Technology Financial News
03.12 / 23:17
business
Technology
French startup brings vintage vines to the NFT market
Many exciting developments are coming to the space of nonfungible tokens, or NFTs, ranging from Metaverse NFTs to fantasy soccer digital collectible cards and up to monster-battle NFT games. In fact, Cointelegraph Research predicts NFT sales will hit a record high of $17.7 billion this year.
03.12 / 17:05
Technology
defi
Hackers
security
Exploit
Crypto lending firm Celsius reportedly affected in BadgerDAO exploit
Cryptocurrency lending platform Celsius has reportedly lost over $50 million in the exploit of decentralized finance (DeFi) protocol BadgerDAO.
03.12 / 00:21
business
Blockchain
Technology
Adoption
First NFT-focused ETF lists on NYSE Arca
On Thursday, registered investment adviser and fintech firm Defiance announced it has launched the first nonfungible token (NFT)-focused exchange-traded fund (ETF) on the New York Stock Exchange Arca. The fund is listed under the ticker symbol NFTZ and has a management fee of 0.65% per year.
02.12 / 12:01
Technology
defi
Hackers
hacks
BadgerDAO reportedly suffers security breach and loses $10M
The BadgerDAO decentralized finance protocol appears to have suffered from a cyber attack leading to the loss of a reported $10 million at the time of writing.
02.12 / 11:47
Blockchain
Technology
Twitter
Jack Dorsey's Square changes corporate name to Block in nod to blockchain
Square, the payments company led by Twitter co-founder Jack Dorsey, said on Wednesday it was changing its name to Block Inc, as it looks to expand beyond its payment business and into new technologies like blockchain.
02.12 / 07:11
Technology
Mining
wallet
Bitcoin
In 2013, Wired destroyed the key to 13 Bitcoin now worth $760K... to make a point
There has been no shortage of people and institutions that woefully underestimated the potential of cryptocurrency.
01.12 / 17:47
business
Blockchain
Technology
Adoption
Wear-to-earn NFTs target the billion-dollar fashion industry
The rise of the Metaverse and Web 3.0 are set to disrupt multiple sectors including the billion-dollar global fashion industry. As the world moves from physical to digital, traditional fashion design can transform into virtual wearables that can be leveraged in both augmented reality (AR) and in real life.
01.12 / 01:49
business
Blockchain
Technology
Bitcoin
Deal
$3.3B Bitcoin mining company Griid to list on NYSE via SPAC deal
In a filing with the United States Securities and Exchange Commission on Tuesday, special purpose acquisition company, or SPAC, Adit EdTech Acquisition Corp, announced it would merge with Cincinnati-based Bitcoin (BTC) miner Griid at a $3.3 billion enterprise valuation. SPACs are blank check companies created for the sole purpose of acquiring other firms.
30.11 / 08:27
business
Technology
cryptocurrency
Cryptocurrency | Virtual currencies are here to stay. Astute regulation is what is required
The listing of the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 in the winter session of Parliament was not unexpected given the statements made by the policy makers, and the growth of the industry. Policy makers have considered a range of options from a total prohibition on private cryptocurrencies to their recognition as a financial asset under the supervision of the regulator.
28.11 / 15:57
Blockchain
Technology
community
New tribes of the Metaverse — Community-owned economies
People have talked in glowing tones about the transformative properties of blockchain since Satoshi Nakamoto launched Bitcoin (BTC) back in 2009 — books have been written, thousands of panels and presentations have complemented its prospects, costumed Bitcoin maximalists have flaunted their newfound wealth. Despite these commendations, the transformation has been slow.
27.11 / 20:11
Technology
Ethereum
Trading
Returns
The Holy Grail for crypto traders: Consistent average returns over 5%
If you look at crypto assets’ price movements as a series of isolated events, the picture is messy. Sure, some traders can occasionally win big off one-time events or thanks to sensing a meme-inspired trend.
26.11 / 20:13
Blockchain
Technology
Stablecoin
Adoption
Future
Stablecoin issuers poised to be banks of the future on road to adoption
There is no denying the fact that the crypto market has grown from strength to strength over the course of 2021, as is best highlighted by the total capitalization of the industry recently hitting the $3-trillion mark, albeit for a relatively brief period of time.
26.11 / 08:05
business
Technology
World
Bitcoin
El Salvador’s adoption of bitcoin a concern, says Bank of England chief Andrew Bailey
Bank of England Governor Andrew Bailey on November 25 called El Salvador’s decision to adopt Bitcoin as its currency “concerning”, adding that consumers “will probably be caught out by its volatility”, Bloomberg has reported.
25.11 / 17:47
Technology
Adoption
Charity
Crypto Thanksgiving: NFT drops and Black Friday deals go mainstream?
From the rise of the Metaverse to major brands announcing nonfungible token (NFT) drops, cryptocurrency mass adoption is well underway. Americans in particular have taken a growing interest in crypto, as recent findings from the Pew Research Center found that nearly a quarter of 10,371 adults in the United States were familiar with cryptocurrency, while only one-eighth (13%) were entirely unfamiliar with the concept.
24.11 / 22:20
Blockchain
Technology
Ethereum
supply
One million ETH worth have been burned since the implementation of EIP-1559 in August
In a Twitter post published Wednesday, blockchain research firm CryptoRank revealed that over 1 million Ether (ETH) worth $4.24 billion had been burned since the introduction of the EIP-1559 protocol in August as part of the London hard fork. The EIP-1559 protocol reformed the Ethereum fee market, modifying the limit for gas fees and introducing a burn feature that takes a portion of transaction fees on the blockchain out of circulation, to be canceled permanently.
23.11 / 20:51
business
Blockchain
Technology
Adoption
Regal to partner with Flexa to enable digital currency payments in theatres
On Tuesday morning, Regal, a movie operator of more than 500 locations and 7,000 screens in 42 states plus D.C., announced it would be partnering with digital payment network Flexa to enable its customers to pay with crypto for movie tickets, food, and beverage.
23.11 / 20:51
Blockchain
Technology
defi
How Solana and Cardano are paving new avenues for NFT growth
The term “digital ownership” has only recently come to mean anything. While nonfungible tokens (NFTs) have been around for some time now, it's in the last year or two that they've caught the attention of mainstream media. The third quarter of 2021 alone saw over $10 billion in NFT trade volume across blockchains, a substantial increase from Q2's $1.2 billion.
23.11 / 17:11
business
Blockchain
Technology
Adoption
Ontology and bloXmove to bring decentralized identity to urban transport apps
Ontology, a developer of self-sovereign identification systems on the blockchain, announced a partnership with decentralized mobility platform bloXmove on Tuesday morning in a bid to accelerate the development of its decentralized credentials. The decentralized digital identity protocol, or DID, will enable blockchain participants to share their personal information, such as a driver's license, in a private, secured, and encrypted manner.
23.11 / 13:57
Technology
Money
Indigenous
compensation
Indigenous Greenlanders demand compensation from Denmark over failed colonial experiment
Six indigenous Greenlanders who were sent to mainland Denmark as children as part of a failed social experiment are seeking compensation from the Danish State.
23.11 / 13:27
Technology
Money
Warning
COVID in Europe: Austria enters lockdown amid stark warning in Germany
COVID-19 cases are on the rise again in various parts of Europe as the cold weather has affected the spread of the virus.
23.11 / 12:41
Technology
Money
restrictions
Czechs protest restrictions on unvaccinated as cases soar
Protesters marched through the Czech capital of Prague on Monday to decry the government’s restrictions on unvaccinated people as new infections soared in the European Union nation.
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