The Chairman of the Federal Reserve, Jerome Powell, gave a speech on Tuesday, March 7, in which he discussed recent developments in the cryptocurrency industry as well as the present macroeconomic climate. Amid the recent upheaval, the Chairman of the Federal Reserve attempted to find a middle ground by claiming that the central bank is … Read more
The Forkast 500 NFT, Forkast SOL NFT Composite, and Forkast ETH NFT Composite are the respective components of the three NFT indices, as stated in a recent article (1). These indexes are intended to help reestablish faith in crypto data and analytics, and they are promoted as having the potential to act as the S&P … Read more
Getty Images is getting ready to provide individual collectors with new photography NFTs. Getty Images, responsible for creating visual material, will create NFTs using pictures from its 1970s cultural and musical collection thanks to cooperation with Candy Digital. The latest collection resulted from Candy Digital and Getty Images collaboration (1) in May 2022. At the … Read more
TeraWulf, a Bitcoin mining based in the United States, recently opened a new crypto-mining operation in Pennsylvania. This plant is powered entirely by nuclear electricity generated on-site. TeraWulf announced in a statement released (1) on Monday, March 6, that the Nautilus Cryptomine plant is the first Bitcoin mining operation that operates “beyond the meter.” This … Read more
On March 7, Argo Blockchain reported its amazing monthly performance in its operations update for February 2023, published on March 7. In addition to its strong Bitcoin production during the previous month, Argo Blockchain also observed (1) an increase in its revenue during the same period. Notwithstanding the challenges presented by the network, the Argo … Read more
The Sandbox announced on its official Twitter page that they are launching 2,333 Gordon Ramsay Avatars, which will be called the Hell’s Kitchen Avatar collection. The minting of these Avatars is scheduled (1) to take place later in the month of March, and lucky holders will have the opportunity to use one of the NFTs … Read more
In the most recent turn of events, the defunct cryptocurrency exchange FTX has filed (1) a lawsuit against Grayscale Investments, the largest cryptocurrency asset management in the world. The case was filed by FTX’s sister business, Alameda Research, against FTX’s creditors to get injunctive relief for FTX debtors and realize more than $250 million in … Read more
More than $50 million was raised in the most recent investment round for the Ethereum Layer-2 network Scroll on Monday, March 6. This network makes use of a mechanism known as zk-roll-ups. Polychain Capital, Sequoia China, Bain Capital Crypto, Moore Capital Management, Variant Fund, Newman Capital, IOSG Ventures, and Qiming Venture Partners were among the … Read more
To improve access to financial services throughout the South American nation of Brazil, the country’s central bank has formally introduced a prototype form of central bank digital currency (CBDC). Also, the bank has high expectations that the Brazilian CBDC would achieve the same level of success as Pix, the immediate payment system used in Brazil. … Read more
Yuga Labs has officially finished bidding for the TwelveFold collection, which was the company’s first Bitcoin-based non-fungible token (NFT). During the auction, which lasted for a whole day, there were 288 successful bidders who could take home as many items from the library. In addition, the company claims (1) that it has made a profit … Read more