AI
Mining
Despite 82% drop in quarterly revenue, Bitcoin mining hardware manufacturer Canaan remains optimistic
The Chinese manufacturer of application-specific integrated circuit (ASIC) mining machines reported a 82% drop in revenue in Q4 2022.
Staking
New legal opinion paper looks into the legality of staking services
The article published in Lexology looks into the future of stablecoins ahead of major regulations set to come down this year in the US.
Culture
Hilarious Twitter reactions to Vitalik’s altcoin dumping spree
After the Ethereum co-founder dumped over $700,000 worth of Mops, Cult and Shik, Twitter reactions have been streaming in.
Regulation
Machine money gains traction among EU regulators; stablecoins under consideration
Despite Europe's significant cryptocurrency economy, the expansion of EUR-based stablecoins has been lackluster thus far.
Regulation
Fed Chair Powell addresses concerns over permissionless distributed ledgers in Senate hearing
Powell urges Congress to create a workable legislative framework for digital assets, as US lags behind UK, EU, Switzerland, and Singapore.
Analysis
MakerDAO’s governance token sees a 37% decrease in 24H trading volume
MakerDAO's Endgame Tokenomics draws comparisons to Terra's Seigniorage Mechanism, worrying some investors and analysts.
Featured
President Nayib Bukele credits Bitcoin for rebranding El Salvador’s legacy in new Tucker Carlson interview
El Salvador's President talks to the American TV host about what Bitcoin has done for his country since adopting it in Sept. 2021.
DEX
After Apple App store snub, Uniswap trickling out mobile app rollout via Twitter
The decentralized exchange promised users in a GM tweet access to an early version of its mobile wallet app.
Bankruptcy
White House ‘aware of’ stressed crypto friendly bank Silvergate, says press secretary Karine Jean-Pierre
The comments come as Silvergate suspends crypto payments and shares fall in after hours and weekend trading another -6.4%.
Mining
TeraWulf’s nuclear-powered Bitcoin mining facility goes online
TeraWulf's Nautilus facility to cut energy costs by 50% with nuclear-powered bitcoin mining, but stock drops 2.5% in Monday trading.
Crime
Israeli duo found guilty of large NFT tax evasion scheme worth $2.2M
The two were said to have made money from a sale of an NFT based on a 3D scan of the Western Wall, on of Jerusalem's holiest sites.
Analysis
ETHDenver goes beyond cringe to utility, culture and beyond
A week of hacking, networking and folk singing has come to a close, proving Ethereum's cultural impact is stronger than ever before.