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Imran

A diploma graduate who is passionate about digital currency and loves writing. He loves the concept of crypto and keeps himself up to date with the latest development and news of the crypto world.

Posts by Imran

Ukraine Museum Raises $1 Million from NFT to Shield Army

Sale of Donated CryptoPunk NFT Brings $100K For Ukraine’s Military Effort

Donations were made in March to the Ukrainian crypto fund with CryptoPunk #5364. The NFT was sold to an unidentified bidder for 90 ETH on Thursday. Over $100,000 has been collected for Ukraine’s military effort against Russia via the sale of a donated CryptoPunk NFT, the government of Ukraine stated.

June 21, 2022 2 mins read
Crypto Market Intelligence Portal Initiative Launch Announced by BIS

Crypto Market Intelligence Portal Initiative Launch Announced by BIS

Eurosystem Centre will examine various cryptographic options and evaluate them. The BIS Innovation Hub’s Hong Kong Centre will engage with the UNFCCC. BIS is launching a cryptocurrency market intelligence portal as part of the Eurosystem Centre initiative. Traditional and crypto payments are being targeted by a new set of BIS

June 20, 2022 2 mins read
Tech Behemoth Microsoft Bans Crypto Mining on Cloud Platform

Iran Decides To Cut Power Supply For Crypto Mining Activities

Iranian authorities issued permits to 1,000 crypto miners in January this year. It was estimated that illicit miners used roughly 600 megawatts of electricity. The Iranian Ministry has decided Energy curtail the energy supplied to the country’s officially recognized crypto mining operations. According to Tehran Times, this decision will come

June 20, 2022 1 min read
Ripple Announced Hackathon Contest With Over $190k in Prizes

Ripple Enters Partnership With FLUF World to Create an ‘Open Metaverse’

Bridges to the XRPL and ETH networks will also be supported by the Root Network. Root Network’s multi-token network uses XRP as the underlying asset. With FLUF World, a worldwide creative community and NFT collectibles ecosystem, Ripple has announced the establishment of a decentralized blockchain network called the Root Network.

June 18, 2022 2 mins read

Immutable Announces $500M Fund to Accelerate Adoption of Web3 Initiatives

The capital would be utilized for creating web3 games and NFT-focused businesses. A 10% annual increase in the gaming industry’s market supports the idea. A new $500 million ecosystem development fund has been unveiled by Immutable, the leading NFT and gaming-focused crypto firm, in order to spur the adoption of

June 18, 2022 2 mins read
Twitter Reports $270 Million Loss in Q2 Amid Elon Musk Controversy

Elon Musk Backs Integrating Digital Payments Into Twitter Platform

Users now have access to an NFT display picture function. Elon Musk wants to acquire Twitter and implement free expression on the network. Elon Musk, CEO of Tesla and SpaceX, said during a virtual town hall meeting that integrating digital payments on Twitter to move money back and forth makes

June 17, 2022 1 min read

Premium Watch Brand Tag Heuer Launches Smartwatch With NFT Display

The corporation began accepting crypto payments on the US website recently. Apple’s App Store and Google’s Play Store are expected to provide a free update. Users of premium watch brand Tag Heuer may now showcase their NFT collection through a new smartwatch function characteristic of such devices. Tag Heuer has

June 17, 2022 2 mins read
Solana Yield Manager 'Texture' Secures $5 Million

DeFi Watch announces a new asset transfer service – Bridges

Sometimes you need to exchange tokens from one chain to another. But it’s hard to pick them quickly, because there are so many blockchains and bridges for them, and the probability of getting into a scam bridge is very high. DeFi.Watch added a new service: it’s called Bridges. You are

June 16, 2022 1 min read
Yahoo_launching_Metaverse_events_for_Hong_Kong_residents_under_restrictions

Yahoo Announces Metaverse Events For Confined Hong Kong Residents

Metaverse-related spending is predicted to reach about $5 trillion by 2030. The Decentraland (MANA) is up 7% in the previous 24 hours. A day after Meta Platforms unveiled its own metaverse intentions for the region; Yahoo launched several Metaverse and non-fungible token (NFT) related initiatives in Hong Kong. Residents can

June 16, 2022 1 min read
The-Federal-Reserve-has-raised-interest-rates-by-0.75

Federal Reserve Interest Rates Hike by 0.75% Dampen Bitcoin Recovery Further

For the economy to go forward, Powell said that inflation has to level off. Michael Saylor has justified the company’s choice to invest in Bitcoin. With an increase of 0.75 percent, the Federal Reserve raised interest rates to their highest level since 1994. The move to raise interest rates was

June 16, 2022 2 mins read
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