Minecraft Bans NFT Integration on Game Servers | Coinspeaker

Minecraft plans to block the use of its in-game assets such as skin packs, mods, and personal items to create digital collectables. Microsoft-owned video game, Minecraft, has announced an update to its usage guidelines, banning NFT integration on its servers. Minecraft noted the platform is modelled to ensure an inclusive experience for all players. To […]

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Celsius Identifies Mining Operations as One Way of Recouping Losses Ahead of Reorganization Plans

Celsius has stated at a bankruptcy hearing that its mining outfit should be able to repay some creditors ahead of total reorganization. Embattled crypto loan company Celsius Network revealed its reorganization plan based on mining activity at its first bankruptcy hearing. Owing more than $5 billion to half a million creditors, the firm identified its similarly-indebted mining […]

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Leading Auction House Christie’s Launches Web3 Investment Fund

According to Ben Gore, Christie’s COO, the launch of the fund will open more opportunities for exploring Web3 as well as provide another advantage over competitors.  World-leading art and luxury business Christie’s has announced the launch of a new investment fund that will focus on emerging technologies, such as Web3 and art-related financial products. Named Christie’s […]

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Binance CEO Says They Have No Plans to Offer Stock Trading, Will Remain Pure Web 3 Company

Binance CEO said that his company aims to remain a pure Web 3 company and would not just take bets for the sake of it. Binance is also eyeing some potential acquisitions in this bear market. Binance CEO Changpeng Zhao (CZ) offered a hint into what could be the future plans of the company. Global […]

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Otherside Metaverse Demo Takes Off with 4,500 Participants

Yuga Labs also mentioned that the early testing phase which includes a lot of trips would mostly include participants who are Otherdeed owners and third-party developers. The highly-anticipated first trip of the Otherside Metaverse project associated with Yuga Labs’ Bored Ape Yacht Club (BAYC) took place on Saturday with 4,500 participants. Individuals who are mainly […]

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TIME Is Leading Legacy Media into NFT with TIMEPieces | Coinspeaker

Since TIME launched TIMEPieces on September 22nd, 2021, the company has dropped over 20,000 pieces of NFT. The president of American new magazine and news website TIME, Keith Grossman, has been working on the company’s NFT business, TIMEPieces, over the past year. Since then, it has gained the attention of different celebrities like Miguel, Eva Longoria, and […]

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First Half 2022 Sees Highest NFT and GameFi M&A Deals Since 2013

The NFT market went big last year, getting the attention of notable names across different spheres of life. As a result of the NFT craze, the global NFT market hit $17.6 billion last year. Merger and acquisition (M&A) deals of non-fungible tokens (NFT) and game finance (GameFi) companies gained the most attention in the first […]

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10 Million New Users Join KuCoin, Up 219% from 2021 | Coinspeaker

KuCoin is positioned to expand its presence across new markets, primarily Europe, South Asia, the Middle East, Africa, and Latin America. Almost 10 million new users have joined one of the largest crypto exchanges KuCoin, according to the report the company released today. The exchange announced it will be marking the occasion by launching a […]

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5ire Blockchain Completes Series A Funding Round of $100M

Not many blockchain firms have the United Nations Sustainable Development Goals (SDG) at the core centre of their operations, but 5ire does. 5ire blockchain has successfully raised $100 million in a Series A funding round, bringing its valuation to $1.5 billion. The round was solely funded by UK-based conglomerates Sram and Mram. This funding round, […]

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Supermojo Raises $6 Million in Seed Funding | Coinspeaker

The secured fund, according to reports, would be used for creating data analytics, user-friendly crypto infrastructures, and financing solutions. Non-Fungible Token (NFT) financing platform Supermojo has announced to have raised $6 million in seed funding led by BH Digital, DRW Venture Capital, Intersection Growth Partners, and Neuberger Berman. According to the press release, other participants […]

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NFT Marketplace Giant OpenSea Part Ways with 20% of Its Staff

Despite the layoffs, the company will not take its eyes off its core goals which are to build a sustainable and “build a foundational layer for new, peer-to-peer economies.” OpenSea, the largest Non-Fungible Token (NFT) marketplace in the digital currency ecosystem, has revealed that it has parted ways with approximately 20% of its staff, becoming […]

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Tencent Shuts Down NFT Platform, Blames Unfavourable Government Policies

Despite that NFTs are not banned in China, stringent government policies have made it practically impossible, even for NFT businesses to thrive there. China’s news giant Tencent has reportedly closed down one non-fungible token (NFT) platform of its two marketplaces. According to Blue Whale Finance which shared the news, the shutdown has all to do […]

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UN Calls Developing Countries to Take Action against Crypto

According to the UN, the threats posed by cryptocurrencies overweight their advantages, and the use of cryptos may result in financial instability risks and bring more opportunities for illicit financial activities. United Nations (UN) organization seems to be quite skeptical about the growth of the crypto industry and the mass adoption of blockchain. In its […]

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Justin Sun Looks to Revamp Global Economy Using Blockchain

As Grenada’s Ambassador, Sun plans to utilize his expertise in blockchain technology to digitize Grenada’s trade, investment, and governance procedures according to the government of Grenada’s objective. Tron ecosystem founder, H.E. Justin Sun who currently doubles as the World Trade Organization (WTO) Ambassador for Grenada, is looking to curb the flaws inherent in the global […]

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GameStop Launches NFT Marketplace as Part of Turnaround Plan

The NFT marketplace will also enable parties to connect to their own digital asset wallets, including the GameStop Wallet, which was launched recently. GameStop announced on July 11 that it has launched its non-fungible token (NFT) marketplace, which will allow creators, collectors, gamers, and other community members to buy, sell, and trade NFTs of virtual […]

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Meta Alumni Seeking $200M Investment for New Crypto Startup Mysten

The Mysten blockchain is emerging in two distinct modes, including permitting integrations with existing networks, and open protocols based on Mysten-designed components. Four alumni of American multinational tech giant Meta Platforms Inc (NASDAQ: META) are seeking a $200 million investment from investors for their new blockchain startup Mysten. As reported by The Information, should the […]

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Playboy Partners The Sandbox to Create ‘MetaMansion’ Digital Gaming Experience

Playboy and The Sandbox are building MetaMansion upon Playboy’s Rabbitars NFT project that consists of as many as 11,953 unique 3D animated bunny avatars. Playboy, a worldwide known brand by an American global media and lifestyle company PLBY Group Inc (NASDAQ: PLBY), has teamed up with The Sandbox (SAND), the third-largest metaverse based on the […]

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Troubled Crypto Lender Celsius to Hire New Lawyers to Explore Restructuring Options

Celsius has hired Kirkland & Ellis for the restructuring process. Sources said that Celsius is not willing to file for bankruptcy as per the wish of its retail clients. Celsius Network, the embattled crypto lender, has been currently staring at bankruptcy. As per the latest WSJ report, Celsius has dried a new counsel to advise […]

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Yam Finance Foils Governance Attack Seeking to Control $3 Million Treasury

Yam Finance noticed and stopped a governance attack that would have seen the platform lose control of its treasury if successful. Decentralized finance (DeFi) protocol Yam Finance successfully stopped a governance attack aimed at seizing control of the platform’s reserves. Yam Finance said in a tweet that although the attacker made it difficult to notice, […]

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