As a result of Web3 being acquired by a Korean fintech giant in the midst of a bear market, 10,000 jobs will be created

As a major fintech company in South Korea, Dunamu operates crypto exchange Upbit and several other blockchain and securities platforms. In the next five years, it plans to create about 10,000 new Web3 jobs. The company is reportedly considering providing specific software and funding to encourage more firms to join Web3. Since 2018, Dunamu has … Read more

The current state of KuCoin: Safety and concerns

In recent days, the cryptocurrency exchange KuCoin has come under fire from the online community. Some users have accused the exchange of being insolvent, while others have defended it. Crypto Twitter has been buzzing with speculation that KuCoin, one of the world’s largest cryptocurrency exchanges, is about to halt withdrawals. Recently, there have been a … Read more

BlockFi Secures $250 Million Credit Facility From FTX

BlockFi, the leading digital asset financial services company, announced today that it has secured a $250 million credit facility from FTX, a leading cryptocurrency derivatives exchange. It’s never easy to lose your job, but it’s especially tough when it comes as a surprise. That’s what happened to the employees of BlockFi, a cryptocurrency startup. Crypto … Read more

NFT.NYC Event 2022

NFT.NYC is one of the largest nonfungible token events and is preparing to open its doors to celebrate the diversity of NFTs. The event will feature over 1,000 different NFTs, including art, games, and collectables. If you’re interested in learning more about this exciting new world, then this event is definitely for you! This year’s … Read more

Ankr Partners With Ethereum Scaling Solution Optimism

Ankr announced that it’s partnering with Optimism, a layer-2 scaling solution for Ethereum. The partnership will help Ankr to provide its users with improved scalability, security, and usability when interacting with decentralized applications (dApps). Optimism’s technology will also help Ankr to expand its product offering beyond its current staking and node offerings. Ankr is a … Read more

The Fed’s Real Intentions: Why They Leaked The Potential For A 75 Basis Point Rate Hike

The Federal Reserve is expected to increase the cost of borrowing by 0.75 percentage points this move is likely to put pressure on already struggling families and businesses. The United States is nearing the end of its seven-year economic expansion, which is the longest on record. And with unemployment at a 17-year low and inflation … Read more

Bitcoin Drops Below $22,000

Bitcoin dropped below $22,000 on Tuesday morning as investors pulled out of the cryptocurrency in anticipation of an interest rate hike from the Federal Reserve tomorrow. Bitcoin dropped to lows of $20,950, according to data from CoinMarketCap,This isn’t the first time bitcoin has taken a tumble. In fact, it’s endured a number of plunges in … Read more

Binance Is Hiring While Most Exchanges Are Firing!

Gemini, Coinbase, and Crypto.com have all announced workforce cuts, while crypto lending platform BlockFi yesterday said it would be forced to “significantly” reduce its staff due to the current market conditions. It’s been a tough few weeks for the cryptocurrency market. Bitcoin and other major cryptos have seen their prices decline significantly. In what has … Read more

Can Microstratergy weather the Bitcoin storm?

First, the company’s CEO, Michael Saylor, is a big believer in Bitcoin and its potential as a store of value. Microstrategy is one of the largest publicly traded business intelligence companies. In 2020, the company made a large investment in Bitcoin, buying 21,454 BTC for $250 million. This was not a one-time purchase, but rather … Read more

Celsius Pauses Withdrawals: What Does This Mean For You?

In an email sent to customers, Celsius Network, a cryptocurrency startup that raised more than $50 million in venture capital, said it was suspending withdrawals and swaps due to “extreme market conditions.” Celsius Network, the New York-based startup that provides interest-bearing cryptocurrency accounts and short-term loans, has alerted its customers via email that it is … Read more

Why Is Bitcoin And The Crypto Market Crashing

Bitcoin and other cryptocurrencies have been on a downward trend since the beginning of 2022. This blog will explore some of the possible reasons for this decline, as well as what it could mean for the future of Bitcoin and other digital currencies. The value of Bitcoin and other cryptocurrencies has been in decline since … Read more

Bitcoin Mining in the Age of Rising Energy Prices: Can It Still Be Profitable?

Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency, as the system works without a central bank or single administrator. Bitcoin mining is the process by which transactions are verified and added to the public ledger, known as the blockchain, and also the means through which new bitcoin are … Read more

Mastercard Eyes NFT and the Metaverse, Files For 15 trademarks

Mastercard has joined the growing list of global firms positioning themselves for the emerging NFT world and the Metaverse. Payment mammoth Mastercard has filed 15 separate new trademarks with the U.S. Patent and Trademark Office, revealing its intention to adopt non-fungible tokens and render virtual services in the metaverse. According to one of the trademarks, … Read more

Elon Musk Reportedly Buying Twitter

Twitter has been in the news a lot lately, and not always for the best reasons. It’s been a rough few years for Twitter. The social media company has struggled to grow its user base and profits. Twitter is considering selling themselves, and now with the news that Elon Musk is in talks to buy … Read more

Bitcoin Price Struggling to Get Over 40k

Bitcoin at the moment can’t break above the $40,000 mark and is now struggling to stay above the $35,000 level. Many analysts believe that there is more downside to come for Bitcoin and that the price could easily fall below $30,000 in the near future. So what’s causing this downward trend and will it continue? … Read more

Coinbase to create a three-part movie based on Bored Ape Yacht NFTs, Team launches a BAYC-themed restaurant

Coinbase has announced that it is creating an interactive three-part film featuring the Bored Ape Yacht NFT and ApeCoin communities titled “The Design Trilogy.” In an announcement, Coinbase is reaching out to the Bore Ape Yacht Community to submit their Bored Ape NFTs on the website of the interactive film series. “We’ve been inspired by the Bored … Read more

Hackers hijack verified Twitter accounts, announce false Azuki NFT drops to steal NFTs

Hackers have hijacked verified Twitter accounts to announce false Azuki NFT drops to mislead users and steal their NFTs. After hijacking these verified Twitter accounts, the hackers upload Azuki NFTs as profile pictures and claim to be founders of the Azuki project. The hackers then tweet links announcing a secret drop, then tagging thousands of … Read more

Bitcoin is a legal tender in Honduras’ Special Economic Zone Próspera

Próspera, a Special Economic Zone in Honduras, a Central American country, has announced that Bitcoin and other cryptocurrencies operate as legal tenders within its jurisdiction. A special economic zone is a part of the country with distinct business and trade regulations than the rest of the country. Although Honduras’ central bank has not approved Bitcoin … Read more

UFC fighters to receive bonuses Bitcoin

The Ultimate Fighting Championship (UFC) has now adopted Bitcoin (BTC) as a payment option for its fighters. UFC fighters will now be paid their fan bonuses in BTC through its official crypto partner, Crypto.com. The top three fighters featured in the UFC Pay-Per-View will get BTC payment based on fan voting. UFC Pay-Per-View is a … Read more

UN Agency adopts cryptocurrency for the first time to help Ukrainian refugees

As the Russian invasion of Ukraine intensifies, cryptocurrency has continuously proven to be a saving grace for the war-torn country as adoption continues. The United Nations High Commissioner for Refugees (UNHCR) has become the latest world organization to adopt cryptocurrency to generate funds for humanitarian aid for Ukrainians as it receives crypto donations for the … Read more

The UK Royal Mint To Create an NFT This Summer

The Royal Mint of the United Kingdom is planning on creating a Non-Fungible Token (NFT) that will be issued this Summer. The Chancellor of the Exchequer, Rishi Sunak, said in a press release that the NFT will be an “emblem of the forward-looking approach the UK” towards making the UK a global hub for crypto assets technology … Read more

Justin Aversano reveals plans to open a 3,600-square-foot physical NFT gallery in June

NFT artist Justin Aversano, during the Non-Fungible Conference in Lisbon, said he is planning to open a physical gallery for NFTs in Santa Monica, California. Justin Aversano, the co-founder of Quantum and the creator of the successful NFT photo project Twin Flames, which featured 100 photos of Twins from across the world and generated millions … Read more

The Dubai Police Force becomes first law enforcers to jump on the NFT bandwagon

The Dubai Police Force is setting standards for other police forces to follow by embracing non-fungible tokens (NFTs). The police force has announced that it will be airdropping 150 NFTs in what it calls “The First Dubai NFT Airdrop”. This is the first time any police force would feature an NFT collection. According to the announcement, “each … Read more

