In December 2021, the world’s largest crypto exchange, Binance, announced the introduction of a new Binance Coin (BNB) Auto-Burn protocol to provide more “transparency and predictability” to its community. The Auto Burn protocol automatically calculates how much BNB should be burnt based on BNB’s average dollar-denominated price during the quarterContinue Reading
Read in the Digest: Crypto.com suspends withdrawals as unauthorized activity leads to $15 million loss. Binance to set up exchange in Thailand, burns $792 million in BNB. Polygon to begin burning MATIC with the launch of EIP-1559 on its mainnet. Spain and Singapore to ban crypto ads. Bulgaria and theContinue Reading
One of the most celebrated boxing icons of all time, Mike Tyson is launching another NFT collection, this time with gaming and metaverse developers Ex Populus. The collection “Iron Pigeons” comes from Tyson’s nickname “Iron Mike” and his love for pigeons. The boxing legend owns and takes care of overContinue Reading
TOKAU (www.Tokau.io), a blockchain NFT technology company focusing on celebrities’ interactions with their fans, announced that they will launch a metaverse where the users can monetize their living and social experiences. TOKAU aims to build MetaCity, its first metaverse project, as a decentralized place where residents can take ownership. MetaCity has 150,000 LandsContinue Reading
Umbria Network is providing The Red Village community with a fast, cheap and easy way to bridge ETH to the Polygon network (WETH) via its new bridge widget. The Red Village is the first dark-fantasy Play-to-Earn (P2E) multiplayer NFT game on the Polygon network (formerly MATIC). NFT ‘Champions’ – charactersContinue Reading
Huobi Global, one of the world’s leading digital asset exchanges, announced on January 15 that it burned 1.31 million Huobi Tokens (HTs) in December 2021, valued at approximately $12.68 million. From Jan. 1, 2021 to Jan. 15, 2022, Huobi Global burned approximately 290.174 million HT. Token burning refers to the process of permanently removing crypto tokens from circulation, whichContinue Reading
There is no such thing as coincidence in the NFT space. Traders, speculators, and collectors are constantly reading the proverbial tea leaves behind every tweet and scrap of alpha in a soon to be discovered Discord channel. They are looking to put reasoning behind the question on everyone’s lips; how,Continue Reading
On Sunday, CNBC reported that the world’s largest retailer – Walmart – filed seven applications with the U.S. Patent and Trademark office in December. Those filings outlined Walmart’s plans to launch its own cryptocurrency, NFTs, possible payment system, crypto financial services, and more. One of the applications specifically mentions Walmart’sContinue Reading
Near Protocol (NEAR) is a sharded, Proof-of-Stake blockchain, which can process up to 100,000 transactions per second. The layer-1 public blockchain is famous for being developer-friendly and easy to use, while still providing security and scalability. Founded in 2017 and launched in April 2020, Near Protocol now sits at theContinue Reading
NFTs are revolutionizing the art world, opening doors to many artists and allowing them to explore a different dimension of art-making. As artworks, NFTs have made their way to the world’s most renowned auctions and even hit records in sales. However, NFTs have been a controversial topic, and even theContinue Reading