At 6am ET on August 10, over half a billion dollars worth of crypto assets were stolen from Poly Network, a cross-chain protocol that facilitates token swaps across multiple blockchains including Ethereum, Binance Smart Chain and Polygon. With the total drained at $600M, this is the biggest DeFi hack in history, dwarfing the $59M EasyFi…

Welcome to another tuesday tutorial, this is actually the second of a two part series looking at how to navigate the weird and wonderful world of PFP collectibles and how to go about buying, selling, identifying promising projects and creating an identity for yourself within a community. In this second part we’ll look at life…

In this week’s episode we interview Nate Chastain, head of product at OpenSea. Opensea got its start back in 2017 when CryptoKitties launched on Ethereum. After those digital cats, the NFT space was pretty dead for the next couple of years. Now OpenSea is reaping the rewards of hanging through that NFT winter, as NFT summer explodes with…

Following a major setback yesterday, there is still hope that onerous new tax requirements for the cryptocurrency industry can be addressed before they become law.  That’s the upshot from a day of frustration on the floor of the U.S. Senate when the crypto community got a crash course in the vicissitudes of Washington. Ever since…

Last month, one anonymous user spent more than $5M on CryptoPunks in a buy that kicked off a frenzy of NFT sales.  In an exclusive interview, The Defiant’s Camila Russo sat down to chat with the buyer 0x650d, who purchased 88 CryptoPunks for $5.5M in a single block. 0x650d gives us the scoop on how…

Top U.S. lawmakers and regulators are taking steps to tighten their grasp on cryptocurrencies, or advocating for greater control over digital assets. Here are the bills, speeches and charges issued by U.S. government representatives and agencies in the past week:  Infrastructure Bill — Proposed on Aug. 1, a major infrastructure bill awaiting the Senate’s final…

With NFT prices out of control and wealthy whales squeezing out would-be buyers, collectors are banding together in a newly launched project that lets them pool their capital to bid on works.  It’s called PartyBid, and during its public launch on Aug. 4 the action got intense as a coveted CryptoPunk hit the auction block.…

During the big NFT surge of the past spring, the hype was around 1/1’s. Exclusive sales from named artists brought the muggles scrambling for any way they could to access platform 9 and three quarters. But didn’t that all feel all so very web2. There was some cool work created and sold but to me…

Artist pplpleasr, who has worked with big name DeFi protocols Uniswap, SushiSwap and Pickle Finance, has teamed up with Fortune Magazine for an NFT drop. The NFTs, which go live on Aug. 6 at 12 pm EST, will be based on pplpleasr’s cover art for Fortune Magazine’s August/September issue, which focused on cryptocurrency and DeFi.…

The Ethereum market is on fire, at least proverbially speaking. Over the first eight hours since EIP-1559 was implemented, thus changing the transaction fee mechanism of Ethereum, 2,458 ETH, or $6.9M at ETH’s current price of around $2.8K, had been burned.  The proposal, which went into effect with the London hard fork at 8:34 am…