Uniswap, the cryptocurrency exchange, has seen a user file a class-action suit against it. The article in The Block says, “The complaint contends that if Uniswap Labs had registered with the SEC and met the burden of securities laws, investors would be better protected from fraudulent activity.” The case shines light on the gaps in …
After DeFi, it seems like it’s now time for GameFi to take centerstage. In the last year, over $3.6 billion has been poured into crypto gaming startups in the hope that games will recreate the magic of DeFi. Polygon is one of the major players in this space. This Coindesk article says, “For instance, Polygon …
Stocks on Steroids or Irrational Optimism? What better way to explain rotten investments than with meme stocks? According to Charles Schwab, 20% of all investors started in 2020. This retail crowd knew little about the stock market and even less about its dangers. The only thing most people cared about was making money fast. Intoxicated …
Coinbase, one of the world’s largest crypto exchanges, got off to a rocky start in India. They made a big-bang announcement about their new feature: a UPI (Unified Payments Interface) option for buying crypto. The NPCI’s (National Payments Corporation of India) website defines UPI as: “…a system that powers multiple bank accounts into a single …
It’s no secret that cryptos are not exactly climate-friendly. Now, crypto start-ups are trying to go green. However, that might not work out in the earth’s best interests. This FT article says, “Eager to capitalise on rising prices and wider calls for a global transition to cleaner economies, crypto traders have scoured the carbon market …
2022 hasn’t been good for non-fungible tokens aka NFTs. Average NFT sales have been falling. And it’s not because of the Russia-Ukraine war. Average prices have taken a dive since January this year. The average selling price of an NFT went from $5,215 in the week of January 4 to $2,102 in the March 9 …
We are living in weird times. Russia is just not letting up on Ukraine. The latest focus of Putin’s fury is Mariupol, a strategic southern port near Ukraine’s border with Russia. Russia has already taken control of Kherson, another key port city. If Russia captures more southern cities, Ukranian armed forces could lose access to …
Major discounts or dead money? Welcome to 2022, where the largest companies trade like penny stocks. JPEGs of animals are still selling for millions of dollars and commodities behave like altcoins. The last three months have been anything but kind to the majority of investors. High-flying technology companies plummeted due to the concerns of rising …
Crypto is going mainstream with hedge funds quietly investing billions of dollars into the sector, according to a Coinbase. This article says, “…institutional traders would trade $1.14 trillion in crypto in 2021, more than double the $535 billion transacted by individual traders.” The article continues, “According to sources familiar with the topic, Wall Street veterans …
The real estate game is won on three factors: Location, location, and location. This holds true in the metaverse as it does in the physical world. This episode of The Breakdown says that big banks are making big investments in the metaverse and a lot of it is in real estate. This Coindesk article gives …
