Category Archive: Cryptocurrency, No picture
Which Projects Could Be Affected by 3AC’s Liquidity Crisis?
Key Takeaways Three Arrows Capital is facing a liquidity crisis due to the collapse of the crypto market. It’s believed that the firm could be facing bankruptcy as it struggles to pay off its debts. It’s likely that the firm will be forced to sell vested tokens it received from backing crypto projects to meet […]
Decadence and Denial: Reflections on Consensus 2022
Key Takeaways Consensus 2022, CoinDesk’s flagship crypto conference, took place last week in Austin, Texas. The live music capital of the world drew in over 15,000 crypto enthusiasts from across the globe. However, the conference festivities were offset by the sharp decline in the crypto market during the event. Last week, CoinDesk hosted its flagship […]
NFT Project Spotlight: fxhash, the Tezos-Based Generative Art Platform
Key Takeaways fxhash is a generative art platform that lets anyone upload their code and mint the outputs as Tezos NFTs. The project focuses on making generative art more accessible for both creators and collectors. The success of fxhash and other generative art platforms such as Art Blocks signals the growing interest in generative art […]
DeFi Project Spotlight: Frax Finance, a Sweet Spot for Stablecoins
Key Takeaways Frax Finance is an on-chain protocol that mints and manages the FRAX stablecoin. FRAX maintains its peg through a dual collateral-backed and algorithmic mechanism, making it more scalable and capital efficient than overcollateralized stablecoins. Frax also utilizes Algorithmic Market Operations to generate revenue and ensure the protocol is more secure and robust. Frax […]
NFT Project Spotlight: Ember Sword, the NFT-Driven MMORPG
Key Takeaways Ember Sword is an NFT-based MMPORG created by Bright Star Studios. The game is aiming to create an open, immersive virtual world that integrates Polygon NFTs. After a $204 million land sale in 2021, Bright Star is aiming for a full release by the end of 2023. Crypto Briefing talks with Bright Star […]
A Week of Terra: the Story of Do Kwon and His Black Swan Wipeout
Key Takeaways Terra suffered the greatest crash in crypto history last week after its algorithmic stablecoin lost its peg to the dollar. The Layer 1 blockchain had a spectacular run leading up to its demise, but there were clear signs that it was nearing its end. The industry will need time to take stock of […]
The Crypto Whales That Backed Terra Before It Imploded
Key Takeaways Terra collapsed in dramatic fashion this week after its UST stablecoin lost its peg to the dollar, sending LUNA into a death spiral. Many of the top venture capital firms in the crypto space backed and publicly endorsed Terra before it imploded. Terra’s meltdown has been described as a watershed moment for the […]
DeFi Project Spotlight: Stargate, Cross-Chain Liquidity Reimagined
Key Takeaways Stargate is the first fully composable cross-chain liquidity transfer protocol for native assets with unified liquidity and instant guaranteed finality. Stargate is built over LayerZero, a novel trustless cross-chain messaging protocol that lets smart contracts and decentralized applications living on different blockchains communicate with one another. Stargate is built as an open and […]
Terror’s Dough Con Planning to Dump Bitcoin to Zero: Sources
Key Takeaways Dough Con wants to dump Bitcoin to zero because he has realized that Terror is destined to fail, anonymous sources have said. Con reportedly enlisted the help of a group of Bored Ape hackers and 0xSifu to acquire Satoshi Nakamoto’s seed phrase to get access to his Bitcoin. Several Layer 1 networks have […]
Opinion: WSJ Says the NFT Market Is Dying. It’s Wrong
Key Takeaways The Wall Street Journal has published a misleading article claiming that the NFT market is dying. The article cherry-picks examples of poorly-performing NFTs, highlighting the journalist’s lazy reporting. In the same article, claims of an imbalance between supply and demand in the NFT market completely miss the value proposition of non-fungible tokens. Data […]
