Vogue Singapore and other fashion platforms are creating Web3 communities for users, but will the concept catch on? A recent report from technology research and advisory firm Technavio predicts that the Metaverse will hit a market share value of $50.37 billion by the year 2026. Therefore, it shouldn’t come as a surprise that the trillion-dollar...Continue Reading

Daily transactions in the Solana blockchain consistently increased, ending with more than 40 million daily transactions compared to Ethereum’s 1 million daily transactions between April and June. Hype does not always equate to greater adoption, as the on-chain data from the second quarter of 2022 shows Solana (SOL) surpassing Ethereum (ETH) in users’ daily transactions...Continue Reading

On-chain and technical indicators also hint at more pain for Bitcoin and Ethereum for the remainder of 2022. Bitcoin (BTC) and Ethereum’s native token, Ether (ETH), started the week on a depressive note as investors braced themselves for a flurry of rate hike decisions from central banks, including the U.S. Federal Reserve and Bank of...Continue Reading

Just like Binance, India-based exchange WazirX will implement BUSD auto-conversion for balances of USDC, USDP and TUSD at a 1:1 ratio in October. Major Indian cryptocurrency exchange WazirX has opted to delist the USD Coin (USDC) from its platform and convert the remaining balances into Binance-backed Binance USD (BUSD) stablecoin. WazirX officially announced on Monday...Continue Reading

Gaming companies Zebedee and Thndr are taking advantage of the Lighting Network, atop Bitcoin, to entertain and onboard gamers into Bitcoin. You can now play Solitaire, Snake and even Counter-Strike to earn Satoshis, tiny fractions of Bitcoin (BTC). Cointelegraph spoke to executives at Thndr Games, a play-to-earn (P2E) company built around Bitcoin and Zebedee, a...Continue Reading

Pension funds, insurance companies and other institutional investors matter because they invest for the long term, helping solve crypto’s volatility problem. Last week’s Merge was the “most significant development in the history of the Ethereum network,” according to Fidelity Digital.  And from a purely technical standpoint, the blockchain network’s transition from a proof-of-work (PoW) to...Continue Reading

“We wanted to show Mojang that it could be done in a way that benefited them and benefited their player base,” said MyMetaverse CEO Simon Kertonegoro. Despite Minecraft creator Mojang Studios being against the integration of nonfungible tokens (NFT), a Metaverse-focused firm managed to introduce NFTs into several games including its own Minecraft server. In...Continue Reading

The Financial Conduct Authority claims that the company “may be providing financial services or products without authorization.” The Financial Conduct Authority (FCA), the chief financial regulator in the United Kingdom, issued a warning to Bahama-based crypto exchange FTX, claiming it operates without authorization. The company joined a growing list of unregistered cryptocurrency-related businesses that continue...Continue Reading

The proof-of-work fork of the Ethereum blockchain was targeted by a cross-chain contract exploit. Post-Ethereum Merge proof-of-work (PoW) chain ETHW has moved to quell claims that it had suffered an on-chain replay attack over the weekend. Smart contract auditing firm BlockSec flagged what it described as a replay attack that took place on Sept. 16,...Continue Reading

The current market downturn is being attributed to a number of macroeconomic factors, such as higher-than-expected CPI data and a possible biggest Fed rate hike in 40 years. The crypto market turmoil entered the third week of September as most of the cryptocurrencies started the week on a bearish note. The total crypto market cap...Continue Reading