Vulcan Forged, a gaming and NFT platform, suffered a security breach that allowed attackers to gain control of some cryptocurrency wallets of the service. The hackers got hold of 96 user wallets and managed to steal more than 4.5 million PYR, the native token of the project, among other assets. Vulcan is now dealing with the aftermath and announced it…
Dogecoin (DOGE) saw a sudden price increase on Dec. 14 after Elon Musk announced that Tesla would begin accepting it for some purchases. DOGE/USD 1-hour candle chart (Bittrex). Source: TradingView Data from Cointelegraph Markets Pro and TradingView showed DOGE/USD climbing over 25% to become the only major cryptocurrency to deliver gains on the day. The meme-based altcoin had followed Bitcoin (BTC)…
Elon Musk, Tesla CEO, has announced via Twitter that Tesla will begin accepting Dogecoin as payment for merchandise. “Tesla will make some merch buyable with Doge & see how it goes,” Musk tweeted. The news comes a day after Elon Musk was announced as Time Magazine’s Person of the Year for 2021. Since this news broke, Dogecoin’s price has surged…
Elon Musk, Tesla CEO, has announced via Twitter that Tesla will begin accepting Dogecoin as payment for merchandise. “Tesla will make some merch buyable with Doge & see how it goes,” Musk tweeted. The news comes a day after Elon Musk was announced as Time Magazine’s Person of the Year for 2021. This is a developing story, check back for…
German savings banks are reportedly planning to allow customers to invest in major digital currencies like Bitcoin (BTC) and Ether (ETH) directly from checking accounts. Savings banks in German-speaking countries, also known as Sparkassen, are working on a pilot to launch an in-house cryptocurrency wallet and exchange next year, local business magazine Capital reported Dec. 13. The pilot project is…
The Sandbox co-founder Sebastien Borget wants to defend the Metaverse from the Big Tech giants aiming to make a foray into the nascent market. In a recent interview, Borget said that he is not very keen on big tech companies such as Meta joining the Metaverse. He explained further that major technology companies could threaten the decentralization of the Metaverse…
The Bank of England has warned that the cryptocurrency industry—and its risks—may be a danger to the established financial system in time, per the BBC. “The point, I think, at which one worries is when it becomes integrated into the financial system when a big price correction could really affect other markets and affect established financial market players,” Sir Jon…
Tesla CEO Elon Musk believes that Bitcoin (BTC) is not that good for everyday payments as the meme-based cryptocurrency, Dogecoin (DOGE). Musk compared the world’s largest cryptocurrency, Bitcoin, to DOGE in a Time Magazine interview shortly after being named Time’s 2021 Person of the Year. “Bitcoin is not a good substitute for transactional currency. Even though it was created as…
On Monday, the blockchain game developer and investor Animoca Brands announced a partnership with the Bored Ape Yacht Club (BAYC) in order to develop a BAYC play-to-earn game leveraging the collection’s popular NFTs. Bored Ape Yacht Club has seen 23,016 sales to date and has a market valuation of around $2.05 billion. BAYC and Animoca Brands Team up to Launch…
Sportswear manufacturer Nike announced the acquisition of virtual sneakers and collectibles brand RTFKT. Nike becomes the biggest U.S.-based athletic products manufacturer through this partnership to join the metaverse bandwagon. A Cointelegraph report from Nov. 02 highlighted Nike’s submission of requests for patenting the words — namesake, swoosh logo and just do it — for use online and in online virtual…
