Non-fungible digital art ‘goes parabolic,’ attracts Morgan Creek execs

Major players in the crypto community are betting big on digital art NFTs surpassing the physical art market. According to a Sept. 21 tweet from Messari analyst Mason Nystrom, sales of non-fungible token (NFT) marketplace Rarible passed $5 million in September, with a volume of 5,309 of its RARI...

Joke MEME coin airdrop is now worth $600K

MEME, a community-driven project inspired by a ConsenSys developer’s satire of the yield farming bubble, has gained nearly 100% in 24-hours to post an all-time high of $1,775 after listing on Poloniex. Since the start of September, MEME has gained more than 900%, despite its supporters promoting the project...

Yield farmers make 500% returns but most can’t read smart contracts

The majority of yield farmers do not understand how to read the potentially risky smart contracts that underpin the decentralized finance (DeFi) ecosystem — but that hasn’t stopped them making huge profits. Crypto market data aggregator CoinGecko has published its findings from a survey of 1,347 of its users...

Leaked Data Outs Bitcoin Investment Company as Scam: Founders Deny the Allegations

A South African group calling itself “Anonymous ZA” has published fresh information that seemingly supports long-standing allegations that Mirror Trading International (MTI), an ostensible bitcoin investment company, is running a multi-level marketing scam. The new information, which was reportedly obtained after a breach of MTI internal systems, shows that...

South Australian food and wine tracing platform teams up with Hedera

The Australian government-backed agricultural supply chain platform Entrust has announced it will operate on Hedera Hashgraph — a distributed ledger platform claiming a transactional throughput of 10,000 transactions per second. South Australia’s premier, Steven Marshall, officially launched Entrust on September 20, describing the platform’s initial focus as protecting the...

Brazilian fund manager and Nasdaq to launch world’s first Bitcoin ETF

Regulated Brazilian fund manager Hashdex has inked a deal with Nasdaq to launch the world’s first crypto asset exchange-traded fund (ETF) on the Bermuda Stock Exchange (BSX). The stock exchange announced it had approved the ‘Hashdex Nasdaq Crypto Index’ on September 18, revealing that 3 million Class E shares...

Uniswap Users Say Uniting Can Strengthen UNI

A group of anonymous Uniswap users is trying to unite the many small holders of the UNI governance token to deal with potential problems in the automated market maker’s (AMM) governance.

DeFi plummets: 3 reasons for the 46% correction from YFI, UNI, DEX tokens

After outperforming Bitcoin (BTC) and Ether (ETH) strongly in August, Decentralized Finance (DeFi) tokens are now plummeting as many registered losses of up to 50%.  Cryptocurrency daily market performance snapshot. Source: Coin360 At the moment, the two coins garnering the most attention are Yearn.finance (YFI) and Uniswap (UNI) as...

Iran Grants Bitcoin Miners Exclusive Access To Electricity From Three Power Plants

Iran has granted bitcoin miners exclusive access to electricity generated from three power plants for their mining activities, according to state power utility Thermal Power Plant Holding Company (TPPH). Mohsen Tarztalab, managing director of TPPH, told a local news agency on Monday that the “necessary equipment has been installed...

Silk Road Programmer Pleads Guilty to Making False Statements

Michael Weigand faces a five-year maximum sentence for hiding his role with Silk Road from investigators.