Blockchain and Crypto News

Don’t miss real-time updates

Decentral Block Post

Access real-time blockchain and cryptocurrency news updates from around the globe.

Binance plans new round of layoffs amid increased regulatory scrutiny

Binance's chief strategy officer Patrick Hillmann hinted on Twitter the resource reorganization is meant to address growing regulatory pressures targeting the crypto space.

Bitcoin fragments could become more valuable than full Bitcoins

Collectors known as “sat hunters” are collecting satoshis from rare Bitcoin — and those fragments may eventually be worth more than regular Bitcoin.

Web3 developer Magic raises $52M in funding led by PayPal Ventures

The company has raised $80 million for wallet development since its inception in 2020.

Bitcoin hodlers exited 'capitulation' above $20K, new metric hints

Long-term holder spending is "seeking equilibrium," Glassnode suggests — but nothing will be quiet for long.

Bitcoin hodlers exited ‘capitulation’ above $20K, new metric hints

Bitcoin (BTC) is in a “transition,” which should pave the way to the next bull market top, new research has concluded.

In the latest edition of its weekly newsletter, “The Week On-Chain,” analytics firm Glassnode unveiled its latest tool for tracking Bitcoin’s resurgence.

Bitcoin hodlers in “transition”

After the 2022 bear market and signs of recovery in Q1 this year, on-chain metrics have undergone a broad transformation, many suggesting that a long-term BTC price bottom is already in.

With price action stagnating since mid-March, however, doubts have returned — along with downside targets that stretch toward $20,000.

For Glassnode analysts, however, Bitcoin’s long-term investor base is already preparing for better times ahead.

image

EU, US should push for AI code of conduct: EU tech chief

The EU tech chief spoke to members of the EU-U.S. Trade and Technology Council about the need for a voluntary code of conduct prior to the forthcoming laws.

Mad scientist’s NFTs degrade when they’re traded: 0xDEAFBEEF, NFT Creator

Self-proclaimed tinkerer 0xDEAFBEEF has hit it big with audiovisual NFTs that slowly degrade in quality every time they’re traded.

Mad scientist’s NFTs degrade when they’re traded: 0xDEAFBEEF, NFT Creator

When NFTs first took off, it was Beeple’s digital art, CryptoPunks and Bored Ape Yacht Club PFPs that dominated the headlines and top sales — but one individual bucked the trend in a unique way, garnering attention with generative audiovisual art using just a C compiler. 

That individual was 0xDEAFBEEF, an artist and engineer based in Toronto, Canada who’s spent over 20 years experimenting with art, technology, music, generative art, computer animation, blacksmithing and sound recording. 

Using low-level computer code and a minimal toolset to craft raw information into audiovisual artworks has proven more popular than you might expect. A collection of six of 0xDEAFBEEF’s sold for $6.8 million in August 2021, and two weeks ago, “Series 1: Angular – Token 134” fetched $241,300 at Sotheby’s. It was auctioned during part 1 of “Grails,” a collection of highly desirable NFTs originally owned by the now-insolvent 3AC (Three Arrows Capital).

Trained on classic piano as a kid and somewhat of a mad scientist when it came to audio equipment, discovering a programmable blockchain in Ethereum was a revelation.

“I’d describe myself as a tinkerer, jumping around between many fields, overlapping art and technology. It just happened that the project that I commenced before I knew anything about NFTs, doing audiovisual work with code, happened to align with things that were happening within Ethereum,” 0xDEAFBEEF says. 

Glitchbox

Mad scientist’s NFTs degrade when they’re traded: 0xDEAFBEEF, NFT Creator

When NFTs first took off, it was Beeple’s digital art, CryptoPunks and Bored Ape Yacht Club PFPs that dominated the headlines and top sales — but one individual bucked the trend in a unique way, garnering attention with generative audiovisual art using just a C compiler. 

That individual was 0xDEAFBEEF, an artist and engineer based in Toronto, Canada who’s spent over 20 years experimenting with art, technology, music, generative art, computer animation, blacksmithing and sound recording. 

Using low-level computer code and a minimal toolset to craft raw information into audiovisual artworks has proven more popular than you might expect. A collection of six of 0xDEAFBEEF’s sold for $6.8 million in August 2021, and two weeks ago, “Series 1: Angular – Token 134” fetched $241,300 at Sotheby’s. It was auctioned during part 1 of “Grails,” a collection of highly desirable NFTs originally owned by the now-insolvent 3AC (Three Arrows Capital).

