Coinbase Reports a Major Loss
As the crypto market continues to make waves, Coinbase, the major American cryptocurrency exchange, has reported a substantial loss.
Madonna’s charity NFT collaboration with Beeple
Madonna, who recently entered the crypto universe by becoming an owner of a BAYC NFT piece, continues to conquer the new digital realm. The pop queen teamed up with artist Beeple, whose real name is Mike Winkelmann, and created an exclusive three piece NFT video collection.
Bitcoin city and El Salvadore’s new Bitcoin splurge
As the cryptocurrency market crashes, El Salvadore’s president Nayib Bukele embraces the price drop and sees it as an opportunity to buy more Bitcoin.
Bitcoin Critic is Launching a Digital Currency
Nouriel Roubini, an economist famous for predicting the 2008 financial meltdown and an avid critic of the crypto-verse, has decided to join the token industry.
Dubai sheikhs open an office in The Sandbox Metaverse
Official Dubai comes into the metaverse, confirming its openness and commitment to the latest trends and technologies. The foremost metaverse project The Sandbox, which loses in market capitalization only to ApeCoin, has been chosen for the partnership.
The fall of Bitcoin: the price of other tokens decreased following the flagship
Just a week ago, the price of Bitcoin exceeded $40,000 per unit. The reason was the decision of US Federal Reserve officials to raise the key rate by 0.5% at once.
Robinhood starts supporting Grayscale Investments cryptocurrency trusts
The digital investment fund announced this on its Twitter account.
OpenSea adds APE for NFT Payments
The leading NFT platform OpenSea announced on its Twitter that it has begun accepting the ApeCoin (APE) token as a means of payment.
NFTs will be available on Instagram from May 9
NFTs released on the most popular blockchain networks will be integrated into Instagram on May 9. The launch of the pilot project is reported by CoinDesk, citing its own sources in Meta.
LGT Bank of the House of Liechtenstein will provide customers with access to cryptocurrency transactions
Liechtenstein House private bank opens to clients access to digital currency transactions. LGT Bank plans to implement cryptocurrency custodial services and brokerage services in cooperation with the Swiss bank SEBA.
The Sandbox Metaverse will cooperate with Standard Chartered Bank
The Hong Kong subsidiary branch of SCB has become a partner of “The Sandbox” metaverse. According to the bank’s management, they have already purchased a virtual piece of land in the virtual metropolis of the metaverse. This move has become innovative for the bank and is managed by the relevant division of “SC Ventures”.
Algorand partnered up with FIFA
The global trend of resounding collaborations of blockchain companies with representatives of big sport continues.
Wikipedia Ditches Crypto Donations
According to a post published on May 1, the non-profit organization Wikimedia Foundation (WMF), which oversees the operation of Wikipedia and other pertinent projects, decided to follow “a formal request from the community that the WMF no longer accept such donations, a request that came from three months of discussion among members of the community.”
Solana network collapsed for 7 hours
The main reason for the network collapse was the huge number of transactions sent by mining bots with which validators could not manage. The bots worked through one of the projects based on the Solana network – “Candy Machine”.
A billion crypto users in the next few decades
The Coinbase Co-Founder and Chief Executive Officer Brian Armstrong predicts a substantial increase in cryptocurrency users within the next few decades. The 5 times increase which could potentially reach one billion users could happen in the next 10-20 years.
Fidelity to allow its customers Bitcoin retirement accounts
One of the key players in the American market of pension investment programmes, Fidelity Investments, announced that it provides an opportunity for its customers to deposit 401 (k) bitcoins on their accounts.
No Bitcoin for Warren: Legendary Investor Still Dislikes It
Warren Buffett is at it again. Speaking at the Berkshire Hathaway annual shareholders meeting Saturday, the legendary investor has lambasted Bitcoin. According to him, the coin is not a good asset and does not produce anything tangible.
Belgium tightens control over the crypto industry
The main reason for tightening control over the crypto market was scammers, because of which the Belgians have already lost more than 10 million euros since 2019.
Yuga Labs has earned about $285 million from selling lands of the metaverse
The American startup Yuga Labs, which created the popular NFT Bored Ape Yacht Club, has earned about $285 million by selling land in the metaverse, which is in development. The online auction took place on 30 April.
New stablecoin from Justin Sun
The success achieved by the Terra blockchain platform after the launch of its own stablecoin UST (Terra USD) has become a trigger for similar solutions from other well-known protocols.
Compass Mining to sell mining equipment to steer clear of sanctions
The American Texas-based company is set to sell mining equipment worth $30m in Siberia, Russia. As the sanctions imposed by the US and the rest of the world against Russia pile up, cryptocurrency companies seek ways to exit the sanctioned state.
“Wen Lambo Fixed?” A Lambo Owner Pays a Mechanic with BTC
The famous question “wen Lambo?”, referring to the exuberant lifestyle of those making money on Bitcoin price spikes, has been modified to “wen Lambo fixed?” Provided that you own a Lambo, that is. JayFab, a Redditor who owns and operates a welding and fabrication company in Kansas, has reportedly been paid in Bitcoin for fixing his client’s Lamborghini Aventador.
Flexa payment app empowers users
Digital payments company Flexa has added the ability to accept over 99 digital currencies from any app or crypto wallet. This is said in a statement of Flexa Payments.
Meta brings virtual reality closer by opening a tech hardware store
The 144 square meter Meta Store will open on the 9th of May on Meta’s campus in Burlingame, California, located in close proximity to Meta’s Reality Labs HQ, which is currently working on building its metaverse.
The Central African Republic has made Bitcoin a legal currency
The Central African Republic has become the second state in the world to officially recognize digital currency as a means of payment. Now, together with the CFA franc BEAC, local residents can use Bitcoin to pay for goods and services.
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Who Is Crypto Kaleo: A Market Analyst with 700,000 Followers
Crypto Kaleo is a renowned crypto trader and one of the most followed influencers in the industry. Active since 2017, he has built a strong presence on X, TradingView, and other platforms, sharing technical analysis, market predictions, and insightful commentary on the crypto space.
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Zora Network Reviewed: A Testnet Guide
Are sky-high Ethereum fees getting you down? The folks at Zora have come up with an alternative, introducing their Layer 2 solution with lower transaction fees. This article will walk you through how to get involved with the project and earn some rewards.