After a large earthquake hit Morocco causing at least 2,000 fatalities in Marrakech alone, Morocco’s fourth largest city, the cryptocurrency exchange Binance pledged millions in Binance Coin (BNB) as aid relief. According to an announcement on Sept. 11, a few days after the disaster struck, Binance said it will airdrop up to $3 million in (BNB) to users it has…
Diesel’s Milan Fashion Week shows are buzzworthy events guaranteed to grab the attention of its Gen-Z fanbase, with last season’s runway backdropped by a mountain of 200,000 co-branded Durex condoms. And when the Spring 2024 collection bows on September 20, there will be up to 300 extra guests—thanks to NFTs. The Italian label, helmed by creative director Glenn Martens, is…
The ecosystem of layer 2 blockchain solutions powered by zero-knowledge proofs welcomes a new player as Manta Network takes its ZK-as-a-service platform live. Manta Pacific is a modular L2 aimed at powering EVM-native decentralized applications (DApps) using ZK-proof technology. The platform offers a software development kit and ZK library that is touted to provide plug-and-play functionality for developers. Being EVM-native…
Genies, the metaverse avatar tech company that achieved a $1 billion valuation in April 2022, has revealed its next moves: a social network of crowdsourced mini-games, fueled by a $500,000 digital fashion fund that includes celebrity co-creation opportunities. The startup will launch The Workshop, a platform of 3D design tools and creative prompts that digital artists can leverage to create…
Nonfungible tokens (NFTs) saw a massive surge in popularity in 2021, accompanied by sky-high prices, but the market has since come crashing back to earth, and it’s unclear whether there will be a resurgence. NFTs are unique digital tokens recorded on a blockchain to certify ownership and authenticity. They can’t be copied or substituted but can be transferred and sold…
Alex Mashinsky, the founder and former CEO of now bankrupt crypto lender Celsius, filed a new motion in court seeking the dismissal of the Federal Trade Commission (FTC) case against him “in its entirety.” The legal counsel for the former Celsius boss argued that the allegations against their client do not support the claim that he knowingly made a misstatement to…
Compared to 2022, where the first and second quarters of the year saw a combined $20.3 billion flow into the space through VC funding, 2023 has been significantly lacking. Venture capital funding for the crypto space has significantly declined this year. In the first quarter of the year, around $2.6 billion worth of crypto VC deals were made. In Q2,…
Milady Maker, a nonfungible token (NFT) project on the Ethereum blockchain, has fallen victim to a major exploit involving the platform’s fees and social media accounts. Charlotte Fang, co-founder of the Milady Maker NFT collection, took to X (formerly Twitter) on Sept. 11 to announce that a developer in the Milady ecosystem has managed to divert about $1 million in…
Executives from prominent mining and manufacturing firms believe market forces resulting from the fourth Bitcoin halving scheduled in 2024 could force the price of Bitcoin (BTC) past $100,000. Magazine editor Andrew Fenton spoke to Canaan vice president Davis Hui following a panel discussion at Canaan’s Avalon Bitcoin and Crypto Day (ABCD) in Singapore. Hui and a panel that included Bitcoin…
Numerous industries are embracing the use of AI because of the technology’s transformative potential. In the context of supply chains and logistics, many companies have been exploring AI-driven solutions to enhance their workflow efficiency and overcome the complexities involved in managing the movement of goods from companies to the end consumer. As highlighted in a 2021 report by Gartner, a…
