The Block
Quick Take Blockchain’s reliance on digital ledgers, which serve as an incorruptible database where encrypted information can be stored in a decentralized manner, could be the most effective technology for enabling and managing proof of personhood.
Quick Take Crypto VC funding plummeted by 68% in 2023 to $10.7 billion, compared to the $33.3 billion invested in 2022. Still, total investment in 2023 outpaces prior bear markets, exceeding the $6.4 billion invested in 2019 and 2020.
Quick Take Crypto markets operate continuously, even during holidays like Christmas and New Year’s, with entities like Wintermute and GSR remaining open as liquidity providers and OTC desks. Here’s what crypto markets look like during the Christmas and holiday season.
Quick Take All of the highest metaverse land sales in 2023 went to Yuga Labs’s projects Otherdeed for Otherside or Otherdeed Expanded. The top 10 metaverse land NFTs from the firm sold between $276,000 and $514,350 this year.
Quick Take The country’s cabinet approved the 2024 tax regime revision on Friday, local media reported, but it still needs to go through legislative approval. Such tax would be exempt for companies that intend to hold the crypto assets for the long term.
Quick Take Analysts forecast that the AI-related cryptocurrency sector will flourish in 2024, propelled by a combination of innovations from both artificial intelligence and web3.
Quick Take Hong Kong may become the next focal point for spot bitcoin ETFs, industry leaders are speculating as they await the U.S. approval of such an ETF.
Quick Take Following its token’s 100% gain from last month’s price, the Solana network has also set records for new and active addresses on the network.
Quick Take Nigeria’s central bank has reportedly lifted some restrictions on cryptocurrency service providers, allowing firms to open bank accounts in the country. Africa’s most-populous nation, Nigeria has experienced ongoing growth in crypto adoption.
Quick Take Ikigai Asset Management, which had a majority of its funds at FTX before it collapsed, sold its claim and is now allowing investors to redeem their capital, CIO Travis Kling said.
