Day: 28 November 2022

VeChain has executed the first blockchain-based NFT transaction to monetize inventory. VeChain, a well-known blockchain firm, recently issued an NFT with a market value of approximately €1.5 million ($1,558,500) as part of an initiative to enable companies to raise capital without incurring debt by monetizing inventory on the blockchain. This ...

The Bitfront cryptocurrency exchange, owned by Line, has announced that it will shut down by March 2023 to focus on developing the Line blockchain ecosystem. According to the company's statement, the main reasons for the shutdown were significant issues in the cryptocurrency industry and the ongoing bear market.   Bitfront stated: ...

Galaxis has officially launched an invitation-only beta for its new platform, which enables non-technical users to design and create dynamic utility-driven NFTs and run their communities in a secure token-gated environment. Galaxis is a Non-Fungible Token (NFT) toolkit for building decentralized communities. Galaxis is a no-code NFT toolkit that modifies ...

For the past two days, a whale has been spotted moving Ethereum onto the Binance exchange. According to OxScope on Twitter, the suspicious activity began on September 23, 2022.  To begin, the whale transferred 0.22 ETH to a Binance wallet. Following that, no transactions were made on the account until ...

According to YTN, Terra-Luna Co-Founder Daniel Shin will likely face fraud charges in South Korea. The lawsuit contends that the now-defunct TerraLuna stablecoin, UST, was illegally promoted as a payment method in Korea.  The company had been warned by the Financial Supervisory Service that cryptocurrency payments were not accepted in ...

An Australian blockchain fintech startup, Ettle Proprietary Limited, has completed its first transaction using the AUDE stablecoin, according to a media release by the firm. The transaction involved business clients using the platform for software development services.  AUDE is a private Australian dollar stablecoin designed to facilitate asset purchases, sales, ...

Since the collapse of one of the largest cryptocurrency exchanges, FTX, reactions from various players and institutions in the crypto industry and other related sectors around the world have been pouring in. The fallout from the once-dominant crypto exchange has caused friction in the affairs of the Singaporean government, with ...

Vave, a modern 3D casino and cryptocurrency gaming platform, has opened its doors to the public. The recently launched gaming platform has a lot to offer prospective users. The company provides VIP and exclusive services while allowing its clients to remain anonymous.  Vave aspires to dominate anonymous cryptocurrency betting on ...

The future is looking up for blockchain technology, which is gaining support from governments all over the world. It is now clear that the importance of blockchain technology cannot be overstated.  Vladimir Putin, the president of the Russian republic, has come out to explain that the proper application of blockchain ...

One of the long-standing issues with Web3 and cryptocurrency technologies is their accessibility.  There is a lot of talk about blockchain technology, cryptocurrencies, and NFTs. Still, only a few people are familiar with the terms and applications of these technologies.  The world, however, is looking into how to make blockchain ...