In the future, everything purchased in one part of the metaverse could be required to be available on another platform, with the same functions and traits. In a bid to facilitate this, Mark Zuckerberg has announced a new digital wallet service called Meta Pay. The digital wallet has started rolling out in the US, and is slated for a global release gradually.
Meta Pay: Digital Wallet by Meta Launched to Facilitate Digital Payments in Metaverse
BTC, ETH See Losses as Crypto Market Slips Again a Day After Showing Recovery Signs
The crypto market lost over $25 billion (roughly Rs. 1,96,546 crore) in the last 24 hours. Bitcoin, Ether, Cardano, and Polygon witnessed losses among other altcoins. Even stablecoins lost their steam on Tuesday. Only a few coins like Baby Dogecoin managed to see some small gains. Analysts believe if the crypto winter fears do come true, the period will only refine th…
Bankman-Fried’s FTX Seeking Path to Buy Robinhood, No Formal Approach Made Yet: Report
FTX crypto exchange is said to be exploring ways to know whether it will able to acquire Robinhood Markets. The matter is being discussed internally and Robinhood has not received a formal takeover approach, the report said.
Bitcoin Miners Sell Their Holdings Amid Crypto’s Crashing Market, Tumbling Value: Report
Bitcoin miners are reportedly selling off their holdings as a plunge in prices, rising energy costs and increased competition bite into profitability. According to analyst Jaran Mellerud, the plummeting profitability of mining forced these miners to increase their selling rate to more than 100 percent of their output in May, with conditions getting worse in June.
Harmony Announces $1 Million Bounty to Help Return $100 Million Lost in Horizon Bridge Hack
Horizon Bridge, a cross-chain interoperability platform between Ethereum, Binance Smart Chain (BSC) and Harmony blockchain networks, has been hacked for $100 million (roughly Rs. 784 crore). The Harmony team has stated that it has been made aware of the theft and has begun working with national authorities as well as forensic specialists to identify the attacker in an…
NYC’s Times Square to Mark Presence in Metaverse, Time Magazine Partners The Sandbox
The Sandbox metaverse will now flaunt the digital version of NYC’s magnificient Times Square. This virtual representation of the Times Square in The Sandbox metaverse is intended to serve as a culture and commerce centre in the virtual universe. Holders of TIMEPieces NFTs will be offered special rewards in the metaverse version of the Times Square.
Hacker Group Anonymous Pledges to Bring Terra’s Do Kwon to Justice in New Video
Hacktivist group Anonymous has pledged to “make sure” Terra co-founder Do Kwon is “brought to justice as soon as possible” in regard to the collapse of the Terra and TerraUSD ecosystems last month.
Yuga Labs Files Lawsuit Accusing Ryder Ripps of Scamming Consumers by Selling Fake Bored Apes NFTs
Yuga Labs, the company behind Bored Ape Yacht Club, has filed a lawsuit against Ryder Ripps, claiming the online provocateur has been “scamming” buyers with falsely equivalent NFTs in a “deliberate effort to harm Yuga Labs at the expense of consumers.”
Binance Announces Flagship Platform for VIP, Institutional Investors
Binance crypto exchange is launching a flagship programme called ‘Binance Institutional’, that will offer rewards with discounts and other privileges to big-capital investors. Crypto experts are known to say that institutional investments play a vital role in maintaining a balance in the crypto market, especially amid low trading days. Hence, Binance’s decision …
Majority Altcoins Join BTC, ETH in Reflecting Losses as Price Chart Remains Drenched in Red
Majority cryptocurrencies found themselves on the loss-side of the price charts, after BTC and ETH opened with losses on Monday, June 27. From Binance Coin to Solana and Polygon, several popular cryptocurrencies remained to trade lowly on the price charts, impacted by losses. Only a few altcoins like Ripple, Tether, and USD Coin managed to see small gains.