Month: April 2022

Cardano Network Developers Increase Block Size by 10%

Cardano Network Developers Increase Block Size by 10%

The upgrade did little to buffer ADA prices in a falling market. A new upgrade on Cardano has seen the network’s block size increase by 10%, as per developers earlier this week. “Before the weekend, an update proposal was made to increase #Cardano mainnet block size by 8K,” said Cardano development firm Input Output in …

Cardano Network Developers Increase Block Size by 10% Read More »

AI-Generated NFT Collection to Preserve Ukrainian Art and Offer Humanitarian Support

AI-Generated NFT Collection to Preserve Ukrainian Art and Offer Humanitarian Support

Through a global coalition of advocates, digital innovators, artists, and educators, an AI-generated NFT collection has been established to conserve Ukrainian art and raise funds for humanitarian aid. Dubbed MINT FOR UKRAINE, the non-fungible token (NFT) collection of one million artworks is seen as a stepping stone toward keeping Ukrainian culture in the history books. Tymofiy Mylovanov, …

AI-Generated NFT Collection to Preserve Ukrainian Art and Offer Humanitarian Support Read More »

Fidelity’s Bitcoin 401(k) Offering Risks Retirement Security of Americans, Says Labor Department Official

Fidelity’s Bitcoin 401(k) Offering Risks Retirement Security of Americans, Says Labor Department Official

The U.S. Labor Department has “grave concerns” about Fidelity Investments allowing investors to put bitcoin into their 401(k) accounts for retirement savings. An official of the Labor Department said it risks the retirement security of Americans, stressing that “cryptocurrencies can present serious risks to retirement savings.” U.S. Labor Department’s ‘Grave Concerns’ Over Fidelity’s Bitcoin 401(k) …

Fidelity’s Bitcoin 401(k) Offering Risks Retirement Security of Americans, Says Labor Department Official Read More »

Amazon shares fall 14% for worst day since 2006

Amazon shares fall 14% for worst day since 2006

KEY POINTS Amazon shares closed down 14% on Friday, the worst day since 2006. The company on Thursday gave lighter-than-expected revenue guidance for the current quarter. Amazon also recorded a $7.6 billion loss on its investment in electric vehicle maker Rivian, which lost more than half its value in the quarter. Shares of Amazon closed down 14% …

Amazon shares fall 14% for worst day since 2006 Read More »

Turning up the volume: Blockchain projects aim to disrupt the music industry

Turning up the volume: Blockchain projects aim to disrupt the music industry

From letting fans co-own their favorite artists’ music to providing fair earnings for musicians, projects are using blockchain to change the music industry. Music is a tricky business. The industry has its fair share of controversies, from monopolies to the limited earning potential for up-and-coming artists. While Web2 brought many positive changes, the industry still …

Turning up the volume: Blockchain projects aim to disrupt the music industry Read More »

Nexo Token Enjoys Short-Lived Rally Upon Binance Listing

Nexo Token Enjoys Short-Lived Rally Upon Binance Listing

The price surged nearly 60% after the listing went live earlier Friday. NEXO, the token of the Nexo crypto lending protocol that offers credit cards and loans to retail users, surged over the last 24 hours after one of the world’s largest exchanges, Binance, listed the token. The token peaked at $3.64, just 13% off its all-time …

Nexo Token Enjoys Short-Lived Rally Upon Binance Listing Read More »

Panama’s National Assembly Approves Crypto Regulation

Panama’s National Assembly Approves Crypto Regulation

Panama’s legislature has passed the “Panama Crypto Law” in the third debate, which aims at making the country “compatible with the digital economy, blockchain, crypto assets, and the internet”.   Crypto regulation will improve financial inclusion, says Silva One of the proponents of the new bill is congressman Gabriel Silva. Via Twitter, Silva gave his thanks …

Panama’s National Assembly Approves Crypto Regulation Read More »

Global Investment Bank Goldman Sachs Offers Its First Bitcoin-Backed Loan

Global Investment Bank Goldman Sachs Offers Its First Bitcoin-Backed Loan

Global investment bank Goldman Sachs has reportedly offered its first-ever loan backed by cryptocurrency. The cash loan was collateralized by bitcoin owned by the borrower. A spokesperson for Goldman Sachs explained that the deal is interesting to the investment bank due to its structure and 24-hour risk management. Goldman Sachs and Bitcoin-Backed Loans Global investment …

Global Investment Bank Goldman Sachs Offers Its First Bitcoin-Backed Loan Read More »

Hong Kong’s K11 MUSEA Launches Large-scale Showcase of NFTs

Hong Kong’s K11 MUSEA Launches Large-scale Showcase of NFTs

Hong Kong’s K11 MUSEA is launching a large-scale showcase of non-fungible token (NFT) art from April 29 to June 19, 2022, along with educational workshops and talks for all ages. Over 200 pieces of art by more than 30 solo artists and NFT projects alike will be on display across nine floors, K11 MUSEA said. The artists …

Hong Kong’s K11 MUSEA Launches Large-scale Showcase of NFTs Read More »