The popular oracle network Chainlink announced the launch of Chainlink Off-Chain Reporting (OCR) on February 24th, which is a highly anticipated upgrade that has been months in the making. Chainlink claims that OCR will not only significantly improve the efficiency of the network’s data computing but it will also reduce costs by up to 90% […]
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Jack Dorsey Doubles Down on Bitcoin With $170 Million Investment
Jack Dorsey donated 1 BTC to Bitcoin research and development center Brink as Square, the financial company he founded and directs, invest $170 million in Bitcoin. The social media company he directs made the news recently when its CFO, Ned Segal, stated that Twitter had been considering allowing its employees to ask to be paid […]
Nyan Cat NFT Sells for Over $500k as NFT Craze Continues
The Nyan Cat animation was initially uploaded to YouTube back in 2011 and achieved viral fame ever since. Now, a remastered version for its 10th anniversary has been auctioned via NFT platform Foundation for 300 Ether, about $515,817. The original video has reached over 185 million views on YouTube and spawned multiple iterations of the […]
Sandbox Game Sells Off 1,078 LANDS Within 60 Seconds
Sebastian Borget, the co-founder and COO of the TSB Gaming and developer of The Sandbox franchise tweeted late last night that they made NFT history with 1,078 LANDS being sold in less than 60 seconds to 391 unique buyers. “This is #NFT History in the making. We sold out 1,078 LANDS in less than 60 […]
HSBC To Move Corda Enterprise Blockchain To The Google Cloud
HSBC has announced it is the first financial institution to use software firm – R3s blockchain platform Corda Enterprise and move it onto Google Cloud. The multinational bank was one of the first global banks to adopt blockchain technology into its systems. HSBC, alongside ING Bank, was the first to pilot a letter of credit […]
Just 5% of finance executives are thinking about buying Bitcoin
In a recent interview on Bloomberg, Damien Vanderwilt, Co-President of Galaxy Digital talked about what he thought it would take for the world’s institutions to finally buy Bitcoin. A recent poll by Gartner reveals that only 5% of finance executives are at the thinking about it stage, so it was asked of Vanderwilt what his […]
The9 Of WOW Fame Dives Further Into Blockchain And Crypto
The9, the company which previously had the exclusive license to operate and distribute World of Warcraft in China, has established deeper roots in blockchain and cryptocurrency. The company has appointed Cai Zhifang, an early blockchain pioneer, as the CEO of NBTC Limited, a wholly-owned subsidiary of The9, to lead blockchain development cryptocurrency in their business. […]
Easyfi Network introduces Staked Derivative Assets Money Markets on Layer 2 DeFi
1st Layer 2 Lending protocol to list staked derivative assets as collaterals Easyfi Network, the universal Layer 2 DeFi lending protocol for digital assets, is introducing new collateral markets with the inclusion of multiple Staked Derivative Assets as collaterals. This makes EasyFi the first Layer 2 DeFi lending protocol to open up these new money […]
Coinbase Lists Satoshi Nakamoto As Business Risk
As Coinbase is set to officially become a publicly traded company, applying to list their class A stock on the Nasdaq Global Select Market, the cryptocurrency exchange listed several business risks in their IPO filings, the most unique of which was Satoshi Nakamoto’s existence. The identity of Satoshi Nakamoto may still be a mystery, however […]
Bitcoin suffering second big correction of 2021
Things continue to be bearish for Bitcoin as it sees nearly 2 weeks of gains wiped out in just 5 days of correction. From a high of $58,300 the price has seen a 24% drop to $44,000. A slight rally has brought the price back to $45,400 at time of writing. Only two months into the […]