Gaming altcoin The Sandbox (SAND) is unveiling a joint metaverse venture with one of the biggest music labels in the world. In a new blog post, land-focused virtual reality crypto The Sandbox says that it’s partnering up with the world-famous Warner Music Group to create the first-ever music-themed world within the metaverse. Warner purchased what …
Monthly archives: January 2022
The biggest crypto heists of all time
The biggest crypto heists to date are MT Gox, Bitgrail, Coincheck, KuCoin, PancakeBunny, Poly Network, Cream Finance, BadgerDAO, Vulcan Forged and Bitmart. MT Gox MT Gox was the first large-scale exchange hack, and it remains the most significant Bitcoin (BTC) heist from an exchange. The MT Gox robbery, on the other hand, was not a …
Kyber Network (KNC) bucks the market-wide downtrend with a 57% gain in January
In the crypto market volatility continues to reign supreme, and fear, uncertainty and doubt (FUD) run rampant. This makes it challenging for any project to rise above the noise and post positive price gains but there are a few projects that are showing strength during the current downturn. Kyber Network (KNC) is a multi-chain decentralized …
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CertiK’s identification of Crypto Cars as ‘rug pull’ was a false alarm
In a period of market downturns, rumors of crypto bans and decentralized finance, or DeFi scams, blockchain enthusiasts can be sensitive to the smallest abnormalities within projects they follow and sometimes erroneously fear for the worse. The day prior, CertiK, a leading cybersecurity ranking platform in the blockchain space, issued a warning via Twitter regarding …
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Bitcoin (BTC) Price Prediction: BTC/USD Attempts to Resume Uptrend as Bitcoin Faces Stiff Resistance at $39k
BTC Price Drops Sharply As Bitcoin Faces Stiff Resistance at $39k– January 28, 2022 BTC/USD is in a range-bound move as Bitcoin faces stiff resistance at $39k. The bulls have made one attempt to break above the $39,000 resistance. Because of the failure of buyers to keep the price above the recent high, Bitcoin was …
DeFi protocol Qubit Finance exploited for $80 million in a recent hack
Losing $80 million worth of BNB tokens in a recent hack, Qubit Finance joined the unfortunate list of exploited DeFi protocols on Binance Smart Chain (BSC). The DeFi lending protocol reported the incident in a Twitter post, revealing that the malicious attacker exploited a vulnerability on the Qubit Bridge–a cross-chain bridge to Ethereum. What happened? …
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Op-ed: Here’s why Algorand is the ideal home for NFT artists
First and foremost is the cost. Minting, buying, selling, and trading NFT’s on the Algorand blockchain is cheap. Incredibly cheap. Right now, it costs just a fraction of a cent to transact on Algorand. Compare that to other layer-1s, and the argument for Algorand almost makes itself. Even after last August’s highly anticipated London Hardfork …
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Belgian Member of Parliament to convert entire 2022 salary into Bitcoin
Brussels MP Christophe De Beukelaer will convert his salary into Bitcoin, and this, throughout the whole of 2022. As reported by the Belgian news outlet 7sur7, thanks to the Bit4You platform, the MP’s monthly salary will be automatically converted into bitcoin (BTC). As markets have been quite volatile of late, this might seem like a …
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Barstool Sports Blog Founder Dave Portnoy Spends a ‘Cool Million’ on 29 Bitcoin
The founder of Barstool Sports blog, Dave Portnoy, announced he purchased 29 bitcoin on January 28, spending more than a million dollars. The day trader has had his ups and downs with bitcoin over the last few years, and it seems he’s now jumping back into the market. Day Trader Dave Portnoy Bought 29 Bitcoin …
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Tori Zero NFT Project Launched a Joint Cooperation With BWL, the World’s Top Trendy Silver Jewelry Brand
press release PRESS RELEASE. The Tori Zero NFT project announced a joint cooperation with the trendy silver jewelry brand BWL. BWL founder Bill Wall will be the first celebrity to join the REDLAB Metaverse KOL program and will be giving away 30 pieces of customized hand-crafted BWL silver pendants to the Tori Zero community as …
Crypto.com Inks Multi-Year Deal With LeBron James and His Education-Focused Nonprofit
On Friday, the digital currency exchange Crypto.com announced the company has inked a multi-year partnership with LeBron James and the LeBron James Family Foundation (LJFF). The crypto trading platform notes that the partnership will bolster things like “educational empowerment,” providing access to tools that help build “Web3, and the future of the internet.” LeBron James: …
Whale Watch: A Deep Dive Into the Concentrations of Large Crypto Holders
Three months ago the crypto economy was worth more than $3 trillion and since then, digital currency prices have slid a great deal in value, as crypto assets have been sold and distributed across many hands. Over the last decade, fluctuating price cycles have made it so some addresses, typically referred to as crypto whales, …
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Technical Analysis: Terra Luna Drops 20%, While Symbol Token Climbs on Friday
Terra (Luna) was one of this week’s biggest crypto losers, falling by as much as 20% during Friday’s session. Declines in terra came as cosmos (ATOM) also had a double-digit decline. Biggest gainers Although crypto markets were mainly trading in the red, symbol (XYM) was one of the rare exceptions to climb higher today. XYM …
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Ripple Competitor Announces Plans To Roll Out Smart Contracts in 2022
Ripple competitor Stellar (XLM) is announcing plans to roll out smart contracts later this year. Stellar Development Foundation (SDF) ecosystem head Justin Rice says smart contracts will enable a new suite of products and services on Stellar. “There’s a lot of work to be done to get there, but at SDF we’re committed to researching …
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Video-Sharing Giant YouTube Says Its Ready To Embrace This Sector of the Crypto Market
A top executive at YouTube is unveiling the video-sharing giant’s plans to adopt elements of Web3 into its platform. In a new company blog post, YouTube CEO Susan Wojcicki says that non-fungible tokens (NFTs) and decentralized autonomous organizations (DAOs) are areas of strong interest to the flagship video-sharing website. “We’re looking further ahead to the …