Tom Seyer, hedge fund billionaire and advocate for the environment, has taken aim at Bitcoin, calling the cryptocurrency an environmental disaster. Bitcoin is a huge user of electricity, so to the extent that that electricity is derived from fossil fuels and is emitting greenhouse gases and other dangerous toxins, then its a problem, Steyer told Yahoo Finance in an interview.…
Hybe, the South Korean label behind K-Pop group BTS, is teaming up with the country’s largest crypto exchange, Upbit, to launch a non-fungible token (NFT) business. Entertainment giant Hybe is buying up a 2.5% stake in Upbit’s parent company Dunamu and issuing 2.3 million shares, giving Dunamu a 5.6% stake in Hybe,according to a regulatory filing. The joint venture company…
Crypto payment gateway Bitfinex Pay has integrated with MetaMask, the popular browser and wallet extension powered by ConsenSys, potentially opening the door to tens of millions of users. The integration, which officially went live on Friday, gives MetaMasks more than 10 million active users access to Bitfinex Pay. By logging into their wallets, MetaMask users will have the ability to…
Authorities in Kazakhstan have introduced restrictions on the amounts of cryptocurrency retail investors can buy on local exchanges. Officials explained the decision citing the need to protect private individuals from exposure to the risks associated with digital financial assets. Investors in Kazakhstan Can Buy up to $1,000 in Crypto a Month Without Declaring Income Kazakhstan has adopted limits for crypto…
The FBI has issued a warning against fraudulent schemes that employ the use of cryptocurrency ATMs and QR codes for payment. The FBI has seen an increase in scammers directing victims to use physical cryptocurrency ATMs and digital QR codes to complete payment transactions, the FBI said in a public service announcement. According to the FBI, these fraudulent schemes involve…
European central banks ramp up their efforts to utilize distributed ledger technology (DLT), the foundation of blockchain, in central bank money settlements. Banca dItalia and Deutsche Bundesbank, central banks of Italy and Germany, respectively, joined forces to work on settlements in central bank money of DLT-based asset exchanges. The official announcement stressed that the primary goal of the joint workshop…
Sky Mavis, the company behind the development of Axie Infinity, has launched Katana, the first decentralized exchange for Ronin, its custom-made Ethereum sidechain. Katana will feature all of the tokens used in Sky Mavis’ products, including SLP and AXS, the native tokens of the Axie Infinity ecosystem. This new product will allow users to earn rewards for providing liquidity. …
Metropolises led the crypto-related hires in the United States during 2021, but jobs in the space are well dispersed around the country, LinkedIn data revealed. A new study conducted by LinkedIn for Bloomberg shows that there is not a single hub for crypto or blockchain specialists in the United States. Searching through LinkedIn members in the U.S. who listed a…
press release PRESS RELEASE. Dubai, UAE, 5th November 2021 — Mintverse, a new and improved NFT service platform, closes their seed round raising $1.5 million from private investors. Led by A&T capital, and other large investment firms including Mirana Ventures, Longling Capital, Genesis Block Ventures, FBG, Fenbushi Capital, Cipholio Ventures, Nebulas, Ceras Ventures, NDG and other individual angel investors, Mintverse…
Microsoft has announced the launch of a metaverse-inspired feature for its Teams app called Mesh. Mesh will allow users to introduce personalized avatars in digital worlds, making meetings more immersive. The platform is being announced on the heels of Facebook’s pivot to becoming a metaverse-dedicated company, changing its name to “Meta.” Microsoft Embraces the Metaverse Software behemoth Microsoft…
