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‘Probably Nothing’: Why People Still Hate Crypto

‘Probably Nothing’: Why People Still Hate Crypto

Community response to Discord potentially integrating an Ethereum wallet show how skeptical the greater public really is.

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Miami’s mayor says residents will receive a bitcoin dividend in a MiamiCoin wallet

Miami is planning to pay a bitcoin dividend to those who acquire a wallet, register for the dividend and pass a verification process. 

The post Miami’s mayor says residents will receive a bitcoin dividend in a MiamiCoin wallet appeared first on The Block.

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‘Curve Wars’ Heat Up: Emergency DAO Invoked After ‘Clear Governance Attack’

In a governance first, Curve has halted rewards emissions to a pool after deeming a protocol’s behavior a “clear governance attack.”

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This Imprisoned Russian Artist Is Selling NFTs to Support His Family and Fellow Inmates

Pavel Skazkin, aka “Papasweeds,” found a creative outlet, a sense of purpose and a source of income to supplement his meager inmate’s salary, thanks to the NFT market explosion.

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Crypto-Focused Bank Silvergate Rallies After JPMorgan Sees Industry Adoption Growth

Silvergate Capital Corp. shares jumped as high as 13% Thursday after JPMorgan initiated research coverage with an overweight recommendation and a $300 price target.

  • The price target would represent a 59% increase over yesterday’s closing price of $188.73. In recent trading, the shares were at $210, up about 11%.
  • “Silvergate’s status as the pure-play bank of the crypto ecosystem, has led to the creation of a bank not only with superior growth potential, but also that operates with one of the highest quality balance sheets in the industry,” JPMorgan analyst Steven Alexopoulos said in a note to clients.
  • JPMorgan sees Silvergate as a way for investors to gain exposure to crypto adoption and disruption.

Read more: Silvergate Capital 3Q EPS Beats Estimates; Digital Currency Deposits Grew to $11.2B

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Bitfarms Buys 24MW Crypto Mining Facility in Washington State for $26M

The bitcoin miner plans to run approximately 6,200 Bitmain S19j Pro miners in the new hydro-powered facility, with potential capacity of 620 PH/s mining power.

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Investing in Bitcoin Directly May Be Better Bet Than Coinbase: Mizuho

Coinbase could face industry headwinds amid the wider adoption of cryptocurrency, Mizuho told clients.

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Russian lawmakers prep legislation and form working group to address growing bitcoin mining industry

The chairman of the State Duma is pushing for a new inter-committee working group on cryptocurrencies.

The post Russian lawmakers prep legislation and form working group to address growing bitcoin mining industry appeared first on The Block.

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Sotheby’s to hold real-time bids in ETH for Banksy art auction

“The Now” auction appears to be the first time the 277-year-old art house will prioritize crypto as a payment over fiat currency. 

The post Sotheby’s to hold real-time bids in ETH for Banksy art auction appeared first on The Block.

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