Fidelity Investments, the U.S based financial services corporation, has set out to enter the metaverse industry. According to Mike Kondoudis, a trademark attorney, the platform has recently submitted a series of trademark applications for non-fungible tokens (NFTs), NFT marketplaces, metaverse investments, virtual real estate investing, and cryptocurrency trading services. This
Japanese authorities are reevaluating their stance on a number of key regulations. Pertaining to the usage of stablecoins like Tether USDT in the cryptocurrency market. Nikkei, a Japanese news outlet, stated on December 26. That the Financial Services Agency (FSA) of Japan will allow the domestic circulation of foreign-issued stablecoins
The popularity of cryptocurrencies like Bitcoin has been rising lately all around the world. Countries of all sizes are making efforts to digitalize their economies and adopt blockchain technology and digital currencies. Several national banks are working on introducing their own stablecoins or central bank digital currencies. As of recently,
Cybercriminals successfully stole a significant amount of money from the cryptocurrency mining pool BTC.com. Client funds to the tune of $700,000 and corporate funds to the tune of $2.3 million were stolen in the assault on December 3. BIT Mining Limited, the parent company of the mining pool, made the
Solana (SOL) was one of the best performing crypto project in the market, however, SOL started losing its glaze recently. Two NFT projects of Solana namely DeGods and yOOts announced their arrival to Ethereum and Polygon respectively in the first quarter of 2023. DeGods will officially bridge to Ethereum
It’s hard to believe that 2022 is the year that saw NFTs being sold for 100s of millions and Bitcoin reach all-time highs of around 60,000 USD. While at the same time being the year that saw multiple crypto companies crumble, including the infamous collapse of FTX, and causing Bitcoin
The cryptocurrency market plummeted in real time along with the World’s economy. Although many sequential backlashes led to this downfall, this article focuses on a few that caused massive disruption. 2022 is a year of crypto adoption and unanticipated mass crypto tax regulations. Countries like Australia, Canada, Denmark, France, Germany,
Decipher 2022, a second annual gathering of the Algorand foundation held in Dubai was a massive success. The active community engagement portrayed confidence in the existing blockchain technology. The following is an exclusive interview of delegates conducted by TheNewsCrypto. About Anil Kakani Anil Kakani is the Algorand Foundation’s country head
Both versions of Defrost Finance, a decentralized leveraged trading platform built on the Avalanche blockchain, have been reported to have been hacked. This was announced after investors reported losing staked Defrost Finance (MELT) and Avalanche in their MetaMask wallets. Doran, a key member of Defrost Finance, revealed that Defrost v2
BitKeep wallet exploited of about $8 million. Users of the multichain cryptocurrency wallet BitKeep claimed on December 26 that their money had been emptied and moved without their knowledge or permission. The BitKeep team stated in their official Telegram channel that attackers have hijacked certain APK package downloads and inserted
