Fabio Panetta, Managing Director of the European Central Bank (ECB), compared cryptocurrencies to the ‘Wild West’ as well as a ‘Ponzi Scheme’ during a speech at the University of Columbia held on April 25. Harshly criticizing the current rise of the cryptocurrency market, Panetta compared the emerging industry to the archetypal era of the United […]
Fidelity Investments, one of the world’s renowned asset managers, has decided to allow its clients to include a certain amount of Bitcoin into their 401(k) plans. In an announcement made Tuesday, Fidelity said its clients can invest a portion of their retirement savings in bitcoin as early as the middle of this year. 401(k) plan
The popular NFT collection Bored Ape Yacht Club is making headlines again, not for good reasons though. Bored Ape NFTs, allegedly worth $3 million, were stolen after hackers gained access to the collection’s Instagram and Discord accounts. “This morning, the official BAYC Instagram account was hacked. The hacker posted a fraudulent link to a copycat
Lugano, Switzerland, 26th April, 2022, Jelurida, the team behind the Nxt, Ardor, and IGNIS blockchain ecosystem is pleased to announce its partnership with the Ticino Blockchain Technologies Association. The think tank, located in Lugano, Switzerland, will bring Jelurida’s technology and expertise to local crypto organizations and universities. Jelurida continues to turn heads in the field
The United States Department of Justice announced Monday that it has indicted two Europeans on grounds that they were, along with Ethereum developer Virgil Griffith, helping North Korea in evading sanctions using crypto assets. Per the press release issued by the Office of Public Affairs, Spanish citizen Alejandro Cao de Benos (Aged 47), and British
Banking on the latest popularity of non-fungible tokens (NFTs), Li Ning, a popular Chinese sports apparel brand, has announced that it plans to release a Bored Ape Yacht Club-themed apparel line that would boast Bored Ape #4102 on its merchandise. The company announced the new strategy on China’s social media platform Weibo where it revealed
After making a very public business proposal, the world’s biggest billionaire Elon Musk may actually acquire social media giant Twitter, several media outlets reported Monday. Citing two sources familiar with the matter, The New York Times reported that both parties have been negotiating the $46.5 billion buyout Musk offered Twitter in exchange for buying 100%
Lakewood, United States, 25th April, 2022, Chainwire The decentralized social media landscape is changing rapidly as Elon Musk closes in on his bid to buy Twitter. More and more people are looking for a change as they are tired of 5 companies owning the world’s information. These big tech incumbents dictate what content we consume,
The central African Republic, a country in central Africa, has become the latest to adopt friendly rules to regulate the crypto industry in the nation. In addition, the country has also adopted Bitcoin as its legal tender to prompt economic recovery, Forbes reported Saturday. According to the report, the minister of the digital economy, post
Decentralized Ethereum scaling platform Polygon announced today that it has launched a $100 million fund that would invest in Web3 developers looking to develop projects on its newly-launched ‘Supernets’ blockchains. Polygon’s new project ‘Supernets’ is a customizable tool where developers can create tailor-made blockchain networks with respect to their projects’ requirements without additional operational or
The US Office of the Comptroller of the Currency issued a consent order against Anchorage digital, crypto platform, and infrastructure provider, for failing to meet certain Bank Secrecy Act and anti-money laundering requirements as demanded by the banking regulator. The order has noted that Anchorage Digital has neither admitted nor denied the allegations of violating
MTR Corporation, a Hong Kong-based public transport operator, is stepping into the metaverse in partnership with The Sandbox, the metaverse gaming subsidiary of gaming and VC giant Animoca Brands. With the latest deal, MTR has become the first transport operator to join The Sandbox metaverse, where it plans to offer immersive experiences through a railway-themed
The United States has now extended its scope of sanctions on crypto mining firm BitRiver, the country’s Treasury Department revealed Thursday in an attempt to strengthen its sanctions against Russia. The Office of Foreign Asset Control (OFAC), the enforcement team of the US Treasury Department, has imposed stringent economic sanctions against Russia amidst its war
Bitcoin mining firm Crusoe Energy announced Thursday that it has raised $350 million from its latest funding round led by venture capital firm G2 Venture Partners (G2VP). We’re excited to announce our $350m Series C round of funding being led by @G2VPLLC! https://t.co/Z5c5pgciYM — Crusoe Energy (@CrusoeEnergy) April 21, 2022 In addition, the firm will
Renowned auction house Sotheby’s has been revealed to accept payments in DOT, the native cryptocurrency of blockchain network Polkadot, for its ongoing NFT auction project “Natively Digital 1.3: Generative Art.” The auction, which began on April 19th, is Sotheby’s third event focusing on generative art NFTs. Generative art is an art practice where a piece
Binance.US, the US arm of popular crypto exchange Binance, has withdrawn from the crypto lobbying group Blockchain Association, several media outlets reported Wednesday. In a statement shared with media outlet CoinDesk, a company spokesperson revealed Binance has decided to leave the organization citing differences in “values, goals and standards.” They noted: “Binance.US made a major
XinFin, a third-generation, hybrid blockchain that aims to enhance synergies between private and public blockchain development, is deploying bridges for its XDC token in collaboration with DIMO and Wanchain. The bridges will initially link XDC to BNB Chain, Polygon, Avalanche and Wanchain, with plans for Wanchain to provide XinFin with continuous support by introducing BTC,
Austin, US, 19th April, 2022, Chainwire Rainmaker Games launches the first discovery platform for blockchain games, providing a much-needed single-source of gaming data the industry was missing. Rainmaker’s beta platform includes over 150 blockchain games, expert reviews, technical details, earning potential statistics, video content, and more. Powered by their proprietary game data, the Rainmaker search
Singapore, Singapore, 19th April, 2022, – Kyber Network and BitTorrent Foundation have announced KyberSwap’s integration with BitTorrent Chain (BTTC) as their 11th chain integration, with more than $1.5M in liquidity mining and trading incentives available to users immediately. The partnership will accelerate DeFi’s adoption with the combined benefits of best trading and earning rates, ease
Dubai, United Arab Emirate, 19th April, 2022, Chainwire Today, Web3 innovator BitSport has announced its latest project, NFT-IGO, a new way for gamers and streamers to monetize their gameplay and interact with their fanbase. Similar to an initial public offering (IPO) in the stock market or an initial coin offering (ICO) in the crypto space,
