The company behind the formation of the ERC-1155 NFT (non-fungible token) standard, more commonly known as Enjin, has recently managed to raise $18.9 million for the purpose of launching an all-purpose NFT blockchain on Polkadot. The purpose-built blockchain for NFTs is called Efinity, and its next-generation features allow for the availability of games, enterprises, apps,…
In a recent tweet, the team at Cosmos (ATOM) announced the integration of an Inter-Blockchain communication protocol, also known as IBC, into its network system. The team is focused on solving the major scalability problems using a technique named sharding. Cosmos (ATOM) implemented the IBC protocol at the start of 2021 to establish communication and…
The rapid rise in the fortunes of the cryptocurrency market, which have contributed to its investors’ fortunes, has not excluded the crypto service firms like exchanges, who are also big beneficiaries of the booming space. Popular cryptocurrency exchange- Coinbase has been one of the most successful Blockchain-related firms in the past few years. Around last…
As per the latest reports, Tapinator has expressed its intentions of launching a non-fungible token-based new subscription casting service. Tapinator is a famous publisher/developer of mobile games that are publicly traded. The prominent mobile games developer is based in New York City. The firm has announced that it has come to the conclusion of adopting…
While there has been some form of misconceptions about digital currencies, they cannot be confused with cryptocurrencies or digital assets. Digital currencies are legal tenders backed by a nation’s Central bank, while cryptocurrencies are non-regulated Blockchain assets without a stable value. However, the Digital Yuan’s proposed launch by China’s Central Bank is believed to be…
FSCA launches process of recovering looted funds by MTI. The first recovery transaction comprised over 1200 Bitcoins which were transferred in the accounts of official liquidators for onward transfer to real beneficiaries. MTI, a so-called crypto trading platform, is a worldwide notorious scammer, which is banned in most of the jurisdictions. The latest jurisdiction to…
Ripple is currently ambitious of setting up its foothold in the region where its crypto offerings are at their peak i.e. Asia. In its recent move, Ripple has been acquiring 40% shares in a company called Tranglo, which is also a payment processing company. However, the company’s prime focus is to cater to APAC markets…
While the threat of dollar debasing is still ongoing, Jesse Powell of Kraken says that the Bitcoin price will still rise as high as Lambo and Bugatti’s prices in the near future. During his interview with Bloomberg, Jesse Powell of Kraken stated that it is wrong to forecast Bitcoin’s long-term direction based on the US…
Visa Inc. has introduced a program that is equipped to allow access to crypto platforms for settling their crypto trade transactions. However, for conducting crypto transactions, trading platforms have to ensure that transactions are done on the basis of US dollar-backed stablecoins. It was announced by Visa that now the crypto transactions can be settled…
A former Baywatch TV Show star and a celebrity, Pamela Anderson, will be giving out three physical, signed copies of her concluded cover, Playboy on BitClout, a newly kickstarted social network. She will be giving these covers to the top 3 people holding her coin (each person has their tokens on the BitClout ecosystem, which…
The crypto-related data firm has been revealing some insights concerning long-term investors for some time, and now it has done new researches to bring new data. The growth of the digital asset firm has spearheaded more research as holders exhibit some interesting buying and selling behaviors. The on-chain data firm explained that around three-quarters of…
Agree or disagree, it really doesn’t matter as the truth is that decades-old Nintendo Game Boy can be turned into Bitcoin mining machine and that has been proved by a famous Youtuber on 27th March, 2021. Nobody within or outside the crypto industry has ever thought that Nintendo Game Boy could be turned into a…
Over time, blockchain technology has subtly entered the mainstream industry as a proven method for having a more swift transfer of data and ensuring transparency. There are different protocols in the blockchain technology resident in the market currently, and the pertinent question over time is, “How do you get the perfect one for developing your…
One of the main reasons cryptocurrency has really taken off and people have started looking at it as a profitable option is because many people have made millions due to cryptocurrency. That has encouraged others too, that if they want to make money, then this is a good option. If, like many other people, you…
Crypto regulation drama is getting more and more serious day by day in every part of the world, wherever crypto exists. Recently, Agustin Carstens, GM of the Bank of International Settlements (BIS), urged lawmakers to implement purposeful laws for regulating crypto. According to Carstens, crypto is a tool that is primarily used by criminals for…
The recent success of the cryptocurrency space, which resulted from the growth in price value of significant digital assets like Bitcoin, Ethereum, and a few other assets, continues to be on a high. Fortunately, this success has contributed to the overall adoption of cryptocurrencies in the space like Bitcoin- which is now used to make…
The retail DeFi investors are becoming more and more attracted toward WINK’s yield farming offerings because they cost less, as opposed to ETH, which has a very high gas fee. This has made many of these investors price out of Uniswap and turns to WINk (WIN). The Popularity of Decentralized Finance The popularity of decentralized…
Amendments have been made in the 3rd Schedule of the Indian Companies Act, 2013 by the Indian Government for bringing in crypto. Indian entities, organizations, corporations and companies will be required to submit details of crypto transactions to the Securities & Exchange Board of India (SEBI). In India, the Government has amended the Companies Act,…
Last year went into the record books regarding the mammoth amount of funds and assets that were stolen via scams and hacks. But while that was a figure that is so disheartening, regulators would be contented with the fact that they were able to bring the amount stolen down, compared to the one of 2019….
SushiSwap, a decentralized exchange platform, has recently announced the initiation of a new platform called Kashi for public use. Kashi’s main goal is to provide users and traders the ability to borrow assets to build a structure for themselves, then paying it back later down the line when the structure is established. This way, it…
