Cryptocurrencies and blockchain technology have taken the world by storm in recent years. This innovative technology has brought with it a whole new language of technical terms that can be confusing to newcomers. In this article, we will explain the most popular technical terms in the world of crypto.
Paxos to Halt Binance USD Minting at NYDFS’s Request Amid Regulatory Uncertainty
Paxos, a stablecoin issuer, has announced that it will stop producing new Binance USD (BUSD) tokens following the request of the New York Department of Financial Services (NYDFS).
Polygon claims 2022 a “Breakout Year” and predicts major trends for 2023
Polygon has published a report summarizing its achievements in 2022 and presenting expectations as well as projections for 2023.
Most expensive NFTs sold in 2022
NFTs have been around since 2014, but it wasn’t until 2021 when digital arts began to fetch astronomical prices that they attracted notice on a global scale.
Starbucks launched the beta test of its Web3 ‘Odyssey’ Loyalty Program and NFT community
On December 8, Starbucks launched the beta test of its eagerly awaited Odyssey program. This program combines customer loyalty rewards with non-fungible token collecting and other gamified elements.
Nike has unveiled “.Swoosh”, a new web3 platform to sell NFT-based products and virtual clothing
In a press release published on November 14, Nike introduced “.Swoosh”, a new web3 platform powered by the polygon network. According to the luxury sportwear brand he new platform is a destination for virtual assets and Polygon-based non-fungible tokens.
The crypto lender Genesis Global Capital is in danger of going bankrupt. The crypto market is waiting in fear for another dump.
A report from Bloomberg on November 22 states that Genesis has $2.8 billion in unpaid debts on its balance sheet, with over 30% of those loans going to “related parties” such as its parent business Digital Currency Group and its affiliate and lending unit, Genesis Global Trading.
The Bahamian government is rumored to have connections with the FTX hacker’s dump of 50,000 ETH in exchange for BTC
The domino effects do not seem to end with the FTX exchange crisis as this exchange shows evidence of hacker attacks which drained large amounts of ETH in exchange for BTC.
Meta partners with Polygon to introduce features that let creators mint and sell NFTs on Instagram.
Earlier this year, Meta unveiled new tools for creators to build businesses on Facebook and Instagram as part of its endeavor to reform its social media platforms in order to create stronger competitive advantages over TikTok and other competitors in the industry. One of the most significant features introduced is the option for creators to create their own digital collectibles on Instagram and sell them to fans, both on and off Instagram.
An overview of the FTX crisis. The price of cryptocurrencies plummeted
FTX’s fall is causing a big shake in the crypto market pushing the price of BTC down to below $16k/BTC, a new 2-year low. The…