Category : Blockchain

Blockchain

Time Magazine to Start Accepting ApeCoin

Time Magazine made an via Twitter that it will start accepting ApeCoin in the coming weeks. ApeCoin, an Ethereum-based token was recently by Yuga Labs - the creators of the Bored Ape Yacht Club. Previously, the magazine had made it possible to pa...

Reserve Bank of India Advocates for Crypto Ban

The Reserve Bank of India (RBI) has advocated for a blanket ban to be imposed on the digital currency ecosystem as the believes this nascent asset class poses a threat to the rise of the country as a global power. While the underlying concern seem...

BlockFi Records Data Breach on Hubspot of its Third-Party Vendor

BlockFi, an American cryptocurrency platform to buy, sell and earn crypto, has confirmed that some of its client's data stored on Hubspot, a Customer Relationship Management platform, have been compromised. the incident on Twitter, BlockFi said th...

Universal Music Label Acquires Ape NFT to Build Virtual Music Group

Universal Music Group has bought one of the popular non-fungible tokens (NFT) to build a virtual music group, according to Reuters. Universal's 10:22 pm label Bored Ape #5537 for $360,817 - a female character, now known as Manager Noët All. The NF...

Will Ethereum's Records Biggest Crypto Exchange Outflow in 2022 Propel More Upward Momentum?

Ethereum witnessed the largest crypto exchange outflow this year, given that coins exited in droves to the tune of more than 180,000 ETH. Market insight provider IntoTheBlock : “Largest Outflows in 2022 - over 180k ETH was withdrawn from cent...

Ethereum 2.0 Continues to Gain Steam, Staked ETH Tops 10 Million

The transition to Ethereum 2.0, which was renamed the consensus layer, continues to gain momentum because the amount of staked Ether is nearly 10% of the entire ETH supply. Crypto research firm Delphi Digital : “Over 10 million of ETH has bee...

Yuga Labs Teases 'Otherside' as its Potential Next Project

For anyone that has been following the events in the digital currency ecosystem very well, Yuga Labs will be a prominent name that can be reckoned with. This is partly for being the brains behind the most prestigious Non-fungible Token (NFT) collec...

Ukraine’s Largest Bank Privatbank Suspends Money Transfers to Crypto Exchanges amid Martial Law

Privatbank, the largest commercial bank in Ukraine regarding assets, has suspended money transfers to crypto exchanges. Privatbank announced last Friday that it has temporarily restricted its customers from purchasing Bitcoin using the national fi...

El Salvador's Bitcoin Adoption Lower than Expected: Survey

The level of adoption of Bitcoin (BTC), the new legal tender in El Salvador is technically at a low ebb, at least, compared to what is being portrayed in the media. to a survey conducted by the Chamber of Commerce and Industry of El Salvador (Cama...

This Year's Top 6 Utility Tokens to Watch

The “cryptocurrency” term is usually referred to as a digital payment instrument. In a technical sense, not all crypto assets can be considered currencies. In fact, blockchain-based assets fall into two main categories: coins and tokens. Coins ar...

Security Should be at the Heart of Crypto Ventures, HashCash CEO Says

The skyrocketing number of digital asset services shows increased crypto awareness and adoption, which necessitates heightened security features, to HashCash Consultants CEO Raj Chowdhury. With a notable portion of the global population gearing u...

U.S. Should Align Itself with Digital Assets to Safeguard its Interests, Says Chainalysis Founder

During a Senate hearing, Chainalysis founder Jonathan Levin that the U.S. ought to prioritize and invest in digital assets to get the upper hand when enhancing financial transparency, public safety, and national security. Speaking to the Senate C...

Hut 8 Achieves Record High Annual Revenue of $173.8m

A prominent Canadian cryptocurrency mining company, Hut 8 a record high annual revenue of $173.8 million. Bitcoin holdings will increase by 100% to 5,518 by the end of 2021, with a of $323.9 million. Hut 8's fourth-quarter 2021 financial results,...

Ronaldo Among Participants in Cricket NFT FanCraze's Fundraise

FanCraze is raising around $100 million in a new funding round from backers, including Cristiano Ronaldo, sources familiar with the matter told Bloomberg. The Series A funding round for the online trading platform officially licensed for digital cr...

GameStop to Launch NFTs Marketplace by the End of Q2

In its fiscal fourth-quarter earnings report, GameStop, a major US video game and electronics retailer, announced that it plans to launch a non-fungible token (NFT) marketplace by the end of the second quarter (the end of July this year). The timel...

U.S. Democrats Propose Bill to Restrict Russian Crypto Use amid Ukraine Crisis

U.S. Democratic senators introduced a bill to the U.S. President Thursday that they propose to impose sanctions on foreign cryptocurrency companies with business to Russian entities, preventing them away from transacting with U.S. customers, Reuters...

Crypto Exchange Anchex Raises $1M to Expand Customer Base

U.S.-based cryptocurrency exchange Anchex has raised its largest-ever investment of up to $1 million to expand the customer market. According to Dylan Thompson, the funds raised will be to expand into new markets in the U.S. and India. Dylan Thomp...

ACC Sues Meta Alleging Scam Crypto Ads

Australia’s competition watchdog sued Meta Friday, alleging scam advertisement of cryptocurrency investments by asking local celebrities to promote them on its social media platform. The Australian Competition & Consumer Commission (ACCC) said...

Spotify Intends to Add NFTs to Streaming Service: Report

Swedish audio streaming and media services provider Spotify appears to be planning to add blockchain technology and non-fungible tokens (NFTs) to its streaming service. The firm recently posted two job openings that indicated that the streaming co...

Ethereum Layer 2 Startup Optimism Raises $150m in Series B Round

Ethereum scaling startup Optimism has secured a $150 million Series B round, co-led by Andreessen Horowitz and Paradigm. After this financing, the company was valued at $1.65 billion. Since and Defi products are closely linked to the Ethereum netw...

Coinbase and Brian Armstrong Named as Defendants in a Securities Lawsuit

Coinbase Global Inc, Coinbase Inc, and Brian Armstrong have been named defendants in a class-action lawsuit by three Plaintiffs Louis Oberlander, Henry Rodriguez, and Christopher Underwood. All of whom claim the NASDAQ-listed exchange acted in th...

Japanese Challenger Bank Kyash Raises $41m from Jack Dorsey’s Block and Others

Kyash, a Tokyo-based challenger bank, announced Thursday that it had raised $41.2 million in a Series D funding round from investors, including payments company Block (formerly Square), Greyhound Capital, and Japan Post Investment Corporation, SMBC...

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