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NYC Mayor Eric Adams Defends Receiving Paycheck in Bitcoin as Price Crashes


The mayor of New York City, Eric Adams, converted his first paycheck into bitcoin and ether before the price of the cryptocurrencies plummeted. However, the mayor said, “When you are a long-term investor, you don’t keep your eyes on your portfolio.” He added that the purpose...

Andreessen Horowitz Eyes USD 4.5B For New Crypto Funds


  As another sign of venture capital money increasingly fueling the cryptosphere’s disruption of legacy finance, US venture capital firm Andreessen Horowitz (a16z) has unveiled plans to raise up to USD 4.5bn to launch new crypto-focused funds -- potentially more than doubling the amount it raised...

Upbit Operator Posts Record Profits, Eyes US Expansion


  The South Korean crypto exchange operator Dunamu is set to accrue a tax bill of a whopping KRW 1trn (USD 843m) following the most successful year yet for its Upbit trading platform. According to Donga, Dunamu posted cumulative operating profits of USD 2.2bn in the first three quarters of...

Physical NFTs? A Glimpse at Spellfire’s Gameplay and New Cards


Whether you are an experienced card game player, a fan of collectibles, or just getting into NFTs, Spellfire Re-Master the Magic is a game to keep your eyes firmly trained on. The creation of a group of crypto developers, Spellfire is a blockchain-based collectible card game (CCG) that finally...

Japanese Regulator Eyes Stablecoin, Wallet Provider Regulations in 2022


  Japan’s top financial regulator will block firms outside the world of conventional finance from issuing fiat-pegged stablecoins, a leading media outlet has claimed. Per reports in both Japanese and English from Nikkei, the Financial Services Agency (FSA), the government organ that oversees...

AMC Eyes Own Crypto, Movie-Themed NFTs Amid Memestock Surge


US cinema chain AMC could further increase its exposure to the crypto world as it mulls launching its own cryptocurrency and partnering with Hollywood studios to release non-fungible tokens (NFTs) related to major movies, according to senior company representatives. Adam Aron, the chain's chief...

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