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May 2022

Free-to-Mint NFT Collection Goblintown Is Now Worth Over  Million

Free-to-Mint NFT Collection Goblintown Is Now Worth Over $50 Million

A non-fungible token (NFT) collection called Goblintown is capturing millions in sales, as the NFT project has recorded $22.85 million in sales this week surpassing Otherdeed’s $20.73 million. At the time of writing, Goblintown obtained $2.26 million in sales during the past 24 hours, and the collection’s floor value jumped 103.2% higher today, to a […]

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Binance Registers Legal Entity in Italy Amid European Move

Binance Registers Legal Entity in Italy Amid European Move

Binance recently secured regulatory approval in France as it continues its push into the European market. Cryptocurrency exchange Binance has registered Binance Italy as a virtual asset service provider with Organismo Agenti e Mediatori (OAM), a regulatory agency in that country for managing the lists of financial agents. “Clear and effective regulation is essential for mainstream adoption

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In the Economy 3.0, metaverses will create jobs for millions

In the Economy 3.0, metaverses will create jobs for millions

Metaverse job opportunities will likely exceed our expectations, with many keeping the same job even after the transition to virtual space. Job creation is traditionally engineered by politicians desperate to get the country back to work and to be seen as stimulating the economy. From the job creation programs of the Great Depression to United

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 billion collapse of major cryptocurrency is not the industry’s Bear Stearns moment — senators and regulators explain why

$60 billion collapse of major cryptocurrency is not the industry’s Bear Stearns moment — senators and regulators explain why

KEY POINTS For some investors, confidence is rocked as analysts call the events of the last month a Bear Stearns moment for crypto, comparing the contagion effect of a failed stablecoin project to the fall of a major Wall Street bank that ultimately foretold the 2008 financial crisis and mortgage debt crisis. But senators and

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Russia Mulling Crypto for Cross-Border Payments

Russia Mulling Crypto for Cross-Border Payments

Russia is reportedly mulling the plans to allow cryptocurrencies for cross-border payments as on one of the survival measures explorable as the country continues to battle sanctions from the West for its invasion of Ukraine. “The idea of using digital currencies in transactions for international settlements is being actively discussed,” Ivan Chebeskov, head of the

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Chinese Crypto Regulations Force NFT Gaming App Stepn to Block Mainland Users

Chinese Crypto Regulations Force NFT Gaming App Stepn to Block Mainland Users

China’s anti-crypto regulations have reportedly forced the non-fungible token (NFT) game, Stepn, to exclude users from the mainland starting on July 15. Shortly after the announcement, Stepn’s in-game cryptocurrency is reported to have briefly dropped by 38%. Stepn Adheres to Local Regulations China mainland users of the NFT gaming app Stepn will not be able

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Buterin: How to create algo stablecoins that don’t turn into Ponzis or collapse

Buterin: How to create algo stablecoins that don’t turn into Ponzis or collapse

“What we need is not stablecoin boosterism or stablecoin doomerism, but rather a return to principles-based thinking,” Vitalik Buterin emphasized. Ethereum co-founder Vitalik Buterin has shared two thought experiments on how to evaluate whether an algorithmic (algo) stablecoin is sustainable. Buterin’s comments were sparked by the multi-billion dollar losses caused by the collapse of the Terra ecosystem and its algo stablecoin

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Dogecoin Jumps on Elon Musk SpaceX Tweet

Dogecoin Jumps on Elon Musk SpaceX Tweet

The Tesla CEO said merchandise for his space exploration startup could soon be bought using the meme cryptocurrency. Tesla (TSLA) CEO Elon Musk is once again helping his pet cryptocurrency, dogecoin (DOGE), gain some momentum. The billionaire tweeted Friday morning ET that merchandise for SpaceX, his space exploration startup, will soon be able to be bought with

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