Crypto Biz: The Web3 arms race is upon us, April 14–20, 2022
2022 is shaping up to be the year for Web3. KuCoin, Framework Ventures and CoinDCX have all made a splash in this emerging paradigm. “Web3” used to be an empty…
Bank of England seeks $420M funding to regulate crypto
The UK Central Bank plans to intensify scrutiny over the buzzing cryptocurrency industry. To achieve this, the institution plans a major funding drive to monitor digital assets and assess how…
Bitcoin Seized from Silk Road to Pay Ross Ulbricht’s $183M Debt to the US Govt.
Summary: Silk Road’s creator Ross Ulbricht will have his debt to the US government wiped off He owes the US Government $183 million, and it will be paid for using…
Columbia University professor appointed as head of a16z’s crypto research unit
Tim Roughgarden, a professor at Columbia University and a theoretical scientist, has been appointed as the head of the new crypto research unit at Andreessen Horowitz’s a16z. a16z is one…
Justin Sun is set to release Tron stablecoin backed by cryptocurrencies
Justin Sun is following the steps of Terraform Labs in creating a stablecoin that will be backed by cryptocurrencies. Sun plans to release a decentralized algorithmic stablecoin dubbed USDD for…
Ukraine bans Bitcoin purchases with local currency as martial law takes effect
The National Bank of Ukraine (NBU) is still taking measures to ensure no capital outflows following the negative economic effects caused by the Russian invasion. The country is now restricting…
Ridley Scott is set to produce a movie on Ethereum
Ridley Scott, a renowned film director, is set to venture into the cryptocurrency sector by producing a movie about Ethereum. The film dubbed “The Infinite Machine” will focus on the…
‘Web3 offers us the promise to rearchitect the internet,’ says NFT.com Founder Jordan Fried
NFT.com is aiming to cultivate a democratic, community-governed NFT headquarters to compete with the industry’s top marketplaces and data aggregate platforms. Nonfungible tokens (NFTs) experienced a record-breaking year throughout 2021…
Bitcoin follows fresh US stocks dive as analysis ‘expects’ BTC price to take $37.5K liquidity
It’s looking like a dismal end to the week for both crypto and equities alike with losses increasing. Bitcoin (BTC) faced selling pressure at the Wall Street open on April…
Twitter and Stripe roll out USDC payout program for creators via Polygon
In addition to payments to bank accounts and debit cards, select content creators can now elect to have USDC earnings sent to their wallets. On Friday, Twitter and Stripe announced…
Georgia crypto mining’s potential: What’s driving growth in the industry?
A combination of laissez-faire factors has created a beneficial environment for cryptocurrency mining in Georgia. Who would have thought that a small country in the Caucasus Mountains could become one…
Bitcoin Price Prediction for Today, April 22: BTC Dips Below $40,000 Level
The Bitcoin price prediction shows that BTC is back under $40,000 after sliding from the monthly high of $43,000 level. BTC/USD Long-term Trend: Ranging (Daily Chart) Key levels: Resistance Levels:…
Polygon Announces Supernets and a $100M Development Fund
Polygon has set aside $100 million for a new blockchain system called Supernets. Supernets will make it easy for developers to develop applications with robust customizability and low costs. The…
Stripe Integrates Polygon For USDC Payments On Twitter
The payments giant and Ethereum layer 2 scaling protocol Polygon will team up to facilitate payments using Circle’s USDC stablecoin Twitter creators will be the first to test out the…
Payments Giant Stripe Rolls Out Pilot to Test Crypto Payouts With Twitter
On April 22, the payments giant Stripe announced that it is expanding global payouts with crypto assets via a new pilot. Stripe’s crypto executive Karan Sharma revealed crypto payouts for…