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CNBC Survey: Most Millennial Millionaires Own Cryptocurrencies at 83%

Based on the technological innovations revamping the world like cryptocurrencies, millennials have been at the forefront to embrace them, as cited by CNBC Millennial Millionaire Survey findings. The study noted that millennials had higher levels of cryptocurrency portfolio holdings than baby boomers, with 83% of millennial millionaires owning digital assets. Furthermore, 48% of them expect

Proof of Stake Networks to Help Staking-as-a-Service Providers

The proof of stake (PoS) consensus mechanism has gained steam in 2021 because it is more environmentally friendly and cost-effective compared to the proof of work (PoW) framework used in networks like Bitcoin (BTC). Therefore, this trend change is providing monetary opportunities for staking-as-a-service providers. Chase Devens, a research analyst at Messari, confirmed: “PoS

AscendEX reopened after $80m hack, Huobi suffers key personnel departures, and government officials punished for mining activities – Cointelegraph Magazine

This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations.   Limping out of 2021 Last week we thought we had hit rock bottom for Chinese exchanges, as Bitmart was on the unfortunate end

H&R Block Sues Block for Trademark Infringement

Block Inc, previously called Square Inc, was sued by tax preparation company H&R Block Inc for trademark infringement. H&R Block said in a press release that the fintech company “would improperly capitalize on the goodwill and consumer trust cultivated by Block since 1955”. H&R Block is seeking a court order barring Block from using the

Adidas’ new NFT Collection Owners to get Custom Merch Access

Adidas is launching its Non-Fungible Token (NFT) collection named ‘Into the Metaverse’ on December 17 as the global apparel brand looks to extend its foothold in the NFT space.  Buyers of the Adidas NFT will be well-positioned to gain access to exclusive physical and virtual merchandise drops. The company’s plans for NFT holders will gradually

Bitcoin Bull Peter McCormack Becomes Football Club Owner

Investing in digital currencies may seem normal to many people, but owning a full-fledged football club is reserved only for the extra rich. For Bitcoin bull, Peter McCormack, being a hardcore Bitcoin (BTC) investor is tagged by proponents of the new technology as an exclusive trait, and now, he has announced the acquisition of a local football

Ex-SEC Chair Jay Clayton Says He’s a “Huge Believer” in Crypto

Former Chairman of the United States Securities and Exchange Commission (SEC) Jay Clayton expressed his trust in the nascent digital currency world saying he is a “huge believer” in the technology underpinning the industry. “I am a huge believer in this technology,” says Jay Clayton on crypto. “The efficiency benefits in the financial system and otherwise

Here Are the Top Five Altcoin Projects in Highly Undervalued World of Virtual Real Estate, According to Coin Bureau

The host of crypto channel Coin Bureau says that he’s identified the top five most undervalued virtual land-based metaverse projects on the market. In a new video, pseudonymous analyst Guy tells his 1.7 million YouTube subscribers that Axie Infinity (AXS), a blockchain-based play-to-earn game where users can collect virtual real estate and creature-like non-fungible tokens