Gucci has become the first in its league to include ApeCoin as a payment option for its products. Denoted as APE, the token was launched in March this year to power metaverse applications around the BAYC NFT ecosystem. Currently, each APE token is currently priced $7.33 (roughly Rs. 580) with a live market cap of $2,234,823,542 (roughly Rs. 17,673 crore).
Gucci Ups Its Web3 Game, To Accept ApeCoin Payments in Select US Stores
Soulbound Token Explained: Here’s Everything You Need to Know
Soulbound tokens are non-transferable NFT, which are unique to an individual, storing relevant data like education credentials, employment history, club memberships etc.
Michael Saylor Steps Down as MicroStrategy CEO to Focus on Bitcoin Acquisition Strategy
MicroStrategy CEO Michael Saylor is stepping down to become executive chairman “to focus more on our Bitcoin acquisition strategy and related Bitcoin advocacy initiatives,” according to a company statement.
Magic Eden NFT Marketplace Expands Blockchain Support to Ethereum
Magic Eden, a marketplace for NFTs, has now added support for NFTs built on the Ethereum blockchain. The integration of Ethereum with Magic Eden comes at a time when the blockchain is closer than ever to getting its eco-friendly update called the ‘Merge’.
Bitcoin, Most Cryptocurrencies Bounce to Recovery, Stablecoins See Small Dips
The overall crypto market cap grew by 0.89 percent as majority cryptocurrencies registered gains. While BTC saw a minor price fluctuation, it stayed close to the mark of $24,000 (roughly Rs. 19 lakh). ETH was joined by Cardano, Polkadot, and Polygon in registering gains. Stablecoins like USD Coin saw minor losses.
Robinhood Cuts 23 Percent Workforce in Another Round of Layoff Amid Weak Quarter
Robinhood has announced to reduce the headcount by 23 percent, laying off over 780 employees after the company reported quarterly losses. This will be second layoff for the company, which earlier cut 9 percent of its workforce. Robinhood’s monthly average users dropped to 14 million monthly active users in June, with a 44 percent revenue drop.
CRE8 Index: What Is It, and How It Can Help You Create a Great Crypto Portfolio?
Robinhood’s Crypto Arm Fined $30 Million by New York State Department of Financial Services
The New York State Department of Financial Services (NYDFS) has fined Robinhood’s crypto arm, Robinhood Crypto, $30 million (roughly Rs. 230 crore) for alleged violations of anti-money-laundering, cybersecurity and consumer protection rules, the regulator said on Tuesday.
ED Probing WazirX in 2 Cases, Transactions With Binance ‘Cloaked in Mystery’, Says MoS Finance
The Enforcement Directorate is investigating two cases related to cryptocurrency against WazirX under the provisions of Foreign Exchange Management Act, 1999 (FEMA), Minister of State for Finance Pankaj Chaudhary said on Tuesday. “…Further, it has been found that all crypto transactions between these two exchanges (WazirX and Binance) were not even being recorded o…
Brazil’s São Paulo Signs Argentine Football Player Giuliano Galoppo With Payments in USDC Stablecoin
Brazil’s São Paulo football club announced the introduction of Argentina’s Banfield football club player Giuliano Galoppo. The transfer funds are in the form of the stable currency USDC through the Latin American exchange Bitso.