News

Korean-Exchanges-To-Be-Penalized-for-LUNA-Demise
Korean Exchanges To Be Penalized for LUNA Demise

South Korea will penalize cryptocurrency exchanges based in the country for damages to LUNA investors. Authorities also urged crypto exchanges to freeze funds held by LUNA Foundation Guard. Sources say the police have found evidence suggesting LFG is guilty of embezzlement. South Korea will be penalizing cryptocurrency exchanges based in the country over the collapse of LUNA and UST. According to various media sources, these exchanges will be liable for damages to LUNA investors. In addition, the Seoul Police Cybercrime Investigation Unit has reached out to exchanges, urging them to freeze funds held by LUNA Foundation Guard (LFG). This happened

1 min read
Axie-Infinity-to-Launch-AxieCon-Amid-Daily-Active-Users-Decline
Axie Infinity To Launch AxieCon Amid DAU Decline

The first-ever AxieCon includes community discussions, product announcements, and parties. Players aren’t happy with the SLP price inflation amid the daily active user drop. Waitlist ticket registration for AxieCon is now available. NFT-based game Axie Infinity announced via its official Twitter account the first-ever AxieCon. The event is scheduled for September 7-10, 2022, and will be held at Fira de Barcelona convention center in Spain.  AxieCon: Barcelona is a physical gathering of Axie Infinity’s digital community, which includes builders, battlers, dreamers, and thinkers for three days of live Axie event. The three-day event will feature product announcements, exclusive merch, developer

2 mins read
Polkadot Global Hackathon Now $270K Prize Pool
Polkadot Global Hackathon Now $270K Prize Pool

Polkadot Hackathon Global Series: North America to launch on May 30. The event is open for all, though it focuses on North America. The $270,000 prize pool will update on a rolling basis. Global hackathon organization AngelHack announced via tweet the first Polkadot Hackathon Global series: North America from May 30 to July 18, 2022. After the huge success of Polkadot APAC Hackathon in October 2021, the Web3 Foundation now brings this fully virtual program that will last for six weeks. Focusing on Substrate, Polkadot, and Kusama, the hackathon will gather a diverse community of blockchain developers to build and

2 mins read
Forbes Reveals Top NFT Marketplaces in 2022
Forbes Reveals Top NFT Marketplaces in 2022

An NFT marketplace is a digital platform for buying and selling NFTs. Some NFT marketplaces allow users to mint their own NFTs on the platform itself. Top NFT marketplaces include OpenSea, Rarible, NBA Top Shot, Binance, Nifty Gateway, and SuperRare. American business magazine company Forbes shared via tweet a list of top non-fungible token (NFT) marketplaces this year. In detail, the difference between an NFT marketplace usually varies from the system they own and how it operates. Also, according to the 2021 Market Report published by crypto data company Chainalysis, NFT has become more popular as the market has grown

2 mins read
Snoop Dogg, Steve Aoki Form Alpha Doggz on Gala Music
Snoop Dogg, Steve Aoki Form Alpha Doggz on Gala Music

Snoop Dogg & Steve Aoki formed a new group Alpha Doggz. The new group disclosed the premiere of two songs this week. Gala Music will release the remaining songs on May 23. Gala Games, in partnership with Death Row Records, will release in public a project from Snoop Dogg and Steve Aoki this coming May 23.  Hip-hop legend Snoop Dogg and electro-dance music DJ Steve Aoki have partnered to create new group Alpha Doggz & announced their debut EP titled ‘Da Da’. Last February, Gala Games launched its Web 3.0-inspired music platform — Gala Music and introduced the “Listen-to-Earn” concept.

