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Defi Marketplace and NFT Platform Arcade Raises $15 Million in Series A Funding Round
23.12.2021
The decentralized finance (defi) marketplace, non-fungible token (NFT) financialization platform, and lending application Arcade has announced the company has closed a Series A investment round for $15 million. Just recently, Arcade facilitated an onchain loan of $800,000 against an NFT portfolio...
NAGA Integrates the $NGC Token to Bolster Ecosystem Value with Lower Fees and More Benefits
23.12.2021
Social investing platform NAGA is on a mission to help bring crypto mainstream. The platform already offers a diverse range of products designed expressly to create a sustainable economy where each community member can benefit. To build upon its vision, the platform has announced the integration...
100 digital payment token firms in Singapore fail to win licenses: Report
22.12.2021
The Monetary Authority of Singapore wants to support crypto and blockchain adoption in the country but it’s also willing to recognize the risks
From DeFi year to decade: Is mass adoption here? Experts Answer, Part 2
22.12.2021
Decentralized technologies’ insiders shared their views on DeFi and on the role, achievements and challenges the space faced in 2021
Adidas NFT Launch Is the Latest Example About Obstacles on Virtual Token
22.12.2021
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...
UK Regulator Calls Foul On Arsenal FC Fan Token Ads
22.12.2021
London-based football club Arsenal FC has drawn the ire of the UK advertising watchdog Advertising Standards Authority (ASA) for what the regulator calls “taking advantage of consumers’ inexperience in cryptoassets.”
The regulator banned Facebook and website posts in which the football side...
Twitch Co-Founder Gets Discord Hacked, $150,000 Stolen From Users In NFT Scam
22.12.2021
Justin Kan, a co-founder of Twitch and the dude Justin.TV was named for, last week decided to launch a site called Fractal, which would be a ‘marketplace’ where in-game items could be bought and sold as NFTs. Later, in Fractal’s Discord server, a link appeared advertising a drop of 3333 NFTs....
Donald Trump Says Crypto Is ‘Very Dangerous’ — Warns of ‘Explosion Like We’ve Never Seen’
22.12.2021
Former U.S. President Donald Trump says that crypto is “a very dangerous thing.” Commenting on cryptocurrencies, he warned of “an explosion someday” that will “make the big tech explosion look like baby stuff.” He also talked about his new social media...
Crypto Trading Platform Bitmex Reveals Exchange Token Called BMEX, Airdrop
21.12.2021
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...
Yearn.Finance Token Jumps as Team Promises ‘Aggressive Buybacks’
21.12.2021
YFI, the governance token issued by the decentralized finance (DeFi) protocol Yearn.Finance, has seen its price almost double in a week following the announcement of a completed token buyback worth some USD 7.5m.
The buyback, which Yearn.Finance said made up 0.77% of the total supply of...
BitMEX to Launch BMEX Token in 2022, Announces Airdrop
21.12.2021
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...
FTX US Partners With Monumental Sports Entertainment, Gets Exposure to 4 New Sports Teams
21.12.2021
FTX continues its path toward the sports world as it signed a partnership with Monumental Sports Entertainment (MSE) on Monday. The deal makes it so FTX US will be MSE’s exclusive crypto exchange and non-fungible token partner. FTX and Monumental Sports Entertainment to Collaborate...
Instagram Is ‘Exploring NFTs’ to ‘Make Them More Accessible to a Wider Audience,’ Says CEO
21.12.2021
According to the CEO of Instagram, Adam Mosseri, the social media application is looking into non-fungible token (NFT) technology. During an ask-me-anything (AMA) session on Instagram, Mosseri said that the company wants to make NFTs “more accessible to a wider audience.” Instagram...
No One’s Buying Ubisoft’s Garbage Ghost Recon NFTs
20.12.2021
Well, damn, I guess it’s my turn to write about these dumb Ubisoft NFTs. The publisher’s first virtual items on the blockchain, unique numbered items for players of Ghost Recon Breakpoint, are not exactly in high demand. Nope, not even that helmet with the 600-hour playtime requirement.Read more
Invictus Capital Announces NFT Collection to Give African Artists Global Exposure
19.12.2021
Invictus Capital has unveiled its first non-fungible token collection, called “Out of Africa,” through the Invictus NFT Lab. Through this collection, Invictus Capital will showcase fine art via blockchain technology as well as connect artists from Africa with the rest of the world....
Swiss Bank Seba Launches Regulated Gold Token, Aims to Bolster ‘Digital Ownership of Physical Gold’
18.12.2021
On December 15, FINMA-licensed Swiss bank, Seba, announced the launch of a gold token that can be delivered in physical form, on-demand, at any time from the firm’s partner refineries. Seba believes the token can be leveraged as a compliant stablecoin “backed by responsibly sourced...
From DeFi year to decade: Is mass adoption here? Experts Answer, Part 1
18.12.2021
Decentralized technologies’ insiders shared their views on DeFi and on the role, achievements and challenges the space faced in 2021
Ubisoft Boss Tells Employees That NFTs Are Just The Beginning
17.12.2021
Ubisoft CEO Yves Guillemot held a video Q&A this week to try and reassure developers about the company’s controversial new push behind NFTs, according to multiple sources who were in attendance. But they said his answers were vague and leaned on buzzwords like “metaverse” and “web 3.0,” leaving...
DAOs, Token Holders Could Face New Tax Liabilities, PwC Report Warns
17.12.2021
People who are part of Decentralized Autonomous Organizations (DAOs), or even holders of certain decentralized finance (DeFi)-focused governance tokens, could have tax liabilities that far exceed what they expect to see, a new PwC report on crypto taxation has warned....
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Value Locked in Defi Continues to Slide, ETH Defi Dominates by 65%, Solana Transactions Reign
17.12.2021
The total value locked (TVL) in decentralized finance has slid 15.63% since the metric’s all-time high of $275 billion sixteen days ago on December 1. Since the end of the first week of December, the TVL is down 7.19% lower with a number of protocols seeing seven-day losses in terms of TVL....