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October 2022

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What Is a Generative Art NFT? Inside the Algorithmic Art Revolution

In brief Generative art makes use of machine learning and blockchain-native randomness to produce striking, unpredictable art. At the height of the NFT boom over a billion dollars’ worth of generative art was sold. Non-fungible tokens (NFTs) took the world by storm in 2020, generating billions of dollars in profit for artists and collectors alike. […]

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Three biggest crypto stories from the past week

QUICK TAKE Kim Kardashian settled with the SEC for unlawfully promoting the EthereumMax token on social media. The EU’s landmark Markets in Crypto-Assets (MiCA) bill passed in the European Council. The EU also banned crypto payments from Russia. Bankrupt crypto lender Celsius Network set a timeline for the auction of its assets. The past week

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‘Time Is Now a Medium’: Academics Ponder NFTs at Oxford University Conference

Oxford University opened its doors to NFTs last week with its inaugural OxBAT (Oxford Blockchain, Art & Technology) Conference. Billed as “the first multi-disciplinary conference on the aesthetic, social, and anthropological perspectives on blockchain art,” it represented a very different take on crypto and NFTs than the celebratory blockchain business and developer confabs Decrypt usually attends. “HODL” t-shirts and rousing speeches

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Celsius creditors face fallout from U.S. bankruptcy disclosure process

QUICK TAKE Celsius produced a trove of documents this week containing creditor information that has some worried they may be left vulnerable to cyber threats. Celsius and the creditor committee both sought to shield this information in recent weeks, presenting arguments multiple times before the judge. The judge ultimately would allow the redacting of customer

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XRP pumps almost 60% in a month amid minor wins in SEC lawsuit

Amid the ongoing crypto market volatility, XRP appears to defy the odds by recording significant gains as the token’s parent company Ripple continues to be embroiled in a legal tussle with the Securities Exchange Commission (SEC). Indeed, the token has rallied 57.75% in a month with a value of $0.52 by press time after trading at $0.33 on September

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How Billionaires use Debt to maintain their Wealth

How Billionaires use Debt to maintain their Wealth

How Billionaires use Debt to maintain their Wealth ‘Efficient’ debt verses ‘inefficient’ debt It’s important to outline the difference between efficient and inefficient debt. Inefficient debt is generally associated with assets that depreciate in value and have no potential of producing income or offering tax benefits. This could include debt such as a car loan

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Terra Classic Breaks Into Top 10 Coins By Trading Volume, Eyes Super Bullish LUNC ‘Burn’ Milestones

LUNC maintains its high tempo entering into October, reaching new highs. Surging over 70% in the past seven days and listed on new exchanges, LUNC has broken into the top 10 coins by trading volume. Analysts say the prospects of LUNC in the last quarter of the year look great due to improved tokenomics. Terra

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EU Bans Crypto Services for Russians in New Sanctions Over Ukraine Escalation

An array of crypto-related services have been targeted in the latest round of sanctions on Russia approved by the EU. The measures are part of an expected tightening of the economic and financial restrictions in response to Moscow’s decision to annex Ukrainian territories. EU Council Adopts Full Ban on Crypto Wallet and Custody Services for

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Marathon Reveals Over $80m Exposure to Bankrupt Crypto Miner Compute North

Marathon Digital Holdings Inc., on Thursday, revealed that it has over $80 million of exposure to crypto mining data centre firm Compute North Holdings Inc, which filed for bankruptcy protection in the U.S. Bankruptcy Court for the Southern last month District of Texas. According to an official statement, Marathon has about $10 million invested in

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Why Job Market Resilience May Lead to US Fed Interest Rate Hike

In Brief Some 263,000 more people were employed in the United States in September, according to the latest jobs report. The unemployment rate also dropped to 3.5% in Sept, down from 3.7% the month prior. The persistence in hiring will likely force the Federal Reserve to continue pursuing higher interest rates to cool down inflation.

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