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NFTs No More: Meta Platforms Ends Support, AI’s Impact on Web3

• Meta Platforms ended its support for NFTs, which could affect Web3 creators. • Artificial Intelligence (AI) continues to be used in Web3 and we explored the intellectual property (IP) rights of AI-created works. • Yuga Labs‘ new CEO will make his first public appearance since assuming the position. Meta Platforms Ends Supports for NFTs […]

Bitcoin’s On-Chain Metrics: Why It’s a Store of Value

• This article evaluates whether Bitcoin can be used as a store of value (SoV). • On-chain metrics such as realized capitalization and holding trends demonstrate that there is belief in bitcoin as an SoV. • Despite its price volatility, BTC exhibits qualities of sound money including durability, portability, scarcity, uniformity, and divisibility. Evaluating Bitcoin […]

Altcoins Slump Following Bitcoin Weakness; Over $100M Liquidated

• Bitcoin fell Thursday due to multiple catalysts that caused selling pressure. • Tokens of major blockchains such as solana (SOL) and matic (MATIC) dropped 6% while Uniswap’s UNI and Avalanche’s AVAX fell 4%. • AI-focused tokens The Graph (GRT) and SingularityAI (AGIX) fell 8%, while gaming-focused ImmutableX (IMX) dropped over 12%. Crypto Markets See […]

IMF Board: Crypto Shouldn’t Be Legal Tender, But Bans Not Ruled Out

• The IMF’s Executive Board stated that cryptocurrency should not be granted legal tender status in order to safeguard monetary sovereignty and stability. • The Board acknowledged that strict bans may not be ideal, but targeted restrictions could apply to limit crypto risks. • The IMF has previously expressed concern that crypto could be used […]

TRU Token Rallies Over 200%, But What’s Behind the Speculation?

• TrueFi’s TRU token surged over 200% after Binance’s TUSD mint sparked speculation. • The speculation appears to be misplaced as the issuers of TrueUSD and TRU were separated in 2020. • TrueFi is in the process of transferring its IP and assets to the TrueFi Foundation, a legal entity. TrueFi’s TRU Token Rallies Over […]

Kraken to Pay $30M & End US Crypto-Staking Amid SEC Charges

• The SEC has reached an agreement with Kraken to shut down their crypto staking service for US customers and pay $30 million to settle Securities and Exchange Commission (SEC) charges. • Kraken’s staking service offered a 20% APY, promising to send customers staking rewards twice per week. • This settlement comes after Coinbase CEO […]

Coinbase Shares Soar on Fed Decision, Crypto-Related Stocks Rally

• Coinbase (COIN) shares jumped more than 20% after the latest Fed rate hike decision and dismissal of a class-action lawsuit. • Crypto-related stocks are rallying, with MicroStrategy (MSTR) up 10% and Silvergate Capital (SI) soaring 30%. • Barclays said Coinbase volumes rose 56% in January from the previous month, near levels seen before FTX’s […]