Crypto payment firm Bitpay has added support for the meme cryptocurrency shiba inu. Following Bitpay’s announcement, retail giant Newegg announced that it too has begun accepting SHIB for payments. AMC Theatres is also expected to begin accepting SHIB soon. Meanwhile, a petition for the popular trading platform Robinhood to list shiba inu crypto has garnered …
Tag archives: Bitcoin
Financial Adviser Warns Crypto Is ‘One of the Biggest Bubbles Ever’ — Says ‘It’s Going to Be Ugly’
The president of Payne Capital Management has warned that crypto is “one of the biggest bubbles ever.” Stressing that the crypto market is “becoming a bigger and bigger casino,” he predicts that the bubble will eventually burst and “It’s going to be ugly.” Crypto Is a Big Bubble Waiting to Burst, According to the Financial …
This mobile gaming platform is launching a charity eSports tournament
MegaFans, a California-based mobile gaming company, successfully launched a charity event designed to support CodetoInsipire.org, the first coding school for women in Afghanistan. The event consisted of a play-to-earn tournament that used donated NFTs and crypto prizes to entice gamers to participate in a fundraising event. Mobile gaming platform used for charitable causes According to …
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Cardano ERC-20 converter is now available on testnet
Following delays to the ERC-20 converter, Cardano developers Input Output (IO) announced this week that the testnet version is now live. The first ERC-20 token to get the converter treatment is SingularityNet’s $AGI, which IO was keen to stress can now take advantage of lower fees, higher transaction capacity, and enhanced security. Interoperability between different …
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“Decentralized” exchange dYdX suffers outage
While crypto enthusiasts would want the world to believe that projects in the space, especially those in decentralized finance (DeFi) have little to no use for centralized intermediaries, the recent outage of one of Amazon’s server in US-East-1 region has again brought the question “how decentralized are decentralized finance projects?” to the fore again. dYdX …
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Community criticism forces OpenSea to shelve plan of going public
Earlier this week, the newly appointed CFO of the leading NFT marketplace, OpenSea, Brian Roberts, hinted that the crypto startup could be looking to raise new funds through an initial public offering (IPO). However, this revelation received a lot of backlash from the crypto community who felt betrayed by the thoughts of the NFT marketplace …
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CFTC Commissioner Opposes Regulation by Enforcement, Says Crypto Needs Clearer Rules
A commissioner with the Commodity Futures Trading Commission (CFTC), Dawn Stump, has voiced concerns about cryptocurrency regulation through enforcement — the approach taken by both the CFTC and the U.S. Securities and Exchange Commission (SEC). CFTC Commissioner Stump on Crypto Regulation CFTC Commissioner Dawn Stump has raised concerns regarding the approach her agency and the …
Reddit Introduces ETH-Based Community Points Beta Program With Custom Tokens for Subreddits
The popular forum and news aggregation web portal Reddit has revealed the firm’s Community Points beta program where Reddit users can “own a piece” of their community with “custom tokens” for subreddits. Blockchain-Backed Reddit Community Points: ‘The First Step Towards a Different Future for Online Communities’ At the end of July, Reddit announced that the …
Central Banks of France, Switzerland and BIS Complete Cross-Border CBDC Trial
Bank of France, the Swiss National Bank (SNB), and the Bank for International Settlements have successfully tested the application of wholesale central bank digital currency in cross-border payments. The project used distributed ledger technology and was realized with help from private firms. France and Switzerland Explore Direct Transfer of Euro, Swiss Franc Wholesale Digital Currencies …
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Crypto firms call on U.S Congress to move with the times amid regulatory mismanagement
On Wednesday, key executives at six major crypto firms testified before the House Financial Services Committee, saying shoehorning existing rules doesn’t work. Over a near five-hour stint, representatives from Coinbase, Circle, FTX, Bitfury, Paxos, and Stellar fielded questions to educate lawmakers on understanding the intricacies of cryptocurrency, ransomware, investor protections, and banking the unbanked. But …
There’s no stopping MicroStrategy as it acquires 1,434 more Bitcoin (BTC)
Just a week after it acquired 7,002 BTC, MicroStrategy announced that it has grown its Bitcoin holdings once again. According to the latest Form 8-K document it filed with the SEC, the company purchased approximately 1,434 BTC between November 29th and December 8th. MicroStrategy makes another move in its bid to buy all the Bitcoin …
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Ledger unveils crypto-native debit card, adds support for NFTs
Hardware crypto wallet manufacturer Ledger has made a slew of announcements during the first day of its Ledger Op3n conference in Paris, including the upcoming launch of its brand new crypto-linked debit card and support for non-fungible tokens (NFTs). Dubbed “Crypto Life,” the new debit card is powered by Ledger’s technology and will allow holders …
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Community incubator Launchpool Labs announces first metaverse engine incubated project Ozone Metaverse
“The market opportunity for bringing the Metaverse to life may be worth over $1 trillion in annual revenue and may compete with Web 2.0 companies worth ~$15 trillion in market value today.” – Grayscale Metaverse report. Have you heard about virtual real estate in #Decentraland recently? Takeaways from Grayscale’s #metaverse report were mentioned in @BusinessInsider. …
Pepsi-Cola Celebrates the Soft Drink’s Birth Year With 1,893 Generative NFTs
The carbonated soft drink manufacturer Pepsi has revealed the company is stepping into the world of blockchain with its first collection of non-fungible token (NFT) assets. Pepsi introduced the “Pepsi Mic Drop” genesis NFT collection on Thursday, which features 1,893 generative NFTs on the Ethereum blockchain. Pepsi aims to create a real-time community of NFT …
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Binance Investment Director Ken Li Talks About Investing in Web3, Gaming and More Exciting Trends
Binance Labs is a chain-agnostic investor and incubator focused on supporting the global blockchain ecosystem and decentralized web. Their portfolio includes 1inch, Audius, Axie Infinity, Chiliz, Elrond, Injective, Matic / Polygon, Sandbox and Terra. Ken Li is an Investment Director at Binance Labs, with a focus on equity & token investments in Web3 social, gaming …