Ross Ulbricht’s debut NFT sold for $6.2M at auction
FreeRossDAO buys the Silk Founder’s NFT created from prison and auctioned off via SuperRare to fund future efforts to free Ulbricht. After announcing the launch of his “Genesis Collection” nonfungible token (NFT) auction, Ross Ulbricht, the alleged founder of dark …
Crypto Biz: Smart money ignores BTC price correction as $800M set to flow into blockchain startups, Dec. 9
Crypto- and blockchain-focused capital raises continue to make headlines as venture funds look to support the emergence of Web 3.0. Bitcoin’s (BTC) return to sub-$50,000 levels has many market participants fretting over the legitimacy of their favorite price models. For …
Polygon to invest up to 250M MATIC into zero-knowledge tech
If fully vested, it would be a $627.5 million investment into zero-knowledge technology at today’s MATIC price. Ethereum scaling solution Polygon has announced it will dedicate a maximum of 250 million MATIC tokens ($627.5 million) to a deal with zero-knowledge …
US lawmaker purchases exposure to Bitcoin through Grayscale shares
Congressperson Marie Newman bought between $15,001 and $50,000 of GBTC in addition to up to $215,000 in Coinbase Global’s COIN shares. Illinois Representative Marie Newman has disclosed she purchased up to $50,000 in exposure to crypto through shares of Grayscale …
Ethereum transaction energy use equals 2.5 miles in a Tesla Model 3: Report
One Ethereum transaction uses enough energy to power a house all day, but how much does the fiat financial system use? In contrast, a transaction on Tezos takes 0.0016 kWh or less than the energy required to charge an Apple …
Bitcoin continues consolidation: Are we still in a bull market? | Tune in now to The Market Report w/ Ran Neuner
“The Market Report” with Cointelegraph is live right now with special guest Ran Neuner, co-founder and CEO of Onchain Capital and founder of “Crypto Banter.” Join Cointelegraph host and analyst Benton Yaun alongside resident market experts Jordan Finneseth and Marcel …
Semiotic AI granted $60 million by the Graph Foundation to support ecosystem growth
Semiotic AI will become the third core protocol developer to join the Web 3.0 network this year and is set to enhance the platform’s security, scalability and economic efficiency through the use of emerging technologies. The Graph Foundation has announced …
SushiSwap CTO resigns citing internal structural chaos
“I am now going to take a one-month vacation with my wife and kids and go build my next project. Long live Sushi,” said Joseph Delong. Late Wednesday, Joseph Delong, chief technology officer of SushiSwap, the 13th largest decentralized exchange, …
Coinbase users launch online refund campaign following GYEN troubles
Many Coinbase customers are understandably frustrated after the company decided to freeze their accounts for weeks. Coinbase has come under fire recently following a technology snafu that reportedly resulted in the company closing many of its customer’s accounts. When users …
Kazakhstan to decide whether to launch CBDC by late 2022
One of the world’s biggest Bitcoin mining countries is still thinking about whether it needs a central bank digital currency. Kazakhstan, one of the world’s largest countries in terms of Bitcoin mining hash power, is continuing to explore a potential central …