When Mark Zuckerberg announced ambitious plans to build the “metaverse” — a virtual reality construct intended to supplant the internet, merge virtual life with real life and create endless new playgrounds for everyone — he promised that “you’re going to able to do almost anything you can imagine.” That might not be such a great […]
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Cryptocurrency has officially gone to the dogs. The recent trading frenzy over a digital token called Shiba Inu — commonly billed as a “meme” or joke coin — has vaulted the canine-themed cryptocurrency into the top ten most valuable digital assets by market value, hitting $40 billion and surpassing its cousin and apparent inspiration, Dogecoin. […]
What are NFTs, and why do people sound so smart when they talk about them? Non-fungible tokens, but what does that even mean? And why would someone even buy NFTs since they are already up there on the web for all to see? The rise of blockchain technology, and consequently cryptocurrency and others such as meme stocks, God help […]
Facebook launched on Tuesday its own digital wallet Novi to support decentralized currencies in collaboration with Coinbase and was faced with an urge from U.S. senators and lawmakers to cease the wallet’s pilot release, effective immediately. One notion Facebook’s six-hour outage proved to us: the magnitude of our reliance on just one company. Facebook made […]
Love cryptocurrencies or hate the very idea of them, they’re becoming more mainstream by the day. Cryptocurrencies have surged so much that their total value has reached nearly $2.5 trillion, rivaling the world’s most valuable company, Apple, and have amassed more than 200 million users. At that size, it’s simply too big for the financial […]
Non-fungible tokens (NFT) marketplace, OpenSea has finally anchored its platform by fixing any vulnerabilities that could potentially expose accounts to NFT hacks on digital wallets and drain it, Check Point Research finds. NFT’s fame spread on all fronts as a crypto trend that transforms any digital asset into a distinctive blockchain asset or provides users […]
Coinbase announced on Monday that it’s officially jumping into the world of NFTs. The cryptocurrency exchange platform explained that it plans to sell, trade, and mint NFTs, a move that will expand the cryptocurrency’s marketplace. While there isn’t much information on how Coinbase will join the NFT marketplace, the exchange platform has noted that the […]
Cryptocurrency intelligence company Elliptic revealed Monday that the company raised $60 million in a Series C financing round from a multitude of strategic investors, including SoftBank, to expedite its blockchain research and development (R&D). The panel of investors included financial service company, Wells Fargo Strategic Capital, in addition to numerous investors welcoming crypto and similar […]
A company that asked Nevada to let it form its own local government on its vast land holdings in the desert no longer plans to build the experimental smart city that they said could transform Nevada into a global hub for emerging technology. Blockchains, a Nevada-based technology company, had for months lobbied state lawmakers to […]
In one year, the United Kingdom has set the stage for its drastic growth in the cryptocurrency movement among all European countries. The Land of the Rose’s fascination with blockchain technology resulted in more than $170 billion in received value, according to a Chainalysis report. The report revealed that the Central, Northern, and Western divisions of Europe […]