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Socios, the biggest player in the multi-billion-dollar crypto fan token market, has just aligned with one of the NFL’s biggest teams. Today, Socios announced a marketing deal with Kraft Sports + Entertainment, owners of the National Football League’s New England Patriots and Major League Soccer’s New England Revolution, to bring both clubs onto its platform. …
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Some of crypto’s rarest and largest ocean dwellers are quickly becoming endangered this year—in fact, the number of Bitcoin’s biggest whales has dropped to its lowest point in history. Blockchain journalist Colin Wu tweeted the data from blockchain metrics site Glassnode earlier this afternoon. As of today, the number of Bitcoin addresses holding 1,000 Bitcoins …
Ethereum developers have fixed a loophole in a forthcoming upgrade that would have left the network vulnerable to fake large transactions. Scheduled for mid-July, EIP-1559 burns some ETH spent on processing transactions instead of giving it all to miners, as is currently the case. The proposal aims to reduce the volatility of Ethereum’s transaction fee. …
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Southeast Asia’s largest bank, Singapore-based DBS, has become the latest bank to issue a bond on the blockchain. Issuers hope that couching traditional securities in a crypto framework can make them easier to trade. The process also allows for fractionalization; cutting up bonds and turning them into fungible tokens can make unwieldy investments a little …
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Derivates marketplace Chicago Mercantile Exchange (CME) Group today launched micro Bitcoin futures at one tenth the size of one Bitcoin. The new offering aims to attract priced-out retail investors and flexibility-seeking institutional investors. What it boils down to is that Bitcoin futures contracts are now available to investors at $6,660 in today’s market—a far cry …
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If someone steals your private key or cracks your cryptocurrency exchange password, your holdings are toast. This ever-present threat wards off institutional investors from investing big sums in crypto, says Anthony Foy, CEO of London-based Qredo. “Existing custodial models are fundamentally broken. Institutions have to choose from retail wallet solutions, vulnerable centralized databases, or cold …
Continue reading “Qredo Raises $11 Million to Decentralize Crypto Custody Industry”
Larva Labs, the two-man development team behind the wildly popular CryptoPunks NFT series, has announced a new set of NFTs called Meebits. Where CryptoPunks were pixelated 2D icons, Meebits are 3D avatars rendered in voxels (pixels with volume—hence, “voxels”). They’re algorithmically generated, and attached to NFTs on the Ethereum blockchain, which means the standard ethical …
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The Turkish government has added cryptocurrency exchanges to the list of firms subject to the country’s anti-money laundering and terrorism financing (AML-TF) regulations. The regulatory change took immediate effect after the presidential decree—similar to an executive order in the US—was published in the Official Gazette today. By applying those rules to crypto, the government now …
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Visa chairman and CEO Al Kelly said in a quarterly earnings call on April 27 that the company has ambitious plans for digital currencies. “I would say that this is a space that we are leaning into in a very, very big way and I think are extremely well-positioned,” Kelly said. But how, precisely, is …
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Sega, the video game giant behind Sonic the Hedgehog, is making a move into the NFT industry. According to a Twitter post by Sega, the Tokyo-based developer is partnering with blockchain startup double jump.tokyo to create NFTs based around Sega’s IP. Per Ledger Insights, double jump.tokyo has received an investment from Sega’s holding company for …
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Hasbro CEO Brian Goldner has said that the toy and game manufacturer is considering incorporating non-fungible tokens (NFTs) into brands such as Magic: The Gathering—a world famous collectible card fantasy game. “We’ll continue to monitor and look at what appears to be an accelerating Magic business,” Goldner said during a quarterly earnings call, adding, “The …
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