Crypto Crash to Have Little Impact on US Household Wealth: Goldman Sachs

Analysts at banking giant Goldman Sachs claim that even though US households account for a third of the global cryptocurrency market in terms of total investments, the recent crypto market meltdown will have very little impact on the economy. Goldman Sachs economists explain that the overall US household net worth stood at $150 trillion (roughly […]

BTC Values Touch $30,000, Most Cryptocurrencies Glow with Gains

After being red in losses for most of this week, the crypto price charts seem to be jumping back to health at a gradual pace. Bitcoin on Friday, May 20, opened trading at $31,728 (roughly Rs. 24.5 lakh) with minor gains of 2.60 percent as per Indian exchange Coinswitch Kuber. Gains of over three percent […]

Coinbase Creates ‘Crypto Native Think Tank’ to Participate in Policy Making

Coinbase crypto exchange has created a think tank that will be dedicated to the research around crypto policies. The new committee will be publishing its reports on overall Web3. Coinbase’s director of policy, Hermine Wong has been roped in to oversee and act as the chief of the organisation. Wong has years of experience working […]

Andreessen Horowitz Adds $600 Million Funding in Web3 Game Sector

The metaverse and NFT gaming sectors have shown signs of flourishment in recent years. In a bid to accelerate research and development in this consumer-centric industry, Andreessen Horowitz (a16z) has pledged a fund of $600 million (roughly Rs. 4,661 crore). The name of this fund pool is ‘Games Fund One’ and it will focus on […]

Bitcoin Crash Leaves El Salvador With No Easy Exit: Report

El Salvador’s big bet on Bitcoin, which the Central American nation has been buying since September, has soured in recent weeks as a cryptocurrency rout shaved over a third of the value of the government’s holdings, Reuters calculations show. Under populist President Nayib Bukele, a vocal cheerleader for the currency, El Salvador went all-in on […]

Axie Infinity’s Discord Bot Targetted in Fresh Hacking Attempt

Axie Infinity, a major play-to-earn (P2E) blockchain game, has posted a tweet to alert gamers of a fresh hacking attempt involving its Discord bot MEE6. The MEE6 bot is a commonly used Discord bot by several projects to automate various roles and messages. As mentioned in Axie Infinity’s tweets, the attackers took control of the […]

‘Meta Pay’: Facebook Parent May Bring Crypto-Supporting Payments App

Meta Pay could be an upcoming payment platform from Meta that will support cryptocurrencies. The parent of social networking giants Facebook and Instagram, has filed for five applications with the United States Patent and Trademark Office (USPTO). Meta is seeking licences to operate as an ‘online social networking service for investors allowing financial trades and […]

‘Open Standard for Global Money Transmission’: Jack Dorsey on Bitcoin

Twitter founder Jack Dorsey has reiterated his support for Bitcoin, the world’s oldest and most valued cryptocurrency, during the Investor Day celebration of his online payments firm ‘Block’ (formerly ‘Square’). Calling Bitcoin the “open standard for global money transmission”, Dorsey also predicted that BTC will soon serve as the native currency of the Internet. Dorsey’s […]

Robinhood Launches Non-Custodial Web 3 Wallet to Rival MetaMask

US-based stock trading and investing major Robinhood has announced that the company is building a non-custodial wallet that will allow its customers to have total control of their crypto in Web 3. Robinhood said that this new multichain Web 3 wallet will launch as a standalone app. Customers will be able to hold the keys […]

DOGE Co-Founder Calls 95 Percent of Crypto Projects ‘Scam and Garbage’

Dogecoin co-founder Billy Markus has labelled 95 percent of cryptocurrency projects “scams and garbage” in a tweet urging his followers to change the general opinion people have about the crypto industry. Markus’ tweet states that cryptocurrencies have earned quite a bad reputation since their inception, with many people, especially traditional financial players, using derogatory terms […]

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