Two major Asian cryptocurrency markets – the Persian Gulf and India – seem destined to interact. The combination of Gulf countries’ capitals and a large number of crypto owners and promising crypto-related IT startups in India could prove incredibly profitable. India is a huge region in the middle of a venture capital investment boom. The…

The first NFT from Adidas Originals’ “Into the Metaverse” project has generated 11,391 Ether, worth over $43 million, on OpeanSea. This collection has earned the second spot by trading volume on OpeanSea after RTFKT’s Clone X and Takashi Murakami collection. Over the weekend, Adidas’ first NFT effort made over $23 million in Ethereum, from a…

Although VC funds have been rushing to support various crypto startups, much of that money has not gone to Bitcoin-focused companies, notes Bitcoin Magazine. With the printing press in overdrive, there is an ever-increasing amount of fiat looking for a home. In order to avoid being debased and lose purchasing power, capital allocators are charged…

This year, venture capital funds have infused over $30 billion into the crypto sector, which is more than the previous 10 years combined for the new blockchain technology. According to PitchBook Data, that’s almost four-fold the prior high of about $8 billion in 2018, the year following Bitcoin’s 1,300% surge. Fearing to miss out, numerous…

Over the past couple of months, there have been continuous reports of hacker attacks on various decentralized finance services. We tried to figure out why DeFi has suddenly got such intense onslaught from cybercriminals. To track the pattern, let’s first look at some of the loudest and most devastating hacks in recent weeks. – NFT…

Crypto enthusiast and ex-Twitter CEO believes Bitcoin will replace the dollar. Jack Dorsey also said crypto users don’t own Web3, implying that the so-called decentralized internet is actually in the hands of venture capitalists. Jack Dorsey, the former Twitter CEO and chief of fintech firm Block (formerly Square), had a tweet exchange Monday evening with…