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DeFi is a popular lending protocol. Aave is taking a different approach with its latest Web3 project, Lens Protocol, a decentralized social graph that leverages NFT assets to power social media networks, which was announced today. While Lens Protocol looks to be aimed against centralized social…
DoraHacks, a cryptocurrency Web3 developer incentive platform, has secured tens of millions of dollars in new capital from some of the industry’s most powerful investors such as FTX ventures and Liberty City Ventures. According to a press statement issued on Wednesday, the platform has…
Hyundai Motor Company, a South Korean automaker, made its debut in the world of non-fungible tokens (NFTs) on Monday 18-05-2022, after cooperation with the ‘Meta Kongz‘ NFT brand. Kakao, the firm behind Korea’s most popular instant messaging app, KakaoTalk, established the Clayton…
Fireblocks is a digital assets custody platform that announced the debut of its new Web3 Engine. The purpose of the Web3 engine launch is to assist and nurture the emergence of the Web3 ecosystem. Micro, Macro, and commercial businesses may use the Fireblocks platform to acquire and administer…
With possible criminal infractions, celebrity sponsorship of cryptocurrency in India would soon come to a stop. SEBI predicts that all significant public personalities, including athletes, will stop making agreements. Like India, the new crypto industry is severely uncontrolled in some markets,…
The Terra eco-system, as widely documented, went into a whirlpool on May 9, with LUNA falling by 100% and the Terra USD (UST) stablecoin losing its USD peg (valued at $0.16 at time of writing). With massive losses for LUNA and UST investors, the community is now searching for methods to repair the…
On Tuesday(10-05-2022), Nike, the American multinational corporation, urged a federal judge in the Southern District of NY to add forgery and misleading advertisements allegations to an already-existing trademark dilution action against StockX. As per Bloomberg, Nike’s legal counsel bought…
Coinbase’s junk bonds are plummeting in value, owing to poor first-quarter performance and concerns about what would happen if the company goes bankrupt. According to bond trading data from Trace Bonds, Coinbase’s junk offerings tumbled to 17% and 5.2% since its first-quarter report…
Aurora has recently marketed a token fund of $90 million. For those unaware, Aurora is an EVM (Ethereum Virtual Machine) designed by the Near protocol team. The purpose of Aurora is to provide turn-key solutions for the running of Dapps on an Ethereum-supported, scalable and secure platform with…
Stakeholders agree that the digital shekel would increase competitiveness, but their opinion remains divided concerning privacy. The public reaction regarding “digital shekel’s” implementation has been overwhelmingly supportive; however, the Central Bank of Israel has yet to…
“Together, these different new payment alternatives recently comprised around 35% of our overall online payments,” stated AMC Theatres CEO Adam Aron. According to Adam Aron, the CEO of AMC, cryptocurrencies like bitcoin and other digital payment gateways contributed nearly 35% of its…
To authorize Utah to make policy recommendations to the federal government, Utah Governor Spencer Cox has signed legislation to establish a Blockchain and Digital Innovation Task Force. This comes almost three years after discussions about forming the task committee began and less than two months…
