Popular sports brand Nike Inc. has generated $185.3 million in revenue from non-fungible token (NFT) collections. The milestone brings the company to a leading position among other traditional brands ...
Tag: crypto price
Bitcoin Community Raises 52.6 BTC to Protect “Hodlonaut” from Faketoshi Claims
The Bitcoin community has contributed approximately 52.6 BTC worth around $1.1 million and $30,000 cash to support an anonymous Twitter user with the pseudonym hodlonaut in his ongoing case against se...
South Korea to Apply Gift Tax to Crypto Airdrops
South Korea has imposed a tax on cryptocurrency airdrops received by citizens. According to local reports, anyone who benefits from a crypto airdrop in South Korea is required to pay a specific amount...
U.S. FDIC Issues Cease and Desist Order to FTX US Over False Insurance Claims
The United States Federal Deposit Insurance Corporation (FDIC) has issued cease and desist letter to FTX US over “false claims and misleading statements” concerning its insurance coverage. The regulat...
Google’s Alphabet Invested $1.5 Billion in Crypto
According to recent research by blockchain analytics firm Blockdata, Alphabet, the parent company of Google, invested a whooping sum of $1.5 billion into crypto and blockchain startups, topping the ch...
SBI Holdings to Shut Down Crypto Mining Operations in Russia
Japanese financial services giant SBI Holdings is planning to shut its crypto-mining operations in Siberia, Russia, Bloomberg reported on Friday. SBI chief financial officer (CFO) Hideyuki Katsuchi sa...
BTC Retraced to $21k as Correction Bites Harder
Bitcoin failed to record any increase over the last five days. A closer look at the charts revealed that although there were several push to the top, all failed to yield results. For example, on Monda...
South Korea to Investigate KuCoin Alongside 15 Crypto Exchanges for Unreported Operations
The South Korean Financial Services Commission (FSC) has put some cryptocurrency exchanges up for investigation under the claim that the concerned exchange companies are operating unlawfully in the co...
Noft Games Unlock Multi-Cryptocurrency Minting Solution
Noft Games, a battling play-to-earn game powered by Binance Smart Chain, now offers users the ability to mint NFT in-game cards with BUSD, USDC, USDT, and DOGE coins, adding those to a prior existing ...
Aussie Gas Station On the Run Now Accepts Crypto Payments
The Australian convenience store and petrol station brand, On the Run (OTR), has partnered with leading crypto exchange CryptoCom and payment terminal provider DataMesh Group Pty Ltd to launch Austral...
We Could Shut Down ETH Staking Under Regulatory Threat
Brian Armstrong, CEO of the American crypto exchange Coinbase, responded on Thursday to a hypothesis raised on Twitter, where he said his company would shut down its Ethereum validator node if regulat...
“Dramatic Capitulation”—Major Crypto Turning Point Is Looming As Price Of Bitcoin, Ethereum, BNB, XRP, Solana, Cardano, Luna, Shiba Inu, And Dogecoin Turn Mixed
Bitcoin Getty Images In the wake of an impressive three-week run, the crypto market hit a pause button. In the past week, the bitcoin price retreated to $23,500 after breaking through the important $2...
Crypto Lender Nexo Sues Former Director Over Account Holding $20M in Bitcoins
Crypto lender Nexo has filed a legal lawsuit against its former executive Georgi Shulev for refusing to honor his side of an agreement he signed with the firm before his departure in 2019, Law360 repo...
U.S. Judge Rejects $27.5M Settlement Deal Against Crypto Firm Block.one
Lewis A. Kaplan, a United States Judge in the Southern District of New York, has rejected a $27.5 million settlement in an ongoing class-action lawsuit against blockchain development company Block.one...
Crypto Broker Genesis Slashes 20% of Workforce as CEO Steps Down
Crypto brokerage company Genesis has slashed 20% of its workforce as its CEO Michael Moro steps down from his role at the firm, Bloomberg reported Wednesday. The broker believes the decision will help...
