How we arrived there and why we need its Web3 upgrade

[ad_1] Does the term “creator economy” make you think of some idealistic environment where creativity, authenticity and passion are key values? Where true Michelangelos and da Vincis drive progress through their talents without struggling for food and proving themselves all their lives to get a chance to be recognized posthumously? If so, I’m with you.Though creativity has existed as long as humanity, we started to discuss it as the new

3AC’s founders are nowhere to be found

[ad_1] In the world of crypto, there’s no such thing as “too big to fail.” Three Arrows Capital, once the most recognizable hedge fund in the industry, has essentially gone belly-up after its founders believed their own hype and decided to go full-degen mode during the worst macro climate of a generation. Since the proverbial shit hit the fan last month, founders Kyle Davies and Su Zhu have kept a

SEC commissioner Allison Lee departs, readying financial regulator for Jaime Lizárraga

[ad_1] Allison Herren Lee, one of five members of the United States Securities and Exchange Commission’s board, has officially left the regulatory body after more than three years as a commissioner.In a Friday announcement, chair Gary Gensler and commissioners Hester Peirce, Mark Uyeda, and Caroline Crenshaw said Lee had left the SEC, where in 2005 she started as a staff attorney at the agency’s enforcement division at a regional office

Time to accumulate? 5 sectors to watch during crypto winter

[ad_1] It’s weird to think that anyone could look forward to downturns in the crypto market, but that is precisely the position held by many developers and project creators who enjoy the low-pressure environment that exists during a bear market. As the saying goes, bear markets are for building, and now is one of the best times to survey the landscape to see which sectors of the market are most active

US lawmakers ask about EPA, DOE monitoring of crypto mining emissions, energy consumption

[ad_1] Democratic legislators from both houses of the United States Congress have sent a letter to the Environmental Protection Agency (EPA) and Energy Department (DOE) to inform them of their findings on the energy consumption of cryptocurrency mining and asking the agencies to require mining to report their emissions and energy use. Meanwhile, the Paraguayan Senate, the upper house of that country’s legislature, has passed a comprehensive bill to regulate

DeFi market fell off the cliff in Q2, but there’s hope

[ad_1] Welcome to Finance Redefined, your weekly dose of key decentralized finance (DeFi) insights, a newsletter crafted to bring you some of the major developments over the last week.This past week, the DeFi ecosystem saw several new developments despite a bearish phase brought on by the lending crisis in the crypto market. Another crypto lender, Celsius, with high stakes in DeFi protocols, filed for bankruptcy. The overall DeFi market fell

2018 Ethereum price fractal suggests a $400 bottom, but analysts say the merge is a ‘wildcard’

[ad_1] There’s no rest for the weary during a bear market, and the Crypto Fear and Greed index shows that investor sentiment has been stuck in a state of "extreme fear" for a record 70 consecutive days.As the market looks for a catalyst to reverse the trend, there is little on the horizon besides the Ethereum (ETH) Merge that seems capable of sparking a rally. If that is indeed the

56% of banks say DLT and crypto are ‘not a priority’ in near future — Fed survey

[ad_1] A survey conducted by the Federal Reserve Board of the United States suggested that the majority of officials at major banks did not consider crypto-related products and services a priority in the near future.According to the results of a Fed survey released on Friday, more than 56% of senior financial officers from 80 banks said distributed ledger technology and crypto products and services were “not a priority” or were

The Surge In Bitcoin’s Price Above the $20k Mark Leads To The Rise of UNI, MATIC, and AAVE 

[ad_1] On July 14, cryptocurrency investors had reason to rejoice. The market witnessed a positive trading session just one day after the Consumer Price Index (CPI) announced a June reading of 9.1 percent, its highest level since 1981. Bitcoin, Uniswap, Polygon, and Aave all went green just one day after the biggest CPI print in over four decades. For seasoned traders accustomed to a one to two-day bounce in asset

DeFi’s downturn deepens, but protocols with revenue and fee sharing could thrive

[ad_1] At the moment, liquidity is hard to come by, but crypto traders and protocols still need inflow and revenue to remain functional.As the crypto winter drags on, savvy crypto investors have realized that one of the reliable sources of passive income that still exists can be found on protocols that generate revenue and share some of it with their respective communities. Platforms that earn real yield through useage fees