Author: Jeremy Ryan

According to its chief technology officer, the company behind Tether (USDT), the world’s largest stablecoin by market capitalization, has never received any loan from the bankrupt cryptocurrency lender Celsius.Paolo Ardoino, the chief technology officer at Tether and Bitfinex crypto exchange, took to Twitter on Jan. 31 to announce that Tether has “never borrowed from Celsius.”The tweet came in response to the Celsius bankruptcy examiner report, which allegedly mistakenly implied that Tether was among Celsius’ borrowers alongside firms like Three Arrows Capital, which borrowed $75 million from the firm.Released on Jan. 31, the examiner report mentioned on page 183 that “Celsius’s loans…

Overnight, a rare Ape CryptoPunks NFT has sold for an enormous price of 3,300 ETH ($4.28 million). The sale makes the Ape the fourth-highest Punks sale of all time and second-highest in 2022. In the middle of what many perceive to be an NFT bear market, it is interesting to see how CryptoPunks can still pull off huge record-breaking sales. CryptoPunks Ape #2924 has been sold for 3,300 ETH (almost $4.5 million) CryptoPunks Ape #2924 sells for over three thousand ETH! Apes are incredibly rare in the collection of 10,000 Punks. In fact, there are only 24 in existence, and…

His Majesty’s Treasury published a long-anticipated consultation paper for the United Kingdom’s upcoming crypto regulation. The extensive 80-page document covers a broad range of topics, from the troubles of algorithmic stablecoins to nonfungible tokens (NFTs) and initial coin offerings (ICOs). As stated by the Treasury, the proposals seek to place the U.K.’s financial services sector at the forefront of crypto and avoid hardline control measures that have gained momentum globally amid the crypto winter. The Treasury announced that there won’t be a separate regulatory regime for crypto as it would fall under the framework of the U.K.’s Financial Services and Markets Act…

Meta founder and CEO Mark Zuckerberg says the company has no plans to change its long-term strategy for the Metaverse, despite operating losses for its Reality Labs business peaking in 2022.Meta’s Q4 earnings released on Feb. 1 show Reality Labs lost $13.7 billion in 2022 — the largest ever yearly losses recorded for its metaverse-building division.The fourth quarter was particularly costly, with the division losing nearly $4.3 billion, which was also the largest quarterly loss within the department since financials for the business were first published.On a Feb. 1 earnings call, Zuckerberg was steadfast in the company’s metaverse strategy. Answering a question on…

NFT Chainlink (LINK) has established itself as a premier player in the decentralized finance (DeFi) sphere on the cryptocurrency market. The decentralized oracle has forged partnerships with significant players in the blockchain sector, and at the end of 2022, it provided its token holders with the possibility of earning passive income through staking. There is a high probability that Chainlink will surpass the DeFi boundaries in 2023 by venturing into the non-fungible tokens (NFTs) market. NFTs are a unique and immutable way of representing digital assets on a blockchain and are employed to signify singular digital content. Despite the crypto…

The Deadfellaz ‘Draw the Undead’ Community Art Contest returned for 2022, but this time better than ever, with many prizes. As a matter of fact, Deadfellaz opened the competition to non-holders of Deadfellaz NFT. Therefore, both holders and non-holders alike participated and created Deadfellaz-inspired derivatives. Deadfellaz The Undead ’22 Winner (Holders) @risathegiant on Twitter According to Dedfellaz, they were 200+ entries, including 3D, claymation, animation, 2D, collage, and for the first time – AI. In the end, they announced the community favourite and two overall winners for the Non-Holders and Holders categories. What prizes did each winner receive? The Deadfellaz…

Gary Vee’s VeeFriends has teamed up with Macy’s and Toys“R”Us to launch new limited edition collectible characters. The exclusive collection will be available on pre-sale starting today, and will officially launch on October 17. Notably, this is the first time VeeFriends is dropping physical versions of its much-loved digital characters. Let’s take a closer look at what the VeeFriends x Macy’s collectibles are all about! VeeFriends x Macy’s physical collectibles will drop this month! About VeeFriends x Macy’s physical collectibles For the uninitiated, VeeFriends features characters that serial entrepreneur Gary Vee himself imagined and created. Now, in collaboration with Macy’s…

In this Mist Pre-Alpha Video Review, we will cover everything you need to know about this Web3 MMORPG on the BNB Smart Chain. Mist has been around for a long time and now, for the first time ever, everyone can access their Pre-Alpha. Besides this, we also looked into the token $MIST and its NFT collections. How to Play the Pre-Alpha of Mist? Go to their official website Click on “Download for Windows” or “Download for MAC” depending on your platform Download the file Run the .exe file which will install the launcher Open the launcher Click on “Download game”…

The holding company for the crypto-friendly bank, BankProv, has revealed it is no longer providing loans secured by cryptocurrency mining rigs after writing off $47.9 million in loans primarily secured by them throughout 2022.According to a Jan. 31 filing with the United States Securities and Exchange Commission (SEC), BankProv has nearly halved the proportion of its digital asset portfolio consisting of rig-collateralized debt since Sep. 30, 2022.The bank held $41.2 million in digital asset-related loans as of Dec. 30 last year, consisting of $26.7 million worth of loans collateralized by crypto mining rigs, which “will continue to decline as the…

NFT Cool Cats was one of the hottest profile picture projects to come out of the late 2021 NFT market boom, but prices declined sharply last year as collectors’ gripes piled up. Today the founders behind the project unveiled a new path forward with refreshed branding—and future expansion beyond Ethereum with customizable, full-body avatars. “With our new strategic direction and rebrand, we want to convey to the community and the broader Web3 space that Cool Cats is here to stay,” Cool Cats Group CEO Stephen Teglas told Decrypt. “We’re not just building for the next year, or the next five…