In recent times, one of the major economic crises countries around the world have been facing is inflation; especially as a number of them are having to battle with the dwindling purchasing power of their national fiat currency due to the effect of the coronavirus pandemic. Turkey is battling an economic crises One country fighting…
While “utility” became one of the most common topics in the NFT space, chased by artists and entrepreneurs as the magic ingredient for success, Andrew Fai started a platform that is bringing audio-visual Autonomous Sensory Meridian Response (ASMR) art on the blockchain. Foreseeing a strong market demand for a therapeutic sound and visual NFTs, Fai…
More than 20,000 new Bitcoin ATMs were installed around the world since the beginning of 2021, according to Coin ATM Radar that keeps tabs on all the locations where crypto can be bought and/or sold for cash. 2020 ended with 12,869 Bitcoin ATMs installed around the globe, and during the past year, that number climbed…
Efinity joins the league of Polkadot parachain slot auction winners–Acala, Moonbeam, Astar, Parallel Finance, and finally, Clover Finance. In order to win the auction, contributors and investors vote by staking Polkadot’s native cryptocurrency–DOT. The sixth parachain slot goes to Efinity According to Enjin’s Twitter announcement, Efinity won its slot with 7.7 million DOT contributed by…
Ethereum co-founder Taylor Gerring recently purchased a Bored Ape Mega Mutant Serum NFT for 888 ETH ($3,6 million) from a seller who received it for free by being a part of the Bored Ape Yacht Club (BAYC) community. The new NFT owner’s announcement that he will be livestreaming the serum drinking event made a serious…
Jack Dorsey’s recent comments surrounding the concept of Web 3 stirred up a fiery discussion among the crypto community on Twitter–bringing out all shades of tribalism, maximalism, and cypherpunk righteousness. ShapeShift CEO Erik Vorhees joined the ongoing debate, arguing that Proof of Stake (PoS) has some advantages over the Proof of Work (PoW) consensus mechanism,…
Ethereum‘s largest staking platform, Lido, recently announced adopting stETH/USD Chainlink Price Feed. stETH is the platform’s tokenized form of staked Ethereum, that combines the value of the staked deposit with staking rewards. The next wave of integrations for Lido’s staked asset “Lido is excited to announce that we are now sponsoring the first in a…
Scams again emerged as the dominant form of cryptocurrency-based crime by transaction volume, a preview of Chainalysis’ Crypto Crime Report revealed. This year’s crypto scam revenue topped $7.7 billion, up 81% compared to 2020, according to the blockchain data platform. Crypto scams in 2021 Compared to 2020, this year’s crypto scam revenue increased substantially, although…
Nexo announced the launch of a new NFT Lending Desk service for OTC clients– becoming the first crypto lender to introduce NFT-collateralized crypto credit and art financing services for the asset class. The launch results from Nexo’s collaboration with the prominent crypto and NFT-focused hedge fund Three Arrows Capital. NFT Lending Desk Nexo leverages instant…
DeFi index platform Pollen recently announced its PLN token IDO on Roco Finance launchpad. Roco Finance is a decentralized GameFi platform built on Avalanche, which, besides providing blockchain services to game developers, content creators and player communities, also mediates with the RocoStarter IGO platform to promote up-and-coming projects at the seed and incubation stage. RocoStarter’s…