In an industry first, Input Output Global and the Scottish university will provide continuous tracking of digital assets by a methodology that has yet to be determined. The University of Edinburgh and Input Output Global (IOG), the builder of the Cardano network, have teamed up to create a blockchain decentralization index, IOG announced on its blog. The […]
Celebrities are facing huge losses on their Bored Apes bought during the NFT peak, but big names like Sony and Adidas are pushing further into the industry. Celebrities facing huge losses from BAYC NFTs The hype behind the Bored Ape Yacht Club (BAYC) over the last year resulted in many celebrities investing in the Ethereum-based nonfungible […]
Soulbound tokens (SBTs) refer to digital identity tokens that represent the characteristics or reputation of a person or entity. By creating an alternative financial system with extraordinary flexibility and innovation in less than ten years, Web3 has astounded the globe. Economic and cryptographic primitives such as smart contracts and consensus mechanisms have helped to create an open-source system to conduct and […]
Though Dogecoin has seen a near 45% rally over the past month, its use cases remain limited, especially given that it can’t interact with smart contracts. 2022 continues to be a year of surprises, with one of the biggest so far being Elon Musk’s decision to acquire social media juggernaut Twitter for a whopping $44 billion. While […]
There were ample warning signs to tip investors off to problems behind the scenes at FTX. The collapse of FTX has shown that where there’s smoke, there’s fire. In a year filled with jaw-dropping unveilings, none compare to the bewildering fall of Sam Bankman-Fried’s FTX exchange. While many were stunned, there were a few tell-tale […]
Crypto exchanges are actively releasing proof-of-reserves audits in order to build transparency but experts believe it would take more than that to regain investor trust. In the wake of the FTX collapse that came about as a result of the now-bankrupt cryptocurrency exchange funneling user funds to mitigate its own risks, crypto exchanges came up […]
What are the key trends in Web3 right now, and where is the industry heading next? This upcoming conference aims to find out. The leading institutional Web3 summit will kick off in Miami soon — and has attracted high-profile speakers from across TradFi and Web3. MiamiWeb3 — which is being held at the InterContinental Hotel from […]
Bitcoin and select altcoins are struggling to rise above their immediate resistance levels, indicating that the bears remain in full control. The sentiment across the cryptocurrency ecosystem remains fragile as market participants assess the impact of the FTX crisis on various businesses within and outside of the crypto sector. Trading firm QCP Capital said in […]
Spain, Portugal and Brazil national teams’ fan tokens are experiencing a price boom as the World Cup gets underway. The FIFA World Cup in Qatar is boosting the value of national soccer team fan tokens despite the cryptocurrency bear market. World Cup Qatar hype boosts fan token prices These digital fan tokens are currently rallying despite the cryptocurrency […]
BTC’s price targets now include $12,000, with Ether potentially falling to $800 for the pit of the bear market. Bitcoin BTC $16,606 saw a fresh rejection at $17,000 on Nov. 18 as nervous markets weathered more FTX fallout. BTC gets a $12,000 price target Data from Cointelegraph Markets Pro and TradingView showed BTC/USD failing to flip $17,000 to support — a […]
