The Ferrari racing division, known as Scuderia Ferrari, has severed ties with its cryptocurrency sponsor, joining a growing number of Formula One racing teams doing so. Ferrari lost $55 million after terminating its multi-year collaboration arrangements with Velas Blockchain and chip manufacturing giant Snapdragon in preparation for the 2023 season.
Mycelium, a Web3 ecosystem comprised of many products, recently revealed that price feed problems had caused losses in one of its liquidity pools. Additionally, the IP address of the protocol was blacklisted by the Binance API component. Team members from Mycelium issued a statement on January 7th, 2023, saying that
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
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
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
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
AAG, a provider of web3 infrastructure, has formally introduced the MetaOne® Wallet, its flagship offering. The MetaOne Wallet eliminates the need for users to remember or securely store their private keys and seed phrases, making it simpler and easier to onboard new users into the Metaverse economy. Additional user-friendly features
On Wednesday, Blockchain Protocol Algorand (ALGO) went up around 5% in the last 24 hours as per CMC, as the layer 1 technology was in the headlines for all the right reasons. Other than the news that it will be used to power Italy’s digital assurances platform last month. There
In only three months, the top Web3 game discovery app Glip has added more than 100,000 users and exceeded 1 million wallet creations. The app also detected a significant demand for Web3 gaming, which led to over 50,000 verified earners. The Web3 gaming market is expanding, but one of the
Square Enix, the creators of Final Fantasy, is doubling down on blockchain game development. The Japanese company’s president, Yosuke Matsuda, issued a letter on Jan. 1 to summarize the year’s most significant successes and outline its 2023 objectives. Square Enix is a Japanese video game development and publishing firm. The
