Nicholas Scalf

DeFi

Russia is Launching Crypto Based International Banking Infrastructure

Russian tech and manufacturing giant Rostec has announced that they're launching a SWIFT competitor build on blockchain.

DeFi

Sam Bankman-Fried and the 1907 Knickerbocker Crisis

Sam Bankman-Fried is taking a lesson from JP Morgan and the 1907 Financial Crisis by offering liquidity to distressed exchanges.

DeFi

The World’s Most Successful Hedge Fund Melts Down

Three Arrows Capital (3AC), once considered the world’s most successful crypto hedge fund, seems to be the next crypto giant to become insolvent.

DeFi

Circle Launching European Stablecoin EUROC

Circle, the stablecoin giant behind USDC, announced they are launching a Euro-pegged stablecoin, EUROC. EUROC is launching June 30th 2022.

Bitcoin (BTC)

BTC Miners Sell Off as Prices Fall, Expenses Rise

A series of market issues are causing BTC miners to sell their coins and halt expansion plans.

DeFi

First Full Ethereum Merge Test is a Success

The first full test of what has been dubbed “The Merge,” moving the blockchain to Proof of Stake, was a resounding success.

DeFi

Stablecoin Aftershocks From LUNA and UST’s Collapse

Japan has introduced a bill banning algorithmic stablecoins, and Tron's USDD stablecoin has become over collaterallized.

NFT

Bored Ape Yacht Club Discord Hacked, Millions Stolen from Members

The Bored Ape Yacht Club Discord was hacked, resulting in users losing millions in NFTs and ETH to a phishing scam.

DeFi

LUNA 2.0: Do Kwon and Terraform Labs Run It Back

The Terraform Labs team has relaunched LUNA as LUNA 2.0, and has began airdropping tokens to "LUNA Classic" and "UST Classic" holders.

DeFi

Legal Trouble for Terra LUNA Founder Do Kwon

As the Terra LUNA/UST saga unfolds, it’s looking more and more like Terra founder Do Kwon will be held accountable for some of the damage.

Bitcoin (BTC)

What Is 10k Bitcoin Pizza?

What Is 10k Bitcoin Pizza? Every year the crypto community celebrates the first real world purchase with Bitcoin---2 pizzas for 10k Bitcoin.

NFT

Instagram Is Rolling Out NFT Support

Instagram has begun rolling out their NFT integrations, pulling info from crypto wallets and tagging ownership.

DeFi

A Hacked Crypto Ad Firm Compromises CoinGecko, Etherscan

Coinzilla, a popular crypto ad delivery network, was compromised and delivered a phishing popup on Etherscan and CoinGecko.

Bitcoin (BTC)

The International Monetary Fund Strong Arms Argentina Away from Crypto

After years of threats from the IMF about cryptocurrency, Argentina just took a $45B loan with the stipulation that they ban cryptocurrencies.

DeFi

This is the 7th Solana Outage

An NFT mint has caused the 7th Solana Outage that the blockchain has suffered, the 5th this year.

NFT

BAYC’s Land Sale Jacks Up ETH Gas Price, Wastes $80M

Bored Ape Yacht Club and Yuga Labs launched a land sale for their metaverse, Otherside. The sale minted 100,000 NFTs and $561M in sales.

DeFi

Edward Snowden was the Unknown 6th Person Who Launched ZCash

ZCash announced that Edward Snowden was the psuedo-anonymous 6th person who launched ZCash, John Dobbertin.

DeFi

Terra’s UST Stablecoin is now the #3 Stablecoin in Crypto

Terra (LUNA) stablecoin, UST, just passed Binance USD (BUSD) to become the third most valuable stablecoin, and the most valuable algorithmic stablecoin.

DeFi

Justin Sun’s Tron Protocol Will Launch Its USDD Stablecoin with 30% APY

Justin Sun recently announced that his blockchain, Tron, will be launching its own algorithmic stablecoin, USDD, with a 30% annual yield.

Weekly Newsletter

⛓ The Metaverse is here, and it has a Wendy's (Zuck tax: 47.5% per burger)

North Korea diversified it's crypto portfolio by stealing $620M in Ethereum and USDC from Axie sidechain Ronin, and the metaverse is nearly here (Wendy's and all).

Meta

Meta's Fees for Metaverse Sales Blow Away Apple's App Store

Meta will charge a cumulative 47.5% fee to creators that make sales on their platform after Zuckerberg criticized Apple's 30% fee.

Axie Infinity (AXS)

North Korea Diversifies Into Ethereum Via Record Crypto Hack

The FBI has tied the recent Axie Infinity Ronin sidechain hack to the North Korean hacking group Lazarus.

Weekly Newsletter

⛓ Axie is ctrl + z'ing their hack, Tesla enters DeFi

Tesla took out a $7.8M DeFi real estate loan, Axie has raised money to return all the hacked funds to their users.

Maker DAO

MakerDAO is Diversifying Into the Real World by Issuing Loans to Tesla

MakerDAO just made a $7.8M loan to Tesla as part of their efforts to back up their stablecoin with real world assets.

Axie Infinity (AXS)

Sky Mavis Raises $150M to Compensate for Ronin Hack

Sky Mavis, maker of Axie Infinity, raised $150M primarily from Binance to make investors whole after their Ronin sidechain was hacked for $600M.