Trained on classic piano as a kid and somewhat of a mad scientist when it came to audio equipment, discovering a programmable blockchain in Ethereum was a revelation.

“I’d describe myself as a tinkerer, jumping around between many fields, overlapping art and technology. It just happened that the project that I commenced before I knew anything about NFTs, doing audiovisual work with code, happened to align with things that were happening within Ethereum,” 0xDEAFBEEF says. 

Glitchbox

Mad scientist’s NFTs degrade when they’re traded: 0xDEAFBEEF, NFT Creator

Self-proclaimed tinkerer 0xDEAFBEEF has hit it big with audiovisual NFTs that slowly degrade in quality every time they’re traded.

Mad scientist’s NFTs degrade when they’re traded: 0xDEAFBEEF, NFT Creator

Self-proclaimed tinkerer 0xDEAFBEEF has hit it big with audiovisual NFTs that slowly degrade in quality every time they’re traded.

Mad scientist’s NFTs degrade when they’re traded: 0xDEAFBEEF, NFT Creator

Self-proclaimed tinkerer 0xDEAFBEEF has hit it big with audiovisual NFTs that slowly degrade in quality every time they’re traded.

Mad scientist’s NFTs degrade when they’re traded: 0xDEAFBEEF, NFT Creator

When NFTs first took off, it was Beeple’s digital art, CryptoPunks and Bored Ape Yacht Club PFPs that dominated the headlines and top sales — but one individual bucked the trend in a unique way, garnering attention with generative audiovisual art using just a C compiler. 

That individual was 0xDEAFBEEF, an artist and engineer based in Toronto, Canada who’s spent over 20 years experimenting with art, technology, music, generative art, computer animation, blacksmithing and sound recording. 

Using low-level computer code and a minimal toolset to craft raw information into audiovisual artworks has proven more popular than you might expect. A collection of six of 0xDEAFBEEF’s sold for $6.8 million in August 2021, and two weeks ago, “Series 1: Angular – Token 134” fetched $241,300 at Sotheby’s. It was auctioned during part 1 of “Grails,” a collection of highly desirable NFTs originally owned by the now-insolvent 3AC (Three Arrows Capital).

Trained on classic piano as a kid and somewhat of a mad scientist when it came to audio equipment, discovering a programmable blockchain in Ethereum was a revelation.

“I’d describe myself as a tinkerer, jumping around between many fields, overlapping art and technology. It just happened that the project that I commenced before I knew anything about NFTs, doing audiovisual work with code, happened to align with things that were happening within Ethereum,” 0xDEAFBEEF says. 

Glitchbox

Cuba Bitcoin community hosts BTC-only meetup

The Cuba Bitcoin community hosted the country’s first-ever Bitcoin-only meetup in Havana over the weekend, attended by 60 crypto-curious Cubans.

Binance to delist privacy tokens in France, Italy, Spain and Poland

Binance users in France, Italy, Poland and Spain will no longer be able to buy or sell 12 privacy tokens starting from June 26.

Crypto community's 'send ETH' tweets spark various theories and warnings

Several social media accounts followed the trend, with one requesting ETH to purchase an NFT and another pledging to spend the money on drugs.

Blockchain firm raises $25M to develop third-generation architecture

Swiss nonprofit Anoma Foundation has secured a significant funding boost to continue the development and research of its third-generation blockchain architecture.

A third fundraising round secured $25 million for the organization, which is building what it describes as a generalized intent-centric blockchain architecture. The technology is touted to enable the development of completely decentralized applications (DApps) and services, ranging from decentralized exchanges (DEXs) to blockchain rollup protocols.

Anoma co-founder Adrian Brink told Cointelegraph that its third-generation architecture offers more composability and ease of use than existing smart contract protocols like Ethereum and its Ethereum Virtual Machine (EVM).

Brink highlighted the evolution of blockchain systems, with Bitcoin (BTC) being the first generation of scriptable settlement architectures. Ethereum became the second generation with programmable settlement architecture, while Anoma looks to further the decentralization of existing blockchain-based applications and platforms:

“Anoma is the first architecture that is intent-centric, marking the third generation of architectures that contrast with the current transaction and blockchain-centric architectures.”

Blockchain firm raises $25M to develop third-generation architecture

Intent-centric blockchain protocol Anoma secures $25 million in funding to continue developing its third-generation architecture.

Chinese officials issue warning about AI and national security

Leaders in Beijing have stressed the need for “dedicated efforts” to protect national security and improve the security governance of artificial intelligence.

AML rules for digital assets to come into effect in UAE

The licensed financial institutions would be required to verify the identities of all customers.

Image