Ripple, a prominent provider of blockchain and cryptocurrency solutions, announced on Thursday the opening of a new office in Canada. In the face of the ongoing massive selloff and job cuts in the cryptocurrency market, the San Francisco-based crypto startup is still eyeing expansion, unfazed by the instability. Ripple plans to employ 50 engineers for […]
The crypto market has been quite distressing for crypto traders and investors considering the significant slump in the market value over the last few months. As crypto users continue to struggle over making profits in this bear market, an effective DeFi trading protocol that features complete security, and privacy and is automated, and backed by […]
The accelerator’s three-month program aims to support Bitcoin startups and hone their pitches in order to present to investors and get project funding.
Singapore-based digital asset exchange Crypto.com is rolling out support for another two low-cap altcoins built on Ethereum (ETH). Crypto.com listed the governance token for Unifi Protocol DAO (UNFI), which utilizes decentralized finance (DeFi) to allow staking with a number of digital assets. “Unifi Protocol DAO (UNFI) is now listed in the Crypto.com App, joining the […]
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The lawsuit, filed in Manhattan on Thursday, claims Elon Musk, electric vehicle manufacturer Tesla, and space exploration startup SpaceX are masterminds of a “Dogecoin Crypto Pyramid Scheme” which resulted in the plaintiff losing money.
These days, startups chase VC fiat and high valuations by attracting newly-printed money but without delivering value. Bitcoin fixes this.
Bitcoke, a derivatives-focused cryptocurrency exchange, recently announced the official launch of BitCoke Ventures, its affiliated investment arm with a starting amount of $300 million to foster exchange outreach. With notable backers, the fund will focus on investing in startup projects in blockchain infrastructure, wallets, GameFi, NFTs, and other web3 areas critical to the business and […]
The post Crypto trading exchange BitCoke rolls out $300M USD ecosystem fund appeared first on CryptoNinjas.
The price of bitcoin fell in response to Celsius Network pausing all transactions off-platform in response to a liquidity crisis and other market disruptions.
Cronos is introducing an accelerator program for early-stage startups that are aiming for finance, coaching, and growth opportunities, along with other things, to help them get […]
Web3 venture Krew Studios has released further details about its much-hyped NFT avatar project Pastel World, both in a lengthy Twitter thread and freshly-updated litepaper. The startup, which was behind the smash-hit NFT collection MASKS from actor/artist Jordi Mollà, describes Pastel World as the “most ambitious project released by the Krew Universe to date,” one whose multi-chain model will “pave the way for future collaborations” with emerging crypto communities. Manga Meets Metaverse Pastel World is the brainchild of singer-songwriter JVCKJ, formerly one half of multi-platinum pop pair Jack & Jack, and London-based illustrator Uriah Barrett-Thomas. An NFT/PFP collection in the mould of CryptoPunks, but with more utility, the series features authentic manga art and follows a fantastical storyline which ostensibly doubles as the project’s roadmap. In a nutshell, each tokenized avatar is a “Prophet” journeying through space and time equipped only with a magical backpack, an enchanted item that must be nurtured to ensure survival in Pastel World. In due course, the metadata for each NFT will refresh, causing a gem to appear on Prophets’ backpacks – a precious stone that determines which ‘zone’ each character must inhabit. Moreover, each customizable element of the NFTs will play a part in the continued narrative. To quote the aforementioned tweet thread, “The creativity that infuses the lore filters down to the planetary environment, divided into painstakingly mapped zones such as Cloud9, Fairy Kingdom, and The Grounded where the undead roam.” Although Pastel World came about as a result of the aforementioned artistic collaboration, Krew Studios has been heavily involved in the creative and technical process via its web3 launch studio, Krew Labs. The company’s eponymous creative agency will also handle marketing and community management going forward. “Anyone can create 10,000 PFPs and slap a theme on top, but it takes skill to craft an entire universe around an NFT collection,” says Rambino, Krew Studios’ co-founder. “One of the things that impressed us most about Pastel World was the lore.” In all, 8,800 Pastel World