Tag Archives: social

Solana is undoubtedly amongst the fastest growing ecosystems, as well as one of the hottest networks. There are hundreds of teams building various projects ranging from financial applications to non-fungible tokens and blockchain-based games. It has managed to successfully position itself as one of the main competitors for Ethereum. The vibrant and dynamic ecosystem was perfectly represented during the Solana-dedicated conference that took place in Lisbon earlier in November:...

The cryptocurrency exchange giant Binance announced the implementation of a new BNB Auto-Burn mechanism. The aim is to provide greater transparency and predictability to the BNB community. BNB Auto-Burn is also designed to foster the development of a “healthy blockchain ecosystem” together with the Binance Smart Chain (BSC) and Binance Coin (BNB) communities. According to the official blog post, the new system, dubbed “BNB Auto-Burn,” will have two characteristics. It will be...

Stronghold Digital Mining purchased over 9000 BTC mining rigs, which will allow it to add roughly 826 petahashes per second (PH/s) to its power generation facilities. The Pennsylvania-based company bought 9080 Bitmain and MicroBT mining rigs, as per an SEC filing on Monday. The announcement is part of Stronghold’s Q3 earnings release on Nov. 30, 2021, which denotes that the company has signed four separate deals for the mining rigs. The first 4,800 mining rigs are expected to...

New Jersey-based Manasquan Bank will participate in Bakkt Holdings’ early adopter program. When effective, it will enable customers of the financial institution to buy, sell, and hold cryptocurrencies. Bakkt Inks Another Partnership According to a recent press release, Bakkt’s project is anticipated to launch in Q2 2022. Initially, the platform will provide an entry point to adopt cryptocurrencies only to retail clients of Manasquan Bank. When the early adopter program gets...

Golden State Warriors point guard – Stephen Curry – is widely regarded as one of the best shooters in the history of the National Basketball Association. On Monday (December 20), he proved his legacy by scoring the 2,974 3-pointer in his career and thus surpassing Ray Allen’s record. To celebrate this achievement, Curry launched an NFT collection consisting of every 3-pointer he has netted in his NBA appearances. Each collectible is priced at $499 as the athlete will donate...

The healthcare services firm “Ask the Doctor” recently added 31 billion Shiba Inu (SHIB) tokens to its balance sheet. However, the company’s support towards the memecoin did not last much. The fact that Shiba Inu’s founders have not revealed their real identities shows that the project is a scam, “Ask the Doctor” claimed. The latter even vowed to take it a step further and go to court. From Approval to Denial Until today, the Toronto-based telehealth company – “Ask the...

Visor – a Uniswap-based protocol specializing in NFT smart vaults – was recently exploited by hackers to withdraw 8.8 million vVISR tokens. The Visor team appears to be addressing the issue, but the token’s price has collapsed in the aftermath. Hacked For Millions Visor Finance called attention to the exploit over Twitter earlier today. Apparently, the hack targeted the vVISR staking contract. Flaws in the contract include a re-entry hack to double mint vVISR tokens,...

Deutsche Telekom AG subsidiary – T-Systems Multimedia Solutions (MMS) – is not new to the world of blockchain technology. In the latest development, Polkadot (DOT) has become the fourth blockchain that the German telecommunications giant has added to its list. Additionally, it has purchased an undisclosed amount of DOT tokens. The latest move comes at a time when next-generation blockchains have moved beyond the hype and are witnessing growing adoption. Furthermore, it also...

MetaMask is one of the most popular non-custodial wallet applications with millions of active users. Now, it also teases that in-app non-fungible tokens will also come to life soon. CryptoPotato reported earlier in November that the popular non-custodial wallet MetaMask has reached a whopping userbase upwards of 21 million. MetaMask is in the middle of the ongoing DeFi boom as it’s the most popular wallet. Now, the team also teased about upcoming NFTs on the MetaMask browser...

Figment – a company that provides blockchain infrastructure and protocol staking – announced a $110 million Series C fundraise at a $1.4 billion post-money valuation. The investment was led by Thoma Bravo – an American private equity and growth capital firm. Figment to Work on the Web3 Ecosystem Apart from Thoma Bravo, the funding round was supported by many other giants in the financial field. These include Counterpoint Global (one of Morgan Stanley’s equity teams), Binance...