Hey, there guys, we all know how the NFT adoption craze is growing day by day. As days pass, more and more brands are trying to adopt and implement NFTs on their platforms. Now, it’s Meta (formerly Facebook). Yup, you read that right. Meta has started to roll out NFT support for some U.S. creators on its platform. For now, it seems that Meta has started by only supporting Ethereum and Polygon-based NFTs. However, they…
The World’s largest crypto exchange (in terms of trading volume), Binance has partnered up with Portuguese soccer star Cristiano Ronaldo to promote Non-Fungible Tokens (NFTs) on their platform. What is the deal about? Reports state that Cristiano Ronaldo has signed a multi-year partnership deal with Binance which will enable Binance to exclusively create and showcase a collection of multiple Ronaldo NFTs every year targetted toward the global soccer cum crypto lovers, especially Ronaldo’s fanbase. As…
Just in, Tether (USDT), the top most stablecoin issuer (in terms of volume) is all set to undergo a full audit by an auditing firm listed in the top 12. This is going to be done with the sole aim of proving its integrity and transparency to the public. Hence, this would seriously re-establish back their faltering trust. Why is this necessary at all? We are sure most of you do remember the recent Terra…
Hey guys, remember the last time Tron made headlines when it took the third spot in terms of TVL due to its new algorithm stablecoin USDD. Well, it’s back again on the news but this time for all the wrong reasons. On Monday morning, the algorithm-based stablecoin was found to be in distress when investors started to point out that the new algorithm-based stablecoin had depegged from the US dollar and was sitting around just…
Hey there guys, I am sure most of you remember how the algorithmic-stablecoin project, Tera Luna failed and hence, a new plan was set into motion by the team where they ended up airdropping a new token, Luna 2.0 to all of the existing Luna investor’s to compensate for their losses. Well, indeed it may have helped some investors to cover some minor parts of their losses but it seems this is not the case…
Hey folks, I am sure all of you have recently come across the news about the Terra Luna fiasco where the dollar-pegged algorithm stablecoin, UST had unpegged and failed. That was a horrific thing to experience, especially if you were an investor. However, if you look on the bright side, after the Terra Luna fiasco subsided, it cleared the spot for another project which is Tron and its new algorithm stablecoin, the USDD launched on…
It was recently unearthed by Russian authorities that an entire mining hub was being operated inside a psychiatric clinic of Russia’s oldest prison. Yup, you did read that right. An illegal mining hub was being operated inside Butyrskaya prison in the Tverskoy District of central Moscow since last November 2021. It is believed that the rigs operated till February 2022 and during this time they consumed about 8,400 kilowatts of government-paid electricity which amounts to 62,000…
Terra Luna has become the talk of the town after it suddenly collapsed when its algorithmic dollar-pegged stablecoin, UST depegged. The mishap was so massive that the entire crypto market slumped down along with it to some extent. Hence, it seems the South Korean Conservative party has requested a parliamentary hearing on the grave matter by inviting many vital members associated with the South Korean Crypto market, especially Terra Luna CEO, Do Kwong to get…
Hey guys, we are sure that you have heard the name of the Latin American country, El Salvador even once, right? Well, why wouldn’t you, it was the first country in history to make Bitcoin a legal tender and it is again back all over the news. However, this time for all the wrong reasons. It is believed that the government had spent around $103 million of the citizen’s tax money to build a Bitcoin…
