NFTs
Non-fungible tokens cannot just be collectibles or status symbols anymore. The key to the longevity and relevance of the once-hot blockchain asset is utility.
Bitcoin
The pre-eminent cryptocurrency is trading at its highest levels in more than two years.
Regulation
The remarks came at a conference on Internet policy in Washington, DC on Monday with top policymakers in attendance.
Ethereum
The unofficial and experimental Ethereum token standard called ERC-404 sparked a trading frenzy last week that saw gas prices reach a peak of 377 gwei. Now, tokens across the sector are down over 30% after seeing a decline late on Sunday.
The combined value of assets under management across spot Bitcoin ETFs surpassed the $10 billion market just one month after they began trading.
DeFi
Pandora is novel because crypto denizens can trade it on both a decentralized exchange or an NFT marketplace. Rolled out on Feb. 2, the token has a market cap of over $245 million.
The bug, previously identified in a test network, caused Solana validators to enter into an “infinite loop” that made them stall on a block and prevent consensus agreement.
In the second phase of its airdrop, the oracle is sending out about $52 million worth of its governance tokens to decentralized applications that use its price data.
Business
The New York Attorney General’s office now says that DCG and its affiliate Genesis defrauded customers and institutions of more than $3 billion, up from the initial charges of $1.1 billion.
Genesis has settled a lawsuit with the New York Attorney General, structuring the settlement to pay back Gemini Earn customers and other creditors with funds that would have otherwise gone to authorities.
