Wrapped Bitcoin ‘Burns’ Increase as Traders Rotate Capital Out of Cooling DeFi

Wrapped bitcoin, the bitcoin-backed token on Ethereum now worth over $2 billion, has seen an increase in burns (or “unwrappings”) by some of its largest users as the Ethereum-based decentralized finance sector continues to cool. BitGo clients including Three Arrows Capital and Alameda…

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The Role of Non-Fungible Tokens in Art

Today, artistic work can be downloaded and copied for free. Artistic ownership and royalties for artists have received a serious wound. Fortunately, Non-Fungible Tokens (NFTs) have arrived as a new salve for authenticating ownership of digital artifacts.  Non-fungibility simply means that the…

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