Adidas, one of the world's leading sportswear brands, has unveiled its blockchain-powered virtual wearables, a limited collection of NFT known as "Virtual Gears." According to Adidas, the launch accelerates Adidas Originals' drive towards strengthening its community-based, member-first, open metaverse...
Since crypto giant FTX declared bankruptcy on November 11, 2022, the crypto industry has been fraught with uncertainty. Even as the entire crypto industry comes to terms with FTX's fall from grace, some industry heavyweights continue to believe in...
Flipside, a leading blockchain ecosystem growth and analytics company, has launched Badger, an essential solution for Web3 organizations. Organizations can distribute Web3 keys to contributors and employees using Badger, allowing them to implement and control flexible group policies for...
Binance, the world's largest crypto exchange, has secured approval from Financial Services Regulatory Authority (FSRA) in Abu Dhabi Global Market (ADGM). The exchange has been granted Financial Services Permission (FSP), allowing it to provide services to clients. An official...
Bankman-Fried took to Twitter on Wednesday to inform his followers that "there was too much leverage—more than I realized" in his business. This came barely hours after he stated that FTX US had sufficient funds to reimburse customers. The...
According to JS Held, a New York consulting firm has revealed that the Luna Foundation Guard (LFG) spent $2.8 billion defending its stablecoin $UST’s peg. The LFG disclosed the audit report via its Twitter handle. The audit was carried...
The contagion effect of the FTX liquidity crunch seems not to be letting up. Another exposed firm, Genesis, the crypto lending unit of Genesis Global Trading, has halted withdrawals and the issuance of new loan permits. The announcement was...
Binance Labs has made a $4 million investment in Ultimate Champions, a new fantasy sports app. Binance announced this investment via a blog post. The funding will help Ultimate Champions expand their reach, develop more games, and advance the...
Nike has unveiled "Dot Swoosh," a new Web3 platform. The footwear and apparel company has shown interest in Web3 technology, as well as the Metaverse and NFTs. Its first foray into new territory was the purchase of RTFKT, a...
Ripple Labs has been battling the SEC for nearly two years. A lawsuit was filed against them for unlawful sales of $1.3 billion worth of XRP tokens. According to the SEC, XRP is a security token that should have...
