The podcasting industry is getting a new revenue model, thanks to a partnership between mobile payment firm ZEBEDEE and “listen-to-earn” podcast platform Fountain. The partnership aims to give listeners and podcasters the ability to earn Bitcoin using the app. ZEBEDEE, a Bitcoin-centric gaming firm, recently launched two new play-to-earn games, Bitcoin Chess and Bitcoin Scratch, … Read more
The world of cryptocurrency started off the new year with an impressive month-long rally. Bitcoin, the top crypto, is trading near four-month highs after jumping above $22,300 on Friday. This marks a significant milestone for the digital currency, as it has surpassed its level prior to the collapse of the FTX exchange in November. In … Read more
Bitcoin has had an impressive start to the new year, climbing more than 26% and surprising those who expected riskier investments to face more challenges following sharp selloffs in 2022. This is the best opening month performance for the token since a 31% rally in 2020, before the pandemic hit. This surge has helped to … Read more
(Bloomberg) — Even before the collapse of the FTX exchange brought the crypto industry to heel, the boom in virtual-currency exchange-traded products was deflating. Launches worldwide for ETPs focused on digital assets have dwindled to a trickle, from 58 in the first half of the year to 14 in the third quarter, with just one … Read more
(Bloomberg) — The Grayscale Bitcoin Trust’s record discount to assets has finally got too much for Cathie Wood to ignore. Ark Investment Management snapped up more than 315,000 shares worth roughly $2.8 million of the beleaguered crypto fund on Monday for the ARK Next Generation Internet exchange-traded fund (ticker ARKW), Bloomberg data show. That’s the … Read more
(Bloomberg) — Problems are multiplying for the world’s biggest crypto fund as chaos engulfs the industry in the wake of exchange FTX’s shock bankruptcy filing. The $11.4 billion Grayscale Bitcoin Trust (ticker GBTC) has plunged more than 74% this year, outpacing the cryptocurrency’s 64% decline. That gap has widened dramatically over the past week, dragging … Read more
A year ago this week, investors were describing bitcoin as the future of money and ethereum as the world’s most important developer tool. Non-fungible tokens were exploding, Coinbase was trading at a record and the NBA’s Miami Heat was just into its first full season in the newly renamed FTX Arena. As it turns out, that was peak crypto. In the … Read more
Cryptocurrencies resumed their sell-off on Friday morning as FTX announced it has filed for Chapter 11 bankruptcy in the U.S. Bitcoin fell 6% to $16,576.50, while ether lost 7% to $1,215.67, according to Coin Metrics. They’re down 21% and 25%, respectively, for the week. Sam Bankman-Fried – the CEO of the company that became a … Read more
The boy wonder of cryptocurrencies watched as his empire vaporized nearly overnight, leaving depositors scrambling and investigators taking a look. It wasn’t long ago that Sam Bankman-Fried was a king of the crypto world. Just six months ago, CEOs, celebs and world leaders like Bill Clinton and Tony Blair flocked to him, gathering at a … Read more
Damian Williams, the U.S. attorney for the Southern District of New York, said on Monday that authorities seized 50,676 bitcoins related to Silk Road, a darkweb marketplace, in November. The bitcoins were valued at $3.36 billion at the time. Now they’re worth $1.04 billion. The coins were found at an address in Georgia connected with James Zhong. … Read more
