The 2022 MTV Video Music Awards (VMAs) added a new category to its list of competition categories. This year artists are eligible to compete under the category of “Best Metaverse Performance” for a coveted award. Initially, the award show began in 1984 as an esteemed recognition for music video prowess. Major music artists, including Madonna, Nirvana and Kanye West, are…
Qatar’s recently released “National Blockchain Blueprint” has suggested that the technology, combined with a “solid regulatory framework,” can help the country build an innovative information technology (IT) sector. However, for this to happen, Qatar must implement recommendations laid out in the blueprint. Qatar Said to Be Well Placed to Become Blockchain Hub A blueprint jointly drafted by Qatar’s Communications Regulatory…
One of the most substantial value propositions of Bitcoin (BTC) is that no one can create more of it apart from its fixed supply. However, an executive from a crypto exchange made a bold claim that some exchanges can create and sell BTC that’s only in their system, not on the blockchain, to manipulate the market. In an interview with…
Bitcoin (BTC) is staging a repeat of price action from May with its latest drop, the latest data shows. As the dust settles on a 6% comedown for BTC/USD, analysis argues that its trip to $25,000 was never meant to last. Realized price comes back to haunt the BTC chart After taking some by surprise with its magnitude, the latest…
The crypto market registered a major slump on Friday, resulting in major cryptocurrencies losing key support and falling to new monthly lows after a prolonged bullish surge over the past month. Bitcoin (BTC), which was looking to break through $25,000 resistance last week, fell below $22,000 to register a new two-week low of $21,747. Ether (ETH), the second largest cryptocurrency,…
Ukrainians will be able to purchase electronics and other products with digital coins thanks to a service provided by Whitepay. The payment processor, established by the Ukrainian-born digital asset exchange Whitebit, has recently implemented crypto payments in the country’s largest tech stores. Crypto Platform Whitepay Launches Coin Payments in Major Tech Stores in Ukraine Whitepay, one of the platforms operating…
SBI Holdings, Japan’s leading financial service company, will close down its crypto mining operations in Russia, per a Bloomberg report. A spokesman for the firm said that one of the reasons behind the move is the overall uncertainty over the prospects of the mining business in Siberia following the sanctions imposed on Russia in the wake of the invasion of…
Hodlnaut, a Singapore-based crypto lender, updated the community on its judicial management filing as well as announced two troubling updates. First, the platform announced cutting 80% of its staff, roughly 40 people, “to reduce the company’s expenditure.” Today’s statement indicated that the remaining employees were “necessary” for current operations. Second, and perhaps more troubling, was the news that Hodlnaut is…
This is an opinion editorial by Nikita Chashchinskii, a software developer working on BIP300 sidechains. Drivechain as defined in BIP300 and BIP301 offers a new vision for Bitcoin, in which the following problems are solved: It offers an alternative to our existing contentious and political process for changing Bitcoin. “Layer 1” rules never have to change, and new features are…
Cryptocurrency lending firm Hodlnaut has cut most of its workforce and has applied to be placed under judicial management due to bleak financial circumstances. Hodlnaut, which offers interest-bearing cryptocurrency investment options in vetted institutions, confirmed the dire state of affairs on Aug. 19. The company’s poor financial position has been put down to losses suffered by its Hong Kong subsidiary…
