Poor management and a lack of liquidity were found to be major factors in the demise of Signature Bank. FDIC chairman Martin Gruenberg, on the other hand, thinks the bank should have known better about the dangers involved with cryptocurrencies or it would not have fallen so quickly. Gruenberg brought
May 17, 2023 1 min read
Mattel, the legendary toy manufacturer, will release the newest version of its Hot Wheels NFT Garage Series. Based on the worldwide blockbuster series on May 22. Coinciding with the premiere of the eighth installment of the Fast & Furious film franchise. Cars from the movies, such as Suki’s (Devon Aoki,
May 17, 2023 1 min read
Lido, one of the leading liquid staking platforms, now allows users to withdraw ETH that has been staked. The change occurred on May 15 when Lido released the V2 update to the mainnet. This is the biggest protocol improvement to date, and it consists of two parts. The most noticeable
May 16, 2023 1 min read
DFLunc, a popular new Terra Classic project, has burnt over 1.6 Billion LUNC tokens in only two weeks thanks to its huge LUNC burn mechanism. In April, the DeFi protocol was released with the intention of burning billions of LUNC tokens at once, which would reduce the inflated circulating supply.
May 16, 2023 2 mins read
The Securities and Exchange Commission (SEC) recently made headlines when it urged a New Hampshire court to reduce the fines levied on LBRY, the decentralized content platform best known for its video-sharing platform Odysee. The New Hampshire District Court ruled in November 2022 that LBRY owed the SEC $22 million
May 15, 2023 1 min read
OpenAI’s ChatGPT, an artificial intelligence (AI) platform, entered the market in November 2022 and immediately caused widespread upheaval. OpenAI’s CEO, Sam Altman, is trying to disrupt the cryptocurrency sector now that large IT giants are making attempts to adapt to this technology. As per reports, Sam Altman is actively seeking
May 15, 2023 2 mins read
On Thursday Hydra Head, a scaling solution designed to speed up Cardano blockchain transactions went live on the mainnet. Some in the Cardano community saw this as cause for renewed hope, saying the network could handle 1 million TPS. This launch follows a string of other Cardano enhancements this year
May 14, 2023 2 mins read
Elon Musk, indirectly mentioned Pepe Coin in a joke just as the crypto market was debating whether the current meme coin season had reached its height. This happened only a few hours after Musk announced that Linda Yaccarino would be taking over as Twitter’s CEO. She plans to give her
May 14, 2023 2 mins read
Ubisoft has been the most prolific video game publisher on the Web3, and the developers of the Far Cry and Just Dance series are expanding into NFT with the enormously successful Assassin’s Creed franchise. Assassin’s Creed Smart collectibles are a collaboration between Integral Reality Labs and Ubisoft. And they consist
May 13, 2023 1 min read
According to El Salvador’s minister of tourism, the nation is seeing an all-time high in the number of visitors. The statement is part of a larger PR push by the Central American nation to change its image from one of a lawless backwater to that of a Bitcoin and surf
May 13, 2023 2 mins read
