In brief NFT marketplace Rarible has launched a messaging service that lets users communicate via their wallet addresses. Rarible plans to eventually expand the service outside of the marketplace to be a standalone web3 communication tool. Amid growing demand for NFTs, including nearly $10.7 billion worth of trading volume in Q3, the marketplaces that sell such tokenized digital collectibles are…
The term “digital ownership” has only recently come to mean anything. While nonfungible tokens (NFTs) have been around for some time now, it’s in the last year or two that they’ve caught the attention of mainstream media. The third quarter of 2021 alone saw over $10 billion in NFT trade volume across blockchains, a substantial increase from Q2’s $1.2 billion.…
In brief Bitcoin rewards app Fold is adding an augmented reality component to its app so users can hunt for more BTC. Fold CEO Will Reeves says Fold Visa debit cardholders will be able to collect extra rewards and perks. Not content with gamers capturing digital monsters, Niantic Labs, the company behind Pokemon GO, is taking things to a new…
We’re thrilled to announce that Kraken now supports free withdrawals to U.S. bank accounts via the Automated Clearing House (ACH) network. Here’s What You Need To Know ACH withdrawals are available via the website in the Funding section. Select it as an option when withdrawing USD. This method is currently available to Intermediate and Pro clients outside of TX, NY…
Cryptocurrency wallet Exodus has officially integrated with SportX, an online sports and crypto betting platform, giving users the ability to wager on esports games through smart contracts executed on the Polygon network. The partnership, which was announced Tuesday, gives Exodus’ more than 1 million users access to SportX’s decentralized betting exchange, where they can place bets on a wide range…
The Australian Securities and Investments Commission (ASIC) is trying to gain access to up to AUD 29 million (approximately $21 million) worth of Bitcoin stored on a cold wallet belonging to a Gold Coast resident suspected of being the mastermind behind a large-scale fraud scheme. Australian crypto exchange CoinSpot’s oversight controls have also been called into question in the fraud…
The International Monetary Fund (IMF) has warned El Salvador against using bitcoin as legal tender due to various risks associated with cryptocurrency. The warning came one day after Salvadoran President Nayib Bukele announced his plan to build a “bitcoin city” powered by a volcano and financed by bitcoin bonds. IMF Says El Salvador Shouldn’t Use Bitcoin as Legal Tender The…
The Indian government will be considering a bill which would create a digital rupee starting as early as next week, but may also ban certain cryptocurrencies in the country. According to a Nov. 23 publication, India’s lower house of parliament, Lok Sabha, will consider The Cryptocurrency and Regulation of Official Digital Currency Bill as one of 26 new bills when…
Hilton hotel heiress Paris Hilton joined a $20 million funding round in the Swiss nonprofit NFT project Origyn Foundation. Participants in the latest round include legendary investor Bill Ackman’s hedge fund Table Management and crypto investment firm Polychain Capital, all of whom brought Origyn’s new valuation to $300 million. Origyn runs on Dfinity’s Internet Computer Project and uses artificial intelligence…
It’s true, Tim Draper has picked losers. He tells me this even before I ask him. The VC legend who backed Hotmail, Tesla, SpaceX, Coinbase, Ledger and many other successful companies readily coughs up that he has invested in lemons. Some, he says, have totally gone out of business, but others just didn’t give him the money back. “By the…
