Blockchain Financial News

08.07 / 21:47

business Blockchain Adoption Former head of TikTok gaming leaves Web2 to build core Web3 protocol

Cointelegraph had the opportunity to chat with Jason Fung, former head of gaming at TikTok, about his new company Meta0, why he decided to make the leap into Web3 and what he feels the future has in store for him.

08.07 / 20:37

Blockchain cryptocurrency Coindesk Arrow Blockchain.com faces $270 million hit on loans to bankrupt Three Arrows - CoinDesk

Cryptocurrency exchange Blockchain.com could lose $270 million from lending to hedge fund Three Arrows Capital (3AC), which filed for bankruptcy earlier this month, CoinDesk reported on Friday.

08.07 / 16:53

Blockchain Technology Adoption Binance Binance Coin What is BNB auto-burn and how does it work?

Binance Coin (BNB) is the Binance ecosystem’s native cryptocurrency. Launched in 2017, BNB was originally presented as an ERC-20 token on the Ethereum blockchain with a total supply of 200 million. In 2019, Binance started its mainnet swap and migrated all BNB tokens to BNB Chain.

08.07 / 16:53

Government Blockchain Court rights Web3 activists fight for reproductive rights with NFTs, DAOs and protests

Web3 community members are fighting back against the United States Supreme Court’s ruling to overturn Roe v. Wade.

08.07 / 13:25

Blockchain Ethereum BTC Bitcoin Hive Blockchain Says Produced 278.5 BTC and 2,542 ETH in June

Hive Blockchain stated that it currently holds 3,239 bitcoin (BTC) and 7,667 Ethereum (ETH) after producing 278.5 BTC and 2,542 ETH in June.

08.07 / 13:07

Blockchain Social Media security phishing Phishing attacks Social media 'major Web3 pain point' as phishing attacks almost doubles: Report

As Web3 adoption goes further and more beginners enter the space, hackers are becoming more active, with more phishing attacks being recorded in the latest quarter of 2022 and social media being noted as a major platform of choice for conducting the hacks.

08.07 / 11:51

Blockchain cryptocurrency Crypto Investors Want to earn money staking on blockchains? Here’s how

After delivering multi-fold returns over the past few years, the cryptocurrency market is in a prolonged bear cycle, one that has prompted many long-term investors to question whether it is possible to generate returns from these digital assets while holding onto their positions.

08.07 / 10:35

Blockchain Crypto winter hits institutional interest, but experts predict rebirth

The recent crypto downturn may have damaged institutional investors’ confidence in the sector, but will ultimately give rise to a more grown-up industry, according to experts.

08.07 / 09:27

Blockchain Fraud Loans Nifty News: Total BAYC thefts crack $18.5 million, “Ape Now, Pay Later” loans come for NFTs and more

A Dune analytics platform user has found that more than $18.5 million worth of Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) Nonfungible tokens (NFTs) have been marked as stolen or flagged for suspicious activity on Opensea to date.

08.07 / 08:43

Blockchain Stablecoin defi lending Aave to launch overcollateralized stablecoin called GHO

Decentralized finance (DeFi) giant Aave has unveiled plans to launch an overcollateralized stablecoin called GHO, subject to the community DAO’s approval.

08.07 / 06:55

business Blockchain Law Bombshell allegations of fraud as KeyFi takes Celsius to court

Staking software and investment firm KeyFi Inc. has filed a complaint against beleaguered crypto-lending firm Celsius, alleging the company had been operating in a “Ponzi” style fashion and that it failed to honor a profit-sharing agreement “worth millions of dollars.”

08.07 / 03:25

Blockchain Ethereum Adoption Reddit Backed Reddit announces new blockchain-backed ‘Collectible Avatars’

Content aggregation, ranking, and discussion website Reddit announced a new blockchain-backed avatar system on Thursday. Though no official date was revealed, the company suggested that the avatars will be available to the general public in the next few weeks. For now, Reddit is providing first-look early access to a limited number of people who join the r/CollectibleAvatars community.

08.07 / 02:11

Blockchain Lowe's Santiment Can Cardano [ADA] see a 140% rally in a few months?

Cardano [ADA], the eighth-largest cryptocurrency, has showcased some vital signs of life in the past two weeks. Kudos to the developments across the network that really triggered investors’ confidence. However, that being said, the network’s native token, ADA, didn’t quite show the same enthusiasm.

08.07 / 02:01

business Blockchain Gaming Sky Mavis VC firm Konvoy launches new $150M fund, eyes blockchain-based games

Venture capital firm Konvoy Ventures is set to fork out at least $30 million to back various cryptocurrency and blockchain-based games.

08.07 / 00:05

markets Blockchain interview Bitcoin Bitcoin miners sell their hodlings, and ASIC prices keep dropping — What’s next for the industry?

Crypto companies are going belly up left and right, and Bitcoin mining companies also appear to be taking on water faster than they can bail. In mid-June, Compass Mining CEO Whit Gibbs and chief financial officer Jodie Fisher abruptly resigned after allegations that the Bitcoin mining hardware and hosting company had failed to pay hundreds of thousands of dollars in overdue electricity bills to Dynamics Mining, a facility provider for Compass.

08.07 / 00:05

Blockchain Technology NFT How will NFTs bridge traditional gaming with blockchain? Enjin's CTO Witek Radomski explains

When it comes to nonfungible tokens, or NFTs, the subject is often a hit or miss for traditional gamers. While some players welcome the idea of being able to trade in-game digital collectibles for real money, others lament that NFTs could potentially take away the inherent entertainment built within games. So can NFTs contribute any additional value to traditional games, other than turning them into play-to-earn "moneymakers?"

07.07 / 21:03

Blockchain defi privacy open Controversial mixer Tornado Cash open-sources UI code

Popular cryptocurrency mixer Tornado Cash has fully open-sourced its user interface (UI) code — a move its developers say fulfills their mandate of complete decentralization and transparency.

07.07 / 19:27

Blockchain Technology Ethereum defi What is SolScan and how to use it?

When you are looking for information about certain transactions or tokens on the Solana blockchain, SolScan is the tool to use for this purpose. This tool is trusted by many venture capitalists, such as Solana Ventures and Alameda Research. In addition, there are over 2 million monthly users, totaling over 180 million data requests.

07.07 / 19:21

Blockchain Reddit Bitcoin Reddit Launches NFT Avatar Marketplace, New Gaming Investments + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.

07.07 / 18:05

Blockchain BTC BLOCK Bitcoin Hashrate fall Bitcoin [BTC]’s hashrate and what its fall means for miners and their shutdown price

Cryptocurrency investors have been withdrawing Bitcoin [BTC] from cryptocurrency exchanges at themost aggressive rate in history. Here, the total exchange outflows in June peaked at 151,000 BTC, worth over $3 billion. Meanwhile, the number of active addressesplunged by 13% since November 2021. Currently, this number stood at 870,000 as of 4 July.

07.07 / 17:21

business Blockchain Bitcoin Playing it louder: Companies bring music licensing to the blockchain

While critics use the bear market as an opportunity to pounce on crypto and belittle its value, some projects take this chance to develop and launch industry-disrupting platforms on the blockchain.

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