Month: March 2022

U.S. to release 1 million barrels of oil per day from reserves to help cut gas prices

U.S. to release 1 million barrels of oil per day from reserves to help cut gas prices

KEY POINTS The Biden administration on Thursday said the U.S. will release 1 million barrels of oil per day from reserves. President Joe Biden will speak about energy prices later in the day. “The scale of this release is unprecedented: the world has never had a release of oil reserves at this 1 million per …

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Binance becomes official crypto exchange partner of 64th Grammy Awards

Binance becomes official crypto exchange partner of 64th Grammy Awards

Taking place on April 3, the 64th Grammy Awards ceremony will also feature exclusive NFTs via the OneOf marketplace, issued on Tezos. The Recording Academy, a major music recording company famous for its annual music awards Grammy Awards, has inked a partnership with Binance, the world’s largest crypto exchange by trading volumes. According to a …

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OCTAPHARMA LAUNCHES PILOT TO GET PAID IN BITCOIN FOR PLASMA DONATIONS

OCTAPHARMA LAUNCHES PILOT TO GET PAID IN BITCOIN FOR PLASMA DONATIONS

In collaboration with Swan Bitcoin and Spade Payment Solutions, OctaPharma is testing a pilot of 32 locations that allows donors to be paid in bitcoin. OctaPharma launches a 32 location pilot that pays bitcoin for plasma donations. Swan Bitcoin collaborated with Spade Payment Solutions in order to create a smooth user experience that simply requires …

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UAE-Based Crypto Exchange Bitoasis Obtains Provisional Approval From Dubai’s New Regulator

UAE-Based Crypto Exchange Bitoasis Obtains Provisional Approval From Dubai’s New Regulator

A major cryptocurrency exchange in the UAE, Bitoasis, has obtained provisional approval from Dubai’s new cryptocurrency regulator. Binance and FTX have also been green-lighted by the regulator. Bitoasis Pursuing License From Dubai’s New Crypto Regulator Bitoasis, a major crypto exchange founded and headquartered in Dubai, announced Wednesday that it has received “provisional approval” from Dubai’s …

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Solana’s SOL Highest Gainer Among Major Cryptos as Bitcoin Holds K

Solana’s SOL Highest Gainer Among Major Cryptos as Bitcoin Holds $47K

Investors are looking to allocate capital to altcoins and other major cryptocurrencies as appetite for risk is back, one analyst said. Solana’s SOL token led gains among major cryptocurrencies as the broader crypto market remained flat on Thursday following strong momentum from earlier this week. Ether (ETH) remained flat at the $3,400 mark alongside binance …

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Professional Investors Believe Crypto Will Become Mainstream, Study Says

Professional Investors Believe Crypto Will Become Mainstream, Study Says

A recent survey found that professional investors believe that digital assets will become mainstream in the future. The London-based crypto hedge fund Nickel Digital Asset Management survey found that more than eight out of 10 respondents in the study of 200 institutional allocators and wealth managers said they anticipate wider use cases of cryptocurrencies. According …

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Largest-Ever DeFi Hack: 4M Stolen From Ronin Network

Largest-Ever DeFi Hack: $624M Stolen From Ronin Network

A record-breaking sum of 624 million USD was stolen through a consensus attack on Axie Infinity’s Ronin Network. Rekt leaderboard gets new top spot According to Rekt.news, the hack remained unnoticed for six days and was only discovered yesterday, after a user was unable to withdraw ~5,000 ETH from Ronin’s cross-chain bridge. This means that the Rekt …

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Recession warning from Germany’s top economic advisors as Putin’s gas deadline nears

Recession warning from Germany’s top economic advisors as Putin’s gas deadline nears

KEY POINTS Germany’s Chancellor Olaf Scholz said last week that imposing an immediate ban on Russian energy imports “would mean plunging our country and the while of Europe into a recession.” Earlier on Wednesday, Germany’s Economy Minister Robert Habeck triggered a first warning, out of three possible levels, about gas stockpiles. European Central Bank President …

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Visa launches immersion program to help creators build their business with NFTs

Visa launches immersion program to help creators build their business with NFTs

The Visa Creator Program is the latest in a string of initiatives that Visa has carried out as it targets the digital creator economy. Visa announced the official launch of the Visa Creator Program, a one-year product strategy and mentorship program for entrepreneurs working in art, music, fashion and film who seek to accelerate their small business through …

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Sky Mavis Pledges to Reimburse Players Following Axie Infinity Hack

Sky Mavis Pledges to Reimburse Players Following Axie Infinity Hack

The company behind the popular play-to-earn game made the promise after a $625 million hack. Sky Mavis, the company behind popular play-to-earn game Axie Infinity, has pledged to reimburse players after hackers stole $625 million from the underlying Ronin blockchain. “We are committed to ensuring that all of the drained funds are recovered or reimbursed, …

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