LendInvest co-founder Christian Faes has corralled tens of millions of dollars for a new crypto mining venture.
The post LendInvest chair Faes to set up crypto mining operation in Texas appeared first on The Block.
Bitcoin’s network mining difficulty has risen by more than 9%, marking the biggest difficulty adjustment since last summer.
The post Bitcoin network difficulty jumps more than 9% to new all-time high appeared first on The Block.
The Federal Reserve dropped a new central bank digital currency white paper on Thursday. While largely avoiding the topic of crypto, it suggests that a US CBDC could compete with “private digital money.”
The post New Fed paper hints that a US CBDC could compete with ‘private digital money’ appeared first on The Block.
Congress and crypto meet again, this time over Bitcoin mining’s energy use, as new climate legislation is in the pipeline.
The post No fireworks at House’s Bitcoin mining hearing, but pending climate bills could home in on crypto appeared first on The Block.
adidas Originals is working with Prada in an NFT collaboration that will feature user-generated content and creator-owned art.
The post adidas Originals and Prada Announce a user-generated NFT Project appeared first on The Block.
The US Fed’s long-awaited report on central bank digital currencies dropped Thursday afternoon.
The post Federal Reserve publishes long-awaited central bank digital currency report appeared first on The Block.
Quick Take
- Client demands push Wall Street investment banks to onboard new products to deliver cryptocurrency exposure
- BNY Mellon, Citi, J.P. Morgan, Morgan Stanley, Goldman Sachs, and Wells Fargo all have dedicated blockchain and digital asset divisions.
- The widespread increase in cryptocurrency popularity during 2021 led many banks to allow clients to engage in cryptocurrency investment
Twitter’s long-awaited integration of non-fungible token (NFT) profile pictures has begun to arrive.
The post Twitter begins rolling out access to NFT profile pictures appeared first on The Block.
Quick Take
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Decentraland’s value proposition is centered on social experience, as evidenced by the current progress of its metaverse, which includes art galleries by Sotheby’s and Samsung virtual store.
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MANA’s value capture is based on the burning mechanism through its economic activity, but its community members opted to convert it to a revenue-generating mechanism to accelerate Decentraland’s development.
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Decentraland may be at risk of poor and inactive urban planning due to the ability to create ESTATEs by anyone with two or more adjacent lands. This could result in aimless exploration, leaving the users disinterested in staying in the metaverse.
Metaverse startup Cyber quietly closed a $6.7 million in November in a round led by Variant.
The post Metaverse startup Cyber has raised $6.7 million from a bevy of big-name NFT investors appeared first on The Block.
