According to an exclusive report by MarketWatch, Farfetch will start accepting Bitcoin and other cryptocurrency payments on its marketplace. The move marks a major validation for the industry from a leading luxury brand. Farfetch Accepting Crypto Initially, the retailer plans to pilot with high-end private clients at European stores located in Paris, London, Milan, and...Read More
VeChain – the layer one blockchain focusing on sustainability and logistics – has formed a partnership with the Ultimate Fighting Championship (UFC). The network will be integrated into a series of live events and media channels by the world-renowned mixed martial arts organization. VeChain-branded assets will debut this Saturday, June 11, at the Singapore Indoor...Read More
Terra’s ecosystem had roughly 15% of the DeFi market share before its collapse last month. According to DeFiLlama data, this makes it the second-largest hub for all decentralized finance. But after a $40 billion network goes bankrupt, where do the investors flee? When Terra was still alive and active on May 6, Ethereum had 55%...Read More
Crypto firm Blockchain.com will let its users claim free “.blockchain” domain names supported by Unstoppable Domains, the company announced on Friday. The new option came as a potential challenge to Ethereum Name Service. Readable Crypto Addresses According to the crypto exchange’s official blog post, the newly unveiled feature will allow 82 million registered users to...Read More
The overall market structure has shifted to the downside, with no clear signs of a likely trend reversal. In the early hours of today’s trading, Ethereum fell to $1,462, its lowest level since January 2021, indicating yet another evidence of a bear market. Amid the bearish market sentiments, hundreds of thousands of crypto traders are...Read More
The largest stock exchange in Nigeria – Nigerian Exchange Ltd. – will reportedly roll out a blockchain-enabled trading platform next year to facilitate the capital market and attract young investors. The main application of the distributed-ledger technology will be in trade settlements, the company revealed. According to Bloomberg, the exchange will partner up with a...Read More
The Bitcoin and Ethereum price continues to face bearish pressure as the global cryptocurrency market shows a 4.55% decline in the past 24 hours. The BTC price is down over 4%, currently trading at $27.6k, and ETH is down 6.87%, currently trading at $1.4k. Surprisingly, Terra 2.0 (LUNA) price managed to gain 4% today as...Read More
Blockware Solutions – a blockchain infrastructure and Bitcoin mining firm – has released a report analyzing the pace of Bitcoin’s adoption, and what to expect going forwards. The firm’s analysis calls for a minimum of 1 billion Bitcoin users, with a predicted 10% of the world using the network by 2030. The Math of Bitcoin’s...Read More
The founder and CEO of Terra, Do Kwon, has refuted recent claims that he has cashed out a whopping $2.7 billion before the fiasco that led to UST losing peg and LUNA crashing to $0. Well-known anonymous Twitter account FatManTerra made another massive allegation yesterday, arguing that Do Kwon, the founder, and CEO of Terra, cashed out...Read More
The crypto market has entered a new bear market after losing $500 billion. A bear market is described as a sustained downturn in asset prices that causes a portfolio to lose value. In a bear market, supply frequently exceeds demand because investors sell losing assets to avoid further price drops. Since July of last year,...Read More
The adverse price developments in the cryptocurrency space only intensified in the past 24 hours, with new weekly, monthly, and even yearly lows registered from many altcoins. With double-digit drops evident across many charts, it’s no wonder that the daily liquidations have shot up above $500 million. It’s safe to say that the crypto market...Read More
73% of merchants plan on internally integrating crypto payment within the next three years, a recently published survey has shown. Additionally, over 50% of large retailers (those with revenues of $500M+) are now spending at least $1 million to build crypto payment infrastructures. Entitled “Merchants Getting Ready for Crypto,” the study was conducted by auditing...Read More
