Author: bitcrypto.io
Blum one of the budding play-to-earn crypto projects hosted on Telegram has finally announced its much-awaited Airdrop date while revealing a new roadmap for current users. The Blum project is set to Airdrop its native BLUM token to its community on September 20 and has revealed a new roadmap for its current engagers. This was met with excitement by the Nigerian crypto space which has heavily invested in the Blum Airdrop campaign since its launch. Some Nigerian Web 3 enthusiasts hailed the sincerity and transparency of the Blum project after it returned an initial 0.2 Ton deposit it demanded from…
Many tech companies are expanding their reach into the web3 market, integrating blockchain and web3 technologies into their products and services. In the latest development, South Korean internet giant Naver is launching its first digital asset wallet for the Korean market. It is partnering with Chiliz, a blockchain provider for sports and entertainment, as the inaugural blockchain for the wallet. This collaboration marks the launch of NAVER Pay Wallet, NAVER Pay’s first Digital Assets Wallet for the 33 million+ users Korean market with Chiliz Chain as its inaugural blockchain. Naver Pay is a mobile payment service from Naver. With its…
Custodia officials blame the reduction on what they call the federal government’s ‘Operation Chokepoint 2.0’ The Biden administration’s regulatory crackdown on cryptocurrency has caused a significant restructuring at a small, but high-profile crypto bank. Custodia Bank a Wyoming financial institution that offers banking services to crypto companies, informed staff Thursday morning that it will lay off nine of its 36 employees in an effort to preserve capital as it battles the nation’s central bank in court. The layoffs come as Custodia is locked in a legal battle with the Federal Reserve to gain access to a so-called master account which gives state-chartered institutions…
Durov’s arrest underscores tension between government control and digital privacy, directly affected Toncoin’s market value. At 39 years old, Pavel Durov, the Russian-born billionaire and founder of messaging app Telegram, has done a lot in the tech world, not just for the crypto industry but also for the mass consumer base that’s making use of the privacy features for the applications he founded. Durov was recently arrested at Le Bourget airport near Paris. According to French authorities, Durov was detained as part of an investigation into alleged illegal activities facilitated by Telegram. The authorities claim that, as a platform, Telegram…
“I believe the government pressure was wrong, and I regret that we were not more outspoken about it,” said the Meta CEO in a letter. On Aug. 26, the tech billionaire sent a letter to Jim Jordan, chairman of the House Committee on the Judiciary, regarding concerns about content moderation on social media platforms in an ongoing investigation. Zuckerberg said senior Biden administration officials “repeatedly pressured” Meta, the parent company of Facebook and Instagram, to “censor” content in 2021. “Like I said to our teams at the time, I feel strongly that we should not compromise our content standards due…
Ronaldo has been known for making history on the football field. But his accolades have started to spread off the field as well. Ronaldo became the quickest to reach 1 million subscribers on YouTube Portugal’s seasoned forward Cristiano Ronaldo broke the record for hitting the fastest 10 million subscribers on YouTube. Ronaldo has been known for making history on the football field. But his accolades have started to spread off the field as well. Ronaldo became the quickest to reach 1 million subscribers on YouTube after opening his channel on Wednesday. According to Goal.com, Ronaldo broke the record by ousting…
The US government has made waves in the cryptocurrency world by transferring a whopping 10,000 Bitcoin (BTC) from a wallet linked to the infamous Silk Road seizure, as reported by Worldcoinindex. This massive transaction, worth over $592 million according at the current market price of $59,160.64 per BTC, has caught the attention of investors and enthusiasts alike. The move, confirmed by on-chain data, is a significant development in the government’s handling of its seized digital assets. It raises questions about the potential impact on the market and the future of government involvement in the world of cryptocurrencies. As the news…
The Australian corporate regulator has sued the country’s stock market operator alleging it misled the public about the progress of a troubled software upgrade and accusing the company of undermining financial market integrity and investor confidence. The Australian Securities and Investments Commission (ASIC) said ASX (ASX.AX), responsible for some A$5 billion ($3 billion) of trades a day, broke the law when it flagged in a February 2022 trading update that it was on track to switch to a new blockchain-based clearing and settlement platform the following year. The lawsuit, which seeks unspecified fines, marks a low point for relations between ASX…
ezBtc, a crypto exchange operational between 2016 and 2019, was dissolved in 2022 due to customers being unable to withdraw their assets. The British Columbia Securities Commission (BCSC) revealed that the exchange’s founder, David Smillie, gambled away 13 million Canadian Dollars, or 9.5 million US Dollars, causing its liquidity crisis. The BCSC mentioned in a court filing, “Customers deposited their assets with ezBtc so they could trade in crypto assets using the ezBtc platform. Their assets were not meant to be used for any other purpose. Diverting customers’ assets to Smillie’s Exchange Accounts or gambling sites while representing to customers…
Ferrari partners with Asphalt Legends Unite for a brand-new competition to feature exclusive prizes and full cross-play support Ferrari and Gameloft announced that Asphalt Legends Unite will receive its very first esports competition, the Ferrari HP Esports Asphalt Series, giving aspiring racers the chance to battle it out for a chance to win exclusive prizes and bragging rights as the world’s best Asphalt Legends Unite player. In order to stake their claim as the world’s best, players can take part in a series of four time-limited events, with each one focused on an iconic Ferrari car. Each round is open…