2 mins read
The-Sandbox-Gives-$25M-to-World-of-Women-NFT
The Sandbox Gives $25M to World of Women NFT

The Sandbox gave a $25M grant to World of Women NFT collective. It aims to promote diversity and inclusivity of women in Web3 space. The Sandbox invested more than $175M to support the metaverse ecosystem. Leading metaverse brand Sandbox revealed in a tweet that they have given a $25 million grant to World of Women NFT. The grant was part of Sandbox’s drive to support creators around the world and the metaverse ecosystem. The metaverse brand invested more than $175 million to secure stability and sustainability growth of the community. The Sandbox is a community-driven platform where players and creators

2 mins read
Limewire-To-Launch-Music-NFT-With-Universal-Music
Limewire To Launch Music NFT With Universal Music

Limewire signed a deal with Universal Music Group for music NFT licensing. UMG artists will be able to sell their music in the form of NFTs through Limewire. Along with early Limewire marketplace access, users can also win NFT airdrops by signing up for its waitlist. Limewire, a discontinued peer-to-peer file-sharing software, revealed a partnership with Universal Music Group via tweet to bring music NFTs via its marketplace.  The free file sharing software is relaunching as an NFT marketplace for art and entertainment, pointing out that it initially focused on music. The company claims that they are returning as a

2 mins read
Recommended News :
After $625M Loss, Axie Infinity’s Discord Gets Hacked

Axie Infinity confirmed the Discord hack via tweet. The team said they wouldn’t do a surprise mint without announcing it simultaneously. The Mee6 team clarified that their system remains secure. While Axie Infinity is still recovering from a $625M exploit, its Discord account has been targeted by another hacking incident. In a tweet, they stated that someone has hacked the MEE6 bot installed on their main Axie server. MEE6 is a Discord Bot that can do numerous tasks including moderation, leveling roles, making announcements, playing music, and others. Axie Infinity claims that hackers used the said bot to give authorization

2 mins read
Brave-Slams-Google-for-New-‘Anti-Privacy’-Proposal
Brave Slams Google for New ‘Anti-Privacy’ Proposal

Brave urged the digital community to oppose Google’s new First-Party Sets proposal. According to Brave, this will dramatically reduce privacy barriers between sites. On the other hand, Google argued that First-Party Sets will actually improve privacy. Brave Software, known for its browser that integrates Basic Attention Token (BAT), slammed Google for its First-Party Sets proposal. According to the former, this new feature will reduce privacy barriers between sites, resulting in user info vulnerability. According to Brave, this proposal is “both alarming and harmful.” Brave explained how the First-Party Sets would work. This constitutes a “radical change” in how the Web

2 mins read
ecommended News :
Ripple Pledges $100M to Bolster Global Carbon Market

Ripple announced an allocation of $100 million for bolstering the global carbon market. The company is taking part in tokenizing carbon credits. In addition, Ripple is aiming to achieve a net-zero carbon footprint by 2030. Ripple has announced that it will be allocating up to $100 million to “scale and strengthen” global carbon markets.  According to the press release, the said amount will be used to invest in companies and startups that focus on this area. The funding will accelerate carbon removal activity and help modernize carbon markets through investments in innovative carbon removal companies and climate-focused fintechs. The company

1 min read
Crypto Market Plunges With Stocks Amid S&P 500 Dip
Crypto Market Plunges With Stocks Amid S&P 500 Dip

The crypto market has dipped alongside the stock market. The combined crypto market valuation is at $1.3 trillion. Meanwhile, Tesla got kicked out of the S&P 500 amid concerns of accidents and alleged racism. The crypto market has plunged anew alongside the stock market amid the most recent dip of S&P 500 stocks. Bitcoin has lost its footing at the $30,000 crucial support level again and is currently trading at $29,000, according to CoinGecko. Ethereum experienced the same, with its price last seen at $1,966.02. On-chain data analysis firm Santiment noted the strong correlation between the crypto market and the

2 mins read
44 Countries Meet in El Salvador to Discuss Bitcoin
44 Countries Meet in El Salvador to Discuss Bitcoin

President Nayib Bukele of El Salvador confirmed a meeting with 44 other countries. The main focus of the meeting is on Bitcoin and the digital economy. El Salvador, the first country to recognize Bitcoin as legal tender, now has 2,000 BTC holdings. El Salvador’s President Nayib Bukele announced via Twitter that 44 countries will meet in El Salvador. According to him, they will discuss financial inclusion, digital economy, banking the unbanked, the Bitcoin rollout and its benefits in his country. The 44 countries consist of 32 central banks and 12 financial authorities. These central banks and financial authorities are essentially

2 mins read