Nearly $41 billion worth of cryptocurrency was sent to two types of Ethereum smart contracts associated with NFT marketplaces and collections from the beginning of 2021 through mid-December, according to a new estimate from blockchain analytics firm Chainalysis. From a report: The metric revises an estimate the firm included in a December report on NFTs that was based on data through mid-October, said Maddie Kennedy, a spokeswoman for Chainalysis.
Friday Bitcoin closed at just $59,948 — dropping 19% just for June and more than 50% lower than its record high in October of $124,310. To commemorate the occasion CNBC interviewed long-time bitcoin skeptic Jeremy Read more…
The European Parliament’s economic committee has backed a digital euro designed to reduce Europe’s dependence on US-controlled payment networks such as Visa and Mastercard. The ECB-backed currency is targeted for launch by 2029 after a Read more…
Coinbase is laying off about 700 workers, or 14% of its workforce, as CEO Brian Armstrong says the company is restructuring to become “lean, fast, and AI-native.” Armstrong claimed he’d seen engineers “use AI to Read more…