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Search Results for: crypto adoption

Jack Dorsey’s Block Inc Registers $1.5B in Q2 Profits

The American-based Block Inc, reports $1.5B in Q2 profits. The firm generated only $41 million, through the BTC trading service. The digital payments company, Block Inc., formerly Square, has released its Q2 result. The financial service, owned by former Twitter CEO, Jack Dorsey saw its year-over-year (YoY) profits jump 29%

August 5, 2022 1 min read

Cardano Is Now Available in Sygnum’s Bank-Grade Staking Offer

 ADA also added to Sygnum’s bank-grade staking offer along with ETH, ICP & XTZ. With the new service, Sygnum bank’s customers can earn staking rewards. According to the latest announcement from Switzerland-based digital asset bank, Sygnum, the bank has added ADA, the native cryptocurrency of the Cardano blockchain, to its

August 2, 2022 2 mins read

AAX Exchange Sponsors Blockchain Economy Istanbul Summit 2022

The Blockchain Economy Istanbul Summit 2022, the biggest blockchain event in Eurasia and a vital gathering point for the world’s leading crypto firms and entrepreneurs, is thrilled to have AAX as a Featured Sponsor. While thousands of visitors are expected to arrive in Turkey over the next several days, AAX

August 1, 2022 3 mins read

Hong Kong-based University Announces Metaverse Campus Launch

Institutions are discovering new uses for metaverse environments and gradually incorporating them into their daily operations. The Hong Kong University of Science and Technology (HKUST) has unveiled plans to merge its two campuses into a single virtual world. A new program, Metahkust, will allow university students from all over the

August 1, 2022 2 mins read

Cardano Stablecoin Djed Mainnet Deployment Delayed

Vasil update planned for the end of this month has been pushed off for few more weeks. Until the Vasil update is live, COTI says, the Djed mainnet rollout will be on hold. COTI, a major enterprise-grade financial organization, has given an update on Cardano’s stablecoin Djed deployment on the

July 31, 2022 2 mins read

Israel Restricts Cash Transactions Above $4,400 From August 1

These quantities are lower than Israel’s prior 2019 transaction restrictions. Violators might face fines of 15% to 25% of the money involved. Citizens of Israel will be unable to utilize cash for transactions greater than $4,400, depending on the company they are dealing with, beginning Monday. Israel is increasing its

July 30, 2022 2 mins read

Algorand CEO Steven Kokinos Steps Down, Interim CEO Announced

Sean Ford, currently the Algorand COO, has been designated interim CEO. FIFA has appointed Algorand its official cryptocurrency sponsor. Steven Kokinos, the CEO of Algorand who joined the company in 2018 after creating the software development company Fuze, left in order to pursue “other interests,” although he intends to stay

July 28, 2022 2 mins read

Metaverse Unit of Meta Records $2.8B Loss in Q2 2022 Report

During the first three months of the year, this division earned $695 million. Zuckerberg has been promoting interoperability for the metaverse. The virtual reality and metaverse section of Meta’s (Facebook) Reality Labs, overseen by Mark Zuckerberg, suffered $2.8 billion in losses. This was disclosed in Meta’s second quarter 2022 earnings

July 28, 2022 2 mins read

The New Era NFT Project on Ethereum Blockchain

In August 2022, a new era of the NFT project Kryptoria will start to mint on Ethereum. It will be the first project to integrate an immersive game with tangible, and holders can get long-term benefits from the project. Founders, Thomas McAlpine, and Will Askew have chosen to forego the

July 28, 2022 2 mins read