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Adidas NFT Launch Is the Latest Example About Obstacles on Virtual Token


Adidas got the taste of its NFT launch drop last week. This launch failed in an instance of non-consumable tokens introduced by brands to experience the Metaverse. The much-anticipated collection, launched along with the Bored Ape Yacht Club, sold for around $ 22 million. However, when Adidas first...

Crypto Trading Platform Bitmex Reveals Exchange Token Called BMEX, Airdrop


The crypto trading platform Bitmex has announced the launch of its own native cryptocurrency called “BMEX,” following a slew of crypto platforms that have issued exchange tokens. According to the company, a user who registers and completes the KYC process will get five BMEX coins...

BitMEX to Launch BMEX Token in 2022, Announces Airdrop


  Major crypto derivates exchange BitMEX said it will launch its token, BMEX, in 2022, in two phases. The first phase, an airdrop, "starts now," the company said, adding that "from now until the end of March, you’ll be airdropped BMEX according to your trading volume." The exchange noted that...

Investors Not Impressed by Polkadot's Parachains Launch


  Blockchain protocol Polkadot (DOT) failed to impress investors over the weekend as it launched its first set of parachains, or individual blockchains running in parallel within the Polkadot ecosystem. While Polkadot's utility token DOT was relatively flat on December 18, the day of the launch...

Indian Lawmaker Says Crypto Must Be Blocked if Used for Illegal Purposes


India’s minister of state for external affairs says that cryptocurrencies must be blocked if they are used for illegal purposes, such as “to launch cyber-attacks in India, to launch other attacks on India, to do other kinds of illegal and unethical work like drug trafficking.”...

Consensys Launches Rollups Scaling Solution With Mastercard’s Support


Consensys, an Ethereum software company, announced yesterday the launch of a new scaling solution for Ethereum, called “Consensys Rollups.” The company enlisted Mastercard programmers to design the solution, which aims to allow the network to reach a throughput of 10,000...

African Startup Raises $6 Million From Pre-Series A Funding Round


Africa Blockchain Lab recently said it has raised $6 million from a pre-Series A investment round and will use the capital to fund the launch of a crypto wallet. Driving Adoption of Cryptocurrencies An African crypto startup, Africa Blockchain Lab, recently confirmed it has received $6 million from...

USDC Sees Native Launch on Avalanche


USDC, the second leading stablecoin by market cap, has been launched on the Avalanche blockchain as a native token. Previously, users wanting to get USDC in Avalanche had to bridge it via Ethereum. Now, Circle, the issuer of usd coin (USDC), will allow users to mint the tokens directly...

Robinhood Launches Cryptocurrency Gifts Program


Trading platform Robinhood is launching a cryptocurrency gifts program, allowing users to gift several cryptocurrencies, including bitcoin, dogecoin, ether, bitcoin cash, and litecoin. As with crypto trading, gifts are commission free and users can gift as little as $1 in cryptocurrency....

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