Major auction house Phillips has just sold a "self-replicating" non-fungible token (NFT) for $3.4 million. The NFT, titled “REPLICATOR,” was created by digital artist Michah Dowbak, also known as Mad Dog Jones. The piece marks the auction house’s first-ever NFT sale....
Satoshi
Ethereum ETFs are here, building case for US approval of BTC and ETH funds
While Bitcoin may evolve to become gold 2.0, Ether-based funds could offer investors exposure to a new utility technology. Unlike its neighbor to the south that continues to procrastinate, Canada seems to be fast-tracking crypto assets — as evident again last week in...
Charles Schwab needs regulatory clarity before offering crypto trading service, says CEO
Charles Schwab, the largest investment broker in the U.S., needs regulatory clarity before offering crypto trading services. In a spring business update on Thursday, Charles Schwab CEO Walt Bettinger said the company is "very closely" and "cautiously" looking at the...
A question for the Financial Action Task Force: What exactly counts as a VASP?
Quick Take A new draft guidance on cryptocurrency from the Financial Action Task Force raises the bar for cryptocurrency regulation. The document appears to expand the definition of a key term: virtual asset service provider, or VASP. This feature story is available...
A Small Group of Investors Spent $24.5 Billion on Bitcoin in the Last Few Months
More than 1,000 wealthy investors have accumulated large sums of Bitcoin over the last three months, wrote Chainalysis chief economist Philip Gradwell yesterday in his weekly market intelligence report. In the report, Gradwell used blockchain data to analyze the...
Bitgo Chosen to Manage Seized Cryptocurrencies for the US Marshals Service
The U.S. Marshals Service has published a contract showing the crypto custodian Bitgo has been chosen to manage law enforcement’s seized bitcoin acquired through criminal forfeiture. The contracted deal is $4.5 million for the storage, maintenance, and disposal of...
Crypto index fund run by Bitwise files to become SEC reporting company
Bitwise Asset Management, the crypto-focused investment firm, has a submitted a filing to the U.S. Securities and Exchange Commission that, if approved, would see its main fund become an SEC reporting company. The filing for the Bitwise 10 Crypto Index Fund, made...
Torum Closes Million Dollars Private Round to Create Social Media Platform With NFT and DeFi
PRESS RELEASE. Torum, a social media platform specially designed for cryptocurrency users, is proud to announce that the project is now backed by some of the most promising VCs in the crypto industry. The $1.45M private round was participated by 13 private investors...
Leaked Nvidia RTX 3080 Ti GPU shown mining Ether at 118 Mh/s
Leaked screenshots of the latest Nvidia GPU mining Ether at full power leaves gamers worried and miners rubbing their hands. Nvidia’s RTX 30 series of graphics cards have been subject to unending speculation, rumors and even ridicule since the firm first announced it...
Cointelegraph Consulting: The post-genesis state of the Fei Protocol
Despite the differences in investment behavior, both retail investors and whales were quitting Fei actively after the genesis event. Following the Fei Protocol falling short of expectations at the beginning of April, much ink has been spilled on the doomed design of...