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What Is an NFT?
Non-fungible tokens (NFTs) became a multibillion-dollar industry in 2021, but what exactly do they mean? CoinDesk's Christine Lee breaks it down in the new animated series “NFT All-Stars.”
Ethereum Name Service Removes Core Team Member Brantly Millegan Over 2016 Tweet
The Ethereum Name Service (ENS) community voted to remove Brantly Millegan as a steward after his tweet from 2016 resurfaced. Millegan will also be removed as director of operations from True Names Ltd, the ENS DAO’s corresponding legal entity.
Nike and Hermès File Lawsuits for Trademark Infringement as Fashion Collides With NFTs
Nike has filed a lawsuit against online sneaker reseller StockX for selling unauthorized images of its shoes in the form of non-fungible tokens (NFTs). Separately, Hermès filed against Mason Rothschild after it created NFTs of the luxury designer’s famous Birkin handbags, called “MetaBirkins.” “The Hash” squad discusses the intellectual property implications for tokenizing fashion.
North Korea Reportedly Stole Over $50M in Crypto to Fund Missile Program
"The Hash" team reacts to a report prepared for the United Nations revealing North Korea allegedly stole more than $50 million in crypto to help fund its missile development program. "This is the flip side of what these networks can be about," host Zack Seward said.
Polygon Raises $450M to Build Web 3 Applications, Invest in Zero-knowledge Tech
Polygon, a secondary scaling solution for the Ethereum blockchain, raised $450 million in a funding round to support its plans for building Web 3 applications and investing in zero-knowledge technology. Its native MATIC token surged over 15% after the announcement. "The Hash" panel discusses the industry implications for the project's first major raise since it was founded in 2017.
North Korea Gains From Cyberattacks; Russia Crypto Mining Tax?
Crypto cyberattacks benefit North Korea’s finances. Russian miners on alert over crypto tax. Crypto market cap rebounds above US$2 trillion mark. We’ll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
US Treasury Department Warns of NFT Risk in Art-Related Money Laundering
In a study published Friday, the U.S. Department of the Treasury warned that non-fungible tokens (NFTs) may become a tool for money laundering in the high-value art market. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De discusses the latest crypto focus in Washington and the outlook for NFT-specific recommendations.
Voyager CEO: ‘BTC Definitely Going Into 6 Figures by End of Year, Probably Higher’
Bitcoin has climbed near $44,000 Monday as the total global cryptocurrency market cap bounces back. Steve Ehrlich, co-founder and CEO of Voyager Digital, discusses his crypto markets analysis and outlook. “We’re definitely going into the six figures [for BTC] by the end of year, probably higher,” Ehrlich said.
Exploring the Impact of Texas Winter Storm on Crypto Mining Operations
A number of crypto miners in Texas are already shutting down some or all of their operations as the region awaits an Arctic blast that is likely to test the state’s power grid this week. CoinDesk’s Tech Managing Editor Christie Harkin discusses what this means amid increased focus on the mining community’s energy consumption.
BTC Bounces Above $40K for First Time in 2 Weeks Despite Low Volumes
January’s spot trading volume for the crypto market across major exchanges reached their lowest level since December 2020. Still, bitcoin topped $40,000 for the first time in two weeks Friday after dipping. Is this an end to the bear market? “All About Bitcoin” host Christine Lee breaks down the Chart of the Day.