All posts in crypto
Ethereum Merge is complete, signaling the opening of a new period for the network.
The huge overhaul of Ethereum called the Merge is finally complete, pushing the digital machinery of the second-largest cryptocurrency to a much more energy-efficient system following years of delay and development. It wasn’t a small feast swapping out proof-of-work for another, known as proof-of-stake, but the payoff is massive, as Ethereum can now consume 99.9% […]
Dutch Central Bank fines Binance $3.4 million for serious violations
On Monday, the De Nederlandsche Bank (DNB) slapped Binance with a huge $3.4 million fine for not obtaining regulatory approval to work in the country. The bank claims that Binance, the biggest cryptocurrency exchange company by trading volume, has continued to provide services in the Netherlands without the needed registration and approval. According to the […]
Is Web3 Decentralization Debate Focused on the Wrong Question?
Web3 has become an exciting term for the vision of a better, new internet. It has also become a subject of debate on diverse fonts. One of the trends now is whether the Web3 decentralization debate has been focused on the wrong question. There’s a belief that concentrating on the degree instead of the kind […]
How Metaverse can change Cryptocurrency, may be worth $13 trillion by 2030
In a recent report released by Citi, the US investment bank says the Metaverse economy may be valued at $13 trillion by 2030. Citi examined all the possibilities of the Metaverse, including fiat money, Crypto, stablecoins, and in-game tokens. According to the global banking giant, to create a smooth user experience, interoperability and seamless trade […]
Ex-Binance executives launch a $100M Crypto fund.
As the largest cryptocurrency exchange in the world, Binance is known for hiring the best. A group of former executives recently launched a $100 million venture fund. This venture fund is called Old Fashion Research (OFR). It focuses on the Metaverse and was created to bring more Crypto adoption to regions with emerging markets. These […]
Jack Dorsey outlines Block’s bitcoin-centric future; Block is no longer just a payment firm.
On Wednesday, the Block executives, on its first investor day in five years, agreed that the company no longer wants to be seen as only a payment platform. The firm based in San Francisco held its investor day on Wednesday and made its case to Wall Street that its money app, Crypto, and music-streaming businesses […]
Bored Ape Instagram hack cost NFT owners $3 million
The founders of Bored Ape said that its Instagram account has been hacked. And hackers are now posting fraudulent links to lure people to phishing sites. Hackers have stolen about US$3 million of the globe’s most popular NFTs after accessing the Instagram account owned by the BAYC (Bored Ape Yacht Club collection. The hackers have […]
North Korean hackers stole over $600 million in Crypto in a single hack- FBI.
On Thursday, the FBI said North Korean hackers stole over $600 million in Crypto in a single hack. The FBI blamed hackers linked with the North Korean government for stealing over $600 million in Crypto in March from a video gaming firm. For the FBI, this is the latest in a series of audacious hacks and cyber heists associated […]