In brief Kingship, a virtual band based on Bored Ape Yacht Club NFT artwork, has named Hit-Boy and James Fauntleroy its co-executive producers and songwriters. Universal Music Group’s 10:22PM label created the group in partnership with NFT collector Jimmy “j1mmy” McNelis, who owns the NFTs. Universal Music Group announced today that its virtual metaverse band, Kingship—which features characters based on…
On Monday, the stablecoin issuer Tether Operations Limited announced that the stablecoin tether is now supported by the Near blockchain network. Following a number of recent implementations, Near will be the 14th blockchain network that hosts the largest stablecoin by market capitalization. Tether Connects With the Near Protocol Tether has revealed that tether (USDT) is now supported by the Near…
The United States equities markets and the cryptocurrency markets have started the new week on strong footing. This suggests that investors’ expect the Federal Reserve’s possible 75 basis point rate hike in the Sept. 20 to Sept. 21 meeting to be priced in and it also could mean that investors believe inflation has peaked. Bitcoin’s (BTC) rally above $22,000 cleared…
Ethereum’s long-awaited upgrade this week may drive institutional adoption, researchers for Bank of America said on Friday. In a research note, the second-largest bank in the U.S. claimed the ability for Ethereum users to stake (i.e. pledge assets to the network) could increase interest for big investors. The second biggest cryptocurrency by market cap, Ethereum, is expected to complete its…
In the beginning of 2021, Filecoin was a relatively unknown decentralized peer-to-peer storage service with a total network capacity barely making a dent in the digital storage space. Less than two years later, the Filecoin team claimsthe blockchain has grown to eclipse 10% of the storage capacity of Amazon Web Service, the most popular vendor in the cloud infrastructure services market.…
Derivatives marketplace Chicago Mercantile Exchange Group (CME Group) announced the launch of options trading for its Ether (ETH) futures products Monday — the same week as the expected Ethereum merge. The launch of the new futures contract is “well timed,” CME Group global head of equity and FX products Tim McCourt said in a statement. He said: “As market participants…
Stone Ridge Asset Management, whose holding company is behind the New York Digital Investment Group, has filed notice with the United States Securities and Exchange Commission that it will liquidate its Bitcoin Strategy Fund. In a Monday SEC filing, the asset manager said the Stone Ridge Trust board of trustees approved a Friday plan to liquidate and dissolve its Stone…
We’re quickly approaching The Merge, the most notable upgrade in Ethereum’s history and a crucial turning point for the wider crypto industry. As the Ethereum blockchain transitions from proof-of-work (PoW) to proof-of-stake (PoS), The Merge is expected to be the bedrock upon which Ethereum’s scalability improvements are built. As this highly anticipated event draws closer, the ETH community has begun…
Major stablecoin issuer Tether Operations Limited continues expanding integrations with diverse blockchain networks, launching the Tether (USDT) stablecoin on the NEAR Network. Tether USDT is now live on the NEAR Network, a smart contract-enabled blockchain platform designed for decentralized applications, Tether officially announced on Monday. The integration of Tether into the NEAR ecosystem is a major milestone in the firm’s…
On September 12, the multinational chain of coffeehouses, Starbucks, announced the firm has partnered with the blockchain project Polygon and unveiled the company’s Web3 technology called Starbucks Odyssey. The Web3 platform Starbucks Odyssey will provide Starbucks rewards members and the company’s U.S. employees with the opportunity to earn non-fungible token (NFT) assets. Coffeehouse Company Announces Web3 Platform Starbucks Odyssey Starbucks…
