Indian crypto exchange WazirX has wound up its NFT marketplace operations with immediate effect. Currently, the WazirX NFT site displays a message to this effect. WazirX NFT Sunsetted “The WazirX NFT marketplace has been sunsetted. You can still trade your NFTs on OpenSea,” the message reads. In a statement on its site, Wazir said despite creating a...Read More
Coinbase launched its own Layer-2 blockchain yesterday, built in collaboration with Optimism in its OP stack. The new Layer-2 blockchain, named Base, will host many of Coinbase’s on-chain products and offer EVMs at low costs to developers. Piggybacking on Recent News Unfortunately, opportunistic bad actors are once again trying to make a quick buck off...Read More
U.S. President Joe Biden nominated Ajay Banga to be the new leader of the World Bank – an executive who’s been critical of the crypto industry in the past. Banga is expected to take over David Malpass as president by May. The New World Bank President As detailed in a White House statement on Thursday,...Read More
The reality TV star – Kim Kardashian, the boxing legend – Floyd Mayweather, and other celebrities filed a motion to a California federal judge, asking their renewed EMAX lawsuit to be removed. The magistrates dropped a similar indictment against the defendants in December last year. Urging for a Dismissal Kim Kardashian, Floyd Mayweather, Paul Pierce,...Read More
Bitcoin wallet service provider BlueWallet has decided to shut down Lndhub.io, a Lightning Network node on the Bitcoin Network used to store and trade satoshis (sats) – the smallest denomination of the primary cryptocurrency. The Lightning Network is a layer-2 protocol layered on the Bitcoin protocol, used to process micropayments among participating nodes to facilitate...Read More
Positive market sentiment can be seen in 2023 as Bitcoin’s price has increased from $16,500 to $24,500 since the beginning of the year. The present market has prompted one prominent cryptocurrency trader and analyst to share his bullish outlook on Bitcoin (BTC) as the flagship cryptocurrency attempts to break above its resistance level of $25,000....Read More
The XRP market continues consolidating in a wedge formation with a horizontal base since hitting 2022’s rock bottom in June. With the bulls unable to convert the multi-week resistance trendline to a support level, a possible price correction is looming in the coming weeks. Moreover, the SEC seems to be gaining ground over crypto regulations...Read More
Following the most recent crackdown by the US Securities and Exchange Commission against several crypto companies, Jeremy Allaire opined that the agency is not the best fit to oversee stablecoins in particular. He believes these assets are part of the banking sector, thus, they need to be regulated by another watchdog in the States. The...Read More
[PRESS RELEASE – New York, United States, 23rd February 2023] Following exciting Maison Hennessy Web3 projects last year, including its first NFT-connected bottle and launch of Cafe 11 social club in partnership with Friends with Benefits DAO, Hennessy introduces H3NSY with a new brand mark, website and Twitter handle dedicated to the brand’s Web3 ventures...Read More
[PRESS RELEASE – Zurg, Switzerland, 23rd February 2023] A fork of Bitcoin, known as Particl, has announced the completion of an eBay-style marketplace that’s been integrated into its wallet. Built using blockchain smart contracts, the marketplace is derived from an original concept first proposed by Satoshi Nakamoto. Particl’s latest release forms a trustless, unstoppable marketplace...Read More
On Feb. 23, Dapper Labs CEO Roham Gharegozlou sent a letter to the team announcing a “corporate restructure” and the layoffs. It is the second round of company layoffs following its downsizing of employees by 22% in November. Gharegozlou stated: “As part of this restructure, we have made the difficult decision to part ways with...Read More
On February 22, Republican Congressman Tom Emmer of the US House of Representatives introduced a bill to ban the Federal Reserve (Fed) from issuing a central bank digital currency (CBDC). The “CBDC Anti-Surveillance State Act” aims to protect the financial privacy of American citizens by prohibiting the creation of a CBDC by the Fed without...Read More
The Merge, executed by Ethereum last year, was widely recognized as one of the pinnacle accomplishments of the cryptocurrency sector. Ethereum had a proof-of-stake blockchain conversion as part of The Merge, changing from a proof-of-work blockchain. But there is one small problem: The Securities and Exchange Commission (SEC) recently took aggressive action against Kraken. The...Read More
Spotify is testing a new service – “token-enabled playlists” – with one of its partners to enable non-fungible token (NFT) holders to connect their wallets and access curated music. It is currently in the pilot phase. The new service was designed in partnership with the Web3 gaming ecosystem, Overlord, and involves a token-enabled community-curated playlist...Read More
