Cardano’s NFT volumes rallied in contrast to the broader NFT downturn. The new spike in activity makes Cardano the third-largest NFT network behind Ethereum and Solana. The glowing figures are being overshadowed by a dwindling TVL that has left enthusiasts scratching their heads. Cardano has taken its place among the top three networks for Non-Fungible Tokens (NFTs) but falling total […]

Riddle&Code, one of Austria’s fastest-growing startups, has established a new path of digitalization for industrial companies with its evolved purpose – onboarding industries to Web3. For many industrial companies it is challenging to transition into the new standards and find their way in the Web3 universe, often delaying entry into new potential business models. With this new technology from Riddle&Code, […]

According to a new announcement on Wednesday, the Bank for International Settlements, or BIS, along with the central banks of France, Singapore, and Switzerland, will be embarking on a new initiative dubbed “Project Mariana” in its exploration of blockchain technology. Project Mariana intends to use decentralized finance, or DeFi, protocols to automate foreign exchange markets and settlement.  This includes using […]

MetaMask users will now have the ability to track the value of their nonfungible token (NFT) portfolio through its latest product. The wallet provider announced a new feature on Nov. 2, which will bring updated pricing information for the over 5,000 NFT collections held by MetaMask users. The new utility comes as a result of a partnership with NFTBank, an […]

The Union Bank of the Philippines (UnionBank), one of the largest universal banks in the Philippines, debuts cryptocurrency trading via a partnership with a Swiss crypto firm. UnionBank has launched a pilot program for Bitcoin (BTC) and Ether (ETH) custody and trading services for select retail customers, the firm said in a joint announcement on Nov. 2. The new investment […]

The judge overseeing the Celsius bankruptcy case has ordered the examiner and the official committee of Celsius creditors to determine who will head a probe into whether the firm was operating like a Ponzi scheme. The order during the Nov. 1 hearing comes in response to allegations from customers that Celsius had used assets of new users to pay yields […]

Stablecoin issuers Circle and Paxos have each received approvals for their respective licenses from the Monetary Authority of Singapore (MAS), the city-state’s central bank. Circle received in-principle approval for a Major Payments Institution License allowing it to issue cryptocurrencies and facilitate domestic and cross-border payments while Paxos received its license to offer digital payment token services. Circle and Paxos both […]

Sustainability-focused Bitcoin (BTC) mining company CleanSpark has snapped up another 3,843 cryptocurrency miners amid a backdrop of mining industry consolidation. The $5.9 million purchase of the Antminer S19J Pro Bitcoin miners announced by the company on Nov. 1 came at a price of $15.50 per terahash — far cheaper than the current market price of $22.94 for a machine with […]