Author: Press Room

Hundreds of Bored Ape owners have signed up to a new NFT licensing marketplace that enables hodlers to rent out their Ape’s IP to brands. Blockchain accelerator Mouse Belt Labs launched the marketplace called “Boredjobs” claiming that it will list all 10,000 BAYC NFTs on its website for brands to browse through and “indicate interest in hiring for campaigns.”Of course 10,000 Apes won’t be available to hire unless the respective BAYC owners sign up and confirm ownership to view offers. “The Bored Ape Yacht Club gave its owners a fantastic opportunity to utilize the IP rights of the NFTs they…

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The recent exploit on Harmony’s Horizon Bridge revealed the inherent flaws with multisig admin keys that leave projects and their users “one small slipup” from deep trouble.Two crypto project leads expressed their concern that the expansion of the multi-chain ecosystem could be hampered by the use of multisig contracts due to the dangers they pose with bridges keeping crypto funds safe. Multisig refers to the requirement of multiple individuals to approve a transaction. The multichain ecosystem is the conglomeration of hundreds of blockchains with varying consensus algorithms that often interact through token bridges.Founder of the Moonbeam blockchain Derek Yoo told…

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 Bitcoin price tested USD 18,800 and recovered sharply.Ethereum accelerated above USD 1,000, XRP is back above USD 0.32.AR and AMP are the best performers today.Bitcoin tested the USD 18,800 support zone, where the bulls emerged and pushed the price above USD 20,500 before going lower again. BTC is currently (04:09 UTC) trading near USD 19,600 and is still down 3% in a day and almost 5% in a week.Similarly, most major altcoins recovered losses but are also trimming their gains. ETH tested the USD 1,000 zone and climbed above USD 1,080 before dropping again. XRP recovered and climbed above the…

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The historic deleveraging of the cryptocurrency market could be coming to an end, which could signal the close of the worst of the bear market, according to a JPMorgan analyst.In a Wednesday note, JPMorgan strategist Nikolaos Panigirtzoglou highlighted increased willingness of firms to bail out companies, and a healthy pace of venture capital funding in May and June as the basis for his optimism. He said key indicators support the assessment:”Indicators like our Net Leverage metric suggest that deleveraging is already well advanced.” The deleveraging of major crypto firms, where their assets have been sold either willingly, in a rush,…

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Source: Adobe/Kalyakan Both major crypto exchange FTX and crypto lender Ledn have reportedly joined the race for a stake in the troubled crypto lender BlockFi.Bloomberg and CNBC reported about the ongoing negotiations between BlockFi and FTX. According to CNBC’s undisclosed sources, FTX is close to finalizing a term sheet to buy BlockFi for USD 25m and a deal is expected to be signed by the end of this week. In March, the lender was valued at USD 3bn.However, Zac Prince, CEO of BlockFi, said that they “aren’t being sold for USD 25m.”Meanwhile, per Bloomberg’s undisclosed sources, Ledn would lead a funding…

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Bitcoin (BTC) has seen its worst quarterly loss in 11 years with price and activity on the blockchain both plunging over the last three months. The second quarter ending June 30 saw Bitcoin’s price fall from around $45,000 at the start of the quarter to trade at $19,884 before midnight ET on June 30 according to CoinGecko, representing a 56.2% loss according to crypto analytics platform Coinglass. It’s the steepest price fall since the third quarter of 2011, when BTC fell from $15.40 to $5.03, a loss of over 67% and worse than the bear markets of 2014 and 2018,…

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Celsius’ lead investor BnkToTheFuture has outlined three proposals to save Celsius from bankruptcy while finding a good outcome for shareholders and depositors with funds stuck on the platform.Shared on Twitter by BnkToTheFuture CEO Simon Dixon on June 30, the three distinct proposals include either two options of restructuring and relaunching Celsius, or potentially co-investing in the platform alongside wealthy Bitcoin Whales. “Proposal #1: A restructuring to relaunch Celsius and allow depositors to benefit from any recovery through financial engineering.Proposal #2: A pool of the most influential whales in Bitcoin to co-invest with the community. Proposal #3: An operational plan that…

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Source: AdobeStock / akif Blockchain protocol Polkadot (DOT) has announced changes to its governance mechanism in a bid to become more decentralized and censorship-resistant.Dubbed Gov2, the new governance system aims to migrate the responsibilities of the Council, an elected body of on-chain accounts that are intended to represent the passive stakeholders of Polkadot, to token holders.This will help the project become more decentralized and censorship-resistant given that the Council is centralized and generally not anonymous, which “puts both the protocol in some degree of risk as well as the individual councillors who may find themselves pressured to act one way or…

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In a small coastal town just north of Brisbane, Queensland, 20 members of the Coolum Surf Club have been taking part in an initial trial of the Erth Point System, a crypto rewards platform from the Australian company Rewards4Earth.Doug Flockhart, former CEO of Clubs Queensland, the body for community clubs in the state, spoke to Cointelegraph about how his goal is to integrate the system through over 1,000 community clubs across Australia. Flockhart said the top professional rugby league competition, the National Rugby League (NRL) “are very keen” on the idea and for Flockhart, it “confirms the capacity of this…

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Christine Lagarde, President of the European Central Bank, and USD Federal Reserve Chairman Jerome Powell. Source: ECB,  Sérgio Garcia | Your Image. The current high levels of inflation in both the US and Europe have given central bankers an opportunity to “understand better how little we understand about inflation,” US Federal Reserve (Fed) chair Jerome Powell said.Speaking at the European Central Bank’s (ECB) Forum on Central Banking in Portugal on Tuesday, Powell admitted in his comments that central banks during and before the COVID-19 pandemic did not fully understand inflation and what causes it.Powell said that the current high levels of…

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