Cryptocurreny & Blockchain News

The announcement of the firm’s inaugural capital raise from prominent investors is set to propel the vision for the construction of decentralized content representing communities from across the NFT space. Tally Labs, a Web3 media company that oversees the business operations and infrastructural software development of Jenkins the Valet — a fictional nonfungible token (NFT)…Read More

Metatheory, a Web3 gaming company founded in 2021, has announced it has raised $24 million in a Series A funding round. The investment round, which was led by big VC names in the crypto space like a16z, also had the participation of Pantera Capital and FTX Ventures. Kevin Lin, CEO of the company and co-founder…Read More

Centralized communication platforms prove to be an easily identifiable weakness in activist movements. The Russian government has cracked down on foreign social media platforms such as Instagram, Facebook and Twitter, banning them for extremist activists. For protestors, activists and local civilians, these actions have resulted in a significant barrier to communication with the outside world.…Read More

PRESS RELEASE. BitcoinUSD.com, a website developed to educate the public on crypto exchanges and current prices, launched its new website. The new site provides more information on current cryptocurrency prices, live market cap, news and educational articles through its crypto blog. The new site offers a variety of features. These include information on various…Read More

The Australian tax agency has listed crypto-related profits among several priority areas where more efforts are needed to ensure correct reporting. The authority has reminded taxpayers they need to calculate any capital gain or loss from the sale of digital coins and tokens and record it in their tax returns. Australian Taxpayers Warned They…Read More

The developers have managed to delete the fake message and remove the MEE6 bot from the main server. Axie Infinity, the popular play-to-earn nonfungible token (NFT) game, faced another attack on its Discord server earlier on Wednesday, leading to a compromise of its MEE6 bot.MEE6 is a popular discord bot mainly used for automating roles…Read More

A data analyst on the Isle of Man demonstrated how contactless payments work on Bitcoin’s Lightning Network using an NFC enabled Bolt Card. The Lightning Network (LN) just got a bit faster, as the suitably named Bolt Card now enables Bitcoin (BTC) enthusiasts to pay for goods and services using contactless technology. A data analyst at…Read More

A handful of concerning factors, plus AAVE’s correlation with the Nasdaq, increases the possibility of the altcoin undergoing another massive sell-off. Technical analysis suggests that a recent uptrend in the price of Aave (AAVE) is showing signs of exhaustion based on early development of a classic bearish reversal pattern.Is AAVE headed to $70?Dubbed a “rising…Read More

Sam Bankman-Fried, the founder of the cryptocurrency exchange FTX, has given his take regarding the future of Bitcoin’s usage. Bankman-Fried stated he doesn’t believe that Bitcoin will work as a payments network, due to its limited capability for scaling to fulfill this task. However, he believes it might become “an asset, a commodity, and a…Read More

Chinese authorities in Rong County recently said they have prosecuted eight individuals accused of being the masterminds behind the Magic Data Chain (MDC) pyramid scheme. The pyramid is thought to have handled transactions with a total value of over $147 million. Virtual Currency Pyramid Scheme Authorities in China’s Rong County, Zigong City, recently…Read More