Polish Zetly Creates a Revolutionary All in One Platform for Sports
Zetly is a Polish-Estonian technological startup whose main goal is to build the largest digital All in One platform for fans, sportsmen, clubs, and federations. The project initiators set the main go...
U.S. SEC Charges Dragonchain Founder for Raising $16.5M Via Unregistered ICO
The United States Securities and Exchange Commission (SEC) has charged Dragonchain Inc, Dragonchain Foundation, The Dragon Company, and their founder, John Joseph Roets for allegedly raising $16.5 mil...
XTZ Show More Signs of Recovery Peaks at $2
Tezos is one of the top gainers over the last 24 hours. The asset saw notable price increases during the previous intraday session. It closed at $1.88 with a more than 3% increase during the period un...
BlockchainCom Partners Florida International University to Drive Web3 Education
Cryptocurrency exchange and wallet provider BlockchainCom has partnered with Florida International University (FIU) to increase cryptocurrency and Web3 education. According to the company, the partner...
ETH at Risks of More Downtrend.
“Ethereum is more reliable and will overtake Bitcoin.” These are the words of maximalist who believes that the apex coin will one day become the second largest cryptocurrency. More top traders are bul...
Celsius’ Alex Mashinsky Hijacked Firm’s Trading Role Before Collapse
Alex Mashinsky, the founder and CEO of crypto lending platform Celsius Network, took charge of his company’s trading strategies, overriding the inputs of “executives with decades of finance experience...
Brave Buys Back 5.8M BAT ($2.5M) as Revenue Increases
Privacy-geared browser Brave has repurchased 300,000 Basic Attention Token (BAT) worth $132,000 from the secondary market, bringing its cumulative buyback to 5.8 million BAT (over $2.5 million) from J...
20-Year Old Arrested for Misleading Friends in $240k Crypto Investment
A 20-year-old male in Singapore has been arrested and charged for allegedly misusing the $240,000 he collected from his schoolmates instead of investing it to invest in crypto. Young Lads Tricks Schoo...
RoboApe Is a Community Oriented Meme Coin That Caters for the Meme Industry Alongside Decentraland
More and more crypto platforms have been created since the introduction of cryptocurrency. However, various subsets have also emerged, with meme coins being one of them. In addition, blockchain techn...
Survey Shows Only 10% of Traders Take Full Advantage of Multiple DAOs
If you’re invested in cryptocurrency, you are probably familiar with the concepts and goals behind decentralized finance. Decentralized autonomous organizations (DAOs) are a great tool within the DeFi...
Bulls go on Rampage as ETH Flips $2k
Ethereum is currently on an uptrend. As a result, it surged from $1,900 to flip the $2,000 resistance a few minutes to the of writing. The hike started on Wednesday when the largest alt saw an 8% incr...
‘Floodgates Of Capital’—Crypto Is Braced For $21 Trillion Boom As Price Of Bitcoin, Ethereum, BNB, XRP, Solana, Cardano, Luna, Shiba Inu, And Dogecoin Skyrocket
bitcoin price getty The crypto market is on fire. In the past week, the price of bitcoin soared 7.4%, currently trading at $24,523, and the ethereum price climbed 16.8% to just under $1,900. Most altc...
What is Wrapped Bitcoin (WBTC)? Explained as Simple as ABC
Wrapped Bitcoin (WBTC) is an ERC-20 token backed by bitcoin. You can exchange it for bitcoin on a ratio of one to one (1:1). An ERC-20 token, on the other hand, is a digital asset issued on the Ethere...
DEX Protocol Injective Raises $40 Million Ecosystem Development Fund
Decentralized exchange (DEX) protocol, Injective announced today it has raised $40 million in a just-concluded funding round. According to the announcement, investors in the round include Jump Crypto ...
Crypto Exchange Hotbit Suspends Withdrawals Over Criminal Investigations
Singapore-based cryptocurrency exchange Hotbit has suspended all activities, including deposits and withdrawals, over criminal investigations against its former employee, the company announced Wednesd...