The Fahrenheit Consortium, composed of Arrington Capital, a venture capital firm, and US Bitcoin Corporation, a miner, has successfully acquired Celsius Network’s assets through a court-sanctioned auction process. The consortium has received assets worth around $2 billion from Celsius, consisting of their institutional portfolio of loans, staked crypto assets, mining units, and various alternative investments….
India’s Trinity Gaming has embarked on a unique partnership with Everdome, a move that promises to usher in the first Mars-based virtual community. The venture will transition the gaming landscape in India from the current Web2 platform to a more advanced and interactive Web3. Delighted to announce Everdome’s partnership with Emchain – leveraging their network…
Emerging markets present unique opportunities for cryptocurrencies and blockchain technology adoption. In Africa, cryptocurrencies have become a popular alternative to traditional financial systems, especially for those without access to banking services. In addition, blockchain technology is solving traceability problems in the supply chain, managing identities, and solving ownership disputes. The growing economy and technologically savvy…
Meta has been hit with a record-breaking fine of €1.2 billion ($1.3 billion) by European Union regulators. The penalty was imposed due to the transfer of personal data belonging to Facebook’s EU users to servers based in the United States. Meta Facing Allegations A statement was issued by the European Data Protection Board on Monday,…
MultiversX, formerly Elrond, has joined forces with Opera Desktop to facilitate access to its state-of-the-art blockchain technology via desktop and mobile browsing platforms. This strategic alliance aims to simplify onboarding, bolster mass adoption, and provide a unique platform for interaction with the metaverse-oriented blockchain of MultiversX. Revamping Web Browsing: MultiversX’s Integration into Opera MultiversX’s seamless…
In an unexpected turn of events, a collection of non-fungible tokens (NFTs) called ‘Bitcoin Frogs,’ with a Pepe theme, takes the lead. Over the last 24 hours, it has gained the spot of being the most traded NFT collection. With a trading volume exceeding $2.2 million, it left behind well-known collections, such as Bored Apes….
The NFT market of China received warnings on Monday from The Supreme People’s Procuratorate of China stating that there are a lot of risks hovering around the NFT market and the authority also stressed the need for proper regulation of emerging asset classes highlighting that NFTs also share some elements of virtual assets. NFT in…
Bitcoin, the largest cryptocurrency in the world, has achieved a significant milestone as the number of individuals who own at least one whole Bitcoin, known as “wholecoiners”, has exceeded one million as per Glassnode. Currently valued at over $27,432, a “wholecoiner” is someone who possesses a complete Bitcoin. Bitcoin: Addressing Circulating Supply, Lost Coins, and…
In a surprising move, Web3 platforms Tessera and Escher recently declared their intent to discontinue operations. Andy Chorlian, Co-Founder and CEO of the Fractional Token Company, announced the decision via a Twitter post. The announcement came amidst a challenging period in the crypto industry, often referred to as the “crypto winter.” The Unique Propositions of…
Franklin Templeton, one of the leading asset management companies in the world has filed for a crypto fund with the U.S. regulator, SEC. This fund is focused on institutional investors and it will be named Franklin Templeton Blockchain Fund II.  This is not the only crypto fund that the company has in its basket. The…
