Tag: cryptocurrency

OBJ Is Getting His Whole Rams Bag in Bitcoin

OBJ Is Getting His Whole Rams Bag in Bitcoin OBJ, who also announced today that he’s expecting his first child with girlfriend Lauren Wood (h/t Buzzfeed), signed a one-year contract with the Los Angeles Rams on Nov. 12 worth as much as $4.25 million after being released from a controversial and unproductive stint with the […]

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The Creator Of ‘Squid Game’ Credits Cryptocurrency With Making The Show’s Dark Premise Seem More Realistic

As Squid Game continues to be an international phenomenon (and probably not the best theme for a party, Chrissy Teigen), the Netflix series’s creator Hwang Dong-hyuk has been sharing more and more of his creative process. As he previously revealed, Squid Game has been a decade-long labor of love that only intensified as Dong-hyuk dealt […]

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Elaine Welteroth Teams Up With Public To Increase Representation In Investing

NewsOne Featured Video Award-winning journalist and television host Elaine Welteroth has continually used her platform as an avenue to empower marginalized communities, and one of her latest projects is focused on increasing representation within the investing space. The Project Runway judge is teaming up with the investment platform Public to eliminate socio-economic barriers standing in […]

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Discord Backs Off of Crypto After Entire Internet Yells at CEO

Earlier this week, Discord CEO Jason Citron posted a tweet teasing integration between the gaming-focused chat platform and Ethereum, setting off a total shitstorm. The discourse around cryptocurrencies and blockchain collectibles such as NFTs, many of which run on Ethereum, has become extremely heated as of late and it appeared to boil over with Citron’s […]

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The US Government Made It Illegal to Buy These NFTs

Screengrab: OpenSea/weery The U.S. government put 57 cryptocurrency addresses and one exchange on the OFAC sanctions list on Monday for facilitating ransomware and money laundering. As it turns out, one of those addresses controls a bunch of NFTs that are currently still for sale on one of the most popular digital marketplaces.  Advertisement Blockchain infosec […]

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‘Financial Colonialism’: A Bitcoin Mine in Navajo Nation Flares Tensions

Just outside of Shiprock, New Mexico, on land belonging to the Navajo Nation, a Bitcoin mine owned and operated by a Canadian investment company consumes seven megawatts of power each month—enough to power 19,600 homes.  The operation is run by a firm called WestBlock Capital and mines between 23 and 25 bitcoins per month, equivalent […]

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EA and Ubisoft Imagine a Future Where Gaming Is Your Literal Job

Over the past week or so, all the desperate flailing about the so-called “metaverse” took a step forward as major video game companies like Ubisoft and EA announced their belief to investors that NFTs and blockchain tech are the future of the industry.  Advertisement Meanwhile, Silicon Valley has dumped trucks full of money into the […]

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Surprise! The Future of Media Involves a Crypto-Based Popularity Contest

This summer, I took a deep breath, steeled my nerves, and joined thousands of writers, artists, and tech types in what has become something of a weekly spectacle in crypto-curious corridors of social media: I asked my followers to help me win a popularity contest. It’s called the Write Race, and despite the name, it […]

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Why Andreessen Horowitz’s DAO Idea is DOA

This is a hell of a week for news about venture capital, which is of course joined at the hip to fintech. Sequoia Capital, the storied VC firm where I worked for a time, announced that it will pool all of its investments into a single fund. Instead of creating funds that last seven or ten years […]

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Crypto Investors Buy 40 Acres of Land in Wyoming to Build Blockchain City

Back in July, Wyoming passed a law legally recognizing Decentralized Autonomous Organizations (DAOs)—blockchain-based entities in which members vote on the group’s direction with tokens—so long as they are registered as companies in the state.  Now, one DAO that has aspirations of founding a blockchain-based city says it has actually purchased land in the state.  “Today, […]

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What the metaverse means for brand experiences

Join gaming leaders online at GamesBeat Summit Next this upcoming November 9-10. Learn more about what comes next.  With the cloud and the edge in place and 5G networking just around the corner, innovative minds are turning to the next question: What, exactly, are we going to do with this infrastructure? Increasingly, the answer is […]

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Cryptocurrency Loan Platform Implodes In $130 Million Hack

On Wednesday, crypto lending service C.R.E.A.M. Finance was the target of a hack that stole over $130 million. It’s not only one of the largest heists ever targeting a so-called “decentralized finance” (DeFi) platform, but also the third such hack targeting C.R.E.A.M., demonstrating the risks inherent in the burgeoning crypto loan industry. C.R.E.A.M. was targeted […]

