NFTs boom might be over, but the unique digital assets are not going anywhere. According to a recent Fortune report, non-fungible token platforms, along with DeFi, are now venture capitalists’ favorites. VC tycoon Andreessen Horowitz, for instance, recognizes that “that crypto is more of an architecture and operating system, and that all kinds of products and services can be built on top of" it. The company also invested in the leading NFT marketplace OpenSea, which is a very vivid sign for the NFT community. But even if you’re not an artist or a musician, you can still make a living …
It’s been a good week for the crypto markets. Bitcoin finally burst through the $11,000 ceiling, and kept going. According to some experts, the coin could be on its way to a full 2017-style bull run. Other analysts have identified five events that could move the markets this week, including the election’s effect on the dollar, Europe’s struggles with Brexit and the coronavirus, and Bitcoin’s high hash rate. The investment experts at Stone Ridge Asset Management have been paying attention. After executives had made personal investments in cryptocurrencies, the company created a billion-dollar spinoff with a $115 million investment in …
Why wait for one of your investments to release a new feature when you can just build it yourself? Delphi Digital’s newly announced expansion aims to do just that. The cryptocurrency investment, media and research company is now adding a Delphi Labs department that will be focused on contributing to Ventures portfolio company development. 0/ We’re happy to announce the next stage in @Delphi_Digital's evolution: Delphi Labs Our goal with Delphi Labs is simple: to become the leading contributor helping to build out the decentralized futurehttps://t.co/DEmgfPORmQ — Delphi Digital (@Delphi_Digital) February 26, 2021 The move will help expand Delphi’s current …
Rounding up the last decade, Ethereum co-founder Vitalik Buterin revisited his predictions made over the years, showcasing a knack for being right about abstract ideas than on-production software development issues. Buterin started the Twitter thread by addressing his article dated Jul. 23, 2013 in which he highlighted Bitcoin's (BTC) key benefits — internationality and censorship resistance. Buterin foresaw Bitcoin’s potential in protecting the citizens’ buying power in countries such as Iran, Argentina, China and Africa. However, Buterin also noticed a rise in stablecoin adoption as he saw Argentinian businesses operating in Tether (USDT). He backed up his decade-old ideas around …
The U.S. Department of the Treasury released a study on the high-value art market, highlighting the potential in the nonfungible tokens (NFT) space to conduct illicit money laundering or terror financing operations. The treasury’s “Study of the facilitation of money laundering and terror finance through the trade in works of art” suggested that the increasing use of art as an investment or financial asset could make the high-value art trades vulnerable to money laundering: “The emerging online art market may present new risks, depending on the structure and incentives of certain activity in this sector of the market (i.e., the …