Bitcoin Going From Boiling the Oceans to Draining Them, According to Critic
The findings have an echo of De Vries’ previous criticisms of Bitcoin, which have hitherto centered on the electricity usage of bitcoin mining.
Finance
Crypto for Advisors: Investing in Web3
Alex Tapscott, author of the recently published book Web3: Charting the Internet’s Next Economic and Cultural Frontier, takes us through Web3 investment opportunities in today’s Advisors.
Decentralized Infrastructure Provider Grove Raises $7.9M
Decentralized infrastructure is the use of blockchain technology and token incentives to build physical networks so other projects don’t need to incur the costs of buying and running their own equipment.
Institutional Crypto Trader Talos Taps Into Uniswap’s Liquidity
It’s the first time Talos will be routing trades through a decentralized exchange.
Polygon’s Secret Deal: Sending DraftKings Millions to Run Failed Validator
Polygon quietly gave DraftKings’ validator preferential treatment while telling the public it was an “equal” member of the validator community.
Grayscale Gears Up for Spot Bitcoin ETF, Updating Trust Agreement for Sake of ‘Operational Efficiencies’
The changes involve the fee structure, and how assets can be custodies for smoother share creation and redemptions
Binance Will Cease Support for Its BUSD Stablecoin on Dec. 15
Binance said it will end support for its BUSD stablecoin on Dec. 15, following the exchange’s August announcement that it would “gradually” do so after Paxos, the company that actually issued it, was ordered to stop minting the coin in February.
Jack Dorsey Aims to Create Anti-Censorship Bitcoin Mining Pool With New Startup
The startup said it created “only non-custodial” mining pool where miners get the new bitcoin block reward for mining directly from the network.
Digital Finance Firm SoFi Hands Its Crypto Business to Blockchain.com
Blockchain.com President Lane Kassleman said in an interview that his firm’s SoFi partnership equates to hundreds of thousands of users and hundreds of millions of dollars.
Bitcoin Buyer Quietly Accumulates $424M of BTC in 3 Weeks
An unknown entity has bought 11,268 bitcoin [BTC] worth $424 million since November 10 in what appears to be a time-weight average price (TWAP) accumulation strategy.