Facebook founder Mark Zuckerberg’s ambitious program to create his own cryptocurrency is falling apart amid rising tension from regulators.
Reddit is testing out NFT profile pictures on its platform, with the news coming just a week or so after Twitter implemented a similar feature.
Since crypto has become more mainstream, there has been one issue of ill or another in the sector. This shows that some traders’ concerns about entering the market are valid. Despite a widespread clampdown on these malicious actors, they always find a new way to reinvent themselves. This is highlighted in the latest Chainalysis report, which details an uptick in money laundering across the crypto sector.
With the crypto markets trading sideways this week, some Metaverse crypto coins manage to see significant price gains. While many Metaverse crypto coins saw double-digit percent price increases today, one project, in particular, gained over 500% today!
The institutional arm of the Consensys-owned MetaMask has integrated its first multi-chain digital asset custody solution called Cactus Custody.
The leader of the Nigerian blockchain association, Senator Ihenyen, has implored the country’s lawmakers — currently pushing for the securities law to be revamped — to consider crafting laws that regulate the crypto industry.
Elon Musk’s electric car company, Tesla, did not sell any bitcoin in the fourth quarter, according to the company’s latest financial statement. Tesla is holding bitcoin worth $1.26 billion. The company still has not resumed accepting bitcoin payments but now accepts the meme cryptocurrency dogecoin (DOGE) for some merchandise.
Starting and operating a DAO can require stitching together dozens of single-feature solutions. Superdao wants to change that, announcing today that it has raised $10.5 million in a funding round led by VC firm SignalFire to help it achieve its goal of building an all-in-one DAO protocol.
The number of global crypto owners is expected to exceed one billion by the end of the year, according to a report by Crypto.com. “Nations can no longer afford to ignore the growing push to crypto by the public. We may in many cases expect a friendlier stance towards the crypto industry,” the company said.