E-commerce behemoth eBay reportedly intends to leave the NFT market no later than two years after purchasing KnownOrigin, an NFT marketplace based in Manchester. Sources close to the situation have revealed that roughly 30% of eBay’s Web3 crew has been let go. There has been some upheaval in eBay’s venture
February 20, 2024 1 min read
For a digital asset on- and off-ramp solution, crypto exchange Backpack teamed up with Banxa, a worldwide crypto on-ramp provider. Banxa announced on twitter on February 19 that the new on-ramp solution would be available to backpack users in more than 130 countries. The developers of Solana’s executable collection of
February 19, 2024 1 min read
Ethereum co-founder Vitalik Buterin recently wrote a post on AI and its crypto applications, which led to a price spike for ETH. Buterin has been discussing the benefits and drawbacks of artificial intelligence (AI) lately. He recently discussed the intersection between crypto and AI, outlining advantages, disadvantages, and possible applications.
February 19, 2024 1 min read
A resolution prohibiting financial institutions in Honduras from dealing with cryptocurrency was issued by the National Banking and Securities Commission of Honduras (CNBS). Due to the lack of regulation, the Honduran central bank said that it is unable to guarantee cryptocurrency transactions. Users of blockchain-based financial services and cryptocurrencies may
February 17, 2024 2 mins read
The revolutionary partnership between Solana and Filecoin is a watershed moment in the history of the blockchain. They are two major players in the industry, and their collaboration heralds a new era of decentralized storage solutions. Solana and Filecoin want to change the game when it comes to blockchain data
February 17, 2024 1 min read
The increasing demand for Bitcoin from institutional traders has helped push its price beyond $52,000 in recent times. A change in investor attitude is reflected in the spike in Bitcoin’s price. Since the middle of December, Ethereum’s price has remained within a narrow range. Ethereum has made tremendous gains in
February 16, 2024 2 mins read
The Aptos Foundation unveiled their new affordable JamboPhone with built-in cryptocurrency integration on Thursday, February 15. Introducing Web3 to the growing economies of Latin America, Africa, and Asia is the driving force behind the creation of this JamboPhone. A strategic partnership between the Aptos Foundation and Jambo has been announced,
February 16, 2024 2 mins read
With a price increase that has surpassed $51,000, Bitcoin has reached its highest level since November 2021. Moreover, for the first time in more than two years, the market capitalization of Bitcoin has surpassed the sought-after $1 trillion barrier. At the same time, Ethereum has shown remarkable resilience by breaking
February 14, 2024 2 mins read
Based on data compiled by CoinGlass, the notional open interest—the monetary value embedded in the quantity of open or active bitcoin (BTC) futures contracts—has reached its highest point in 26 months. At the time of writing, Bitcoin is trading at $51,499 as per data from CoinMarketCap, while open interest in
February 14, 2024 1 min read
The Spot Ethereum ETF frenzy has begun, after the Spot Bitcoin ETF mania. Amidst the excitement around the Ether ETF, it has come to light that Kraken, the second-largest cryptocurrency exchange in the US, is considering joining the crypto ETF custodian race, similar to Coinbase. Of the eleven Spot Bitcoin
February 13, 2024 1 min read