Entering the era of decentralized video streaming with Theta Network

On the heels of new partnerships, the Theta ecosystem continues to expand, attracting new video content distributors, creators, and users.  Leveraging a next-generation end-to-end infrastructure for decentralized streaming, Theta enables media and entertainment companies to improve video delivery at lower costs, while expanding their reach–boosting views and user engagement through token incentives. Enabling content consumers …

Circle’s USD Coin is silently closing the gap to Tether

Tether’s dominance as the largest stablecoin in the crypto space is quietly being eroded by the growth of Circle’s USD Coin (USDC), which now controls around 30% of the stablecoin market. According to available data, USDC now has 50 billion units in circulation, cementing it as the second-largest stablecoin by market cap. USDC hits $50 …

Indian government to enforce tough crypto tax rules, is this a sign of things to come worldwide?

During the budget session, India’s Finance Minister Nirmala Sitharman announced crypto income will be taxed at 30%, along with a string of strict conditions. India has been back on forth regarding the legal status of digital assets since the Reserve Bank of India ban in April 2018. This was later overturned by a Supreme Court …

Crypto Asset Manager Wisdomtree Reveals ‘Direct-to-Retail’ Digital Wallet

The crypto asset and exchange-traded fund (ETF) manager Wisdomtree has revealed the company is launching a new digital wallet called Wisdomtree Prime, which will allow users to hold crypto assets, blockchain-enabled funds, tokenized versions of commodities like gold, and access to stocks or bonds based on Wisdomtree’s indexes. Wisdomtree to Launch Prime Wallet in Q2, …

New Balance ‘Virtual Goods’ Trademarks Hint of Upcoming Metaverse and NFT Venture

Following Adidas and Nike getting into the metaverse, the sneaker manufacturer New Balance seems to be prepping to launch virtual items tied to its products. The firm filed three trademark applications with the United States Patent and Trademark Office (USPTO) that describe “downloadable virtual goods” featuring “footwear, clothing, sports bags, sports equipment, and accessories for …

India Proposes 30% Tax on Crypto Income — Finance Minister Cites ‘Phenomenal Increase’ in Crypto Transactions

The Indian government has proposed taxing income from cryptocurrencies and other digital assets at 30%. India’s finance minister, Nirmala Sitharaman, said: “There’s been a phenomenal increase in transaction in virtual digital assets … The magnitude and frequency of these transactions have made it imperative to provide for a specific tax regime.” 30% on Crypto Income …

Bitcoin, Ethereum Technical Analysis: Ethereum Surges 10% to Start February

Cryptocurrencies traded higher to start the month of February, as markets look to forget January’s red wave. ETH is trading close to 10% higher as of writing, with bitcoin gaining almost 4% today. Bitcoin Bitcoin, which fell by as much as $16,000 last month, has recently started to regain some steam, climbing by over 11% …

Panther Protocol’s $ZKP Token Launches, Sets to Revolutionize Private Finance

sponsored In the growing DeFi panorama, both institutional traders and retail investors are starting to notice the inherent privacy issues with the most popular Layer-1 blockchains. The extreme transparency of L1s such as Ethereum, Solana, and Avalanche, to name a few, leaves investors vulnerable to attacks such as front-running and MEV. Meanwhile, the lack of …

Why the SEC is investigating these crypto lending firms

Top crypto lending firms, Gemini Trust Co, Celsius Network, and Voyager Digital Limited, are under investigation by the US Securities and Exchange Commission (SEC).  High-interest rates attract regulators attention Sources close to the matter revealed that this isn’t a specific investigation into these companies. But a general probe into firms offering interest on virtual deposits. …

“Green” NFT platform OneOf enters a label-wide partnership with Warner Music Group

NFT platform OneOf recently announced entering a preferred partnership with Warner Music Group (WMG) to create exclusive NFTs for the American record label giant. Launched in September, the NFT platform specialized for music is built on the Tezos blockchain–leveraging energy-efficient minting. WMG enters the metaverse and steps up its NFT game According to the announcement, …

Central Bank of Jordan Exploring the Possibility of Launching a CBDC

The governor of the Central Bank of Jordan recently said his institution is studying the possibility of launching a legal digital currency, one that will be linked with its national currency. He also suggested that cryptocurrency trading might eventually be allowed in Jordan once the necessary legislation has been put in place. Protecting Investors Jordan …

Circle Launches USDC on Flow Blockchain

Circle, the operator of USDC, one of the biggest stablecoins by market cap, has launched USDC as a native asset on top of the Flow blockchain. Flow is a blockchain project made to host NFT and game-based initiatives, aiming for low fees and a high volume of transactions. With this launch, USDC aims to keep …

Binance Announces SAFU Fund Has Reached $1 Billion

Binance has announced one of its trademark features, the SAFU fund, has reached a milestone in its development. The SAFU fund, an acronym that stands for “Secure Asset Fund for Users,” has reached the amount of one billion dollars, securing the funds of users in case of a hacking emergency. The exchange, which is one …

​​GensoKishi Online’s MV (Metaverse) Token to Be Listed on QuickSwap (DEX)

press release PRESS RELEASE. GensoKishi is pleased to announce that the MV (Metaverse) token has been listed on QuickSwap (a decentralized exchange) at 10:00 UTC on January 29, 2022. GENSOKISHI Online, is a GameFi project that evolves from an award winning Nintendo Switch/PS4 game called “Elemental Knights”, that has been vigorously played for 13 years …

Solana’s Phantom Raises $109 Million in a Series B Fundraise Obtaining Unicorn Status

On Monday, the team behind the Solana Web3 wallet platform Phantom announced it had raised $109 million in a Series B fundraise. The crypto company is now a Unicorn with a post valuation of $1.2 billion in value. Solana Web3 Wallet Phantom Raises $109 Million The Phantom wallet team has raised $109 million in a …

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