As the valuation of cryptocurrencies wanes across the board, so do the revenues of platforms dealing with them. Although primarily a stock trading platform, Robinhood added crypto to its portfolio back in early 2022. At the time, over 1.2 million people were on the waiting list to get a piece of the digital asset pie....Read More
SKYWARD, the native token of NEAR-based platform Skyward Finance, plunged by 95% after the protocol’s treasury lost $3 million in a smart contract exploit. The attack occurred in the late hours of Wednesday and was first reported by Twitter user Sanket Naikwadi before Skyward Finance publicly acknowledged the incident. How it Happened According to Naikwadi,...Read More
Fidelity – a $4.5 trillion asset manager– said this fall that some of its 401(k) retirement plans have begun adding Bitcoin to their investment menus. Similarly, San Francisco-based 401(k) provider ForUsAll said that 50 of its 550 clients started letting workers put their retirement savings in Bitcoin and Ethereum about eight weeks ago. Here’s what...Read More
Investment giant Fidelity appears to finally be granting its retail investors access to Bitcoin and Ethereum trading. The $4.5 trillion asset manager has established an early access waitlist for users to trade both assets, bringing potential crypto access to 34 million investors. The service, titled Fidelity Crypto, will also provide investors with beginner-friendly educational resources...Read More
The entry of NFT has improved significantly and benefited the ticket industry, mostly event organizers. The event market is at the forefront of using the NFT to connect physical and digital ticketing. Digitization has streamlined ticketing, and these systems have become reliable and efficient for everyone. Availability NFT makes tickets more functional and easy to...Read More
It has been a week since Elon Musk took ownership of Twitter, and he has wasted no time shaking up the struggling social media firm. The subsequent cataclysmic layoffs have left many baffled. Ethereum co-founder Vitalik Buterin, for one, believes the Tesla chief can make Twitter “really great” or “really terrible.” The latter scenario would...Read More
[PRESS RELEASE – Please Read Disclaimer] Wafini, a community-driven DAO-powered decentralized NFT Marketplace project on Cardano, is set to release it’s initial first look of the Wafini Marketplace Demo in the coming weeks which will be followed up by Wafini’s beta launch on Cardano’s Mainnet. Wafini’s $WFI token Seed Sale saw a surge in demand...Read More
As part of the Monetary Authority of Singapore (MAS) Project Guardian pilot, JPMorgan completed the first live cross-border transaction using Polygon on November 2. MAS’ Project Guardian initiative aims to explore ways traditional financial institutions can leverage tokenized assets and decentralized finance (DeFi) protocols to execute financial transactions, among other use cases. Milestone for JPMorgan...Read More
While the majority of crypto assets are preparing to reclaim the positions they held prior to the May 2022 crash, Cardano (ADA) is making new lows every day. Market trends and sentiments have only had a minor impact on the price, which remains bearish. After being rejected by the local resistance, the ADA price appears...Read More
Web 3 companies are feeling the crunch of a bear market. The latest one to announce slashing its team size to cope with the deteriorating economic conditions is NFT powerhouse Dapper Labs. Citing the macroeconomic environment, the firm said it is laying off 22% of its staff. The company’s founder and CEO, Roham Gharegozlou, said...Read More
Airdrop hunters have been flocking to the Arbitrum layer-2 network in hope of landing some free crypto. On Nov. 2, crypto research firm Delphi Digital reported an increase in activity on Arbitrum. It stated that 62% of this week’s Ethereum transactions have been on Arbitrum, marking a 550% surge since August. It added that weekly...Read More
Money transfer services giant MoneyGram will now allow customers to trade and hold some major cryptocurrencies using the company’s mobile app. The move marks an expansion to MoneyGram’s native crypto support as it previously enabled users to buy and withdraw Bitcoin in the United States. According to a press release on Tuesday (November 1, 2022)....Read More
