Tag Archives: social

New York’s luxury fitness club Equinox will start accepting payments for gym services in cryptocurrency, according to local media reports. This makes the gym the first in the Big Apple to endorse digital currencies in its business, an anonymous source said. To do so, the company will partner with BitPay, a popular crypto payment service, for the new infrastructure. Equinox Customers Can Now Pay in Cryptocurrency The development is in line with Equinox’s goal of meeting its...

VanEck’s new NFTs are designed to showcase the real-world utility of non-fungible tokens. Global investment manager VanEck has announced the launch of a community NFT based on the Ethereum in partnership with the South Korea-headquartered creative NFT agency, NUMOMO. This is the first such initiative unveiled by the firm and involves the release of 1,000 VanEck NFTs. VanEck Community NFTs According to the official press release, the community NFTs are designed to demonstrate...

On May 1, the NEAR Protocol Rainbow Bridge was attacked. The cross-chain bridge had temporarily been suspended for maintenance after detecting abnormal activities. In a detailed post, Alex Shevchenko, CEO of Aurora Labs, revealed that the attack was stopped automatically as the bridge architecture was designed to resist such events. No funds were lost during the event, Shevchenko added. The Attack It all started when the attacker sent some ETH through the popular coin mixer,...

Web 3 and blockchain infrastructure provider Coinbase Cloud has announced a new partnership with Acala Foundation, the DeFi hub of Polkadot, by first bringing KSM liquid staking on Karura. KSM is the native token of the Kusuma network, a public pre-production environment for Polkadot. Unlike traditional staking in proof-of-stake networks, Liquid staking allows asset delegators to access their funds while staking their tokens. In this way, validators can put their staked...

Major Dubai-based real estate developer Damac Properties has revealed that it would receive payment for property in cryptocurrency. Buy Property With Bitcoin and Ether According to Khaleej Times, Damac said it would add payments for any of its properties that can be made in Bitcoin and Ether, the two largest crypto assets by market capitalization. The company noted that enabling such payment will give more options and will be convenient for real estate investors. Also, the...

The exploiter behind Ronin’s massive $625 million bridge attack has managed to move thousands of ETH to privacy tool Tornado Cash. A month after, what many consider the largest exploit in DeFi history, on-chain data shows that 15% of Tornado deposits are from the Ronin attacker. This was revealed by Alex Svanevik, CEO of the blockchain analytics platform Nansen. 15% of Tornado deposits are from the Ronin exploiter pic.twitter.com/yYsisOzJvu — Alex Svanevik🐧 (@ASvanevik)...

Several countries have started to explore regulatory frameworks as cryptocurrency adoption remains high. Adding to the trend, Belgium regulators have imposed a new law in place for individuals and entities wanting to provide exchange services between virtual currencies and legal currencies or custody wallet services. Belgian cryptocurrency exchanges and custodial wallet services will have to register with the Financial Services and Markets Authority (FSMA) to operate in the...

Mexico has reportedly gotten another Bitcoin Automated Teller Machine (ATM), and this time it is located in the Senate building in Mexico City. Interestingly, some local politicians, such as Miguel Ángel Mancera, were behind the move. Bitcoin ATM at the Senate’s Front Door According to the local coverage, the Mexican authorities installed the 14th Bitcoin ATM in the Senate’s building in the capital Mexico City, hinting at a further future interaction with the digital asset....

Arthur Hayes, the co-founder and former CEO of leading crypto derivatives platform BitMEX, has predicted that Bitcoin’s price will reach the $1 million mark by the end of the current decade. In a blog post published on Wednesday, Hayes gave a comprehensive breakdown of how the leading cryptocurrency would reach $1 million in eight years, a value that is 2,500% higher than its current price. The Doom Loop Hayes described a phenomenon he calls “The Doom Loop,” which represents...

The highly-anticipated virtual land sale related to Yuga Labs’ metaverse project went live hours ago and affected a large portion of the entire crypto market. The massive demand led to ETH fees worth nearly $200 million, while ApeCoin’s price slumped by double digits after the sale. Ever since Yuga Labs, the creators of popular NFT projects such as Bored Ape Yacht Club, announced the metaverse project Otherside, the anticipation for the actual sale was soaring. This led to a...