Category : Blockchain

Blockchain

NBA Top Shot Creator Dapper Labs's Flow Launches $725m Blockchain Ecosystem Fund

NBA Top Shot producer Dapper Labs has announced a $725 million eco-fund for Layer 1 blockchain platform Flow to develop its growing ecosystem. In this round of funding, investors include Andreessen Horowitz (a16z), Coatue, Union Square Ventures, Gr...

Bitcoin Miner CleanSpark Announces Second Quarter 2022 Financial Results, Beating Analyst Expectations

CleanSpark announced financial results for the second quarter of 2022, with total revenue for the quarter quadrupling year-on-year to $33.5 million and adjusted earnings before interest, taxes, depreciation (Ebitda) of $22.5 million. Both financial...

Crypto Expert Nouriel Roubini Develops Tokenized Assets, Aiming at Replacing USD

Crypto-basher economist Nouriel Roubini is developing a tokenised asset designed to counter the volatility of the U.S. dollar due to inflation, climate change, and more. to Bloomberg’s report, Roubini is developing a tokenised U.S. dollar backed b...

NEAR Foundation Sets Up a Regional Hub in Kenya, Boosting Blockchain Innovation in Africa

To trigger talent development, education, and blockchain innovation on African soil, NEAR Foundation, has launched a regional hub in Kenya in collaboration with Sankore, an African-focused blockchain community. As a Swiss non-profit in charge of th...

Analysts Suggest Crypto Price plunge Could be Start of New Market Trend

After experiencing a great plunge in the crypto market, major tokens such as Bitcoin has been rebounded slightly. Bitcoin has experienced a plunge below $30,000, a move that breached a symbolic price threshold. However, the flagship cryptocurrency...

Nous Launches World's 1st Decentralised Hedge Fund

Blockchain start-up Nous Systems has announced the launch of the world's first decentralised hedge fund built on blockchain technology. The decentralised investment platform Nous Fund is now live on the Polygon Network. Investors will be able to mi...

Bitcoin Hits a 10-Month Low of $29K, Fed’s Tightened Monetary Policy Triggers Risk-Off Approach

Bitcoin (BTC) dropped to the $29K level, a scenario not seen since July last year, as more liquidation continues engulfing the market. Even though the leading cryptocurrency had briefly dropped to $29,892, it had gained momentum to hit $32,327 duri...

Irreverent Labs Raises $40m in Funding, Led by a16z

Seattle-based startup Irreverent Labs has once again raised $40 million in funding led by Silicon Valley heavyweight investment firm Andreessen Horowitz (a16z). Irreverent Labs is building games and entertainment in which all the characters are AI-...

The Bank of Tanzania to Introduce CBDC, Strengthening Domestic Payment System

The Bank of Tanzania is actively introducing a (CBDC) to strengthen the domestic payment system. Bank of Tanzania Governor Florence Luoga in an interview on Monday in the commercial capital Dar es Salaam that Tanzania plans to follow in Nigeria's...

Galaxy Digital Loses $111.7m in Q1 as Crypto Markets Plunge

A diversified financial services firm dedicated to the digital asset, (GLXY), announced its financial results for the first quarter ended March, with a significant financial loss. The company recorded a net loss of $111.7 million due to unrealised...

Deutsche Börse Taps SEBA Bank as the New Issuer of Crypto ETNs

Deutsche Börse and SEBA Bank have formed a collaboration that has seen the digital asset bank start issuing four crypto products tradable on the electronic trading platform Xetra and via the Börse Frankfurt stock exchange for the first time. Xetra...

Over 3.4m Sweatcoin Crypto Wallets Created since Launch of SWEAT Token in April

Sweatcoin has seen the creation of over 3.4 million crypto wallets via its mobile application since the announcement of the SWEAT crypto token by the company on April 12. The total number represents an allocation of over 860 million sweatcoins and...

Crypto Market Cap Clashes over 50% to around $1.4T

The market capitalisation of cryptocurrencies has fallen more than 50% to around $1.4 trillion as the (Fed) raised interest rates by 50 basis points sparking a sell-off panic among investors. Bitcoin (BTC) tumbled to a three-month low in the Asian...

El Salvador Buys the Dip for another 500 Bitcoins

The crypto trading world is in a sell-off panic due to the Fed’s rate hike. However, some see the price slump as a major discount for accumulation and top-up packs. One of the active investors is El Salvador, where President Nayib Bukele announced...

BDSwiss Expands Crypto Offerings, Launching 9 New CFD Products

BDSwiss, a leading investment firm offering Foreign Exchange (Forex) and Contract For Difference (CFD) investment services to clients worldwide, announced on Monday that it has expanded its cryptocurrency offering with nine new CFD crypto-pairs. BD...

Brazilian E-sport's Team MIBR Partners with Bybit

Brazilian esports team MIBR has announced a partnership and sponsorship deal with crypto exchange Bybit for the next three years. This sponsorship deal is the first partnership since Bybit entered the Brazilian market. The two companies plan to co...

India to Consider Levying 28% Tax on Crypto Transaction

Through the Goods and Services Tax (GST) body, India is mulling the idea of levying a 28% tax on transactions bordering on digital currencies in the Asian nation. As by CNBC-TV18, the proposal is the brainwork of the law committee of the GST and...

Bitcoin Slumps to 3-Months Low below $30K, Bearish Shockwaves Engulfs the Market

Bitcoin (BTC) slumped to its 3-month low on Monday Asia Trading Section as investors panic sold on a sustained bearish dump-off that characterised the digital currency ecosystem over the weekend. The premier cryptocurrency to $29,961.63 during th...

Spanish LaLiga Side Espanyol to Accept Crypto Payments Next Season

The Spanish football club Espanyol is as the first LaLiga side to accept as a form of payment for some of its services. Beginning next season, fans of the football club will be able to buy tickets, food and merchandise with Bitcoin (BTC), Ethere...

Morpheus.Network Integrates with Polygon to Simplify Supply Chain Activities

Supply chain SaaS platform Morpheus.Network has announced its with Polygon, a decentralized Ethereum scaling network to simplify supply chain operations. The partnership aims to use Polygon's blockchain technology to integrate global supply chain...

Portugal Successfully Sells Real Estate With Bitcoin Payments for the First Time

A three-bedroom (two-bedroom) house in the Portuguese metropolis of Braga has been with payment received in Bitcoin () for the first time. This is the first time that an apartment has been sold in the country after it was enacted to allow real est...

Indonesia Officially Imposes 0.1% Tax and VAT on Crypto Income and Purchases

According to the Times of India, Hestu Yoga Saksama, director of tax regulations at the Ministry of Finance, has that the government has decided to impose a 0.1% tax charge on incomes emanating from the trade of digital currencies. Indonesia, South...

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