Billions of BUSD Stablecoin Being Burned Amid Regulatory Crackdown
Earlier Paxos burned more than $700 million of BUSD tokens. Binance intends to move an astounding 2 billion BUSD stablecoin to a dead wallet.As per the crypto whale alert, 97,858,390…
Spotify to Test Token-Enabled Music Playlists For NFT Users
The selected playlists will undergo frequent updates and be available exclusively via a special link. The pilot’s primary developer tweeted a snapshot from the NFT liquidity protocol NFTX.With the new…
Coinbase Launch Layer-2 Ethereum-based Network
A testnet for Base has been operational since the beginning of the month.Coinbase is the first publicly listed business to establish a layer-2 blockchain network.Earlier today, Coinbase announced the release…
Binance’s $1Billion Voyager Deal Receives Opposition From SEC
U.S SEC objected to Binance’s Voyager Digital acquisition. SEC involvement in cryptocurrency activities is growing. The New York and Federal financial regulators have rejected the largest crypto exchange Binance’s $1.2…
North Korean hackers move $3.2 Million out of $234 Million Stolen from Gate.io in 2018 hack
The majority of $234 million stolen in the attack was already laundered. The recent movements involved funds that were dormant for 4.5 years. North Korean hackers stole $234.33 million from…
Analyst Caution Investors as Bitcoin Might Be Heading to a Huge ‘Bull Trap’
Investors are waiting to see if Bitcoin (BTC), the flagship digital asset, can break through the barrier at this level and trade above $25,000. In the previous few days, Bitcoin…
Immutable Curt Off Staff by 11% to Prolong its Cash Reserves.
Immutable is the latest blockchain firm to announce job cuts as the gaming company laid off 11% of its workforce. Major Australian gaming firm Immutable slashed 11% of the company’s…
U.S. New Bill May Block CBDC Development
U.S. New Bill Could Block CBDC DevelopmentU.S. Congressman Tom Emmer has introduced a bill to prevent the Federal Reserve (the Fed) from issuing a central bank digital currency (CBDC). The…
Tencent Cloud Team Up With Key Crypto Platforms To Boost Web3 Adoption
Tencent Cloud will be releasing Tencent Cloud Metaverse-in-a-Box products. The cloud subsidiary and Web3 infrastructure provider Ankr entered into an MoU.The technology firm Tencent has announced that its subsidiary, Tencent…
Solana’s NFT Minting App on Saga Mobile
Solana Mobile has unveiled Minty Fresh, a new NFT minting app built in-house.Solana hinted at more updates to follow in the upcoming weeks.Saga, Solana Mobile has unveiled Minty Fresh, a…