Nick Sadler never could have guessed at the destiny of the movie he had recently produced. With ‘An Irish Goodbye’, he had stumbled upon a bonafide awards hit. That night, it was to be Oscar-worthy, much to the shock and awe of its cast and crew. But had he known of the unlikely path the […]
Meta Stops Chasing the NFT Dream: Focusing on Fintech and the Metaverse Instead
Only 10 months after announcing support for Non-Fungible Tokens (NFTs) across Facebook and Instagram, Meta is stopping the project to focus on other products. Instead, the tech and social media giant is doubling down on its fintech and metaverse-building initiatives. The announcement came from Stephane Kasriel, Meta’s head of commerce and financial services, on Twitter. […]
‘Short-Sighted Move’: Meta Scraps NFTs and Fails to ‘Exploit Creators’ Amid Reality Labs’ $13.7 Billion Losses
Meta’s recent announcement that it was scrapping its nonfungible token (NFT) feature across social media platforms, Facebook and Instagram, has been met with shock and dismay from the crypto community. An initiative initially set up to ‘exploit creators’ and gain public traction, it was cut short as the tech giant attempted to reduce losses from […]
BinaryX Releases Trailer and Opens Beta Test For Futuristic Space Game Project Matthew
[ PR – Singapore, Singapore, 13th March, 2023, Chainwire] BinaryX announced today the upcoming release of a space-building simulation game, Project Matthew. The team just released the trailer video which gives a first look at the game, and is also opening registration for their Closed Beta Test happening soon. Introducing Project Matthew: The Exciting New […]
Crypto-friendly banks closure could pose a challenge for crypto companies
The closure of three major crypto-friendly banks in the US, Signature Bank, Silicon Valley Bank, and Silvergate Bank, could pose a challenge for crypto companies in accessing traditional banking partners. The loss of these banks could impact crypto liquidity, and some experts believe that it may leave crypto companies without banking options. However, some in […]
Crypto Firms Report Funds Tied Up with Shuttered Signature Bank
Crypto firms including Coinbase, Paxos, and Celsius have reported funds tied up with Signature Bank, which was shut down by New York regulators due to concerns about systemic risk. While some firms expect to recover their funds in full, others have disclosed only that they had exposure to the bank. Other firms in the crypto […]
Nissan Expands Web3 Efforts with Trademarks and Metaverse Auto Sales
Nissan has filed four new Web3-related trademarks in the US and is experimenting with auto sales in the metaverse in Japan. The trademarks cover its Infiniti, Nismo, and Nissan brands and include plans for virtual goods and a nonfungible token (NFT) marketplace. Nissan Japan is conducting a three-month “demonstration experiment” of its virtual store “Nissan […]
Solo Bitcoin Miner Wins Rare Block Reward Worth Over $150,000
A solo Bitcoin miner successfully mined the 780,112th block in the Bitcoin blockchain, earning a block reward of 6.25 BTC worth over $150,000. The miner was able to produce a valid hash after just two days of mining, a rare occurrence that typically takes solo miners months to achieve. The miner may have rented hashing […]
Binance converts remaining $1 billion in Industry Recovery Initiative to native crypto amidst concerns around stablecoins
Binance co-founder and CEO, Changpeng Zhao, announced on March 13 that the exchange will be converting the remaining $1 billion funds in its Industry Recovery Initiative to native crypto amid concerns surrounding stablecoins. This decision was made following the depegging of the USD Coin (USDC) stablecoin caused by the failure of three major crypto-friendly banks […]
Cryptocurrency Community Debates Fallout from Closure of Major American Banks
The closure of three major American banks that serve cryptocurrency firms, including Silicon Valley Bank and Signature Bank, has sparked debate within the cryptocurrency community. The closure of Silicon Valley Bank, which held over $3.3 billion of USD Coin issuer Circle’s $40 billion reserves, has caused particular concern. As a result, the cryptocurrency ecosystem is […]