Section
On-chain crypto, DeFi, NFTs, and industry news.
937 articles · Page 10
Core Scientific was a big name in the Bitcoin mining industry until it filed for Chapter 11 bankruptcy in December last year. However, the company is aiming to emerge from bankruptcy by the end of 2023 after successfully following its reorganization plan. Quick Take: The Bitcoin mining company has recently announced an agreement in principle
By Afroz Ahmad · October 31, 2023
Consensy’s leading self-custody Web3 platform, MetaMask, has joined forces with the pioneering blockchain-centric security firm Blockaid to roll out privacy-preserving security alerts within the MetaMask extension today. Quick Takes: According to MetaMask, approximately 3 – 4 new dApps emerge every minute in the Web3 landscape — 10% of which are deemed malicious. By incorporating native
By Leah Waters · October 31, 2023
The popular altcoin, Cardano (ADA) has shown signs of positive trends in the third quarter of the year. As per a recent report from crypto analytics firm, Messari, Cardano has posted commendable figures in this quarter. Quick Take: The report suggests that the stablecoin of the platform saw an increase of 16% on Quarter-on-Quarter and
By Afroz Ahmad · October 31, 2023
Solana Labs has recently made an exciting announcement for Web3 start-ups. The company is introducing a special program called the Solana Incubator Program, which is specifically designed to provide assistance to start-ups. Moreover, it will create solutions within the Solana network and help sustainable and effective Web3 companies. The Solana Incubator Program In a recent
By Anvi Saini · October 30, 2023
Animoca Brands, the renowned Web3 company, has recently acquired Azarus, which is a blockchain-based streaming platform. The acquisition will combine Azarus’ technology to bring about a change in the Animoca brands. Also, it will transform the Web3 gaming landscape with blockchain technology. Animoca Brands reshaping the Web3 Gaming Culture In a well-thought-out plan, Animoca Brands
By Anvi Saini · October 30, 2023
In a bid to override tech giants like Microsoft by enriching its AI capabilities, Google is investing a mighty $2 billion into the AI startup Anthropic, co-founded by former OpenAI executives. Quick Takes: Although Google’s initial capital injection to Anthropic is $500 million, the tech titan claims to inject the AI startup with an additional $1.5
By Leah Waters · October 28, 2023
Neon Machine, the gaming company, has recently raised $20 million in funding for its upcoming Web3 game “Shrapnel.” Earlier, there was another successful seed funding round in June 2021, where Neon Machine secured $10.5 million. Furthermore, renowned investors, including Polychain Capital, Griffin Gaming Partners, Brevan Howard Digital, Franklin Templeton, IOSG Ventures, and Tess Ventures, supported
By Anvi Saini · October 27, 2023
JPMorgan, a prominent financial institution, has achieved a significant milestone by processing over $1 billion. Moreover, they have processed this amount in daily transactions through its digital asset, JPM Coin. JPMorgan’s Digital Asset, JPM Coin The financial giant has achieved a position that strengthens JPM’s position as a pioneer in adopting blockchain technology. Furthermore, the
By Anvi Saini · October 27, 2023
In a recent development, a United States District Court Judge has ordered NFT artists, Ryder Ripps and Jeremy Cahen to pay a total of $1.57 million in disgorgement and damages. The fine is to be paid to the Bored Ape Yacht Club creator Yuga Labs. Quick Take: The decision has put an end to an
By Afroz Ahmad · October 27, 2023
Fashion leader Maison Margiela from Paris has now stepped into the world of NFTs. The brand, recognized for its distinct numbering system, has launched a new initiative named ”Numbers” on OpenSea. Moreover, enthusiasts are calling it “Blockchain Bingo.” Maison Margiela’s Blockchain Bingo Game The company has revealed a new digital game where participants can collect
By Anvi Saini · October 26, 2023
OpenSea recently introduced “Shipyard”, which is a tool for NFT creators. It aims at simplifying and supporting the NFT development process. Also, the tool contains a series of solidity contracts. Shipyard: A Tool by OpenSea In a recent announcement, OpenSea revealed that they are introducing a new tool named Shipyard for NFT developers. However, the
By Anvi Saini · October 26, 2023
The Financial Conduct Authority (FCA) has stated that several crypto promoting firms in the United Kingdom have violated the crypto marketing rules. Since its implementation, there have been at least 221 breaches of the law. Quick Take: The UK Financial Conduct Authority released a new statement on October 25 to comment on the performance of
