While the entertainment and production industry is still primarily dominated by the West, shows like the Squid Game demonstrate an opportunity for non-Western productions to take flight on the international scene. With some help from Web3, creators in developing markets can find their way to a bigger stage, according to an expert in the entertainment industry. In a Cointelegraph interview,…
The wide-ranging repercussions of May’s devastating crypto crash are still being accounted for. In a quarterly earnings report released yesterday, Bitcoin mining firm Stronghold revealed that it had reached an agreement with lender New York Digital Investment Group (NYDIG) and another participating broker, to return some 26,200 mining machines in exchange for the cancellation of $67.4 million in debt. Additionally,…
Troubled crypto lender Celsius Network has caught a break after the judge overseeing the firm’s bankruptcy case gave it permission to sell newly-mined Bitcoin, per a Law360 report. Judge Martin Glenn of the Bankruptcy Court for the Southern District of New York made the decision on Tuesday despite initial objections, including those related to the costs of Celsius’ Bitcoin mining…
The professional American football team the Houston Texans revealed that it has entered an exclusive partnership with the company Bitwallet. The deal will give Houston Texans fans the ability to purchase single game suites with cryptocurrencies. Bitwallet Becomes the ‘Official Digital Currency Wallet of the Houston Texans,’ NFL Team Accepts Crypto Assets for Single Game Suites On Tuesday, the crypto…
Ethereum (ETH) is all set to transition to a proof-of-stake (PoS) network by Sept. 15-16 that would see an end to its current proof-of-work (PoW) chain. This event would eliminate PoW mining from the Ethereum ecosystem. The terminal total difficulty has been set to 58750000000000000000000. This means the ethereum PoW network now has a (roughly) fixed number of hashes left to mine.https://t.co/3um744WkxZ…
Amid Colombia’s economic growth beat expectations in the second quarter, an official at the country’s tax and customs agency has hinted at some national digital currency plans. Luis Carlos Reyes, the head of the Colombian Tax and Customs National Authority, claimed that the government of newly inaugurated Colombian President Gustavo Petro will seek to create a digital currency to prevent…
High-profile security incidents continue to be a theme in 2022 as the Acala Network joined a long list of stricken platforms to fall prey to exploits. Acala’s aUSD token, which acts as the native stablecoin for the Polkadot and Kusama blockchains, saw its value plummet 99% after a misconfiguration of the iBTC/aUSD liquidity pool was exploited after its launch on…
Crypto.com today announced regulatory approval from the UK’s Financial Conduct Authority (FCA) to act as a crypto business. According to the FCA filing, the exchange is registered under FORIS DAX UK LIMITED. With this approval in hand, the firm also meets local anti-money laundering (AML) regulations. Kris Marszalek, CEO and co-founder of Crypto.com, said in the official announcement: “We are…
CeDeFi is a new financial system that combines centralized and decentralized systems. It provides privacy, reduced fees and ease of use. Source: https://cointelegraph.com/explained/what-is-cedefi-and-why-does-it-matter
The Nasdaq-listed firm Eqonex is closing its cryptocurrency exchange business. The company cited high competition among crypto trading platforms and fallen volumes as key reasons for shutting down its exchange. Eqonex Closing Crypto Exchange Eqonex Ltd. (Nasdaq: EQOS), a digital asset financial services company, announced the closing of its spot and derivatives cryptocurrency exchange Monday. The announcement states: The company…
