Award-winning rapper Nas will release nonfungible tokens (NFTs) that will let his fans own a stake in two of his songs, “Ultra Black” and “Rare.” Users who buy and hold the NFTs, dubbed limited digital assets (LDAs), will get a specific percentage of streaming royalty ownership depending on the token that they hold. “Ultra Black” comes from Nas’ 2021 Grammy award-winning…
2021 was an exciting year for crypto, with several well-known — some unexpected — brands entering the crypto sector. Here’s looking at you, Charmin, and your toilet paper nonfungible tokens (NFTs). The year saw its fair share of moments that had crypto enthusiasts on the edge of their seats. While many people continued to talk generally about the revolutionary power…
Boba Network, an L2 (layer 2) expansion layer for Ethereum, has announced the launch of what it calls “Wagmi” options as a way of incentivizing builders and supporters to be invested in the project. The incentive programs will be distributed amongst different projects on the chain and will be based on various indicators such as active wallets and project-specific total…
The estimated leverage ratio for Bitcoin (BTC) hit a new all-time high last night according to CryptoQuant. Further metrics point to growing leveraged interest, but liquidations have remained relatively low. According to on-chain analytics resource CryptoQuant, while the Bitcoin price fell off a cliff over the past 24 hours, the estimated leverage ratio reached 0.224, an all-time high. The metric…
In recent months, reports have circled around Manchester City’s partnership with the little-known cryptocurrency company 3Key Technologies. In November, The Times reported that Manchester City had suspended their partnership with the firm over questions relating to the identities of senior executives at the firm itself. 3Key Technologies, The Times reported, is allegedly registered in Seychelles, although no proof of its…
press release PRESS RELEASE. We work harder every year to increase production of the consumer goods that meet everyone’s needs, but in many parts of the world, water pollution, over-fishing and environmental degradation are making the job increasingly difficult (and dangerous). The world’s population is growing and the oceans are becoming increasingly polluted. Our oceans have become “plastic soups”. In…
Hedera’s public ledger consensus service was recently used to “gather, store, and order” millions of data points in a drone data trial sponsored by the United Kingdom government. As per an announcement, Hedera worked with Neuron Innovations, a London-based aviation technology company, to trial safe sharing of long-distance airspace by commercial, military, and government drones. Neuron has implemented an “aviation…
Despite major internet blackouts amid anti-government protests in Kazakhstan, some Bitcoin (BTC) miners operating in the country are not planning to leave the country just yet. BIT Mining, one of the largest BTC mining companies that relocated operations from China to Kazakhstan last year, is still evaluating the impact of political unrest in Kazakhstan, Chinese industry news agency 8btc reported Friday.…
There’s more uncertainty in the crypto market as Bitcoin plummeted to an intraday low of $40,685 on Friday morning, per CoinGecko, to the levels last seen in late September 2021. The benchmark cryptocurrency rebounded above $42,000 since then to $42,330 at press time, down 1.% in the past 24 hours. Ethereum, the second-largest cryptocurrency by market, followed suit, plummeting to…
Crypto-related profits, such as those resulting from the trading of digital currencies, will be taxed at a rate of 15%, a finance ministry official has revealed to the local press in Thailand. After last year’s significant market growth, the department intends to improve surveillance of crypto trade in 2022. Thailand Urges Crypto Traders to Report Profits on Tax Returns The…
