haycoin

Uniswap Founder Hayden Adams Burns $650 Billion Worth of HayCoin Supply

Yup, you read that right. On October 20th 2023, something remarkable happened in the world of cryptocurrency. Hayden Adams, the founder of Uniswap, made a surprising move that sent shockwaves through the crypto community. He decided to burn 99% of the entire supply of a cryptocurrency called HayCoin. But why did he do this, and …

Reddit community points crypto program

Reddit Ends Community Points Crypto Program, Leading to Significant Value Drop

Reddit, a popular online community platform, is bidding farewell to its blockchain-based Community Points program, which includes the MOON cryptocurrency. This program, introduced three years ago, aimed to motivate Reddit users to contribute high-quality content. However, according to Tim Rathschmidt, Reddit’s Director of Consumer and Products Communications, maintaining it became too resource-intensive to justify. The …

bitcoin etf approval

Bitcoin ETF Approval Chances Soar to 90%, Bloomberg Intelligence Reports

In a significant turn of events for the cryptocurrency world, Bloomberg Intelligence analysts have revealed that the likelihood of the U.S. Securities and Exchange Commission (SEC) approving a Bitcoin Exchange-Traded Fund (ETF) has surged to an impressive 90%. This newfound optimism stems from recent developments, including a legal victory for Grayscale Investments LLC and promising …

ferrari accepting cryptocurrency payments

Ferrari Now Accepting Cryptocurrency Payments for Luxury Sports Cars in the US, Europe Expansion Planned

Ferrari, the celebrated Italian luxury sports car manufacturer, has embarked on a trailblazing journey by embracing cryptocurrency as an accepted payment method for its opulent vehicles in the United States. Furthermore, they are gearing up to extend this innovative initiative into Europe in the coming months, according to an article on Reuters. This strategic shift …

AI-generated image of NFTs in the Museum of Modern Art

Museum of Modern Art (MoMA) Makes Historic Acquisition of Two NFT Artworks

In a groundbreaking move, The Museum of Modern Art (MoMA) has added two NFT (Non-Fungible Token) artworks to its permanent collection. This momentous step marks the first time the esteemed museum has included tokenized artworks in its vast collection, paving the way for a new chapter in the art world. The first of these pioneering …

AI generated image depicting game developers working with immutable and amazon web services

Immutable and Amazon Web Services (AWS) Collaborate to Supercharge Web3 Game Development

In an exciting development in the world of Web3 gaming, Immutable, a leading blockchain gaming platform, has forged a strategic partnership with Amazon Web Services (AWS). This collaboration is set to usher in a new era of innovation, offering game developers expanded options and powerful resources for their projects. Immutable has garnered significant attention as …

AI depiction of Fortnite's Metaverse

Fortnite’s Metaverse Evolution: Epic Games CEO Unveils Vision Amidst Company Layoffs

Tim Sweeney, the CEO of Epic Games, the studio behind the wildly popular Fortnite video game, took center stage at the 2023 Game Developer Conference to share his vision for the metaverse, despite recent layoffs at the company. Fortnite, a game that transcended its status as a mere video game, now stands as a modern-day …

what is socialfi?

The Rise of SocialFi: Decentralized Social Media Meets Finance

In the ever-evolving landscape of Web3, a new concept known as SocialFi is taking center stage. SocialFi, or SoFi, which combines social media and decentralized finance (DeFi), represents a groundbreaking shift in the way we interact with social platforms and manage our digital identities. As of today, the most popular SocialFi apps include Friend.tech, Hooked …

A shiba inu from the dogecoin cryptocurrency driving a tesla cybertruck

Tesla Website Code Hints at Dogecoin Payment Option for Cybertruck

In a surprising turn of events, the codebase of Tesla’s website has revealed a potential new payment option – Dogecoin – for purchasing the much-anticipated Cybertruck. Elon Musk, the CEO of Tesla, has been at the forefront of promoting Dogecoin, and this recent discovery has sparked speculation about the company’s plans for embracing the popular …

ai image of the ethereum foundation represented as a building with ethereum logo

Ethereum Foundation Sells 1,700 ETH Amid Market Fluctuations

The Ethereum Foundation, a non-profit organization supporting the Ethereum cryptocurrency, made headlines recently by selling 1,700 ETH on October 9, 2023, through the Uniswap exchange. They exchanged this ETH for 2.7 million USD Coin (USDC) at a rate of $1,611 per coin. Interestingly, the sale of ETH by the Ethereum Foundation had an impact on …