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How NFTs and the Metaverse Can Help Save the Planet


The head of a leading South Korean cryptocurrency exchange has recently promised that its non-fungible tokens featuring the world-famous K-pop band BTS will be minted by “low carbon, eco-friendly” technology after receiving backlash from environmentally conscious young fans about...

Valve CEO Gabe Newell Praises NFT Technology, Criticizes Bad Actors


Gabe Newell, founder and CEO of Valve, a popular company in the PC gaming market, has revealed his take on crypto and NFTs when applied to games. In an interview with gaming media, Newell validated the NFT technology that makes it possible to create these digital representations. However, he also...

Crypto Exchanges Soon Could Be Forced to Block Russian Users - Kraken CEO


  In the aftermath of the Western sanctions on Russia due to its invasion of Ukraine, crypto exchanges could be soon required to freeze the accounts of their Russian customers, according to Kraken CEO Jesse Powell.  He was replying to a recent request put forward by Ukrainian Deputy Prime...

Public Mint Suspends Deposits and Withdrawals in Russia and Belarus


Multiple countries have imposed broad economic sanctions in response to the extraordinary events that followed Russia’s invasion of Ukraine. To meet these requirements or sanction orders coming from different countries, the Public Mint is temporarily suspending all fiat deposits...

Crypto Donations to Ukraine Near USD 20M


  At least USD 18.9m worth of cryptoassets has been donated so far to the Ukrainian government and the nongovernmental organizations (NGOs) providing support to the Ukrainian military after Russia launched an invasion of the country on February 24. As of February 27th, 23:50 UTC, data accumulated...

US Charges Indian Citizen in $3.4 Billion Crypto Ponzi Scheme Bitconnect


The founder of the $3.4 billion crypto Ponzi scheme Bitconnect has been charged in the United States. “If convicted of all counts, he faces a maximum total penalty of 70 years in prison,” said the U.S. Department of Justice. Bitconnect’s Founder Could Go to Prison for 70 Years...

China Mining Ban Worsened Bitcoin’s Carbon Footprint, Study Claims


Contrary to some expectations, Beijing’s crackdown on the crypto mining industry has increased Bitcoin’s carbon emissions, researchers have alleged. Leaving China, miners also left behind its eco-friendly hydropower and are increasingly relying on energy generated by fossil fuels...

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