Author: Staff Writer
It’s been a great month for Crypto.com, the world’s fourth largest cryptocurrency exchange. CRO, the company’s native token, is up 350% in the last 30 days and hit an all-time high of $0.96 on Nov. 24. The catalyst for the rise? DeFi. The mainnet beta of Cronos, an Ethereum-compatible blockchain, went live on Nov. 8. Cronos is built on the Cosmos SDK and utilizes a Proof-of-Authority (PoA) consensus mechanism. Being EVM-compatible, it allows for the easy porting of applications from Ethereum. It also supports the Inter Blockchain Communications (IBC) protocol, which provides a bridge to the Cosmos ecosystem. Total Value Locked (TVL) on Cronos has reached $954M in…
Regal Cinemas, a popular movie theatre chain in the US, has joined hands with digital payments company Flexa to accept Bitcoin, Dogecoin, Litecoin, and Ether among other cryptocurrencies for movie tickets and snacks. In addition to crypto coins, the company will accept payments in digital tokens too like Basic Attention Token (BAT), among others. The theatre chain follows AMC, which made a similar announcement earlier this month, although Regal will offer users a more varied array of digital coins and tokens to choose from, while paying. Through its partnership with Flexa, Regal said it’s enabling instant payments using cryptocurrencies including…
After Facebook caused a frenzy by changing its parent name to Meta in a bid to pursue opportunities in the “metaverse”, scores of companies are announcing their own virtual reality (VR) plans. The metaverse is a term coined in the 1992 science fiction novel “Snow Crash” to combine the prefix “meta” (meaning showing or suggesting an explicit awareness of itself) and the word “universe” to describe a virtual universe that is accessed by VR tech. The virtual world could change the way we work, do business, network and shop, all of which gives brands a massive opportunity. Euronews Next takes…
You might want to buy shares of Walt Disney, Cisco Systems, and Intel if you believe in the metaverse. That might seem counterintuitive since the metaverse goes way beyond those tech and media stalwarts. The idea is that consumers and businesses will interact on new virtual reality platforms—playing videogames, socializing, and doing business in an interconnected way. Some have dubbed it Web 3.0. Facebook‘s reinvention as Meta Platforms highlights the trend. But plenty of tech, media, and e-commerce companies stand to benefit, according to a new Metaverse Index of stocks from Bespoke Investment Group. “Development of the metaverse will involve many players,” Bespoke said in…
The Spanish market regulator scolded soccer star Andres Iniesta on Wednesday evening after he promoted cryptocurrency exchange platform Binance on his Twitter and Instagram accounts. “I’m learning how to get started with crypto with @binance #BinanceForAll,” the player said on his social media accounts, with photos of himself in front of a laptop computer apparently making transactions on Binance’s website. The posts did not give any indication whether or not the content was paid for by the company. Iniesta did not immediately respond to a request for comment from Reuters sent via Twitter. Iniesta, who played most of his career…
Rest Super told its 1.8 million mostly Millennial and Gen Z members that cryptocurrency is a good investment as inflation rises, indicating it will invest in digital assets on their behalf, before walking back the commitment and saying it is still just researching the volatile market. Rest chief investment officer Andrew Lill said the $66 billion retail and hospitality workers’ fund saw cryptocurrencies as a “very interesting and important part of our portfolio going into the future”, seemingly suggesting the fund intended to invest digital tokens. “I do think that, in an era of inflation, it could be a potentially…
It seemed like a no-brainer inside the Securities and Exchange Commission last December when the agency filed a lawsuit charging that one of the biggest players in crypto technology, Ripple Labs, violated securities laws. Then-Chairman Jay Clayton signed off on the case just hours before resigning from the SEC following the defeat of Donald Trump in the 2020 presidential election. That made the timing a bit odd, since big decisions in government are usually left to the incoming administration to sort out. But the SEC’s enforcement division has a reputation for being independent, with staff attorneys remaining in their roles no matter who is in power. And…
Dogecoin has had an impact that has no doubt been felt around the entirety of the crypto space. However, whether this impact has been good or bad is still a hotly debated topic in the space. The digital asset had paved the way for cryptocurrencies that have no use cases to speak to be at the forefront of the market and its break into the crypto top 10 is evidence of its growth. Nevertheless, having tokens that serve no purpose other than just ‘being’ has shown just how much power a strong community wields. For most, Dogecoin has been a…
Digital payment network Ripple has partnered with the Republic of Palau to develop its own digital currency. Like El Salvador, the country does not have its own fiat currency or even a Central Bank. Its legal tender, instead, is the U.S. dollar. The partnership with Ripple will focus on developing a USD-backed digital currency, more like a stablecoin rather than a central bank digital currency (CBDC). This currency would help facilitate cross-border payments for the nation. According to a Tuesday announcement by Ripple, the partnership will focus on developing strategies for cross-border payments. The implementation of this plan means that…
Since reaching a fresh, all-time high of nearly $69,000 earlier this month, bitcoin prices have experienced multiple sell-offs, repeatedly pushing lower. The world’s most prominent digital currency reached its latest zenith on November 10, before approaching $62,000 two days later, CoinDesk data reveals. After that retracement, bitcoin mounted a recovery, climbing above $66,300 on November 15, additional CoinDesk figures show. Following this upward movement, the digital asset fell back once again, dropping below $56,000 on November 18, before rising above $60,000 on November 21. Since that time, bitcoin prices have repeatedly approached $55,000, reaching a six-week low yesterday. Following these continued declines, several market…