The digital payments startup Block Inc., which Jack Dorsey co-founded, announced a Bitcoin impairment loss of $36 million during the second quarter. The company ascribed the loss to “broader uncertainty about crypto assets.” In a letter to its shareholders published on Thursday, Block disclosed that its Cash App, an online payments service that facilitates the … Read more
Over 100 countries are now able to integrate Instagram via NFT thanks to Meta. According to a post in the Meta newsroom that was last updated on Thursday, the company that Mark Zuckerberg is leading has started the process of expanding its use of nonfungible tokens (NFT) across one hundred countries in four different regions: the … Read more
The New York Department of Financial Services, often known as the NYDFS, has stated that it will levy a fine of $30 million against the cryptocurrency trading division of Robinhood for suspected violations of laws about consumer protection, anti-money laundering, and cybersecurity. In an announcement made on Tuesday, the superintendent of the New York Department … Read more
After suffering through a liquidity crisis, the Waves (WAVES) community came together to back a governance proposal that aims to bring the decentralized finance (DeFi) lending protocol Vires.Finance back to life. The vote’s goals are to bring stability to the project and provide compensation to people who have been negatively impacted. Neutrino (USDN), a stablecoin … Read more
On Monday, the big US enterprise Bitcoin mining company known as Marathon Digital Holdings, Inc. made the announcement that it has successfully obtained an additional $100 million line of credit through Silvergate Bank secured by Bitcoin (BTC). The Bitcoin miner worked with the cryptocurrency bank to establish a credit line with a revolving limit of … Read more
The new “gifting” function on the top NFT marketplace OpenSea is producing uncertainty about mislabeled transactions, which predatory NFT traders may have the opportunity to take advantage of. During the purchase process on OpenSea, NFTs, which are unique blockchain tokens that denote ownership of digital things, can now be transmitted directly to any wallet. This … Read more
The troubled crypto exchange Vauld has revealed that the Singapore government has given a moratorium upto 7th November 2022. The hearing was conducted on August 1st 2022 via Zoom meeting. Vauld had recently halted withdrawal for its customers citing funds deficit of $ 70 million. Vauld sent email to its creditors making the announcement. … Read more
One Cool Group’s multimillion-dollar sci-fi action picture Warriors of Future aims to be the first Asian box office success to include a non-fungible token (NFT) collection. The NFT collection, which includes four different types of soldiers and 10,000 unique 3D avatars, is anticipated to be released on August 6. Additionally, the Ethereum (ETH) blockchain will … Read more
According to Google analytics, interest in cryptocurrencies is 16.6% lower this year than it was on average for 2021. worldwide. This year, the price of bitcoin has fallen by 52.7 percent, and the industry has also seen layoffs and liquidations. The Netherlands has had the greatest decline in interest, dropping by 37 percent. With interest … Read more
11 people have been prosecuted by the Securities and Exchange Commission (SEC) for allegedly helping to establish the “fraudulent crypto pyramid scheme” platform Forsage. The SEC accused the platform’s creators and promoters of using a “fraudulent crypto pyramid and Ponzi scheme” to generate more than $300 million from “millions of retail investors worldwide,” according to … Read more