The efforts of mainstream media to tone down the frauds perpetrated by FTX CEO Sam Bankman-Fried (SBF) did not perform well in persuading the crypto community and entrepreneurs. Instead, Tesla CEO Elon Musk’s efforts to promote Twitter as the most reliable source of information ran head-on into the disinformation campaign.
December 4, 2022 1 min read
The company behind the USDT stablecoin, Tether, has reportedly been lending its coins to consumers rather than selling them for cash, according to a new report. Tether has been criticized for its lack of openness in not publishing the exact amount of USDT reserves it has, and the report claims
December 2, 2022 1 min read
As a result of the recent assault on Ankr, Binance has temporarily suspended withdrawals, as revealed by CEO Changpeng Zhao. Staking tokens on a proof-of-stake network is a breeze with Ankr since the service acts as a distributed node operator, eliminating the need for customers to invest in hardware. The
December 2, 2022 1 min read
After losing a battle with the SEC earlier this month, the business behind the blockchain publishing platform LBRY published a heartfelt tweet yesterday. Tweets sent by LBRY, Inc. on Monday said that the company had been “killed by legal and SEC debts.” A follow-up tweet from the firm clarified that
December 1, 2022 2 mins read
Tokenization of assets is “the next generation for markets,” BlackRock CEO Larry Fink has remarked. Tokenization is a term used in the blockchain industry to describe the process of creating a digital token on the blockchain that represents an asset and verifies its ownership and transaction history. With this method,
December 1, 2022 2 mins read
The Terra Classic community plans to burn a large number of LUNC tokens in order to decrease the token’s supply and boost its price. After Terra Rebels increased the burn rate with the v22 update, staking, and the 1.2% burn tax, the community has burnt almost 29 billion LUNC tokens
November 29, 2022 1 min read
Glip, a company based in India that offers a global web3 game discovery and wallet app, raised $2.5 million in a round-headed by Hashed Emergent and included participation from Beenext and existing investor Prime Venture Partners. Axie Infinity, League of Kingdoms, and KOF Arena from Netmarble are just a few
November 29, 2022 3 mins read
Game7, a Web3 gaming DAO, launched a grant programme with a $100 million allocation. Funding such as this is intended to encourage developers to improve and expand the infrastructure necessary for Web3 gaming. According to a recent tweet from crypto and blockchain analyst WuBlockchain. The DAO plans to enhance smart
November 28, 2022 2 mins read
Meta was fined by Irish data protection authorities for how it handled client information. The investigation that resulted in the €265 million fine (Approx $277) was conducted by the Irish Data Protection Commission. An examination of the online dissemination of sensitive information on 500 million Facebook and Instagram users was
November 28, 2022 1 min read
Vladimir Putin, President of Russia, agrees that a new digital payment system is needed for global settlements. According to proponents of the new payment system, no banks nor third parties are necessary to process transactions. This information was leaked to the public by one of the regional media outlets. Distributed
November 27, 2022 1 min read
