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Meta Says Adios to Diem – But Its Buyer Wants to Launch a Token of its Own


  Meta, the company formerly known as Facebook, is set to wash its hands of its ill-fated Diem stablecoin plans once and for all – but there may yet be a twist in the tale as the firm that will buy the coin’s assets and intellectual property (IP) could yet launch a token of its own. Silvergate...

Reddit Reportedly Testing NFT Profile Pic Functionality


Reddit, one of the largest micro-posting sites on the internet, is reportedly venturing further into the world of non-fungible tokens (NFTs). The company is testing a new functionality that allows users to set NFTs as profile pics, something Twitter is already doing now. Reddit released its...

Decentralised Metaverse Socialfi Platform Boom Enables NFT Display in Its App


While the latest news and information about cryptocurrency & NFT projects are better known through Web 2.0 social media companies such as Twitter, Instagram, and Youtube. There aren’t any decentralised social platforms available in the market that allows users to own the NFT while being...

25% of US Adults Plan to Start Investing in Crypto, Survey Shows


A U.S. consumer survey shows that 25% of respondents who currently do not own cryptocurrency plan to start investing in crypto. “2021 was a good year for crypto. Of the respondents that own crypto, more than half reported that they had just started investing in the space within the last...

Euro Inflation Hits Record Highs, ECB Not in Rush to Raise Interest Rates


The European Central Bank is concerned over inflation in the euro area rising beyond its own expectations, a high-ranking ECB official has admitted. However, Europe’s monetary authority is not prepared to raise interest rates at this point in time, the executive unveiled. ECB Sees No Reason...

NYCB and Group of Banks Join to Launch USDF Stablecoin


A group of U.S.-based banks is launching their own stablecoin, USDF. The stablecoin will be issued by the USDF Consortium, which will allow its members (financial and banking institutions) to issue USDF. The proposed stablecoin will be the first currency of its kind to be minted by FDIC-insured...

PayPal Considers Releasing its Own Stablecoin


Since opening trading to all customers in 2020, PayPal has already been broadening its crypto biz. It has permitted US clients to spend with cryptos and has continued to increase its crypto purchase constraint over the last year, and now, PayPal has allegedly revealed that it is developing...

Moviecoin․com to Transform Movie Financing on Blockchain


PRESS RELEASE. London, England, January 10, 2022: Moviecoin.com brings movie funding and decentralized finance (defi) to both independent movie-makers and larger budget movies. Moviecoin.com will allow any budding movie producer, director, or writer to finance their own script and movie....

Mexico Announces It Will Issue Its Own Digital Coin by 2024


The government of Mexico announced that the country’s central bank will issue its own digital currency. The statement of the official account of the presidency of Mexico informed that the development should be ready towards 2024, and remarked about the importance the technology has for...

Decentraland Gets Its Own Times Square and New Year's Eve Ball Drop


  Jamestown, the owner of the Times Square building in New York, partnered with Digital Currency Group (DCG) to recreate this famous place in the Big Apple in the virtual world of Decentraland (MANA) for the New Year’s Eve ball drop.... Read More: Decentraland Gets Its Own Times Square and...

The Opendao Gives Xmas Airdrop to Opensea Users


New decentralized organization Opendao gave users of Opensea, one of the biggest NFT marketplaces by trading volume, a gift on Christmas. The organization launched its own token and organized an airdrop to distribute it to users that had purchased NFTs using Opensea, allowing them to claim 50%...

Pakistanis Own $20 Billion in Crypto, Report Reveals


In the absence of regulations, people in Pakistan have invested a serious amount of money in digital assets. New research claims Pakistanis keep some $20 billion in cryptocurrency, allegedly more than what their central bank has in foreign reserves. Government Urged for Regulations as Study Shows...

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...

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