In brief Sloika, a photography-centric NFT platform, has raised $2 million in seed funding. Ev Tchebotarav, founder of photo-sharing site 500px, is one of Sloika’s co-founders. Photography NFTs are rising in both profile and demand, with a growing pack of notable artists selling shots for sizable sums, while well-known NFT collectors make a concerted push towards amassing photos. Now, a…
Philanthropy platform The Giving Block is launching the Crypto Giving Tuesday initiative on Tuesday, November 30, according to a statement sent to Bitcoin Magazine. The campaign will take place on the same day as the world’s most prominent day of global generosity, Giving Tuesday, to connect bitcoin donors with nonprofits across various sectors. The Giving Block facilitates nonprofit organizations’ experience…
As 2021 nears its end, the firm Harpercollins, the publisher behind the printed and online Collins English Dictionary, has revealed “The Collins Word of the Year.” According to collinsdictionary.com, the word of the year is the abbreviation for non-fungible token, otherwise known as “NFT.” Collins English Dictionary Word of the Year Is NFT Non-fungible token (NFT) collectibles have obtained a…
Shiba Inu (SHIB), a Dogecoin-inspired meme cryptocurrency, emerged as one of the best performers across traditional and crypto markets entering the new weekly session as its price climbed by over 30% week-to-date. SHIB’s price reached $0.00005155 Tuesday after bouncing from its technical support near $0.00003560 at the beginning of this week. Its rebound signaled a shift in trend, especially after…
2TM, the parent company of Brazilian cryptocurrency exchange Mercado Bitcoin, has received $50.3 million in fresh financing to expand its operations across Latin America, sending a strong signal that venture capital sees growth potential in the region. The Series B fundraiser had participation from United States-based funds 10T and Tribal Capital, as well as Brazilian companies Traders Club, Pipo Capital…
Central bank digital currencies (CBDC), digital versions of national currencies introduced in response to growing cryptocurrency adoption, would be an essential tool for combating crypto, according to the Bank of Indonesia. The central bank of Indonesia is considering launching a digital rupiah to “fight” against cryptocurrencies like Bitcoin (BTC), Bank of Indonesia’s assistant governor Juda Agung said at a recent…
Galaxy Digital is raising fresh funds to continue the firm’s expansion and to keep pace with the crypto industry’s continued growth. The firm is looking to raise $500 million through the sale of five-year convertible bonds in exchange for stock in the company. These notes would earn holders 3% interest and are set to mature in 2026, according to the…
According to an analysis of the $417.5 million that was raised by Nigerian tech startups during the first nine months of 2021, fintech firms accounted for about $379 million or 90.78% of the total. Nigerian Fintechs Dominate the African Continent Nigerian fintechs currently account for more than 90% of the $417.5 million that was raised by tech startups during the…
Shiba Inu (SHIB), a popular meme coin and Dogecoin competitor, has soared to an intraday high above $0.00005097 on Tuesday morning, marking an increase of 31.4% in the last day. For Shiba Inu, this is the highest level since November 19, when the token traded above $0.00005100 before plummeting to $0.00003660 a week later, according to data from CoinGecko. Launched…
Hip-hop artist and NFT collector Snoop Dogg has launched his first NFT collaboration with mixed media artist Coldie on the non-fungible token marketplace SuperRare during Miami Art Week. Decentral Eyes Dogg depicts an animated collage of images taken from throughout Snoop Dogg’s life, set to new audio recorded by Snoop for the NFT. “The tech we used allows the viewer…
