Over the last week, the collapse of three of the largest banks backing the crypto scene — Silicon Valley Bank (SVB), Silvergate Bank and Signature Bank — has many industry pundits wondering how United States-based crypto companies will fare after such losses. While it has been said that there is “nobody left to bank crypto companies,” some in the crypto…
Bitcoin nonfungible tokens (NFTs) have captured the crypto world’s attention fast, opening new opportunities for the oldest blockchain and digital art enthusiasts. Since their explosion in 2020, NFTs have been typically minted and traded on Ethereum-based platforms, besides other blockchains, such as Cardano and Solana. However, a new protocol known as Ordinals was launched in January 2023 by former Bitcoin…
Like many small business owners, Amazon sellers can find it hard to get the credit they need to expand. They hit a brick wall because all too often the option to unlock capital from their assets is either prohibitively expensive or limited to bigger firms. But that’s about to change, thanks to the world of decentralized finance (DeFi). Centrifuge, the…
Blockchain operator Tassat announced March 14 that it will provide access to the United States Federal Reserve’s FedNow payment system. FedNow, which will launch as a pilot project later this year, will provide real-time, round-the-clock payment service. Tassat will serve as a business-to-business onramp for FedNow through a client-facing application programming interface (API), CEO Kevin Greene told Cointelegraph. Both the…
Digital fashion house DressX has raised $15 million to continue to expand its offerings of virtual and augmented reality wearables, the company announced Tuesday. The Series A funding round, led by European crypto investment firm Greenfield Capital, also featured participation from Slow Ventures, Warner Music, The Artemis Fund, and Red DAO, the digital fashion collective. Despite launching less than three…
Apple’s continued enforcement of in-app purchases to sell services remains a trade-off for NFT applications looking to tap into the convenience of streamlined in-app purchases for iPhone users and a massive user base around the world. As previously reported, Apple maintains strict rules for nonfungible token (NFT) apps, enforcing a 30% commission on the sale of NFTs through in-app purchases.…
The Department of Justice (DOJ) and the Federal Bureau of Investigation (FBI) are reportedly investigating the collapse of the algorithmic stablecoin terra usd (UST) and the firm Terraform Labs. Unnamed sources say that former staff members from Terraform Labs, the company behind the Terra blockchain project, have been questioned by U.S. law enforcement. Unusual Relationship: Report Claims Terraform Labs and…
sponsored The leading fiat-crypto payment gateway, Alchemy Pay, has revealed that it has joined forces with ZD Group, the parent company of Mouette Securities, a reputable global investment fund. Within the frame of this strategic collaboration, ZD Group provides investment and shares its four financial licenses authorized by Securities and Futures Commission (SFC) and Insurance Authority (IA) of Hong Kong…
Polygon has launched the ability to create Web3 .polygon domain names in partnership with Unstoppable Domains. The offering will allow users to log into Web3 applications, make use of human-readable wallet addresses and create decentralized websites. The service will be available to an estimated 180 million users and 40,000 services across the Polygon blockchain ecosystem. Unstoppable Domains makes use of…
Polygon has launched the ability to create Web3 .polygon domain names in partnership with Unstoppable Domains. The offering will allow users to log into Web3 applications, make use of human-readable wallet addresses and create decentralized websites. The service will be available to an estimated 180 million users and 40,000 services across the Polygon blockchain ecosystem. Unstoppable Domains makes use of…
