The Block
Bitcoin slips below the $42,000 mark as sell pressure on the digital asset increases.Market volatility over the past 24 hours has caused a spike in bitcoin long liquidations.
Quick Take Decentralized crypto social media apps made progress this year, focusing on scalability and opening up to more users. Social finance platforms experienced a big surge in attention but failed to keep their users.
Quick Take Barry Silbert and Mark Murphy of DCG have resigned from the board of directors at Grayscale Investments. DCG’s CFO, Mark Shifke, takes over as Grayscale’s board chairman, succeeding Silbert.
Quick Take Bitcoin miners are under increasing pressure to monitor the transactions they process and filter out those connected to addresses with criminal ties. Major mining pools filtering transactions from sanctioned addresses would mean a whole new era for Bitcoin, with protocol-level censorship.
Quick Take Several users who appear to be Mt. Gox creditors said on Reddit and Telegram that they received their repayments today. Mt. Gox has yet to respond to The Block’s request for comment.
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.
