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Day: November 6, 2021

Ripple Reports Massive Sales Growth in Q3 Riding on Crypto Price Surge

Blockchain payments firm Ripple Labs Inc has announced its sales record for the fiscal third quarter in a bid to provide transparency to its broad community around the world voluntarily. According to the firm, the total XRP sales by Ripple, net of purchases, came in at $491.74 million as against $157.92 million it recorded in the …

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Bakkt will allow customers to trade ether on its platform in the ‘next few weeks’

Gavin Michael, CEO of Bakkt, rings a ceremonial bell at the NYSE on October 18. REUTERS/Brendan McDermid Users of Bakkt will be able to buy, hold, and sell ether directly through its app by the end of the year. Bakkt also said institutional clients can choose the Bakkt Warehouse for custody of ether. The digital asset …

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Electronic Arts CEO Thinks NFTs and Play-to-Earn Are Part of the Future of the Gaming Industry

Electronic Arts (EA), an important gaming and entertainment-oriented company, has made insightful remarks about the importance of NFTs and the play-to-earn model in its last earnings call. Andrew Wilson, CEO of the company, addressed the subject in response to several questions posed by business analysts. Electronic Arts Open to NFTs and Play-to-Earn Electronic Arts, the …

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DeFi Lender bZx Suffers Hack for Reported $55M

bZx tweeted that a private key controlling the protocol’s deployment on Polygon and Binance Smart Chain was breached. Decentralized finance (DeFi) lender bZx suffered a hack of reportedly $55 million, according to a tweet on Friday by the blockchain security firm SlowMist. “#bZx private key compromised, over $55 million dollars stolen so far. We’ll continue …

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Argo Blockchain’s Texas mining facility could cost up to $2B

CEO Peter Wall has cited Texas’ cheap renewable energy as well as its openness to innovation in new technologies as part of the reason for the construction of the data center. United Kingdom-based crypto mining company Argo Blockchain’s plans to build an 800-megawatt data center in West Texas could cost anywhere from $1.5 billion to …

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POLITICIANS ACROSS THE WORLD ADVOCATE FOR BITCOIN AS THE BENEFITS BECOME OBVIOUS

It seems that it’s becoming a trend for politicians to espouse the benefits of bitcoin — and that’s not a bad thing! THE WEEK OF POLITICAL ADVOCATES This week turned out to be rather interesting as politicians across the world sent out pro-bitcoin sentiments with the biggest step being mayors across the U.S. planning on …

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Nervos debuts mainnet beta layer-two blockchain project

Following the roll-out, the platform is now welcoming Ethereum blockchain developers to build upon Nervos Network in a bid to broaden its DApp ecosystem. Public blockchain platform Nervos Network has announced the mainnet beta launch of Godwoken. The layer-two blockchain protocol integrates Ethereum Virtual Machine capabilities and optimistic rollup mechanics to provide instant transaction finality …

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Coinbase Makes Shiba Inu Crypto Available to New York Residents After Adding SHIB Trading Pairs

The Nasdaq-listed crypto exchange Coinbase has made shiba inu cryptocurrency available to New York residents, who can now trade, buy, sell and store SHIB on Coinbase. This announcement follows the exchange adding SHIB trading pairs. Coinbase Grows Its Shiba Inu Crypto Offerings Cryptocurrency exchange Coinbase announced Friday that the shiba inu (SHIB) cryptocurrency is now …

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Metaverse Tokens See Triple-Digit 7 Day Gains, Crypto Market Cap Inches Toward $3 Trillion

While bitcoin has been consolidating for a few days now, a number of other digital assets have seen solid seven-day gains. The two metaverse tokens sandbox and decentraland have skyrocketed over 170% during the last week. Crypto assets like loopring, crypto.com coin, and arweave have spiked in value more than 66% and up to 169% …

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House Sends Infrastructure Bill With Crypto Tax Provision to US President

The vote passed with bipartisan support on Friday night. The U.S. House of Representatives voted to pass a bipartisan infrastructure bill that contains a controversial cryptocurrency tax reporting requirement. The House voted in favor of the bill with at least 218 ayes late Friday night, fulfilling a key priority for the Biden administration amid controversy …

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