At 11:59 p.m. UTC on January 9, Flare, the blockchain for developing apps that utilize data from other chains and the internet, successfully launched its much anticipated token airdrop. One of the greatest scale distributions in cryptocurrency history, the airdrop saw 4.279 billion Flare (FLR) tokens issued to millions of
January 10, 2023 3 mins read
On Wednesday, the U.S. Securities and Exchange Commission (SEC) said that it has filed charges against the eight people involved in the $45 million cryptocurrency Ponzi scam Coindeal. The securities commission described Coindeal as a blatant and far-reaching unregistered offering scam undertaken between at least 2018 and 2022. It was
January 8, 2023 1 min read
As of December 29th, 2021, the Mexican government has declared through social media that they will be creating their own digital peso, to be released in 2024. Recent reports from Banxico, Mexico’s central bank, suggest that this schedule is becoming unrealistic. Reports from the ground indicate that the general directorate
January 8, 2023 1 min read
Cryptocurrency miners in Kazakhstan have been subject to a progressive scale. For the calculation of their monthly power fees as of January 1. The first universal fee, implemented in the summer of 2021, was 1 Kazakhstani tenge ($0.002) per kilowatt-hour (kWh). But it may currently exceed 25 tenge (above $0.05).
January 7, 2023 1 min read
The first payback instalment from Mt. Gox has been postponed by two months, from July 31 to September 30 per a notice from the creditors. Payments will now begin on March 10th, two months later than originally planned. In addition, the January 10th deadline for submitting financial information and cryptocurrency
January 7, 2023 1 min read
Animoca Brands has scaled down its initial goal of $2 billion and will instead raise $1 billion for its metaverse investment fund in the first quarter of this year. Chairman Yat Siu of Animoca Brands told Bloomberg in a Twitter Spaces conversation: “We had initially looked at a target of
January 5, 2023 2 mins read
Financial services company Cowen’s analysts lowered their rating on cryptocurrency exchange Coinbase on Thursday. Following FTX’s demise and the general fall in trading volumes in the cryptocurrency market. Crypto firms are under closer scrutiny than ever. The price of COIN dropped by 8.89% at the time of writing, and it
January 5, 2023 2 mins read
AAG, a provider of web3 infrastructure, has formally introduced the MetaOne® Wallet, its flagship offering. The MetaOne Wallet eliminates the need for users to remember or securely store their private keys and seed phrases, making it simpler and easier to onboard new users into the Metaverse economy. Additional user-friendly features
January 5, 2023 3 mins read
In only three months, the top Web3 game discovery app Glip has added more than 100,000 users and exceeded 1 million wallet creations. The app also detected a significant demand for Web3 gaming, which led to over 50,000 verified earners. The Web3 gaming market is expanding, but one of the
January 3, 2023 2 mins read
Nikolay Shulginov, Russia’s Minister of Energy, has acknowledged the growing demand for energy from cryptocurrency miners in certain regions of Siberia. Media agencies covering cryptocurrency said that he said that more power plants may be needed to accommodate demand. Although Shulginov did not provide details. It is evident that the
January 1, 2023 2 mins read
