NFT marketplace Cent, which was behind facilitating the sale of Twitter co-founder Jack Dorsey’s first tweet on the platform, has shut operations citing rampant fakes, plagiarism, and wash-trading.
NFT Marketplace Cent That Sold Jack Dorsey’s First Tweet Shutters Operation Due to Fakes, Wash-Trading
Intel Launches New Blockchain Chip to Tap Crypto Boom
Intel has launched a new chip it says has been specially designed for blockchain activities such as Bitcoin mining and minting NFTs.
Bitcoin Legalisation, Crypto Uncertainty Drag Down El Salvador’s Fitch Ratings
El Salvador has risked scoring funds from the IMF programme that would unlock financing for 2022-23, causing its ratings on Fitch to drop to “junk grade”. In its report, Fitch Ratings said that adopting Bitcoin as a legal tender was not surely an economically viable decision for the country.
White Hat iOS Hacker Earns $2 Million Bounty for Finding, Patching ‘Critical Bug’ in ETH Scaling Platform
Ethereum scaling startup Optimism announced that it had identified and patched a critical bug earlier this month which was discovered and fixed by an iOS jailbreak software Cydia developer and white-hat hacker Jay Freeman for which he was awarded a sum upwards of $2 million (roughly Rs. 15 crore).
Government Has Sovereign Right to Tax Cryptocurrency; Decision on Ban to Come Later: Finance Minister
Finance Minister Nirmala Sitharaman said the government has sovereign right to tax profit made from cryptocurrency transactions, and the decision on banning or not banning will be taken based on feedback from consultations.
Crypto Miners Face Stricter Oversight in Kazakhstan as President Tokayev Orders Electricity Tax Hike: Report
Kazakhstan President Kassym-Jomart Tokayev directed authorities to increase the electricity tax in the country. The move is intended to prevent crypto miners from exploiting the energy resources in the country. The government of Kazakhstan has been asked to draft regulations on crypto mining by April 1.
Bitcoin, Ether Values Dip as US Inflation Numbers Dent Wider Crypto Market Recovery Again
US inflation figures and the market reaction to the numbers appears to have played a key market for the crypto market yet again as both Bitcoin and Ether saw their strong recovery run through the week hit a roadblock.
YouTube Ready for Web3 Move, Plans Foray into NFTs and Metaverse Despite Aiming to Go Carbon-Free
YouTube is planning to integrate Web3 elements like NFTs and the metaverse with its globally used platform. The plans have been highlighted by YouTube’s Chief Product Officer, Neil Mohan in a blog post. The platform has certain environmental as well as user issues to deal with around its Web3 integration.
Binance Crypto Exchange to Invest $200 Million in Forbes
Binance will make a $200-million (roughly Rs. 1,510 crore) investment in Forbes, the media company said, as it prepares to go public via a special purpose acquisition company (SPAC).
OnlyFans to Now Allow Users to Put Up NFT Profile Pictures
OnlyFans, an online subscription platform known for adult content, has launched a feature for users to display verified NFTs as profile pictures, it said.