News Articles for 2022-10-13

Discover how Mona's AI-powered 3D generator is revolutionizing material design in the metaverse and Web3 space.

Avalanche (AVAX) struggles in the NFT market and faces price declines, but sees strong buying interest on Coinbase.

The popular play-to-earn NFT game Axie Infinity has experienced a significant drop in monthly active users, reaching levels not seen since early 2021. This decline coincides with the broader crypto market downturn and changes in game mechanics.

Bandai Namco Entertainment announces a significant investment in Gangbusters, a UK-based studio specializing in blockchain social games, to enhance fan engagement and explore the metaverse.

Binance has conducted its 21st quarterly BNB token burn, removing $547 million worth of tokens from circulation. Learn more about the event and its implications.

Binance has successfully completed its 21st quarterly BNB token burn, removing approximately $547 million worth of Binance Coin (BNB) from circulation. This burn further reduces the total supply of BNB, potentially increasing its value and demand in the cryptocurrency market.

Binance adds USTC as a borrowable asset on Binance Crypto Loans, marking a significant step in supporting the Terra Classic network.

Analyst warns of impending sharp price changes in Bitcoin and other cryptocurrencies due to high leverage and low volatility.

Nigel Farage discusses Bitcoin's potential as a trusted means of exchange in Europe amid rising inflation.

Crypto supporters argue that Bitcoin's creator deserves the prestigious award for revolutionizing financial systems and economics.

Bitcoin maintains stability above $19k as markets await CPI data. October becomes the worst month for crypto hacks with over $718M stolen. Coin Center sues the US Treasury over Tornado Cash sanctions. BNB Smart Chain completes a hard fork post-hack, and Crypto.com invests $145M in France.

Discover how Texas is becoming a global hub for Bitcoin mining, leveraging its abundant renewable energy and low-cost power to attract crypto enthusiasts and stabilize the grid.

Florian Grummes, Managing Director of Midas Touch Consulting, shares his insights on Bitcoin's potential price movement during the ongoing crypto winter.

Bitcoin's growing dominance in the crypto market hints at a potential rally, supported by key technical indicators.

Bitcoin experienced significant price fluctuations following the release of the U.S. Consumer Price Index (CPI) data, showcasing its sensitivity to macroeconomic indicators.

Blockchain.com becomes the latest crypto exchange to secure preliminary approval from Singapore’s central bank for Digital Payment Token services.

BNB Smart Chain has successfully implemented the Moran hard fork to fix a security vulnerability that led to a $100 million hack. Learn more about the updates and their impact on the network.

Budweiser partners with FIFA to release the Budverse x FIFA World Cup NFT collection, offering fans a chance to win a trip to the World Cup finals and track their favorite teams in real-time.

Cardano's price dropped significantly, marking its largest one-day percentage loss since August 19, while Bitcoin and Ethereum also saw declines in a challenging day for cryptocurrencies.

Charles Hoskinson discusses key developments in cryptocurrency regulation and the potential impact of the upcoming U.S. election on the crypto space.

China's central bank digital currency (CBDC) project has achieved a significant milestone, with nearly $14 billion in transactions during its pilot phase. The digital yuan, or e-CNY, has become the most widely adopted CBDC globally.

China's digital currency, the e-CNY, has reached a milestone of 100 billion yuan in transactions, marking a significant step in its adoption and development.

A critical security vulnerability impacting all IBC-enabled Cosmos chains has been identified and addressed. Learn about the patch release and recommended actions.

Crusoe Energy Systems has acquired the operating assets of Great American Mining, enhancing its Bitcoin mining capabilities amidst rising challenges in the industry.

Analysts and crypto leaders call for unity amid rising tensions and online harassment within the cryptocurrency community.

Despite DeFi's growth, cryptocurrency investors remain loyal to centralized exchanges due to security concerns.

Explore how recent crypto price trends for Bitcoin and Ethereum contradict current market sentiments, offering insights for swing traders.

Crypto.com announces a significant investment in France, establishing its European regional headquarters in Paris and reinforcing its commitment to the region's crypto market.

Reports of low daily active users in Decentraland raise questions about the future of Web3 and metaverse ecosystems.

October 2022 has become the biggest month for hacking activity in the DeFi space, with $718 million stolen across 11 hacks, according to Chainalysis.

Ethereum whales are heavily invested in meme tokens, with Shiba Inu (SHIB) leading among the top 1000 ETH whales in the last 24 hours. Discover the latest trends in crypto whale activity.

Fantom (FTM) has experienced a significant price drop of 5.51%, with bears taking control of the market. Technical indicators suggest continued downward pressure, raising concerns among traders.

The Financial Accounting Standards Board (FASB) has proposed fair-value accounting for crypto assets, requiring firms to reassess values annually and recognize losses promptly.

Federal Reserve Vice Chair Michael Barr expresses concerns over crypto's volatility and risks, advising banks to approach cautiously, while institutional interest in digital assets continues to grow.

A top European Commission official emphasizes the importance of Fintech companies improving their communication strategies to address public misconceptions and showcase their value.

