Category Archive: Cryptocurrency, No picture
Four Signs a Digital Dollar Is Coming (and Why You Should Care)
Key Takeaways As authorities increasingly turn their attention to crypto regulation, several signs indicate that a U.S. CBDC may be on the horizon. Authorities have warmed up to the idea in the months since President Joe Biden’s executive order directing dozens of government agencies to develop reports on crypto policy. While a CBDC would offer […]
BNB Chain’s $566M Hack: Binance Network’s Major Bridge Attack Unpacked
Key Takeaways BNB Chain suffered a $566 million exploit Thursday after a hacker tricked the BSC Token Hub bridge into sending them two million BNB. The hacker took a novel approach to siphon the funds across other networks, making off with about $110 million. The BNB Chain halted the network and is weighing an asset […]
Crypto on the Ballot: Five Midterm Elections That Could Impact the Industry
Key Takeaways The U.S. government is taking an increasingly aggressive stance towards crypto regulation. Some of crypto’s strongest allies at Congress are up for reelection this year. Crypto Briefing took a close look at five of the most important races in terms of their potential impact on the industry. The last two years have seen […]
How Much Energy Do NFTs Use? Less Than You May Think
Key Takeaways NFTs have faced major criticism concerning their impact on the environment. Much of the criticism is rooted in a misunderstanding about how blockchains function. The major Layer 1 blockchains that serve as the main hubs for NFTs consume less energy than detractors seem to think. Ethereum cut its energy consumption by 99.95% when […]
Forget Play-to-Earn—Factory NFTs Are the New Crypto Gaming Meta
Key Takeaways Play-to-earn gaming took the NFT space by storm in 2021, but a new group of crypto games is gaining popularity by employing a new “factory NFT” model. Factory NFTs let players mint other in-game assets, incentivizing adoption without relying on inflationary tokenomics. Parallel, DigiDaigaku, and Anomura are three examples of crypto gaming titles […]
The U.S. Has Declared War on Crypto. Here’s How We Fight Back
Key Takeaways Recent moves from key U.S. regulators have signaled that they plan to set some crypto rules in court, and they are not pulling any punches. What was once a distant worry is now an immediate threat to large swaths of the space, and the time to act is now. This can only be […]
Crypto Regulation Is Coming. Which Tokens Could Be Affected?
Key Takeaways The White House’s new crypto framework and other developments out of Washington DC show that regulation is coming to the digital assets space. The Treasury Department recently sanctioned Tornado Cash and could extend its blacklisting to other privacy-focused projects. The likes of XMR, DAI, and XMR could suffer amid increased regulatory pressure, but […]
Do Kwon Is Wanted in 195 Countries. What Happens Next?
Key Takeaways Do Kwon has been added to Interpol’s red notice list, Korean prosecutors have said. Prosecutors want to speak to Kwon and five other associates for alleged violation of capital markets law, but the full details of their case remain unclear. Thanks to the attention Terra’s collapse drew, the consequences for Kwon, Terraform Labs, […]
Which Ethereum Layer 2 Will Be Next to Airdrop a Token?
Key Takeaways Several Ethereum Layer 2 projects could soon launch their own native tokens. Arbitrum, StarkNet and zkSync have all hinted that launching their own token may be necessary to help them decentralize. StarkNet has already confirmed that it will launch a token in the future, though no date has been announced. Several Ethereum Layer […]
Why the Ethereum Merge Was a “Sell the News” Event
Key Takeaways Ethereum has successfully shipped the Merge after years of anticipation, but ETH is down. The number two crypto has lost 25% of its market value over the past week. Though the Merge brought several notable upgrades, it will likely take time for the market to digest the event. The weak macro environment has […]