OpenSea integrates Moonplay’s plug-and-play solution to allow NFT card purchase

OpenSea, the world’s largest NFT marketplace, has added a pay with card option to its platform, making it easier to acquire NFT and driving mainstream adoption. Through MoonPay’s NFT Checkout integration, collectors will be able to buy NFTs on OpenSea via credit and debit card without using cryptocurrencies. NFT Checkout is a plug-and-play solution for … Read more

Visa launches program to help creatives leverage NFTs to scale their businesses

Global payment company Visa has launched the Visa Creator Program to help small business owners in the creative industry scale their businesses using non-fungible tokens (NFTs). The Visa Creator Program aims to help creators in art, music, fashion, and film protect their ownership rights and generate revenue through NFTs irrespective of their level of experience … Read more

Solana is officially coming to OpenSea in April

OpenSea has confirmed the rumor going around about its plans to add support for Solana NFTs on its platform. The largest NFT marketplace OpenSea has announced that it will integrate the Solana blockchain within its ecosystem on an undisclosed day in April. OpenSea made this new long-awaited news known through a 16 seconds teaser video … Read more

Samsung Electronics teams up with Nifty Gateway to create NFT marketplace for smart TVs

Owners of the new Samsung Premium TVs will be able to view and buy NFTs while relaxing on their couches through new integration. Electronics mammoth and Nifty Gateway’s marketplace have partnered to create the first smart TVs that will allow NFT users to explore, purchase, and trade non-fungible tokens (NFTs). The NFT marketplace integration will … Read more

WWE inks partnership deal with Fanatics to launch NFTs

World Wrestling Entertainment (WWE) has inked a long-term partnership deal with global digital sports platform Fanatics to produce wrestling-themed non-fungible tokens (NFTs) trading cards. According to a joint statement, the NFTs will capture a star-studded roster of wrestlers and their action moments in the ring and allow their global fanbase to showcase their pride and … Read more

MAC Cosmetics & ConsenSys pledges 100% profits from Keith Haring NFT sales to fight HIV/AIDS

MAC Cosmetics and ConsenSys are teaming together to use non-fungible tokens (NFTs) to help people battling HIV/AIDS. The NFT collection consists of 5,275 NFTs, which features the combination of the late Keith Haring’s art style with MAC lipsticks. Each NFT is an animated illustration, grouped into 3 categories with different price points and rarities. The … Read more

Celebrity chefs launch CHFTY Pizzas NFTs on Ethereum to build ecosystem in Web3

Top chefs Tom Colicchio and Spike Mendelsohn are on a mission to build an ecosystem to help chefs, foodies, and brands integrate into Web3 through non-fungible tokens (NFTs). Colicchio and Mendelsohn launched their NFT collection, CHFTY Pizzas NFTs, with a public mint on Thursday on the Ethereum Blockchain. According to an announcement, ownership of this … Read more

Frosties creators charged with $1 Million NFT fraud scheme by US Department of Justice

The creators of Frosties non-fungible tokens (NFTs) project that suffered a rug pull in January have been arrested and charged with conspiracy to commit wire fraud and money laundering by the United States Department of Justice. Creators of Frosties NFTs Ethan Nguyen, aka Meltfrost or Jakefiftyeight, and Andre Llacuna, aka heyandre, were both charged for … Read more

Krafton partners with Solana Labs to develop NFT-based games

South Korean video game company Krafton has signed a business deal with Layer 1 blockchain project Solana Labs to build blockchain-based games using non-fungible tokens (NFTs). Krafton, known for its popular battle royale game, PUBG: Battlegrounds, will utilize Salana’s blockchain technologies and experience to build NFT-based games and services. Peaking on the business partnership, Krafton’s … Read more

GameStop Launches NFT Marketplace Beta Version on Loopring Layer 2 Solution

GameStop’s non-fungible token (NFT) marketplace plans are now taking shape with the launch of the beta version built on Ethereum scaling provider Loopring. The Head of Growth at Loopring, Adam Browman, posted on Medium that the integration will allow users to gain access to a fast, cheap and secure platform powered by Loopring. Loopring layer … Read more

NFT marketplace VeVe temporarily shuts down platform following an in-app token exploit

VeVe nonfungible token (NFT) marketplace has been temporarily shut down following an exploit that resulted in a significant quantity of gems being acquired illegitimately. The NFT marketplace with licensed premium digital collectibles took to Twitter on Tuesday to announce that it has also restricted some accounts pending the investigation into the exploit. “As a result … Read more