Stepn, a lifestyle and move-to-earn application, partnered with Germany-based apparel company Adidas to issue the Genesis Sneakers NFT collection. The collection, which marks the start of a one-year collaboration between these organizations, comprises 1,000 NFTs inspired by Adidas’ “most iconic” running silhouettes and cobranded by the two companies. Stepn Teams With Adidas to Issue Co-Branded […]
Read MoreDay: April 16, 2024
South Korean Won Overtakes US Dollar as Top Currency in Global Crypto Trading for Q1 2024
In the first quarter of 2024, the South Korean Won surpassed the US dollar as the leading currency for global cryptocurrency trades, with a cumulative trade volume of $456 billion according to research firm Kaiko, reflecting a growing speculative interest in risky crypto assets in South Korea. The increase in Korean won-denominated trades has been […]
Read MoreBIS Boss Coins ‘Finternet’ Term, Touts Tokenization as Tool for Solving Today’s Financial System Shortcomings
BIS Head Agustin Carstens and Infosys co-founder Nandan Nilekani have proposed the idea of the “Finternet,” an interconnected financial system led by tokenized assets that would help to overcome today’s shortcomings in transacting financial assets. The core of this system would rely on the possibility of smart contracts managing these assets programmatically. BIS Boss Highlights […]
Read MoreNorway to Target Cryptocurrency Mining Through Data Center Regulation
Norway has recently announced its intention of enacting a data center-focused law, which seeks to exert more control over the operations performed at these locations. One of the objectives behind this move would be to crack down on data centers hosting cryptocurrency mining operations, as it is an unwanted business in the country. Norway to […]
Read MorePeter Schiff Explains Why Gold’s Price Is Rising — Warns Bitcoin Is a ‘Gigantic Bubble’
Economist and gold bug Peter Schiff has explained why the price of gold is rising, warning that bitcoin is a “gigantic bubble.” He expects gold to be in “double digits” by next year. Meanwhile, he said that bitcoin is in a bear market and the price of the cryptocurrency “is going much lower than this.” […]
Read MoreCove Partners With Bazaar for Pioneering $COVE Token Auction to Decentralize and Bootstrap Protocol Liquidity
PRESS RELEASE. San Francisco, April 16th: Cove, the first onchain portfolio manager that eliminates loss-versus-rebalancing, has announced a strategic partnership with Bazaar, the decentralized and chain-agnostic launchpad. This collaboration is set to revolutionize the way Cove engages with its community by offering a fair and accessible opportunity to participate in the $COVE token launch. $COVE […]
Read MoreSkybridge Founder: It Pays to Be Long Bitcoin — BTC Will Be Inflation Hedge and Store of Value as It Scales
Skybridge Capital founder Anthony Scaramucci firmly believes that bitcoin will be both an inflation hedge and a store of value as the cryptocurrency scales. He emphasized that bitcoin is “still an early stage technical asset that will trade like other risk assets until it exceeds a billion users.” Scaramucci Doubles Down on Bitcoin as Inflation […]
Read MoreAzteco Is Helping Millions Buy Bitcoin Without Sharing Their Identity
Company Name: Azteco Founders: Alexander Fernandez and Paul Ferguson Date Founded: 2014 Location of Headquarters: Santa Monica, CA Amount of Bitcoin in Treasury: Not disclosed Number of Employees: 12 Website: https://azte.co/ Public or Private? Private When Alexander “Akin” Fernandez first conceptualized Azteco over a decade ago, he simply wanted to make bitcoin easier to obtain. He wanted people to be able to purchase bitcoin as seamlessly as they were able to buy a gift card, and so he developed a system in which people can purchase prepaid bitcoin vouchers for as…
Read MoreCore Scientific Set to Boost Texas Mining Facility by 72 MW Ahead of Bitcoin Halving
With just over three days remaining until the halving, Core Scientific has announced its plans to enhance its Texas mining facility by an additional 72 megawatts. This project is scheduled for completion by the end of the second quarter of 2024. This expansion aims to augment the company’s existing hashpower capacity. Core Scientific Plans for […]
Read MoreThe Weekly Reorg: Bitcoin Fashion Week
In case you missed it, Bitcoin Season 2 released part of its Spring/Summer collection last week. Amongst other things, Mezo, a “Bitcoin economic layer” came out of stealth with a $21 million fundraising round. Alpen Labs announced a $10.6 million bankroll to bootstrap a Bitcoin-native zero-knowledge infrastructure. Another posse of blockchain designers, including the folks at Starkware, got together and launched the L2O Consortium “to set standards for trustless applications and Layer 2s.” Of course, nobody knows what this all means, but it’s provocative. It gets the people going, the…
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