By Afroz Ahmad · October 26, 2023
The Securities and Exchange Commission (SEC) has charged BlackRock for potentially misrepresenting investments. The regulatory authority has imposed a $2.5 million fine on the asset managing firm. Quick Take: In a recent development, the Bitcoin ETF plans have seen an unexpected turn of events. The SEC has alleged that BlackRock indulged in a misrepresentation of
By Afroz Ahmad · October 25, 2023
Decentraland is ready to host the first-ever AI World Fair this October. The event will be from the 25th to the 27th of October and is anticipating a massive number of attendees. Moreover, there will be specialists from various domains like Web3, art, robotics, gaming, and fashion. The First-ever AI World Fair by Decentraland The
By Anvi Saini · October 24, 2023
The crypto market has flourished recently amid growing anticipation around spot Bitcoin Exchange-Traded Funds (ETFs). As a result, crypto investment products have seen four straight weeks of inflows. Quick Take: The report from an asset management firm, CoinShares shows that a staggering amount of $66 million was poured into digital asset investment products in the
By Afroz Ahmad · October 24, 2023
Showcasing ongoing dedication to pioneering Web3 solutions, the USDC giant Circle has debuted two cutting-edge beta tools — ’Gas Station’ and ’Smart Contract Platform’ — tailored to enhance and streamline blockchain-based initiatives. Quick Takes: Circle’s cutting-edge tool Gas Station is strategically engineered and designed to address one of Web3’s most common pain points: gas fees.
By Leah Waters · October 23, 2023
WAX, a renowned figure in the digital space has recently collaborated with Uncut to launch ’The Barbarians’ NFT collection. This collaboration plans to redesign the way we share digital collectibles and NFTs. Besides, the new initiative will ensure users can enjoy a better social experience. WAX and Uncut’s “The Barbarians NFT Collection” In a recent
By Anvi Saini · October 21, 2023
The hyped cryptocurrency game, Upland has announced a $7 million raise in its Series A funding round. The platform is referred to as the super app of the Web3 and metaverse. Quick Take: Upland was able to onboard a new investor, EOS Network Ventures. Thus, bringing the total funding of the company to $25 million.
By Afroz Ahmad · October 20, 2023
The Norman Rockwell Museum has teamed up with the Rockwell Family to launch its new venture into the NFT space. The team officially announced on Wednesday, that they will present rare art pieces from Norman Rockwell’s collection as NFTs. Norman Rockwell Museum’s Studio Sessions The Rockwell Museum’s project is named “Studios Sessions: The Norman Rockwell
By Anvi Saini · October 19, 2023
The cryptocurrency giant Bybit and the renowned esports team, Made in Brazil (MIBR) have collaborated. Given this, they are celebrating MIBR’s 20-year history with an exclusive NFT collection. The New Bybit X MIBR NFT Collection In a recent development, they are expected to launch their new NFT collection on October 24. Also, the companies are
By Anvi Saini · October 19, 2023
OpenAI, the top dog in generative AI, has revealed its new deepfake image detector tool, distinguishing AI-generated images to combat the ongoing challenge of misleading content. Quick Takes: The announcement of OpenAI’s deepfake image detector — first revealed during the Wall Street Journal’s Tech Live conference in Laguna Beach, California — has garnered a significant amount of
By Leah Waters · October 19, 2023
Aptos Network, a Layer 1 blockchain, has successfully managed to bring its network back online and restore all of its operations following a five-hour outage. The network coincidentally suffered an outage in the same week it was launched just last year. Quick Take: Based on the data provided by the AptoScan network tracker, the on-chain
By Afroz Ahmad · October 19, 2023
The cryptocurrency market received a boost in the past couple of days due to fake news of spot Bitcoin ETF approval. However, several major crypto tokens including Bitcoin have maintained a positive momentum. As a result, analysts have noticed a sharp increase in USDT accumulation by the largest Tether wallets. Quick Take: With an unexpected
By Afroz Ahmad · October 18, 2023
The globally renowned cryptocurrency exchange, Coinbase is consistently removing cryptocurrency trading pairs in a bid to improve liquidity on its platforms. The exchange believes this step will help increase overall market health as well. Quick Take: As per an announcement from Coinbase, the exchange has suspended a total of 80 non-USD trading pairs. These pairs
By Afroz Ahmad · October 17, 2023