Market News Top Crypto News Meta’s Metaverse Division Posts Huge Loss in Q3 – Top Crypto Updates Meta’s metaverse division reports $3.67 billion loss in Q3 Meta’s Reality Labs metaverse division lost over $3.6 billion in the third quarter of 2022, compared to $2.63 billion at the same time last year. According to the quarterly report, Meta’s Reality Labs has lost over $9.43 billion year-to-date. Launched in August 2020, Reality Labs is Meta’s […] Written by Cherian Varghese October 27, 2022October 27, 2022
Market News Top Crypto News BNB Chain Launches $10M Fund – Top Crypto Updates BNB Chain launches $10M fund BNB Chain, one of the world’s most actively used blockchains, has introduced a $10 million fund to help projects with user acquisition and growth. The Growth Incentive Program will initially support 10 projects in the fourth quarter, with gas incentives of up to 800 BNB tokens a month in total. […] Written by Cherian Varghese October 26, 2022October 26, 2022
Market News Top Crypto News NEAR Protocol to Shut Down Stablecoin – Top Crypto Updates NEAR Protocol to shut down stablecoin NEAR Protocol’s stablecoin (USN) is being shut down after it began to exhibit risky characteristics similar to those observed with TerraUSD (USDT). USDT had completely failed this year, and investors lost billions of dollars. The Near Foundation is also setting aside $40 million to fund a “USN Protection Programme.” The […] Written by Cherian Varghese October 25, 2022October 25, 2022
Market News Top Crypto News Nubank to Launch its Own Crypto in Brazil – Top Crypto Updates Nubank to launch its own crypto in Brazil Brazilian digital banking startup Nubank will launch its own crypto in the country next year, marking the latest move into digital assets by a large financial institution. The Warren Buffet-backed firm said the new token (called Nucoin) will act as a way to recognize customer loyalty and encourage engagement […] Written by Cherian Varghese October 21, 2022October 21, 2022
Market News Top Crypto News South Africa Moves to Regulate Crypto Assets – Top Crypto Updates South Africa moves to regulate crypto assets South Africa’s Financial Sector Conduct Authority (FSCA) has classified cryptocurrency assets as financial products. The FSCA referred to crypto assets as “a digital representation of value” that can be electronically traded, transferred, and stored but is not issued by a central bank. Crypto asset service providers (CASP), such […] Written by Cherian Varghese October 20, 2022October 20, 2022
Market News Top Crypto News EU to Roll Out Energy Efficiency Labels for Blockchains – Top Crypto Updates EU to roll out energy efficiency labels for blockchains The European Union is set to develop an energy efficiency label for blockchains. It has introduced this measure as part of wider plans to control the energy consumption of the Information and Communications Technology (ICT) sector. The EU’s Markets in Crypto Asset Regulation (MiCA) will also force some […] Written by Cherian Varghese October 19, 2022October 19, 2022
Market News Top Crypto News Mastercard to Launch Crypto Trading for Banks – Top Crypto Updates Mastercard, Paxos to launch crypto trading for banks Mastercard plans to launch a new program called Crypto Source that will make it easier for banks and other financial institutions to offer crypto trading. The program will act as a “bridge” between the crypto trading platform Paxos and banks. Paxos will undertake crypto custody and trading services, while […] Written by Cherian Varghese October 18, 2022October 18, 2022
Market News Top Crypto News MetaMask Adds Instant Bank-to-Crypto Transfers – Top Crypto Updates MetaMask adds instant bank-to-crypto transfers MetaMask users will now be able to fund their crypto wallets via bank transfers instantly. Users can now convert their fiat into crypto through an integration with fintech firm Sardine. Sardine set a purchase limit of up to $3,000 per day, $5,000 per week, and $25,000 per month for more […] Written by Cherian Varghese October 17, 2022October 17, 2022
Market News Top Crypto News Binance Pool Starts $500M Fund to Support BTC Mining – Top Crypto Updates Binance Pool starts $500M fund to support Bitcoin mining Binance Pool has started a $500 million lending project for private and public miners. The miners will need to pledge security in the form of physical or digital assets for the loan, which will have a duration of 18-24 months. It will charge interest rates that […] Written by Cherian Varghese October 14, 2022October 14, 2022
Market News Top Crypto News Google Partners With Coinbase to Accept Crypto Payments – Top Crypto Updates Google partners with Coinbase to accept crypto payments Google Cloud has partnered with crypto exchange Coinbase to drive Web3 innovation. The tech giant will receive crypto payment via an integration with Coinbase. Crypto payments will initially be rolled out to a handful of customers involved in the Web3 industry. Google will also use Coinbase’s custody […] Written by Cherian Varghese October 13, 2022October 13, 2022
Market News Top Crypto News OpenSea Adds Avalanche NFT Support – Top Crypto Updates OpenSea adds Avalanche NFT support OpenSea has added non-fungible tokens (NFTs) from the Avalanche blockchain to its online marketplace. Avalanche is an open-source network with the native token AVAX and three different blockchains, one of which is called the C-Chain. The C-Chain is optimized for Ethereum compatibility and smart contracts, which NFTs use. OpenSea currently […] Written by Cherian Varghese October 12, 2022October 12, 2022
Market News Top Crypto News EU Lawmakers Pass Crypto Assets Regulation Bill – Top Crypto Updates EU lawmakers pass Crypto Assets Regulation Bill European Union lawmakers have signed the Markets in Crypto Assets Regulation (MiCA)— landmark legislation that hopes to regulate the digital asset space within the union. The MiCA bill asks those issuing crypto to publish a “crypto-asset white paper” containing information about their project. The EU Parliament also passed an […] Written by Cherian Varghese October 11, 2022October 11, 2022
