BAYC’s native token (Apecoin) gained 7% during Wednesday morning’s trading session to exchange hands at $19.15. Thus, gaining nearly 23% in the last seven days. The gains in the price of Apecoin are linked to Yuga Labs’ proposed launch of the Otherside metaverse on April 30. Yuga labs, which owns BAYC NFT collections, further announced […]
In recent years, the crypto community have only heard that the CEO of MicroStrategy, Michael Saylor, is actively purchasing Bitcoins. However, a recent report claims that Mr. Saylor may be unloading thousands of Bitcoins secretly. A report by BTC critic Mr. Whale claims that Saylor had been selling his crypto holdings for months despite advising […]
Lately, Samsung has been focused on developing the metaverse. After unveiling its Samsung 837X in early Q1, the South Korean tech giant recently led a seed round of DoubleMe – another metaverse company based in the Southeast region, with a $25M investment. Samsung was joined by other big companies, such as Coentry and NH Investment, […]
On Wednesday, top crypto exchange, Coinbase, confirmed speculations that its NFT platform is now in beta mode. The platform’s beta launch comes six months after the popular exchange revealed that it had started the process of launching its own NFT platform. However, the beta launch mode means that only selected Coinbase users will have access […]
Several crypto investors are flocking to El Salvador, the only country so far to legalize the BTC use for transactions. While the use of bitcoin is quite attractive, that is not a strong enough reason to capture the attention of the skyrocketing number of crypto investors in the jurisdiction. Based on findings, the main reason […]
The long-running case between cryptocurrency firm Ripple and U.S. regulator SEC will take a new dimension this week, as both parties are set for a significant breakthrough. Both parties will suggest a timeline for a summary judgment this Friday. However, Ripple’s lawyer James Filan anticipates more postponements in the case. He believes Ripple and the […]
On Monday, one of the popular metaverse-related social apps, FlickPlay, officially confirmed via a press release that it is now in collaboration with The Sandbox. The aim of the cooperation is for both platforms to share features. Users of the social app can utilize any of the platform’s characters on The Sandbox platform. Many FlickPlay […]
Encyclopedic platform Wikipedia has announced the stoppage of crypto donations over concerns about high energy consumption. On Thursday, the community voted against the continuation of receiving crypto donations, with the final tally ending 71% in favor of the opposition. Based on reports, the reason for the halt is the high energy consumption of Proof-of-Work networks […]
The crypto space has been getting lots of attention lately from several regulatory agencies. The nature of cryptocurrencies and the possible negative impacts has raised so much attention. Recently, the US Federal Deposit Insurance Corporation raised its concerns regarding the risks of cryptocurrencies, especially Bitcoin and Ethereum. FDIC Financial Institution Letter Being a major banking […]
The top global investment platform, eToro, has announced the launch of a subsidiary called eToro.art. eToro.art is eToro’s NFT-based fund platform. Per the official announcement, the digital creators (whether individuals, brands, or agencies) can showcase and sell their works through this new platform. Keeping eToro At The Forefront Of Blockchain Innovations As a launch of […]
Popular cryptocurrency exchange LBank merged with ETHDubai to hold an exclusive event. The event, which took place at LBank Labs, was scheduled to discuss the development of the ETH blockchain and sensitize people about the new internet iteration Web3. The event was graced by prominent venture capitalists, blockchain speakers, CEOs and founders of crypto firms, […]
Nium, a Singaporean financial services technology provider, launches Crypto Accept to allow merchants receive cryptocurrency settlements. According to the report, the Fintech company’s new product will accept settlements in BTC and ETH. The company says that it looks forward to including other virtual assets into its API-powered platform next year. How the Platform Works Per […]
HubbleBIT Review Whether the trading platform you have signed up with cares about you or not is clear from the features you get. Some features are designed only to attract you while others really show that the company cares about your interest as well. A company could offer you leverages of 1:500 right from the […]
Intel has announced the release of the Blockscale ASIC, a second-generation BTC mining chip that the company will use to increase its mining speed and efficiency. Mining Chip To Increase Efficiency As announced on Monday, the latest mining chip will provide more efficiency in energy usage. Also, the company has stated that the chips will […]
Legislators in Oklahoma have taken legislative steps in recent days that, if passed, would provide a tax benefit to cryptocurrency and BTC miners who want to establish a business presence in the region. Oklahoma Supports Crypto Mining A bill introduced by state legislator John Montgomery and the representative of the state, Ryan Martinez this year […]
A lot is happening in the crypto industry as Ethereum has hit its highest price level in the past three months. Bitcoin is currently bullish, while AXS has increased by 12%. Axie Infinity (AXS) Ronin recently got hacked, but the recent increase has caught the market by surprise. What’s Going On With Bitcoin? Bitcoin witnessed […]
Many enterprises have pictured the NFT space as their next destination to market their products and services. The NFT is now a booming ecosystem with many businesses. Samsung is moving to establish the first-ever smart TV in the NFT industry in collaboration with a digital art auction firm, Nifty Gateway. The new intelligent NFT TV […]
Activities in Layer2 have established a new record based on gas fees on the ETH blockchain. Based on data collated from Rebuffo through Dune Analytics, activities in the protocol consumed above 30 billion in transaction fees in March alone. The gas fees came from processed transactions and others in the protocol. The data means Layer2 […]
Ola Finance (a DeFi lending protocol) has acknowledged that it suffered from a hacker exploit on March 31, resulting in the loss of $3.7M worth of digital assets. How The Attack Happened A report by blockchain security firm (PeckShield) showed that the hacker exploited a bug in one of the protocol’s smart contracts to carry […]
Hong Kong-registered crypto firm Huobi is making a move to launch an exchange-traded fund for virtual currencies. An ETF exposes investors to crypto investments without purchasing any of the assets directly. The ETF will monitor major digital currencies and help retail investors get on board with crypto investments. The blockchain firm, whose parent company is […]