NFTs have been minted on Ethereum and the team intends to pursue various integrations with other web3 communities, including those that have been incubated by the platform’s launchpad, Krew Universe. With the upcoming introduction of special traits and accessories concealed in Prophets’ backpacks, and the evolution of the planet’s various zones, it is thought that Pastel World will transition into a full-blown metaverse. Staying Bullish in a Bear Market Like several other projects in the web3 space, Krew Studios is at pains to stress that it’s business as usual despite bearish market sentiment. The recent downturn has seen a sharp decline in NFT floor prices, with the industry still struggling to shrug off the reputational damage it suffered as a result of Terra’s spectacular crash. In fairness, Krew’s optimism for the success of Pastel World isn’t delusory. As well as leveraging the talent and profile of both JVCKJ and Barrett-Thomas, the company is banking on its considerable production experience: prior to switching its attention to web3 in 2021, Krew Studios had worked on projects for clients such as Universal Music, Boohoo and Epic Records. Over the past year, the studio has expanded its team to ensure it possesses the necessary experience to make a mark in web3. In-house creatives include experts in blockchain, digital art and gaming, while an experienced advisory team has been brought on board to help guide promising NFT artists and brands determined to make a splash in the crypto world. In the near term, Krew’s goal with Pastel World is to nurture a passionate and engaged community of token-holders and traders, the better to cement the project’s status in the growing metaverse economy. The firm is also building infrastructure for upcoming web3 ventures and creating a private club for art collectors, Mask World, featuring curated NFTs.
The broader crypto markets have been particularly shaken up in the previous 24 hours, with Bitcoin falling below the $26,000 threshold once more. Bitcoin is currently selling at $25,168.94, down 16% in the last week, according to statistics from Coingecko published on Monday. As Bitcoin fell to its lowest level since late 2020, the entire cryptocurrency market is feeling the squeeze of recession fears, which could deter investors from placing riskier wagers. Suggested Reading | Bitcoin Takes A Beating At $27K As Crypto Economy Settles Just Above $1 Trillion However, alternative coins are affected far as severely. Ethereum, for instance, has fallen below $1,500, down 70 percent from its all-time high of over $4,900 in November 2021. In the past 24 hours, Dogecoin, TRON, and Avalanche all witnessed double-digit losses. The overall market capitalization of cryptocurrencies has been trading in a declining channel for the past month and is currently supported at $1.17 trillion. The crypto market has become increasingly tied to traditional equity markets in recent months (CNBC). $100-B Wiped Out From Crypto Market The cryptocurrency market lost more than $100 billion over the weekend after United States Treasury Secretary Janet Yellen offered a gloomy crypto warning. The market valuation of Bitcoin has decreased to $520 billion. The silver lining for BTC bulls is that their control over alternative cryptocurrencies has increased to about 48 percent. After a few brief and fruitless bids to surpass $32,000 in the last seven days, the world’s largest cryptocurrency began to progressively lose value. Bitcoin’s last rejection at this level sent its price down to $30,000, where it remained for several days. BTC total market cap at $498 billion on the weekend chart | Source: TradingView.com Rich Blake of the cryptocurrency startup Uphold says: “Crypto appears to be losing the ideal opportunity to illustrate its forgotten function as a hedge against inflation.” Inflation Jitters And Bitcoin’s Volatility Inflation estimates for the United States, 8.6 percent, were announced late Friday. The four-decade record increased Bitcoin’s volatility, resulting in today’s plunge to the $25,000 mark. In recent months, the crypto market has become increasingly connected with traditional equity markets. The Nasdaq, which focuses on technology, was down 3.5%, while the S&P 500 and Dow Jones Industrial Average were down more than 2.5%. Suggested Reading | Dogecoin Mining Revenue Massively Fell In Past 12 Months Next week’s two-day meeting of the US Federal Reserve is anticipated to result in a further increase in interest rates. This week, Yellen also cautioned against putting cryptocurrency in 401(k) plans, adding to the gloomy sentiment. Last week, the central banks of Australia and Canada, where inflation has also intensified, raised their rates by approximately 50 basis points, while the European Central Bank announced it would cease asset purchases and begin rate hikes later this summer. Featured image from Reynolds and Reynolds, chart from TradingView.com
