Category: Crypto

Sanchan Saxena, the Vice President of product at Coinbase said yesterday that the “insane” amount of traffic from signing up to waitlist temporarily broke the site. There have already been more than 1 million sign-ups for Coinbase’s NFT platform since the waitlist went live on Oct.12. Coinbase opened up the waitlist via a blog post […]

The UK gambling watchdog is trying to determine whether or not fantasy NFT soccer game Sorare should be required to have a gambling license. The Gambling Commission in the UK has opened an inquiry into Sorare, a popular NFT fantasy soccer game that raised $680M in a funding round last month “The Gambling Commission is […]

The owners of a cryptocurrency firm that raised approximately $24 million from more than 13,000 investors have pleaded guilty to tax evasion. “These crypto-savvy defendants exploited an emerging technology, lying to their investors, pocketing the proceeds, and concealing the income from the IRS,” said acting U.S. Attorney Chad Meacham. Crypto Firm’s Founders Face up to […]

The firm uses a sustainable energy source by converting waste coal into power to mine Bitcoin. U.S. Bitcoin mining company Stronghold Digital Mining will list almost six million shares in an initial public offering on the Nasdaq. Stronghold plans to list 5,882,352 Class A common stock shares priced between $16 and $18 under the ticker […]

China’s Bitcoin (BTC) crackdown drove the lucrative business out of the country and helped establish the US as the heart of the mining operations, data from the Cambridge Centre for Alternative Finance reveals. According to the Cambridge Bitcoin Electricity Consumption Index (CBECI), which provides a real-time estimate of the total electricity consumption of the Bitcoin […]

According to Bloomberg Senior ETF analyst Eric Balchunas there are “good signs” that the SEC will approve Bitcoin futures ETF applications from Ark Invest and Valkyrie. Bloomberg’s senior ETF analyst says there are “good” signs that a Bitcoin ETF will soon be approved, pointing to Ark Invest filing for a Bitcoin futures ETF with an […]

Bank of England Deputy Governor Jon Cunliffe says that a collapse in the cryptocurrency market is certainly “plausible,” stating that regulators worldwide need to pursue crypto rules “as a matter of urgency.” While cryptocurrencies do not currently pose a threat to the country’s financial stability, the deputy governor says there are some “very good reasons” […]

The International Monetary Fund (IMF) has recently released its new Global Financial Stability Report, in which the entire chapter was dedicated to the discussion about financial stability challenges posed by the accelerating crypto adoption. The report reiterated old warnings, focusing on the advent of crypto in developing economies, while addressing some of the new emerging […]

While alternative cryptocurrencies may on the outside be shiny and attractive, they lack the fundamental aspects that give bitcoin value. “There’s a lady who’s sure all that glitters is gold And she’s buying a stairway to heaven”  Robert Plant and Jimmy Page – Led Zeppelin – Stairway To Heaven “Fool’s gold” is a common nickname […]

Alarmingly, G7 governments appear to be following a playbook designed to cap interest rates and let inflation run hot. The below is from a recent edition of the Deep Dive, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe […]