Gucci has signed a multi-year deal with Yuga Labs, the parent company behind popular NFT series like Bored Apes Yacht Club (BAYC) and CryptoPunks among others. The aim of this partnership is to see how the metaverse can be the next destination for fashion and entertainment purposes.
Gucci Onboards BAYC Parent Yuga Labs in Multi-Year Deal to Explore Metaverse Ventures
Bitcoin, Ether Tumble After Fresh Case Engulfs Binance in Legal Trouble in US
The overall crypto market cap dropped by over three percent in the last 24 hours. Majority altcoins including Ether, Solana, Polkadot, and Polygon followed Bitcoin on the loss-trail. The legal issues impacting industry players like Binance, Coinbase, and Tron founder Justin Sun have contributed to the drops in the values of majority cryptocurrencies.
DeFi Platform Kokomo Finance Mysteriously Vanishes from Public Domain, $4 Million Rug Pull Suspected: Reports
DeFi platform Kokomo Finance has mysteriously disappeared from all social networking platforms, stirring fear and concerns among the crypto community members that had funds linked to the service. The platform was built on the Optimism Layer-2 blockchain built by Ethereum developers.
Crypto Conman Dupes Retired Mumbai Woman on Matrimonial Website, Steals Rs. 24 Lakh: Report
A crypto scammer reportedly connected with a Mumbai-based woman on a matrimonial site last year and stole Rs. 24 lakh from her. The conman told the victim that he was a US-based engineer, convinced her to invest in a crypto firm. He later connected her to a ‘guide’, who was set up to assist the woman with her investments.
Bitcoin, Ether Prices Continue Upward Trend as Some Altcoins’ Values Fall Amid Month-End Volatility
The overall crypto market rose by one percent over the last 24 hours. While BTC and ETH rallied with gains, Cardano, Ripple, and Solana recorded losses. Industry experts estimate that the crypto market will only swell in time with voters around the world, expected to bring in pro-crypto leaders.
Terraform Founder Do Kwon Charged for Forging Documents by Montenegrin Police
Montenegrin police on Friday formally charged Do Kwon, the cryptocurrency entrepreneur behind two digital currencies that lost an estimated $40 billion (nearly Rs. 3,29,500 crore) or more last year, for forging official documents after arresting him on Podgorica airport.
Coinbase, SEC on Collision Course for ‘Existential’ Clash Over Crypto Industry
Friction between crypto proponents and the regulator have been brewing under Gensler’s leadership, with both sides growing increasingly loud in their criticisms. The escalating tension exploded into public view on Wednesday when Coinbase CEO Brian Armstrong and the company’s chief legal officer Paul Grewal posted online that the firm had been told that SEC staff inten…
Bitcoin, Ethereum and Most Cryptocurrencies Rebound Despite Regulatory Crackdown
The overall crypto market valuation rose by over three percent in the last 24 hours. Bitcoin and Ether, along with maximum other cryptocurrencies recorded gains on Friday, March 24. These even include Dogecoin and Shiba Inu among Solana, Polkadot, and Polygon.
Terraform Founder Do Kwan Arrested in Montenegro, South Korea to Seek Extradition of Crypto Fugitive
South Korea will seek the extradition of fugitive crypto entrepreneur Do Kwon, prosecutors told AFP Friday, after the Terraform founder was arrested in Montenegro and hit with US fraud charges.
What is the Hyperbitcoinization Theory: Explained
The hyperbitcoinization theory suggests that there could come a point in the future where fiat currencies would be deemed unsustainable, and Bitcoin would become the hardest form of money. The theory was coined by veteran Bitcoin supporter, Daniel Krawisz in 2014.