El Salvador’s big bet on Bitcoin, which the Central American nation has been buying since September, has soured in recent weeks as a cryptocurrency rout shaved over a third of the value of the government’s holdings.
Bitcoin Crash Leaves El Salvador With No Easy Exit From Worsening Crisis: Report
Axie Infinity’s Discord Bot Targetted by Hackers: Here’s What You Need to Know
Axie Infinity took to Twitter to inform users about a new hacking attempt concerning its discord bot MEE6. The team further announced that its Discord bot was manipulated by hackers to issue fake mint announcements, adding that the users should be wary of any such messages if they open their Discord account.
Meta Hints at Launching Crypto-Supported Payments Platform, Files for Five Patents
Meta is exploring new operational avenues in the Web3 space. The parent company of Facebook has filed for fresh patents that includes its plans to launch ‘Meta Pay’. The company could be looking to bring a crypto-backed payments platform, the filings suggest.
Jack Dorsey Calls BTC ‘Open Standard for Global Money Transmission’, Outlines Plans for ‘Block’
Jack Dorsey continues to rely on the potential of Bitcoin, despite the ongoing rough days for the crypto asset. He aims to integrate more Bitcoin-focussed services to his fintech platform ‘Block’ as he predicts BTC to become the native currency of the Internet in the coming days.
Bitcoin Falls to $29,000 Territory While Ether, Altcoins Plunge Again Due to More Risk Aversion
After crashing severely in early May and throughout April 2022, Bitcoin did show some hope to investors last week by consolidating around $30,000 (roughly Rs. 23.5 lakh) levels. However, on Wednesday, May 18, Bitcoin prices once again slipped under $29,000 (roughly Rs. 22.5 lakh) following a strong correction in the US equity market.
Getty Images to Launch NFT Marketplace in Collaboration With Candy Digital
Online image gallery Getty Images announced it will launch a non-fungible token (NFT) marketplace and debut digital collectibles on the Ethereum Virtual Machine-based Palm sidechain.
Terra’s Internal Legal Team Resigns After LUNA, UST Debacle
The ongoing saga with Terraform Labs, the blockchain developer behind Terra (LUNA), took a turn following a supposed change in employment status for many on the firm’s legal team.
Robinhood Launches New Non-Custodial Web 3 Wallet to Rival MetaMask, Coinbase
Robinhood has announced its new non-custodial, Web 3 wallet that will allow customers to have more control over their digital assets. The company added that its new multichain wallet would launch as a standalone app and will feature a similar design to its core app, which simplifies trading functions.
Coinbase Slows Down Hiring Amid Market Downturn, India Head Said to Be Moving to US
Coinbase crypto exchange is going through a turmoil presently. After reporting a 44 percent dip in trading values in 2022 Q1, the company has decided to slow down on its hiring. Amid rumours of Coinbase’s financial crunch making the rounds, its India site head Pankaj Gupta has also reportedly decided to move to the US. The company is looking to emerge stronger after…
Linktree Gives Web3 Twist to Services, Adds NFT Features Verifiable by OpenSea, Metamask
Linktree, the social media link aggregator, has launched new NFT features to help its creator community connect directly with interested promoters and buyers. The platform now supports an NFT gallery for users to browse. The digital collectibles showcased on this gallery will be authenticated by OpenSea and Metamask.