The Firozabad Police Department in India has introduced a blockchain-powered complaint portal using Polygon, aiming to combat corruption and ensure transparent FIR registration for citizens.

Firozabad district in India's Uttar Pradesh has introduced a blockchain-powered police complaint portal to enhance transparency and combat corruption.

Paris authorities prosecute five individuals linked to a phishing scam targeting Bored Ape Yacht Club NFT holders, with crypto investigator ZachXBT aiding the investigation.

Discover how Formula One is embracing Web3 through NFT trademarks and explore the transformative impact of nonfungible tokens on sports betting and the digital economy.

French authorities have charged five individuals suspected of stealing $2.5 million worth of NFTs through phishing scams targeting Bored Ape Yacht Club and Mutant Ape Yacht Club owners, with key insights from blockchain sleuth ZachXBT aiding the investigation.

FTX crypto exchange faces a significant loss due to a GAS theft vulnerability, with attackers minting XEN tokens at FTX's expense. Over 81 ETH has been stolen, and the attack is ongoing.

Explore the latest insights into Huobi Token (HT) and Swissborg (CHSB) price movements, highlighting potential drops and key technical indicators.

Huobi Token (HT) has shown strong resilience in the cryptocurrency market, with a 12% increase in the last 24 hours and over 80% gains since the start of the week.

Kazakhstan has introduced a draft bill requiring crypto miners to trade on domestic exchanges and imposing new taxes on their earnings. The legislation aims to regulate digital assets and attract investments in renewable energy infrastructure.

Crypto journalist Laura Shin confirms an upcoming interview with Do Kwon, the embattled founder of Terra, sparking curiosity about the topics to be discussed.

A Melbourne couple is facing legal action after mistakenly receiving $6.6 million on Crypto.com, which they believed was a competition prize.

Explore Meta's rebranding journey and its ambitious foray into the Metaverse and Web3, building on its history of innovation in digital technologies.

Discover how nonprofit organizations are leveraging NFT projects to raise funds and promote social causes, attracting younger donors and diversifying donation methods.

Blockchain indexing startup Nxyz raises $40 million in Series A funding to expand its operations and improve web3 infrastructure.

Blockchain analytics firm reveals October 2022 as the highest month for hacking activity in crypto history, with nearly $718 million exploited.

OpenSea, the world's largest NFT marketplace, has added support for Avalanche, enhancing its blockchain offerings and bringing new opportunities for creators and traders.

Polygon’s daily active addresses reached a record high, signaling strong network adoption despite MATIC’s recent price decline. Discover how Polygon is leading blockchain innovation.

Prysmatic Labs, a key developer behind Ethereum's Merge, joins Offchain Labs, the creator of Arbitrum, to further align their shared vision for the Ethereum ecosystem.

Russia has designated Meta Platforms Inc. as a 'terrorist and extremist organization,' effectively blocking access to Facebook and Instagram for Russian citizens. This move adds to the growing list of tech companies severing ties with Russia amid ongoing geopolitical tensions.

Samson Mow discusses the potential impact of Bitcoin's price surge on traditional financial systems and the implications for investors.

Samsung announces the integration of blockchain technology to boost security across its smart devices, introducing the Knox Matrix solution.

Discover why Indian investors are shifting focus to Shiba Inu (SHIB) despite regulatory challenges and market fluctuations.

Patrick McHenry highlights the need for regulatory clarity on stablecoins and digital assets as bipartisan legislative efforts progress.

A new report highlights the growing adoption of stablecoins in Russia following the invasion of Ukraine, driven by economic sanctions and inflation.

Explore the recent developments in STEPN's restructuring efforts, user base trends, and competitive landscape in the Web3 fitness app market.

Solana-based move-to-earn app STEPN is reducing its workforce and scaling back investments due to the ongoing crypto bear market and declining user activity.

Tether Holdings Limited has removed commercial paper from its reserves, replacing it with U.S. Treasury Bills to strengthen its financial backing.

Tether emphasizes the importance of stablecoins in driving financial inclusion and supporting global crime prevention efforts, while advocating for regulatory clarity and financial freedom.

Discover how crypto wallets have transformed from simple storage solutions to multifunctional platforms, including the emergence of Soulbound Tokens for digital identity.

TRX gains momentum after Tron's historic partnership with Dominica, despite broader market declines influenced by the IEA Oil Market Report.

The UK's Electronic Trade Documents Bill aims to replace paper-based trade documents with digital alternatives, potentially leveraging blockchain technology for enhanced traceability and efficiency.

Uniswap Labs raises $165 million in a Series B funding round led by Polychain Capital, with participation from top venture firms.

Uniswap raises $165 million in Series B funding to expand its ecosystem, including web apps, developer tools, and NFT initiatives.

Explore Upland's strategic partnership with Gala Games to enhance metaverse interoperability and expand digital ownership across platforms.

Senator John Hickenlooper urges the SEC to establish clear rules for the crypto market, addressing key regulatory issues.

Discover how Web3 mailboxes are transforming the way users manage decentralized activities, offering a seamless and secure communication experience.

Discover how the XRP Ledger (XRPL) pioneered a new consensus model, replacing traditional proof-of-work (PoW) with a more efficient algorithm.