waiting in the wings
As the largest publicly traded crypto exchange in the United States, Coinbase has become something of a household name. But as the going gets tough in the crypto markets, the company seems to be fumbling the bag, leaving it vulnerable to competition.
Coinbase’s stock price is down nearly 80%
Top Indian tech advocacy group drops crypto over regulatory uncertainty
The leading influential technology lobby group in India is turning its back on advocating for crypto in a major setback for the local ecosystem in the South Asian nation.
Internet and Mobile Association of India, an 18-year-old lobby group, said Thursday it is dissolving the Blockchain and Crypto A
MetaMask co-founder sees a developer-led future for its crypto wallet
Six years ago, Dan Finlay and Aaron Davis met while working at Apple and conjured an idea around making a web extension backing the layer-1 blockchain Ethereum so developers could play with it.
That project became MetaMask, now the world’s largest non-custodial crypto wallet.
Celsius, one of crypto’s biggest lenders, files for bankruptcy
Celsius Network, one of the world's largest cryptocurrency lenders, has filed for bankruptcy protection, a month after freezing customer assets in the wake of sharp turbulence in the crypto market that has toppled business models of several firms.
The New Jersey-headquartered startup, which was
Shanghai gives nod to NFT trading platforms
After flagging concerns over the financial risks associated with non-fungible tokens, some of China’s authorities are putting forward guidance on how to best make use of the novel technology.
The government of Shanghai says it supports “leading companies to explore building NFT exchange
The US government is digging into NFTs' impact on intellectual property
After NFTs exploded over the past year, the U.S. Patent and Trademark Office and U.S. Copyright Office are launching a joint study to investigate the digital assets' impact on intellectual property rights.
The study comes about a month after Vermont senator Patrick Leahy, a Democrat, and North
5 investors discuss Latin America’s symbiotic relationship with crypto
From Bitcoin’s valuation getting pummeled to data breaches at Axie Infinity and layoffs at huge exchanges, crypto isn’t exactly having its best moment. But in many countries in Latin America, where much of the population craves a better financial future, investors are still bullish abou
Longtime Bitcoin bull Anthony Pompliano launches crypto hiring firm Inflection Points with $12.6M raise
Over the past 18 months, Inflection Points has been working in stealth mode to build out a crypto-focused employment and corporate training business and just secured $12.6 million in funding.
The firm was founded by Colton Sakamoto and longtime crypto entrepreneur and investor Anth
Sri Lanka central bank warns against use of cryptocurrency amid economic crisis
Sri Lanka has warned its citizens against using cryptocurrency, which it said is “largely unregulated” amid an ongoing political chaos in the South Asian nation.
The country's central bank, CBSL, said Tuesday it does not consider cryptocurrencies as legal tender in the country and reminded
Despite falling NFT sales volume, there’s more underlying strength to the market than you’d think
Bearish sentiment in the crypto markets has trickled down to the NFT subsector.
Over the past 30 days, NFT sales volume across the top 10 blockchains has fallen, according to data from NFT aggregator CryptoSlam. The biggest decline recorded was around 80% on BNB, or $19.19 million,