Mon, October 5

FTX CEO Won’t Spend $1B on Political Races as Claimed Earlier

Sam Bankman-Fried, CEO of FTX and a crypto billionaire, made the audacious assertion in May that he will spend $1 billion or more on political contributions before the 2024 US presidential election. According to information from OpenSecrets, if Bankman-Fried had spent that much on politics in the most recent election.

October 15, 2022 1 min read

Top 3 Cryptocurrency Gainers of the Last 24 Hours

The top 3 gainers of the day are QNT, MKR, and CSPR. QNT has increased by nearly 10.24% during the last 24 hours. Let’s take a look at the top 3 gainers of the past 24 hours.  Quant (QNT) Quant (QNT) is the native token of the Quant Network, an

October 15, 2022 2 mins read

Japanese Gaming Company Konami to Enter Metaverse and Web3 Arena

To mark the 35th anniversary of Castlevania, the firm has already created an NFT collection. The development of Bandai Namco’s own multi-IP metaverse is already under way. One of the largest AAA game publishers and developers in Japan, Konami, has expressed interest in joining the metaverse and Web3 entertainment movement.

October 15, 2022 1 min read

Coinbase CEO Brian Armstrong To Sell 2% Stake Next Year

As of the 2022 proxy statement, he had a 16.1% investment in Coinbase. Shares of Coinbase (COIN) dropped by more than 8% on Friday. Brian Armstrong, CEO of Coinbase, said on Saturday that he would sell his 2% ownership in the company over the next year to fund research and

October 15, 2022 1 min read

Mango DAO Proposes $47 Million Settlement to Hacker

The assailants artificially inflated the value of their collateral and then borrowed heavily. According to the terms of the arrangement, the hacker must return $67 million in tokens. Recently, a thief made off with $100 million in cryptocurrency using an exploit in the Mango Markets platform. Mango DAO has given

October 15, 2022 1 min read

Ethereum Layer 2 Protocols Witnessing Increase in Transaction

Arbitrum and Optimism set new all-time highs on transactions in September. Ethereum (ETH) decreased by over 20% in the previous month. The Layer 2 Ethereum-based protocols Arbitrum and Optimism Transaction volume have steadily increased. In September, the total number of transactions for both protocols reached new records. Arbitrum and Optimism

October 15, 2022 1 min read

13% of Canada Citizens Hold Bitcoin (BTC) as per Report

13% of Canadians have Bitcoin, up significantly from 5% in 2018-2020. Additional research on Bitcoin has been conducted by the Bank of Canada since 2016. Key figures reflecting Canadians’ preference for crypto assets have been released by the Bank of Canada. As part of its Financial System Review. New statistics

October 15, 2022 2 mins read

Liverpool FC Launches Virtual Clothing on Meta Avatars Store

The Meta Avatars Store is a Facebook, Messenger, and Instagram digital store. Liverpool Football Club (LFC) has released a lifestyle collection under the LFC label. On Friday, the Premier League club Liverpool FC and metaverse behemoth Meta announced a collaboration to release a line of virtual clothing for Meta digital

October 14, 2022 2 mins read

Ajman Launches Government Payment Platform on the Metaverse

A Metaverse-based prototype for supplier registration was developed. The Ajman Payment Platform (AjmanPay) is the first unified platform. His Excellency Marwan Ahmed Al Ali, Director-General of the Ajman Department of Finance (ADF), launched a suite of smart services in the presence of ADF executive directors and department directors as part

October 14, 2022 2 mins read