Category: Blockchain

A Pontifex carpet gifted to Pope Francis by Sheikh Mohamad Bin Zayed Al Nahyan, the crown prince of Abu Dhabi, during his visit to the Vatican in September 2016, was sold as a non-fungible token (NFT) for 25 Eths, approximately $81,886 on January 14. The original carpet, 272cm x 183cm, is woven by Afghan women, the physical

In order to make its stance known about stablecoins, the Hong Kong Monetary Authority (HKMA) has published a discussion paper in which it is soliciting the public’s contributions to its proposed regulatory approach to digital currencies and stablecoins in particular. Per the published paper, the HKMA acknowledged the steady growth in the market capitalization of

During the release of Ethereum’s quarterly report, market insight provider Bankless noted that ETH network revenue increased by 1,777% from Q4 2020 to Q4 2021.  Per the announcement: “Network Revenue rose 1,777% from $231.41 million to $4.34 billion. Of this, $3.78 billion (87%) worth of ETH was “burned” and removed from the circulating supply

Following in the footsteps of Miami, Brazilian city Rio de Janeiro plans to enter the crypto space by having 1% of its reserves in Bitcoin. Speaking during Rio Innovation Week, Mayor Eduardo Paes revealed that the city of Rio de Janeiro is eyeing to invest part of its Treasury in cryptocurrencies, according to local media

Currently, Nimble is partnering with Verida to build a decentralized insurance protocol. This collaboration will enable Nimble to build its decentralized and democratized insurance platform with Verida. It will provide decentralized identity, trusted storage, private ownership, and decentralized messaging for Nimble community members on the Algorand blockchain. Both parties are enthusiastic about this collaboration as

The crypto market has been limping based on massive liquidations, affecting retail and institutional investors. El Salvador has also been on the receiving end with a loss of more than $11 million, given that it holds at least 1,391 Bitcoin, according to Bloomberg. The nation’s president, Nayib Bukele, has not shied away from relaying his

Block Inc, formerly known as Square, will begin mining Bitcoin with its mining system based on custom silicon and open source for individuals and businesses worldwide. Block’s co-founder Jack Dorsey first suggested the idea on October 15, 2021, and said mining needs to be more distributed and more efficient. Thomas Templeton, Block’s general manager of

Gemini, a $7.1 billion cryptocurrency exchange, announced Thursday that it has acquired five-year-old San Francisco-based digital asset portfolio management firm BITRIA to provide a digital asset ecosystem for wealth management institutional asset managers. Gemini said that upon completion of the acquisition, it will seek to integrate BITRIA’s digital asset separate management account (SMA) and digital

  To tackle issues and support the aim of a decentralized finance ecosystem, SkyLaunch birthed the vision to become a multi-chain initial Decentralized offering (IDO) platform that will bring changes to the ecosystem.   Like other business models, Crypto projects need the perfect fundraising approach to scale above average. The IDO is one common model

The United Kingdom’s Economic Affairs Committee has shared its views on the proposed plans by the country to launch a Central Bank Digital Currency (CBDC) or digital Pound. In a report published on Thursday, the committee said it has not seen a compelling case that should inform the launch of a Digital Pound. Back in