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 …
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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 …
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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 …
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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 …
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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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