According to reports from the BBC, Crypto.com has cancelled its sponsorship of the UEFA Champions League. The deal, worth £428 million over five seasons, fell through at the "last minute" due to concerns about stricter cryptocurrency regulations. Because...
Following Federal Reserve Chair Jerome Powell's eagerly anticipated keynote speech at the Fed's Jackson Hole, Wyoming, economic conference on Friday morning, the price of Bitcoin (BTC) fell by about 5% in the two hours that followed. The S&P...
The Office of Foreign Asset Control (OFAC) added Tornado Cash to the US sanctions list on August 8. Two days later, Dutch authorities apprehended Alexey Pertsev, a programmer for the crypto mixing service. Privacy advocates were outraged by...
The rankings for cryptocurrencies have changed today. The native coin of the Polygon blockchain network, MATIC, now has a larger market cap than Avalanche (AVAX). Polygon has flipped AVAX to become the 14th biggest cryptocurrency by market capitalization....
For the first time, the Security Service of Ukraine (SBU) has implemented a mechanism to prevent cryptocurrency fundraising for the Russian soldiers taking part in the national conflict. Full-scale war broke out when the Russian army invaded Ukraine...
Decentralized Finance (DeFi) is a cutting-edge, blockchain-based finance that does not depend on centralized financial intermediaries (such as exchanges or banks) but uses smart contracts built on blockchains. DeFi differs from traditional financial services in that a transaction...
Mining is essential for Proof-of-Work (PoW) cryptocurrencies since these blockchain networks rely on miners to execute transactions and maintain network security. Miners are given puzzles to solve, and the first to come up with the correct solution receive...
One of the primary goals of the NEAR Foundation is to build a network that allows people to take control of their data, finances, and governance tools. In the world of Web 3, this concept can be summed...
Nike, a major footwear brand, has generated approximately $185 million in NFT sales, making it the brand with the largest NFT revenue. According to Dune Analytics, Nike completed 67,000 sales transactions. Dolce & Gabbana (D&G), Gucci, Tiffany, and...
Unlike bitcoin, which can be sold almost immediately, the NFT industry is more liquid. It can take months for someone to buy another user’s NFT. This challenge brings about the need for financial instruments in the NFT industry. ...
