Market News Top Crypto News Nike Launches .Swoosh Web3 Platform – Top Crypto Updates Nike launches .Swoosh Web3 platform Apparel giant Nike has launched a new Web3 platform called .Swoosh that will offer Polygon-based NFT products. The platform will be the epicenter for Nike’s digital efforts around Web3. It will spotlight the brand’s NFTs and virtual apparel initiatives, including future ways for customers to become co-creators and share in digital […] Written by Cherian Varghese November 15, 2022November 15, 2022
Market News Top Crypto News Binance Starts Recovery Fund for Crypto Projects – Top Crypto Updates Binance starts recovery fund for crypto projects facing liquidity crisis Binance CEO Changpeng Zhao said his crypto exchange is setting up an industry recovery fund to help rebuild the industry. The fund help projects who are otherwise strong, but are facing a liquidity crisis. Other crypto firms like Tron, Huobi Global, and Poloniex will also […] Written by Cherian Varghese November 14, 2022November 14, 2022
Market News Top Crypto News Coinbase Lays Off Over 60 Employees – Top Crypto Updates Coinbase lays off over 60 employees Coinbase is laying off more than 60 staff in its recruiting and institutional onboarding departments. The latest round of layoffs is a sign that the exchange may still be trying to cut costs in the ongoing bear market. The company’s layoffs also come just five months after the exchange […] Written by Cherian Varghese November 11, 2022November 11, 2022
Market News Top Crypto News Binance Backs Out of Deal to Buy FTX – Top Crypto Updates Binance backs out of deal to buy FTX Binance, the world’s largest crypto exchange by volume, has walked away from a proposed deal to acquire FTX. CEO CZ Zhao confirmed in a series of tweets that Binance would not pursue the potential acquisition of FTX. He cited reports regarding “mishandled customer funds and alleged US […] Written by Cherian Varghese November 10, 2022November 10, 2022
Market News Top Crypto News Binance to Acquire Rival FTX – Top Crypto Updates Binance to acquire rival FTX amidst liquidity crunch Binance has agreed to buy rival crypto exchange FTX, an outcome that followed days of speculation that FTX and Alameda Research faced a liquidity crisis. Concerns over FTX’s financial health reportedly triggered $6 billion of withdrawals in just three days. “Due to recent revelations that have come […] Written by Cherian Varghese November 9, 2022November 9, 2022
Market News Top Crypto News Gemini Expands to 5 More EU Nations – Top Crypto Updates Crypto exchange Gemini expands to 5 more European nations Crypto exchange Gemini has expanded its offerings to five more European countries, bringing its presence on the continent to 12 nations. Traders in Croatia, Cyprus, Hungary, Romania, and Slovenia can access the over 100 cryptos available on the platform. Gemini will accept euros and pounds. Crypto […] Written by Cherian Varghese November 8, 2022November 8, 2022
Market News Top Crypto News Coinbase Posts Q3 Loss as Volumes Drop – Top Crypto Updates Coinbase revenue declines 28% in Q3 as trading volume falls Coinbase reported net revenue of $576 million for the third quarter (Q3 CY22), down 28% from the previous quarter. Transaction revenue fell 44% compared to Q2 as fewer users were active on the crypto exchange amidst a brutal bear market. Coinbase’s monthly transacting users dropped […] Written by Cherian Varghese November 4, 2022November 4, 2022
Market News Top Crypto News Instagram Plans NFT Minting, Trading Tools – Top Crypto Updates Meta’s Instagram plans NFT minting, trading tools Instagram is developing an NFT minting and sale feature through its app. The upcoming “end-to-end toolkit” for NFTs will allow users to create and launch their own NFTs for sale through the social media platform. Instagram will use the Polygon blockchain for NFT minting. It will also pull NFT metadata from OpenSea so that […] Written by Cherian Varghese November 3, 2022November 3, 2022
Market News Top Crypto News Singapore Starts Two New Token Pilots – Top Crypto Updates Singapore starts two token pilots with Standard Chartered, HSBC The Monetary Authority of Singapore (MAS) is starting two new pilot projects to explore the use of tokens in trade finance and wealth management. Standard Chartered will lead the first pilot to explore tokens for trade finance. The other pilot will look at tokenisation of wealth […] Written by Cherian Varghese November 2, 2022November 2, 2022
Market News Top Crypto News GameStop NFT Marketplace Goes Live – Top Crypto Updates GameStop NFT marketplace goes live on ImmutableX Game retailer GameStop’s non-fungible token (NFT) marketplace is officially live on the blockchain platform ImmutableX. The partnership was initially announced in February, and the NFT platform has been operating as a public beta since July. The marketplace users can access Web3 games currently being built on ImmutableX and other NFT […] Written by Cherian Varghese November 1, 2022November 1, 2022
Market News Top Crypto News Visa, PayPal File Crypto Trademark Applications – Top Crypto Updates Visa, PayPal file crypto trademark applications Financial services giants Visa, PayPal, and Western Union are among the notable firms that filed new trademark applications involving crypto and Web3-related products and services in the past week. Visa is planning to create a crypto wallet and explore its options in the Metaverse. Paypal aims to launch a […] Written by Cherian Varghese October 31, 2022November 1, 2022
Market News Top Crypto News Twitter to Allow Users to Buy and Sell NFTs – Top Crypto Updates Twitter to allow users to buy and sell NFTs Social media platform Twitter will allow users to buy, sell, and display non-fungible tokens (NFTs) directly through tweets in partnership with four marketplaces. The integration, called NFT Tweet Tiles, displays the artwork of an NFT in a dedicated panel within a tweet. The feature is currently […] Written by Cherian Varghese October 28, 2022October 28, 2022
