Problems with tokenizing real estate and how to fix it
Real estate as an investment is not very liquid, composable or accessible, writes Joel Lin of CitaDAO. Can tokenization and DeFi transform this market?
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Markets: Bitcoin, Ether mixed; Solana hit six-week low overnight, Dogecoin dips
Bitcoin and Ether were mixed Tuesday morning in Asia, while Solana led the downturn in the rest of the cryptocurrencies in the top 10 by market capitalization. Most of the Top 10 are seeing double-digit price declines over the last seven days. See related article: Markets: Bitcoin, Ether dip; DOGE, SHIB slide; Jackson Hole,…
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Australia to keep pace with crypto laws with “token mapping”
The Australian Treasury under the ruling Albanese Government will prioritize “token mapping” in 2022 to help regulations Down Under keep pace and adapt with the crypto sector. See related article: Singapore’s MAS to further strengthen crypto regulations Fast facts “Token mapping”, the primary step in the government’s reform agenda, intends to identify the appropriate direction…
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Ronin hackers converted stolen ETH to BTC using sanctioned mixers: report
The hackers responsible for stealing US$610 million worth of crypto from Axie Infinity’s Ronin bridge back in March have since transferred most funds from ETH into BTC using renBTC and privacy tools like Blender, ChipMixer, and TornadoCash, according to a report. See related article: Axie Infinity blockchain Ronin hacked for over $600M Fast facts The…
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Markets: Bitcoin, Ether dip; DOGE, SHIB slide; Jackson Hole, Merge in focus
Bitcoin and Ethereum edged down again in Monday afternoon trading in Asia, after both posted sharp declines on Friday and had a bit of a rollercoaster over the weekend that drove most other tokens lower. Dogecoin was the biggest mover today among the top 10 coins by market capitalization and logged a 3.09% fall in…
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If successful, Ethereum’s Merge will cause a sea change in ETH supply and value
The Merge, one of this year’s biggest crypto events, is now due to happen next month. Why is it so hotly anticipated — and feared?
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Liquidity crunch may loom for Bored Ape-collateralized loans as floor price slides
Not every NFT collection is facing the same issue, but due to the collection’s outsized influence it could have a significant impact on the rest of the Ethereum NFT ecosystem.
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Largest Ether mining pool Ethermine stops processing Tornado Cash transactions
The largest Ethereum mining pool, Ethermine, stopped processing transactions from crypto mixer Tornado Cash-related addresses around Aug. 11, according to crypto analyst @takenstheorem. See related article: U.S. Treasury overstepping authority in Tornado Cash sanction, says advocacy group Coin Center Fast facts See related article: Ronin hack proceeds seen headed to Tornado Cash
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USDC whales leave, trading volume soars
The percentage of stablecoin USD Coin (USDC) supply held by the top 1% addresses dropped to a 22-month low on Monday, while USDC average trading volume in seven days surged to an all-time high on the same day, according to crypto data dashboard Glassnode. See related article: Vitalik Buterin says he used Tornado Cash to…
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FTX revenue grew 1,000% in 2021 amid booming crypto market: SBF
FTX chief executive officer Sam Bankman-Fried (SBF) has confirmed media outlet CNBC’s report that FTX’s revenue grew 1,000% in 2021 on the back of a booming crypto market and a host of acquisitions. See related article: Sam Bankman-Fried lashes out at Voyager for rejecting FTX’s proposal Fast facts In a Twitter post, SBF said, “Fwiw…