In this week’s newsletter, read about Ethereum co-founder Vitalik Buterin’s proposal for stealth NFT ownership. Check out how a CryptoPunk will be split into thousands of pieces to enable smaller investors to access it, and how the NFT play-to-earn game Axie Infinity plans to double down on South Korea despite regulatory hurdles. In other news, …
CryptoPunk to be split into pieces: Nifty Newsletter, Aug 3–9 Read More »
Traders buy ETH in the spot market and sell ether futures to withstand volatility, creating backwardation. Source link
Nonfungible tokens (NFTs) continue to capture the imagination of the cryptocurrency space, with some of the most popular projects attracting hundreds of millions of dollars from investors. Projects like Cryptopunks and the Bored Ape Yacht Club epitomize the exclusivity of the most lucrative collections, with each NFT far from accessible to the average investor. A new …
BitMEX analysts have penned a blog post arguing that a threatened fork from the Ethereum blockchain might generate some interest from market participants. Source link
Ethereum’s proof-of-work (PoW) powered by GPUs generated approximately $19 billion in revenue last year for ETH miners. But these revenue streams are in danger as Ethereum is expected to become a proof-of-stake (PoS) blockchain via “the Merge” upgrade in September. Miners could then revolt against the new upgrade by continuing to mine on the old Ethereum …