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Starbucks Odyssey Makes Big Bet that Web3 and NFTs Can Make Rewards ‘Immersive’
13.9.2022
Starbucks, the world's largest coffeehouse chain, is diving into the Web 3 and non-fungible tokens (NFTs) space with plans to launch a blockchain-facilitated loyalty program called Starbucks Odyssey. ...
Read More: Starbucks Odyssey Makes Big Bet that Web3 and NFTs Can Make Rewards ‘Immersive’
SEC Gary Gensler Crypto Speech is Probably Good News For Institutional Adoption
13.9.2022
Garry Gensler, Chair of the U.S. Securities and Exchange Commission (SEC), has established himself as a vocal critic of many segments of the crypto industry. The official’s recent speech at an event in Washington, D.C. indicates he wants the agency to cover numerous crypto industry entities with...
Three Types of Cross-Chain Infrastructures That Are Genuinely Solving the Interoperability Dilemma
12.9.2022
Currently, there are several smart contract blockchain networks, most of which have been operating in silos. DeFi natives could hardly move assets across different chains until recently; however, the debut of cross-chain solutions/bridges is gradually changing the landscape. By nature, cross-chain...
SEC Enforcement Director Gurbir Grewal Says Actions to Continue, Not Giving Crypto a Pass
12.9.2022
The Enforcement Division of the U.S. Securities and Exchange Commission (SEC) continues efforts to bring the crypto industry under securities overreach. Gurbir Grewal, the director of the enforcement division, has reiterated that the crypto industry should not expect to get a pass from...
U.S. SEC Setting up New Office to Look After Crypto Filings
12.9.2022
The U.S. Securities and Exchange Commission (SEC) is advancing its plans to establish a new office tasked with filings related to crypto assets. The agency expects the new entity will be established later this fall.
Under the plan, the new Office of Crypto Assets will be set up along with...
Juno Collaborates With Polygon
12.9.2022
Rapid on-ramps to USDC are now supported by Juno App and Juno Pay on Polygon, the ETH-based scalability solution for web3 apps. Users will have one of the greatest experiences viewing web3 on Polygon thanks to their agreement. To earn, invest, and invest both fiat money and cryptocurrency, Juno...
U.S. SEC Setting up New Office to Look After Crypto Filings
12.9.2022
The U.S. Securities and Exchange Commission (SEC) is set to create a new office to handle the review of company filings related to crypto assets. Named the Office of Crypto Assets, it will be under the SEC's Division of Corporate Finance as part of its Disclosure Review Program (DRP). ...
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Developer Activity on Bitcoin and Ethereum Plummeted in 2022
10.9.2022
Blockchain developers have slowed down their contributions to top crypto projects amid the lingering market downturn, with Bitcoin and Ethereum experiencing a decline of over 30% in developer activity over the past three months. ...
Read More: Developer Activity on Bitcoin and Ethereum Plummeted...
More Defendants Named in $258 Billion Dogecoin Lawsuit against Elon Musk
9.9.2022
The class action suit filed accusing tech billionaire and CEO of Tesla, Elon Musk, of running a pyramid scheme to promote Dogecoin (DOGE) has been amended this week to include more defendants and plaintiffs. ...
Read More: More Defendants Named in $258 Billion Dogecoin Lawsuit against Elon Musk
Bitcoin, Ethereum Google Searches Plunge 83% Since 2021
9.9.2022
Searches for 'bitcoin' and 'ethereum' have plummeted by as much as 83% since highs in 2021, according to Google Trends data. After reaching an all-time high of 100 in early May 2021, Ethereum-related searches have declined to 17, while for Bitcoin the decline has been 79% over the same...
Blockchain Gaming Juggernaut Hits $5.5B Valuation as Tamadoge Nears Price Increase
8.9.2022
Blockchain gaming firm, Animoca Brands, has achieved a $5.5 billion company valuation following the completion of its latest fundraising round which attracted $75.3 million from investors, including Liberty City Ventures and Kingsway Capital....
Read More: Blockchain Gaming Juggernaut Hits $5.5B...
Coinbase Offers MakerDAO 1.5% Interest on USDC held at Prime
8.9.2022
Major crypto exchange Coinbase is looking to partner with the largest decentralized lending protocol, MakerDAO. Coinbase has offered to pay MakerDAO 1.5% interest if Maker onboards its holdings of USDC to Prime, Coinbase's institutional-grade investment platform. ...
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Rug Pulls Were Rampant In August But Slightly Decreased On Previous Months - Report
8.9.2022
Rug pulls, a type of theft which occurs when owners of a crypto project flee with the funds collected from their investors, dominated Web3 world-based scams and exploits in August, with 33 out of the 44 recorded exploits deemed rug pulls and exit scams, according to a recent report released...
Zeus Finance to Integrate Chainlink Keepers, Price Feeds, and VRF
8.9.2022
Zeus Finance has announced triple integration, where it has added all three major Chainlink services to the network, making it the first DeFi protocol on the Avalanche network to do so. The integration includes the addition of Chainlink Keepers, Price Feeds, and VRF. Every service will have...
Avalanche Blockchain Used To Implement Flash Loan Attack - $370K Nabbed
7.9.2022
In the latest major hacking attempt against Avalanche (AVAX), a flash loan attack that targeted the blockchain enabled its unknown perpetrator to steal as much as USD 370,000 worth of USD Coin (USDC), per a recent announcement by CertiK Alert.
“Possible impacted protocols include: @nereusfinance...
Binance Converting USDC and Other Stablecoins to BUSD - A Market Share Grab?
7.9.2022
Binance, the largest cryptocurrency exchange by trading volume, has announced that it is removing support for three major stablecoins including Circle's USDC, Pax Dollar (USDP), and TrueUSD (TUSD) on all its products. ...
Read More: Binance Converting USDC and Other Stablecoins to BUSD - A Market...
Ankr Is Now Providing Complete Security to Avalanche Bridge
7.9.2022
Ankr has now been included in the shape and function of a Bridge Node to protect and provide fool-proof security from all angles, to the apparent bridge between Avalanche and Ethereum and the multiple other chains that are involved or will be involved shortly. The Avalanche Bridge was initially...
Manila Hosts First-Ever BSV Blockchain Meetup
7.9.2022
Out of the many emerging technologies, blockchain is unwavering in its advancement toward global adoption. This is because, on top of being a technology that can improve existing systems and resolve age-old problems when it comes to digital infrastructures, it can be used as a foundation that will...
Nigeria and Binance Build a Blockchain Hub City for Blockchain Projects
6.9.2022
NEPZA, the Nigerian government agency in charge of export processing zones, announced on Saturday that it is in talks with cryptocurrency exchange Binance to establish a "virtual free zone" dedicated to blockchain technology and the digital economy.
The National Economic and Production Zones...
Enterprises Have Been Slow to Embrace Blockchain. Here’s Why
2.9.2022
Blockchain is approaching its thirteenth birthday. It might not be old tech, but it can no longer be regarded as cutting-edge tech either. True, it took a few years for the separation of Bitcoin and blockchain to occur and a couple more for enterprises to take notice. By 2017, however,...