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The ongoing war in Ukraine has pushed crypto-related activities a notch higher in the country. According to available data, crypto exchanges in the country have recorded a spike in their transaction volumes. At the same time, demand for digital assets like Bitcoin and Tether has helped push the value of these assets higher against the Hryvnia. The National bank of Ukraine had imposed a limit on daily cash withdrawals to 100,000 Hryvnias ($3,350) to control the outflow of cash from the country. This move has, however, become a major catalyst for crypto trading in the country. Immediately after the declaration on February 24, Ukraine-based crypto exchange…
“The page is lost.” This is the error message on OpenSea that greeted CryptoMories NFT holders. For a moment, it seemed like the platform could finally move on from all the issues after updating its smart contract. Unfortunately, the migration led to the delisting of some NFT projects. CryptoMories are 10 000 little skeletons that hope to remind the NFT community that life is good with its colorful pieces. Artist, Iwwon, animator, Zelroug and developer, Bignenet, started the project. Later on, it also caught the eye of NFT influencer and entrepreneur GaryVee. OpenSea’s Contract Migration Hits CryptoMories The NFT community has…
The people of Ukraine are suffering not just from Russia’s invasion, but also from their currency plummeting this week. While it is evident that the Russian currency has plummeted more than the Ukrainian currency, a number of factors have prompted Ukrainians to shift their money into USDT and Bitcoin. After Russia invaded Ukraine on Thursday, Ukrainians were paying a high premium for Tether’s USDT stablecoin over the US dollar. On the prominent Ukrainian cryptocurrency exchange Kuna, the price of USDT rose by over 5%. The price is $1.10 per USDT, which is intended to be worth one dollar. The Ukrainian exchange Kuna had a trading volume…
Many of us were sitting around the dinner table at Thanksgiving or Christmas and someone youngish started talking about blockchain cryptography. They probably called it something different though: “crypto,” “bitcoin,” maybe something about a “doge”-coin? Breathless talk of massive returns may have followed. A cult leader would be impressed by the level of evangelism. Inevitably a wiser individual asks some variation of the question: “But what is it and why do I need it?” “It’s digital gold.” “It’s replacing the U.S. dollar.” “It’s a tool for the decentralization of corrupt centralized power structures in a post-capitalist world.” Ok. Blockchain cryptography…
In the dark corners of the internet, faceless and nameless individuals whose identities are unknown by the government stare intently at their computer screens as they write thousands of lines of code. These anonymous individuals are like the cowboys of old, galloping across a deserted and mostly unregulated land — except, this isn’t land, it’s the internet, and these cowboys aren’t robbing banks, they’re creating money and selling it. This money is known as cryptocurrency. You might have heard about cryptocurrency before, from Bitcoin’s near $1 trillion market valuation, or as the favored means of payment on the notorious drug and arms…
The future has arrived in Dubai with the launch of Doge Burger: a Dogecoin-inspired virtual restaurant. You can now buy a real burger from a cloud kitchen with digital currency and have it delivered right to your doorstop. You heard us. The virtual restaurant is inspired by the popular cryptocurrency Dogecoin (and meme), and it is being launched by Rocket Kitchens, which is a chain of virtual restaurants. The fast-food menu has been carefully curated by top chefs and serves up all-American favourites. The signature burgers include a beef burger, chicken burger, mushroom Swiss burger, a charcheese and garden burger. There are…
A startup announced the opening of an NFT vending machine in New York City that allows anyone — even those without cryptocurrency — to buy NFTs. Located near Wall Street, the vending machine accepts credit and debit cards before dispensing a box with a unique code inside it for the NFT. Neon, the NFT and digital collection platform behind the effort, closed a $3 million seed round last month. The code on the inside of the box can be redeemed on Neon’s platform without any need for cryptocurrency or a cryptowallet. The vending machine is open 24-hours a day. Neon…
A man who held several people hostage at an Apple store in Amsterdam demanded 200 million euros ($230 million) in cryptocurrency before he was taken to hospital “seriously injured”, police said Wednesday. The man, identified as a 27-year-old from Amsterdam, entered the Apple store carrying a firearm in the busy Leidseplein neighbourhood late Tuesday afternoon, sparking a tense five-hour long ordeal. The camouflage-wearing assailant held one man hostage, a 44-year-old British national, according to reports, while four others hid in a closet. It was initially feared the suspect was holding several people hostage, but he was reportedly not aware that…
Rapid growth in unregulated crypto-mining could contribute to energy markets’ disruptions and divert resources from the electrification of other sectors, particularly in emerging markets, Fitch Ratings says. The increase in global demand for cryptocurrencies in 2021 and highly profitable crypto mining have created ecosystems that already consume an estimated 0.4%-1% of global electricity. However, a greater level of crypto market regulatory oversight, including mining methods and related energy consumption, is likely in most jurisdictions in the longer term, limiting risks to energy utilities. Mining of cryptocurrencies such as Bitcoin is often reliant on makeshift datacentres or “mining farms” that are…
City hope to fill the virtual Etihad Stadium several times over, allowing fans to watch live games from anywhere in the world Manchester City have begun building the world’s first football stadium inside the metaverse with the help of virtual reality experts at Sony. Using image analysis and skeletal-tracking technologies created by Hawk-Eye, a subsidiary of the tech and entertainment giant, the club’s stadium will become the central hub of City in a virtual reality world. Club officials working on the project envisage a time when City can fill a virtual Eithad Stadium several times over, allowing supporters who may never go to…