Twitter landed into another big controversy as a whistleblower disclosed that the social media giant misled regulators over spam accounts. Earlier, Elon Musk accused Twitter of hiding crucial details in the $44 billion deal.
As per the latest reports, global footwear giant Nike (NYSE: NKE) has made a staggering $185 million so far from the sale of its non-fungible tokens (NFTs). Non-fungible tokens have proved to be an exciting revenue channel for such brands and consumer-centric businesses. Citing a major boom in the NFT market last year, some of the top brands were quick to venture into this sector. These brands also see NFTs are a big opportunity to connect with their customers on...
The latest data surrounding the GameFi industry has raised questions for Avalanche of late. According to DappRadar, GameFi addresses witnessed a significant rise to 1.5 million in the second half of 2021, then declined gradually to around one million. In retrospect, this is a much better performance as compared to DeFi address performance in the same period. It simply means that the GameFi industry has matured and can still retain users in the downtrend. Source:...
On Monday, August 22, SEC chairman Gary Gensler published an op-ed piece in Wall Street Journal sharing his views on how crypto markets should be treated. Drawing a comparison with the car industry, he said that just as the safety standards for the car industry have remained the same for the last six decades, the investor protection standards also remain the same. Gensler said that there’s no reason to give any special status to digital assets. Instead, they should be...
Published 3 hours ago A V-shaped recovery initiated from the June bottom support of $3.36 pushed the UNI price 190% higher and formed a local top at $9.82. However, after a nearly three-week attempt to surpass this resistance, the bullish momentum exhausted and triggered a significant price correction.
Published 22 mins ago The XTZ/USDT technical chart reflected a texted book example for an inverted flag pattern in response to the previous two-month recovery. The same pattern was observed from Mid-may to early June recovery and triggered a 38% downfall upon breakdown. Will XTZ prices face the same fate this time?
The U.S SEC recently launched investigations over digital assets companies have raised questions over its approach towards the industry. Experts suggest that the Commission’s Chair has too much on his plate to be messing with the market.
As per the latest reports, the Ministry of Strategy and Finance is looking to introduce a new gift tax on airdrops for crypto assets. Earlier today, August 22, the ministry was responding to a tax law interpretation for freely transferable cryptocurrencies, and whether they can implement the gift tax for the same. A spokesperson of the Ministry of Finance said: “The free transfer of assets is a ‘gift’ under the Inheritance and Gift Tax Act. In this case, a...
Testing by Cardano stake pool operators (SPOs) in a new mixed-node testnet created by the IOG on Friday (August 19) seems to suggest that release candiate 1.35.3 is good to go, and all that remains is for at least 75% of SPOs to upgrade their mainnet nodes...
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