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Search Results for: blockchain

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

Mastercard announces Web3 spotlight program to develop & launch emerging musical artists in the digital economy

The Mastercard Artist Accelerator will harness Web3 technologies on the Polygon blockchain, forging new territory by connecting artists with mentors and fans in an exclusive development program LAS VEGAS–(BUSINESS WIRE)–#Web3–Today, Mastercard extended its growing music footprint with the launch of the Web3-based Mastercard Artist Accelerator program. Web3’s capabilities have the

January 6, 2023 5 mins read

Huobi Witnesses $61 Million Net Outflows in 24 Hours

Net withdrawals from Huobi Global were $60.9 million in under 24 hours. An increase in withdrawals was seen when rumors on social media circulated that Huobi was firing off personnel. Today, Justin Sun said that 20% of Huobi’s workforce will be terminated. Large amounts of USDT, USDC, and ETH are

January 6, 2023 1 min read

ROCK Robotic Announces ROCK Base, a 1,400-Channel Triple-Frequency RTK Base Station

ROCK Robotic also joins the Web3 GEODNET initiative as a high-definition mapping ecosystem partner LAS VEGAS–(BUSINESS WIRE)–#GNSS–ROCK Robotic announced the availability of ROCK Base, a state-of-the-art, triple-band multi-constellation RTK/GNSS base station. ROCK has also joined the Web3 GEODNET initiative, the world’s largest decentralized GNSS reference network. The combined solution will

January 6, 2023 2 mins read

MetaMask Disrupts Crypto Payment Services With Wyre 

MetaMask is a decentralized, non-custodial mobile digital wallet which enables users to store, buy, send, convert, and swap crypto assets. The crypto wallet is built on Ethereum blockchain and ranks top for popularly used crypto applications in the world.  Further, to take a deep dive into the matter, Wyre is

January 6, 2023 1 min read

Creator of Mutant Ape Planet Arrested Over Rug and Pull Scam

Mutant Ape Planet, the creator of a Mutant Ape Yacht Club rip-off line, has been detained in New York and accused of running a rug pull scam to swindle investors out of $2.9 million. On January 4, a homeland security agent named Ivan J. Arvelo arrested a French citizen named

January 6, 2023 2 mins read

How To Get Passive Income Using NFT Photography Platforms?

NFT Photography Platforms are quickly gaining popularity and becoming a favorite option for photographers to monetize their work. That’s because NFTs (Non-Fungible Tokens) are digital assets that can be bought and sold on blockchain-based platforms. They are one-of-a-kind assets owned by the individual who purchased them. They are not interchangeable

January 6, 2023 4 mins read

Binance’s BUSD Mass Burn on Paxos

The world’s largest cryptocurrency exchange Binance’s partner Paxos burned 61,634908 Binance USD, which is worth over $61665725.45. Binance USD, also known as BUSD. The Paxos Trust Company, a financial technology company with headquarters in New York, issues BUSD under the Binance brand. It is anchored to the $1 price principally by

January 6, 2023 1 min read

Silvergate Layoffs 200 Employees Following FTX Domino Effect

Officially announcing the acquisition of Diem Group, a Facebook-affiliated firm, and its intellectual property and other technology assets essential to run the blockchain-based payment system, Silvergate made the deal public in February of last year. In 2021, Facebook stopped working on its digital currency project because of intense scrutiny from

January 5, 2023 2 mins read