Tag Archives: social

The popular cryptocurrency exchange – CryptoCom – announced the airdrop of its non-fungible token collection in collaboration with the LA Lakers’ star LeBron James. It is called “The Moment of Truth” and will be airdropped to 5,550 randomly selected viewers who scanned a hidden QR code. LeBron James NFTs to The Lucky Winners One of the top sports events in the USA – the Super Bowl – is among the most viewed matches of the year. It usually attracts numerous companies, which...

The European Union made it clear that cryptocurrencies, which fall into the category “transferable assets,” are included in the financial sanctions imposed on Russia for its invasion of Ukraine. Additionally, the EU implemented similar penalties on Belarus for assisting the Russian war-like regime. The Bloc Extends Its Sanctions Similar to the USA, the European Union vowed not to deploy military troops to Ukraine and, as of the moment, stands away from a direct conflict with...

Bain Capital Ventures, a Boston, Massachusetts-based startup-investment giant, has announced the launch of a new $560 million fund. The main goal will be to invest directly in cryptocurrency-related companies. Bloomberg’s coverage outlined that the company has already employed $100 million out of the entire amount into “a dozen efforts,” which have not been disclosed yet. The funding was closed in November last year. So far, the firm has poured funds into Compound, BlockFi,...

Crypto miner Hive Blockchain has announced a Supply Agreement with Intel to buy new ASIC chips. Pitched as “high-performing,” these chips will be incorporated into mining equipment that will be custom-made for Hive. The company has also struck a manufacturing deal with an ODM (original design manufacturer) that focuses on electronics manufacturing.d Intel Supply Agreement According to the official announcement, the deal is part of its US expansion plans. Hive revealed that...

Kyber’s team stated that expensive gas fees and the network congestion on Ethereum left users, creating a need to solve it through Layer-2 scaling solutions such as Arbitrum. The main objective behind the multi-chain decentralized exchange (DEX) and aggregation platform – KyberSwap announcing its launch on the scaling solution – Arbitrum network – is to enable users to conduct faster and cheaper trades. KyberSwap on Arbitrum According to the official blog post, Arbitrum is...

Gold is a precious metal used in many industries, but it’s also a well-known investment product and a historical hedge against economic turmoil and inflation. Widely regarded as a risk-off asset, gold prices tend to perform best in a challenging financial environment – during a crisis, wars, shakedowns, and whatnot. What is a Gold-Pegged Cryptocurrency? Gold-pegged cryptocurrencies, on the other hand, are a derivative asset class that allows users to purchase, trade, and...

Louisiana state legislature is considering a bill to facilitate crypto contributions to political campaigns. Sponsored by Republican Party Representative Mark Wright, the bill seeks to lay down a legal framework for making cryptocurrency donations to political parties and political leaders.  Crypto Contribution for Political Campaigns House Bill No. 170 intends to “allow a candidate to receive campaign contributions in the form of cryptocurrency” by amending and reenacting...

Visa and Mastercard joined the growing list of western financial companies that announced plans to withdraw from Russia. Looking for alternatives, the nation’s central bank said it has turned to China’s UnionPay system. President Vladimir Putin launched a “special military operation” against Ukraine less than two weeks ago, which still continues until this day with no real endgame in sight for either side. NATO and the EU decided not to escalate the conflict by getting...

The adverse price developments in the crypto market continued, with bitcoin dropping below $40,000. Most altcoins are deep in the red as well, with Terra losing 7% and BNB dropping to $380. Bitcoin Lost $6K in 3 Days The ongoing war between Russia and Ukraine harmed all financial markets upon its start, but bitcoin managed to recover all losses immediately when the West refused to get directly involved. It kept climbing, reclaimed $40,000, and even soared to a three-week high...

The typically neutral country has joined the EU and the US in imposing financial sanctions against Russians following the war started by President Putin. Moreover, the nation’s authorities have also gone after their cryptocurrency holdings within Switzerland’s borders. Ever since Putin launched its “special military operation” against Ukraine, which turned out to be an all-out war, NATO and the EU have taken severe measures to restrict the country and its wealthiest...