The Rise and Fall of Ether: Lessons from an Ambitious NFT Project In the ever-evolving world of NFTs, the cautionary tale of Ether serves as a valuable lesson. Despite its initial hype and promise, the project faced numerous setbacks that ultimately led to its decline. This article delves into the rise and fall of Ether, highlighting the factors that contributed …
Continue ReadingCristiano Ronaldo collaborates with Binance to launch a new NFT collection, “ForeverCR7: The GOAT,” showcasing his career and exclusive benefits. Key Points The renowned football icon Cristiano Ronaldo has announced his latest venture in the digital art realm. In collaboration with global crypto exchange Binance, Ronaldo has created a collection of NFTs called “ForeverCR7: The GOAT.” This collaboration follows their …
Continue ReadingEmerging markets present unique opportunities for cryptocurrencies and blockchain technology adoption. In Africa, cryptocurrencies have become a popular alternative to traditional financial systems, especially for those without access to banking services. In addition, blockchain technology is solving traceability problems in the supply chain, managing identities, and solving ownership disputes. The growing economy and technologically savvy young Vietnamese population have quickly …
Continue ReadingThe social media platform Twitter has taken action against the AI-driven bot known as “Explain This Bob,” which had links to the widely circulated meme cryptocurrency BOB, by suspending its account. Key Point Elon Musk, the mastermind behind Tesla and SpaceX, recently took to Twitter to air his grievances about a meme coin AI bot known as “Bob.” The bot, …
Continue ReadingThe Fahrenheit Consortium, composed of Arrington Capital, a venture capital firm, and US Bitcoin Corporation, a miner, has successfully acquired Celsius Network’s assets through a court-sanctioned auction process. The consortium has received assets worth around $2 billion from Celsius, consisting of their institutional portfolio of loans, staked crypto assets, mining units, and various alternative investments. About the Celsius Acquisition As …
Continue ReadingElon Musk, the founder and CEO of Tesla, has suffered a setback as one of the company’s top internal lawyers has departed, as stated in a legal filing submitted to federal court. Key Points Recent court filings reveal that Tesla founder and CEO Elon Musk has been dealt a significant blow, as one of the company’s top litigators has left …
Continue ReadingDogeMiyagi, the latest entrant in the cryptocurrency meme coin space, has announced plans to deeply integrate with the decentralized finance (DeFi) sector. Mirroring the pioneering footsteps of Bitcoin and Ethereum, DogeMiyagi envisions a future where it stands as a significant player in the world of DeFi. Bitcoin and Ethereum: The DeFi Trailblazers Bitcoin, the progenitor of cryptocurrencies, kickstarted the DeFi …
Continue ReadingInvesco, a 1.4 billion investment management company, has resubmitted an application for a Bitcoin ETF, joining other firms such as BlackRock and WisdomTree. Key Points In recent news, the esteemed investment management firm, Invesco, has caught the attention of the financial world by filing a fresh application for a Bitcoin exchange-traded fund (ETF). With assets totaling an impressive $1.49 trillion …
Continue ReadingRenowned blockchain sleuth ZachXBT recently pointed a finger at the NFT venture, Pixel Penguin, accusing it of operating a ‘charity rug pull’. The project garnered considerable notice when Andrew Wang, a notable Web3 influencer, suggested the initiative aimed to support a cancer-stricken woman, named Sara. Today @andr3w supported a charity project rug by @hopeexist1 someone supposedly battling cancer causing the …
Continue ReadingRipple, the blockchain payments firm, has just announced that it has received in-principle approval of a Major Payment Institution Licence from the Monetary Authority of Singapore Key Points In a much-needed boost for the cryptocurrency industry, Ripple, a blockchain company, announced on Thursday that it has been granted in-principle regulatory approval to operate in Singapore. The news comes at a …
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