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Meta4 Capital will invest up to $100M in rare NFTs

The minority-owned fund has backing from Andreessen Horowitz, one of the biggest and most-connected venture capital firms in Silicon Valley. Meta4 Capital is being set up by Fund Management, a cryptocurrency-focused investment management company. Miami-based Meta4 Capital’s managing partners are Brandon Buchanan and Nabyl Charania. The fund is still raising the rest of the $100 […]

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Steam reportedly blocks cryptocurrency and NFT games

Join gaming leaders online at GamesBeat Summit Next this upcoming November 9-10. Learn more about what comes next.  Valve is reportedly blocking cryptocurrency and NFT games on its Steam digital distribution network, according to Age of Rust developer SpacePirate Games. The studio said on Twitter that Valve was going to remove all such games from the […]

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A Glimpse Into Future Investing

Image credit: Mathieu Stern This piece originally appeared in FIN, James Ledbetter’s fintech newsletter. For centuries, the relationship between individuals and investment has been almost entirely siloed. There is you, and there is your banker, and there is a lot of legal and structural scaffolding to make sure that no one gets in between that relationship. Widening out […]

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UnitedMasters Launches Deal With Coinbase to Let Artists Get Paid in Cryptocurrency

UnitedMasters Launches Deal with Coinbase to Let Artists Get Paid in Cryptocurrency G/O Media may get a commission The platform is one of the first to offer this option, Bloomberg reports. Coinbase’s new payroll product gives artists the ability to choose how much of their royalties will be paid to them in cryptocurrency, as well […]

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Ted Cruz Says Bitcoin Mining Can Fix Texas’ Crumbling Electric Grid

Texas’ energy grid has problems. Those issues were laid bare this past winter when a storm put the state in a deep freeze, causing blackouts for millions and killing hundreds of people. Sen. Ted Cruz told a cryptocurrency conference in Austin last week that he believes the state’s Bitcoin mining boom could repair its floundering […]

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Check Point Research heads off theft of OpenSea’s crypto wallets

Join gaming leaders online at GamesBeat Summit Next this upcoming November 9-10. Learn more about what comes next.  Check Point Research found a flaw in OpenSea‘s crypto wallets and warned the fast-growing blockchain goods marketplace company before anyone started pickpocketing crypto wallets. The security tech firm said its warning helped prevent thefts on OpenSea, which […]

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CDX + FIN Present Accelerate Finance: Today! (Wed. Oct. 13, 2-5 ET)

Wednesday, October 13th | 2 – 5 PM ET Hosted in the financial capital of the world, New York City, Accelerate Finance: Money in a Mobile World will bring together executives from large financial services firms, fintech entrepreneurs, investors, enterprise software executives, stock analysts, and public policy experts for a half-day exploration of how the […]

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Why Big Company Fintech Innovation Is So Hard

Spanish banking giant Banco Santander is shutting down its cross-border money transfer service, PagoFX. This piece originally appeared in FIN, James Ledbetter’s fintech newsletter. This week witnessed major fintech pullbacks by two of the largest multinational companies in the world. The Spanish banking giant Banco Santander is shutting down PagoFX, the cross-border money transfer service it announced […]

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Bitcoin Miner Facing $5.6M Fine for Starting Rogue Power Plant

A Bitcoin miner in Inner Mongolia, China. Image: Bloomberg / Contributor via Getty Images It started with a mysterious humming noise that sounded like a wave “but 100 times more annoying,” according to local reports. Then residents of an estate in Alberta, Canada did some investigating and found out that the weird racket was actually a […]

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Documents Reveal Miami Mayor’s Struggle to Make the City a Bitcoin Utopia

Miami Mayor Francis Suarez speaks at Bitcoin 2021 in Miami. Image: Joe Raedle / Staff via Getty Images Miami Mayor Francis Suarez is a celebrity in the world of cryptocurrencies for his much-publicized efforts to turn the city into a Bitcoin haven. He proposed paying city employees in Bitcoin and allowing citizens to pay taxes with crypto in […]

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The Would-Be Banking Regulator Who Wants to Eliminate Banks

This piece originally appeared in FIN, James Ledbetter’s fintech newsletter. Perhaps we were not paying the closest attention—shouldn’t-this-have-happened-months-ago?—to who would be nominated to head the Office of the Comptroller of the Currency (OCC), that backwater financial regulator that is part of Treasury and is impervious to reform because its statutory empowerment dates to the Civil War. […]

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