On Thursday, Animoca Brands, a company specializing in digital entertainment, revealed that they will be opening a private club in Los Angeles. Club 3 is being introduced by the Meta Hollywood partnership with the Planet Hollywood Group. Cryptocurrency and the entertainment industry both have long-standing traditions of exclusive clubs. Yuga
March 9, 2023 1 min read
Despite the fact that the Indian government and central bank have been skeptical of the cryptocurrency market, they are now striving to provide some regulatory clarity to the topic. Crypto and NFT businesses in India are considered “reporting entities” under the country’s Prevention of Money Laundering Act (PMLA), according to
March 8, 2023 1 min read
After finding multiple critical vulnerabilities, leading blockchain security company Verichains recommended companies employing Tendermint’s IAVL proof verification to safeguard their assets and reduce exploitation risks. A significant Empty Merkle Tree vulnerability in the IAVL proof on Tendermint Core, a well-known BFT consensus engine, has been disclosed by Verichains as part
March 8, 2023 2 mins read
Shibuya, a ward of Tokyo known for its commercial and financial activity, has collaborated with Astar Network, a blockchain innovation hub. As part of the pact, Astar will help promote Shibuya’s new web3 program and hold events in its favor. This collaboration between a Japanese blockchain, Astar Network and one
March 8, 2023 1 min read
Today was the first day of Federal Reserve Chair Jerome Powell’s semiannual hearing on monetary policy. Talking to a group of senators, he told them that the Fed is determined to get inflation down and would do everything it takes to make that happen. It was made quite plain by
March 7, 2023 1 min read
Bitcoin’s proof-of-work consensus mechanism has been the subject of criticism for years. It was said that the BTC mining process was hazardous to the environment since it required a lot of energy. Others have also speculated that it might have an adverse effect on the availability of various forms of
March 6, 2023 1 min read
To assist fill the void created by the closure of Silvergate Exchange Network (SEN). Payments processor BCB Group is speeding up plans to offer U.S. dollar capabilities, according to CEO Oliver von Landsberg-Sadie in an interview. In Europe, BCB is headquartered in London. And is the first cryptocurrency company to
March 6, 2023 1 min read
A copy of Multicoin Capital’s yearly investor letter revealed a 91.4% loss for the hedge fund in 2022. The fall was blamed in the letter on the tumultuous year for cryptocurrencies and the direct and indirect effects of the FTX crypto exchange’s closure. The letter stated: “While the fund successfully
March 5, 2023 2 mins read
Earlier today, PancakeSwap, a multichain Dex platform, announced the release of its third version, dubbed PancakeSwap v3. The application launch on Binance Smart Chain (BSC) is scheduled for the first week of April. Accessible via a streamlined interface, the updated software will provide users with a number of useful new
March 5, 2023 1 min read
One River Digital Asset Management is a top institutional digital asset manager and SEC-registered investment advisor, and it was recently bought by Coinbase Global Inc., the biggest cryptocurrency exchange in the United States. As a result of the purchase, One River will serve as Coinbase Asset Management’s flagship operation, advising
March 3, 2023 1 min read
