The year has been amazing for NFTs with multiple project engagements, and it keeps on getting better. sayBLOWE, the well-known blockchain platform, recently announced using Chainlink Oracle Network to create Hip Hop-related NFTs. The NFTs will be released on sayBLOWE’s new platform and are sure to generate a global buzz. The non-fungible tokens will tokenize […]
Signs the Bitcoin hashrate is starting to move away from China
The U.S. is slowly increasing its share of the Bitcoin hashrate. Although the majority of Bitcoin mining is still based in China, there are signs it is beginning to shift elsewhere. Chun Wang, the co-founder of one of Bitcoin’s largest mining pools, F2Pool, reported that China represented less than half of its hash rate during […]
Court orders Kraken to provide information on user transactions to the IRS
A court in northern California has ordered Kraken to provide info on users who traded more than $20,000 between 2016 and 2020 to the IRS. Kraken has been ordered to provide information on its users to who conducted the equivalent of $20,000 in crypto transactions in any one year, between 2016 and 2020, to the […]
Much DAO: Open DeFi unveils DAO to support the entire ecosystem
Open DeFi’s new DAO will be community governed through a governance token. Decentralized finance alliance, Open DeFi, has announced it will create a decentralized autonomous organization, or DAO, to support its vision for an open and global cross-chain DeFi ecosystem. The alliance launched in late 2020 with the goal of bringing together Western and Eastern […]
South Korean Police Raid Crypto Exchange Allegedly Involved in a $214M Multi-Level Marketing Fraud
Authorities in South Korea have launched a major raid against a domestic crypto exchange allegedly involved in a millionaire multi-level marketing (MLM) fraud. The police accuse V Global platform of running an illicit operation that reportedly stole hundreds of millions of dollars from investors. Masterminds Could Have Defrauded Over 40,000 People According to Yonhap, police […]
What Is Fueling the Dogecoin Hype?
Dogecoin (DOGE), the meme-based cryptocurrency, seems to have entered mainstream finance with ease, being the latest “hot coin” amid the crypto frenzy. (Read More)
Yearn Finance Founder Andre Cronje Set to Fight the Rug Pulled Crypto Messiah in a Dubai Boxing Match
South African crypto entrepreneur and Yearn Finance founder, Andre Cronje, is set to brawl Crypto Messiah in a physical fight at a Dubai crypto conference. The event, which has been dubbed the Cryptocurrency International boxing match, is scheduled to take place on October 15. Pledged Prize Goes to Charity According to organizers of the fight, […]
Southeast Asia’s largest bank sees tenfold crypto trading volume growth in Q1
Trading volumes on DBS Digital Exchange, an institutional crypto trading platform launched by Singapore’s largest bank DBS in December, have increased tenfold over the last quarter, DBS CEO Piyush Gupta revealed in a media briefing. “Even with the careful expansion, the first-quarter numbers have been encouraging. We have about $80 million of assets under custody […]
VanEck and BetaShares apply for Aussie crypto ETFs as family offices snap up BTC
Numerous institutional crypto product applications have been lodged as Australians buy more Bitcoin. Family offices in Australia are reportedly piling into digital assets as fund managers compete to list the country’s first cryptocurrency-backed exchange-traded fund. VanEck and BetaShares have each lodged submissions with the Australian Securities Exchange (ASX) following a rejection of industry speculation in […]
The NFL Gets a Taste of Crypto as Grayscale Partners With the New York Giants
The world’s largest cryptocurrency asset manager Grayscale Investments has announced the first partnership with a National Football League (NFL) team. Grayscale will be the official digital currency asset management partner for the New York Giants and will sponsor a number of events. Grayscale Investments Partners With the New York Giants Following a number of NBA […]