Instagram is one of the largest social media platforms in the world, with around 2 billion monthly active users. Early last year, its parent company Meta Platforms began testing out non-fungible token (NFT) sharing, allowing select users to connect to their digital wallets and sh
The great decoupling.If there is a silver lining in the experiences of the last few months, it may turn out to be one that turns the world of blockchain away from financial engineering and towards more compelling business applications that truly create value.
The past six months has been a banner stretch for the development of artificial intelligence (AI). Image processors such as Midjourney and text generators including ChatGPT have sparked immense public fascination and debate. Unlike the promise of self-driving cars, these applicat
General consumers, investors, creditors, traders or bankers invest in digital transformation through blockchain development. Blockchain is a technology that can be the backbone of any system in every business sector imaginable, and many already are.
Ethereum developers are hard at work trying to make its blockchain more user-friendly.One of the downfalls of crypto is the costliness of simple screw-ups. For instance, if a user loses the keys to their crypto account, they could lose access to their crypto holdings forever. In
Wylie Aronow and Greg Solano, the co-creators of the perennially popular Bored Ape Yacht Club non-fungible token (NFT) series, will be deposed as part of an ongoing trademark lawsuit Yuga Labs, the corporate backer of BAYC, filed against conceptual artist Ryder Ripps. They didn&r
Amid all the “bah, told you it was all worthless” commentary from skeptics recently, something crystallized for me. I did not fully appreciate how much public perception of crypto had shifted since the last time prices were bouncing along cyclical lows. Back then, cry
Crypto advocates are pinning their hopes on France’s National Assembly, the lower house of the French Parliament, to overturn a legal change they worry could wreck France’s goal of becoming an innovative crypto hub.Making crypto companies seek mandatory licenses to op
As a long-time crypto skeptic, it may seem odd that I am helping organize a digital assets conference at Duke University on Jan. 20-21. After all, I once wrote a Wall Street Journal op-ed calling for a cryptocurrency ban. While I continue to believe that unbacked cryptocurrencies
HONG KONG – Christopher Hui first heard of crypto from some friends who were running investment funds and investing in virtual assets. Now, as secretary for Financial Services and the Treasury of Hong Kong (FSTB), he’s developing policy direction for the sector.During
On the surface, decentralized finance (DeFi) and centralized finance (CeFi) appear to be opposites. Over the past few years, however, DeFi and CeFi have become complementary, respectively providing the decentralized infrastructure and compliant onramps for crypto to grow.
As with all financial assets, market performance is usually the first thing that comes to mind when considering a “year in review.” Bitcoin (BTC) and ether (ETH) followed a blistering-hot 2021 with a 65% and 67% pullback in 2022.As for macro assets, their correlation
It’s time to put 2022 in the rearview mirror -- finally. This past year was dominated by controversy, bankruptcies, and some cryptocurrencies even becoming completely worthless.
In December, the United Nations announced a plan to start sending aid to Ukrainians displaced by the ongoing war with Russia using a stablecoin. Beginning in the cities of Kyiv, Lviv and Vinnytsia, the Office of U.N. High Commissioner for Refugees (UNHCR) would send direct paymen
LAS VEGAS — Is Web3 ready for prime time?Some of the televisions unveiled this week at the annual CES trade show purportedly make accessing metaverse worlds or non-fungible token (NFT) wallets as easy as clicking the remote, escalating a long-running race among manufacturer
I’ve been working on consumer products for about a decade, having contributed to teams that have built and scaled apps to hundreds of millions of users. For the last six years I’ve been 100% focused on crypto. A large part of that has been working on scaling solutions
The collapse of the second-largest centralized cryptocurrency exchange FTX has asserted how centralized finance (CeFi) is different, and in many regards, riskier than decentralized finance (DeFi).