Ubisoft, one of the biggest gaming companies in the entertainment world, mentioned blockchain as one of the key points of focus for the future of the brand. The company said it is exploring blockchain as an innovative technology to be included in games in its latest earnings report. While blockchain’s play-to-earn trend has experienced a boom this year, the traditional…
A cryptocurrency inspired by Netflix’s internationally hit TV show “Squid Game” scammed investors in what appears to be a$3.38 million “rug pull” scheme. Dubbed “SQUID,” the cryptocurrency plunged to almost a fraction of a cent minutes after crossing over $2,850 at 09:35 UTC, Nov. 1. The deadly drop surfaced following a 75,000% bull run, showcasing a greater demand for SQUID…
Compass Mining, the one-stop-shopping online bitcoin mining and hosting service announced today that it is adding 140 megawatts (MW) to its current 30MW capacity. Compass is partnering with Red Jar Digital Infrastructure to host a new mega facility in Ontario, Canada to provide Compass miners with what the announcement says is “marking the largest amount of power ever allocated for the company’s miners at…
The President of El Salvador Nayib Bukele has announced the nation will build 20 new schools with Bitcoin profits, the Press Secretary of the Presidency’s Twitter account confirmed. The funds come from the surplus of the Salvadoran Trust for the Adoption of Bitcoin, which is currently enjoying all-time highs at above the $60,000 price mark. The announcement was made just…
The Securities and Exchange Commission (SEC) has delayed the deadline for a decision on the proposed Valkyrie Bitcoin Fund to January 7, 2022. The Commission finds that it is appropriate to designate a longer period within which to issue an order approving or disapproving the proposed rule change so that it has sufficient time to consider the proposed rule change…
The Changelly team is thrilled to provide our users with an opportunity to exchange XYM tokens. Anyone can quickly and easily exchange XYM tokens at floating rates. XYM is a utility token of Symbol, the second blockchain released by the NEM Core developers. The Symbol blockchain was designed for high security and throughput while providing extended functionality through system-level plugins.…
Coinbase, the largest crypto exchange in the U.S, has announced the acquisition of Agara, a Bengaluru-based startup that operates a customer support platform powered by artificial intelligence (AI). The two companies didnt disclose the terms of the deal, however, it is expected to be between $40 million and $50 million, Techcrunch reported on Tuesday citing sources familiar with the matter.…
Bitcoin (BTC) abruptly hit one-week highs on Nov. 2 after days of sideways action ended in a brief but strong breakout. BTC/USD 1-minute candle chart (Bitstamp). Source: TradingView Upside action returns to BTC/USD Data from Cointelegraph Markets Pro and TradingViewfollowed sudden volatility on BTC/USD as it gained over $1,500 in minutes. At the time of writing, $63,400 formed a focus…
Paraguay is one of the destinations being considered by various companies for setting up their bitcoin mining operations. Last week, Chinese company Future Fintech announced formal plans to build a bitcoin mining facility in the country, explaining they were determining the best location for the upcoming farm. In June, local media declared that there were eight Chinese economic groups interested…
In brief The Sandbox has raised a $93 million Series B funding round. The upcoming Ethereum-based metaverse game lets users own, customize, and monetize land plot NFTs in a shared online world. Hype around the impending metaverse may be at an all-time high following Facebooks growing push into the spaceincluding rebranding its parent company as Metaand rising value for metaverse-related…
