Technology
NFTs
Larva Labs forces OpenSea to delist CryptoPunks V1 NFTs
Waving a DMCA notice, Larva Labs, creators of the famous CryptoPunks NFT collection, has forced NFT marketplace OpenSea to delist the deprecated V1 version of the CryptoPunks collection.
Regulation
“Transitory” U.S. inflation hits 7.5% in January, 40 year high
Reported by the U.S. Bureau of Labor Statistics, the U.S. inflation rate rose to 7.5% in January, hitting levels not seen in 40 years. Anything but “transitory”, the U.S. inflation rate has been on a steady rise since spring 2020.
Analysis
Cardano blockchain surpasses 30 million transactions milestone
Transactions on the Cardano blockchain have reached a milestone as the network surpassed 30 million processed transactions in total. As the number of smart contracts on the blockchain grows, so do transactions.
Culture
11 years ago today, Bitcoin reached $1
This day 11 years ago, bitcoin reached parity with the U.S. dollar. Those who were fortunate, or clever, enough to buy bitcoin at $1, and managed to HODL on to it, have made a handsome profit since.
Metaverse
Shiba Inu introduces real estate in doggy Metaverse
Need a virtual dog house for your Shiba Inu metadog? Your dreams may come true as the team behind the SHIB token are in the midst of developing a Shiba Inu doggy metaverse with bony real estate plots and all.
Stablecoins
Stablecoins total market cap just surpassed $150 billion
The total market cap of all stablecoins surpassed $150 billion on Monday. Tether’s USDT is still the largest stablecoin on the market, but Center’s USDC is catching up.
Investments
Accounting giant KPMG adds Bitcoin and Ether to its balance sheet
KPMG in Canada adds both bitcoin and ether to its corporate treasury. The crypto asset allocation is a first-of-its-kind investment for the accounting and advisory company.
Culture
ENS’ Brantly Millegan fired by DAO over controversial tweet
Brantly Millegan, now former Director of Operations and DAO Steward of the ENS DAO, was suspended from both duties over the weekend due to controversial opinions expressed in a tweet back in 2016.
Exchanges
Only 6 of 18 exchanges have fully adopted Bitcoin SegWit update
An investigation by Glassnode shows that merely 6 out of 18 crypto exchanges have fully adopted the SegWit Bitcoin update activated back in 2017. As exchanges are the biggest consumers of Bitcoin blockspace, SegWit adoption by exchanges is important.
Price Watch
Bitcoin creeps back over $40K, with buying pressure from long-term hodlers
Markets seem to be cheering up the past day. Bitcoin price is once again above $40,000, and all major alts are in the green. Buying pressure is coming from medium- and long-term holders.
Taxes
IRS signals tax case retreat on staking, but the rules haven’t changed for everyone else
The IRS may be backing down from a law suite around tax refund for block rewards, but this does not mean the rules have changed, as reported by other media outlets. Lawyers say the IRS may continue to tax rewards as income.
Hacks
Breakdown: How the hacker stole 80k ETH from the Solana Wormhole bridge
On Wednesday, a hacker managed to steal 80,000 ether (ETH) out of Solana through the Solana-Ethereum bridge Wormhole. Here’s how the hacker pulled it off.