Fri, March 29

Metaverse Could Possibly Bring in $5 Trillion by 2030 as per Mckinsey

While enthusiasm for new crypto sub-ecosystems like NFTs was dampened by the 2022 bear market. The Metaverse is still set up for long-term upheaval. McKinsey & Company estimates that the metaverse might be worth up to $5 trillion by 2030. Because of the wide variety of consumer and business-focused use

January 7, 2023 1 min read

New Deadline For Repayments Registration Revealed For Mt. Gox Creditors

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

Indian Music Legend AR Rahman Launches Metaverse Platform

AR Rahman, a world-famous musician and music director, turned 56 on Friday. On the occasion of his birthday party, Oscar-winning composer AR Rahman announced the release of his metaverse platform “Katraar.” Moreover, he shared the clip across his various social media platforms with a witty remark. The famous artist is

January 7, 2023 2 mins read

Moody’s Downgrades Struggling Silvergate Ratings Adding Further Woes

Moody’s downgrade and Ark Invest selling off of Silvergate Bank’s shares indicate deteriorating conditions at the financial institution. There was a run on the bank and it has been linked to the FTX crash. Ark Invest, Cathie Wood’s investment vehicle, reportedly sold more than 400,000 shares of parent firm Silvergate

January 7, 2023 1 min read

y00ts NFT Received $3 Million by Polygon To Migrate From Solana

With the help of a $3 million grant, DeLabs, the company behind the popular Solana NFT collections DeGods and y00ts, migrated y00ts to the Ethereum sidechain Polygon. Frank (aka Rohun Vora), the company’s founder, said in a Discord post that the money will be used for recruiting and the establishment

January 7, 2023 1 min read

Justin Sun Transfers $100M Stablecoins to Huobi Amid Large Withdrawals

After hearing that the crypto exchange Huobi was laying off workers, Tron founder Justin Sun shifted $100 million worth of his stablecoins to the exchange. Nansen’s analysis of the blockchain shows that the funds were transferred from Binance to Huobi, a cryptocurrency exchange in which Sun has a controlling share.

January 7, 2023 1 min read

NFT Marketplace SuperRare Lays Off Staff After Over Hiring

SuperRare, a Non-Fungible Token (NFT) marketplace, has declared a 30% workforce reduction. The curated NFT firm CEO John Crain revealed the 30% layoff on his Twitter account by posting a screenshot on January 7.  Crain claimed in a statement shared on Twitter that the firm had to shoot up rapid

January 7, 2023 2 mins read

Juno Advises Users For Self-custody Citing Custodian Partner Issues

In light of the “uncertainty” between Juno and its partner, the cryptocurrency business urged its customers to move their funds to self-custody wallets or liquidate them for fiat money. To address the problems, the corporation will bring in a new partner. Juno recently tweeted that its custody partner has been

January 6, 2023 2 mins read

Grayscale Removes Avalanche (AVAX) Token From Portfolio

After the Grayscale Digital Large Cap Fund liquidated its investment in the Avalanche network on Thursday, the AVAX token dropped by around 3% on Friday. On Friday morning, Grayscale filed a notice with the SEC detailing the rebalancing, explaining that it had “adjusted the fund’s portfolio by selling Avalanche (“AVAX”)

January 6, 2023 1 min read

Blockchain Association of Singapore Disagrees With Ban on Lending Tokens

The Central Bank of Singapore has previously advocated prohibiting crypto companies from lending their retail clients’ digital tokens. One of the most influential cryptocurrency advocacy groups in Singapore, the Blockchain Association, has spoken out against this idea, calling it “overly restrictive.” To them, the idea to outlaw all crypto companies

January 6, 2023 2 mins read