On May 1, the company announced an addition to Sotheby’s Metaverse in the form of a “dynamic destination to collect, buy, and sell remarkable digital works.” The blockchain-based NFT marketplace will be primarily for secondary sales of digital art. According to the announcement, the marketplace will feature a rotating, curated selection of leading artists hand-picked...Read More
Move over “Shark Tank,” CoinMarketCap has teamed up with a Web3 entertainment company called Hello Labs – founded by multi-award-winning Hollywood director and producer Paul Caslin – to release a competition show designed to entertain and educate audiences across the world on the intricacies and evolving tech of the Web3 space. The new reality show...Read More
Jim Cramer, the host of CNBC’s Mad Money, has once again missed the mark with another one of his predictions for the stock and equity markets. Less than two months after calling the embattled First Republic Bank a “very good bank,” the TV personality has turned around to tell the company’s shareholders that there is...Read More
Another wave of banking fear swept the markets on Tuesday as stocks for PacWest, Western Alliance, and other financial institutions slid over 20% on the day. This comes shortly after California financial watchdogs took control of First Republic Bank on Monday, of which 84 branches will reopen under JP Morgan Chase. Another Bank Stock Selloff...Read More
MicroStrategy, an Enterprise Business Intelligence (BI) platform that provides software, cloud computing, and other services to a wide array of clients, also happens to be one of the world’s largest Bitcoin holders, with approximately 140k Bitcoin in reserves. Out-competing by HODLing The decision to purchase Bitcoin in bulk was made by then-CEO Michael Saylor in...Read More
OPNX – the project created by the defunct hedge fund Three Arrows Capital (3AC) founders – has been controversial from the very start. The exchange has now been reprimanded for conducting unregulated activity. Dubai’s Virtual Assets Regulatory Authority (VARA) has issued a written reprimand to five OPNX founders, including Kyle Davies and Su Zhu, for...Read More
Source: Venom Network Launching a testnet ahead of the Mainnet has proven to be a best practice among blockchains, allowing for stress testing, bug finding, and a deeper exploration of the user experience. Before major funds (either fiat or cryptocurrency) are deposited from the community, it is important to refine the chain to ensure that...Read More
The leading cryptocurrency exchange Coinbase announced the launch of a Bermuda-based marketplace that will serve non-US institutional users, according to a recent report. The company has been eyeing other countries to relocate recently due to the regulatory hurdles in America. CEO Brian Armstrong held discussions with the authorities of Britain in April, suggesting that the...Read More
[PRESS RELEASE – Please Read Disclaimer] Tykhe Block Ventures, a USA-based Venture Capital firm, has announced the first close of its Blockchain Growth Fund. The first close was led by a clutch of UHNWIs and Family Offices operating in South-East Asia & Middle East. The firm has also committed that approximately $10 Mn of the...Read More
The world’s largest cryptocurrency exchange – Binance – claimed that someone had used ChatGPT to present Changpeng Zhao (CEO of the company) as an official in the Chinese Communist Party. Some experts have warned that the recent development in the Artificial Intelligence (AI) field could have a disruptive effect on journalism. Others alerted that ChatGPT...Read More
PEPE Coin, as the name suggests, is inspired by the popular meme character, Pepe the Frog. It is a deflationary memecoin launched on the Ethereum blockchain. The coin has gained some popularity among meme enthusiasts and has a strong community following. Starting tomorrow, 3 May 2023 at 04:00 UTC, BitMEX traders will be able to long...Read More
Fresh trouble brews in for Coinbase as a lawsuit alleges that top leadership of the crypto exchange sold stock using inside information and dodged massive losses. Coinbase’s Chief Executive Officer Brian Armstrong, board member Marc Andreessen, and other officers are being accused of avoiding losses of over $1 billion with the help of inside information...Read More
ripple vs sec Attorney John Deaton took to his Twitter handle on Tuesday and addressed the question of why and how Ripple would settle if they win their ongoing legal battle. Deaton has been a vocal advocate for XRP and has argued that the SEC’s actions have harmed XRP investors and the broader crypto industry....Read More
Poloniex LLC, an entity once connected to the Justin Sun-founded crypto exchange, reached a settlement agreement with the Treasury Department to pay over $7 million for alleged sanctions violations. As announced by the Office of Foreign Assets Control on Monday, Poloniex agreed to pay $7,591,630 for violating sanctions against Crimea, Cuba, Iran, Sudan, and Syria...Read More
On Tuesday, 9 May 2023 at 12:00 UTC, we will delist 4 perpetual swap contracts. Please see the list below. The contracts will be settled early at 12:00 UTC on 9 May 2023 ( “Tsettle”), according to the standard practice described in our Exchange Guide. Contract to be delisted Settlement Price APTUSDT .BAPTT30M CROUSDT .BCROT30M...Read More