As the Ripple community braces for the major ruling on the key judgement on the Hinman 2018 documents, Ripple Labs has scored another victory as presiding judge Analisa Torres denied the SEC’s petition to seal its objection to Amici participation. According to a tweet posted by defense lawyer James Filan, Torres has rejected the SEC’s request to seal the case […]
Farfetch is the most recent premium fashion brand to experiment with digital currencies. Later this year, the luxury apparel business will begin taking bitcoin payments on its marketplace. The cryptocurrency payment feature will be tested at luxury boutiques across the European Union before being extended out to the United States, Europe, and the United Kingdom. Cryptocurrency […]
Polygon, an Ethereum layer-2 scaling solution, has announced the hiring of the former director of human resources and director of employee experience at Airbnb, Bhumika […]
For a long time, improper waste management has been polluting oceans and landfill sites with plastic that will never break down. The waste to water ratio of water bodies is devastatingly alarming. In turn, this is having a detrimental impact on marine life. It is no secret that our planet is in trouble. We’re facing a climate crisis, and a big part of the problem is the amount of waste that’s clogging up our landfills and oceans. This kind of pollution can cause entanglement, suffocation, and ingestion of toxic chemicals by wildlife. It is estimated that 100M marine animals and turtles die each year. In addition to the harm caused to wildlife, it also negatively impacts our own health. It has become apparent that plastic is a major source of pollution in our oceans, land, and food. Most people don’t realize that the plastic they’re throwing away will never break down. It will sit in landfills and eventually make its way into the ocean, harming sea life and wildlife. The Solution to the Problem There is a lot of activity and talk in the blogosphere around solutions to the plastic problem that is being faced worldwide. Most of these solutions are generic for the most part, and do not give a clear picture of what is happening with plastic waste in each country. Yet, there are some interesting solutions on how we can eliminate plastic from our lives. Plastisks is a green startup that is creating a blockchain-based global recycling platform. It has the potential to facilitate the process by making it easier to recycle plastic, where we can track where our materials go and make sure it’s being recycled properly. This would reduce the amount of contamination caused by plastic and help to protect our planet. The company has made a simple, smart-manufacturing platform to capture plastic waste, filter out contaminants, and reshape it. Artists and companies that are committed to the environment can join the platform to create a profile to show their commitment. Plastisks is building a recycler network based on a mobile app called Valora. The platform manages the entire recycling process, from sourcing and sorting, to recycling and reshaping.. In addition, it allows every stakeholder to show their commitment to increase plastic recovery and recycling. Plastic waste is a big problem in our oceans, and the only way to keep track of it is by tracing the waste that has been generated. With the crisis oceans are facing, IBM has now joined hands with The Plastic Bank to help monetize ocean plastic and create a blockchain based application and IBM Cloud to help end the ocean plastics issue. Here, you can earn rewards for recycling, with The Plastic Bank already having contributed to the recycling of over 2 billion bottles. The initiative is helping to combat plastic pollution by providing an incentive for people to recycle instead of throwing it away. This new system is a great example of how blockchain technology can help make a real impact in the world. Is Recycling the Way to go? If more people are encouraged to recycle, then we can start to make a dent in the amount of plastic waste that’s plaguing our planet. Plastic is a substance that can be recycled over and over again, so it’s important to encourage people to recycle. We can help to reduce pollution and preserve our planet for future generations. To keep up to date with all things Plastiks: Website | Twitter | Instagram | Medium | Discord