The current Web 3 stack is an evolving canvas of composable protocols, each totally open source, and susceptible to competitive projects forking their code. The ease of building a look-a-like project in the Web 3 space can make it hard to decipher which protocols will become more
The world’s first central bank digital currencies (CBDCs) outside mainland China will start arriving in 2022. Indeed, a couple, like the Bahamas sand dollar and the Nigerian eNaira, have already arrived. And people should have appropriate expectations, because these early C
It was striking how quickly Crypto Twitter’s obsessions this week went from "How dare you dox that couple of Floridians" to "Woo-hoo, give me all the crazy dox you’ve got on that New York couple."Many in the community were incensed when BuzzFeed journalist Katie Notop
After reaching an all-time high of $4,800 in late 2021, Ethereum (ETH) came crashing back to earth (along with the rest of the crypto market) to start the year with lows around $2,200. But its value looks to be on the ascent
Here’s one take on formerly anonymous figures in the crypto world being publicly revealed: The two founders of the Bored Ape Yacht Club (BAYC) weren’t “doxed” by BuzzFeed News. In fact, they doxed themselves.Last week, the crypto community was embroiled in
Recently, a popular financial Twitter (or #FinTwit) personality joined the financial TV channel Real Vision and said that “bitcoin is a pretty terrible form of money.” The same day, Fidelity Digital Assets released a report called “Bitcoin First: Why investors n
New crypto investors have likely noticed the drastic price drops and bearish sentiment detectable throughout the crypto market, with bitcoin at a six-month low and altcoins not far behind.Yet crypto industry insiders remain optimistic – at least from a long-term perspective
Game developers have solved staking, liquidity pooling and other aspects of blockchain technology, but they are still whiffing on the gaming part of their projects.They focus too much on token implementation. If we want to expand the metaverse, developers must do better. Pre-bloc
Yesterday we got stunning news of the arrest of a New York couple, Ilya “Dutch” Lichtenstein and Heather R. Morgan, for their alleged role in attempting to launder bitcoin now worth a staggering $4.6 billion. That bitcoin was stolen from the global exchange Bitfinex i
With simple contract interactions now costing in the hundreds of dollars, Vitalik Buterin has shifted his focus to scaling Ethereum. Demand for blockspace on the mainnet has skyrocketed over the last year, and transaction fees are pricing many users out of using the most coveted
The Terra ecosystem has a mystery on its hands: Which professional sports team will be the recipient of nearly $40 million in crypto sponsorships?I don’t have the answer, but I think I’ve formulated the next best thing. Come with me down the rabbit hole to see what I
Last week the proof-of-stake (POS) and wider cryptocurrency community celebrated what seemed like a victory following an Internal Revenue Service decision to concede a lawsuit filed by Joshua and Jessica Jarrett, who sought a $3,200 refund for taxes they paid on staking rewards i
The past 10 days have been extremely eventful in the crypto world, as three dramatic events test the core values of the community – and, perhaps, highlight their limits.First, in late January, came the revelation that 0xsifu, the pseudonymous co-founder and chief financial
Stablecoins seem to be the vector by which the U.S. will implement regulations on cryptocurrencies directly. A hearing in the House of Representatives will bring this potentially one step closer to reality.You’re reading State of Crypto, a CoinDesk newsletter looking at the
2022 is starting to look like a defining year for the future of central bank digital currencies (CBDCs). Just a few weeks in and we’ve already seen countries take firm stances for and against the technology – or in the case of the U.S. Federal Reserve Board in its muc
This past Friday, BuzzFeed News’ Katie Notopoulos published a story revealing the identities of “Gordon Goner” and “Gargamel” – the two pseudonymous founders of Yuga Labs, the company behind the Bored Ape Yacht Club NFT project.“Gordon Go