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Blockchain This Week – Grayscale Sues SEC, 3AC Crisis, Harmony’s $1M Bounty, Facebook Tests NFT, Gray Glacier

Grayscale Sues After SEC Rejects Its ETF Earlier this week, the US SEC rejected Grayscale Investments’ application to convert its Grayscale Bitcoin Trust into an ETF, stating insufficient provision to prevent investors from fraud. In response, Grayscale CEO Michael Sonnenshein announced his decision to challenge the SEC’s decision in the United States Court of Appeals … Continue reading Blockchain This Week – Grayscale Sues SEC, 3AC Crisis, Harmony’s $1M Bounty, Facebook Tests NFT, Gray Glacier

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Blockchain This Week – Web3 Phone, Mainstream Folks in Metaverse, Crypto Lending Firms Struggle, Short Bitcoin ETF

Solana Launches Web3 Phone Blockchain platform Solana announced its own cell phone, Saga, intending to connect users to digital assets and help them transact with their crypto through their device. Along with it, Solana also launched the Solana Mobile Stack, the web3 layer that will consist of several products, including a seed vault, a custody … Continue reading Blockchain This Week – Web3 Phone, Mainstream Folks in Metaverse, Crypto Lending Firms Struggle, Short Bitcoin ETF

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Blockchain This Week – Crypto Helps Society Amid Gloom and Doom

Binance Issued 70K Crypto Cards To Ukrainian Refugees Crypto exchange Binance reported that over 70,000 Ukrainians had been issued the Binance Refugee Crypto Card between Apr 26 and Jun 10. The first stage of this initiative has a budget of $1.2 million and aims to help 5,000 Internally Displaced People (IDPs). According to the report, … Continue reading Blockchain This Week – Crypto Helps Society Amid Gloom and Doom

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Blockchain This Week – Ropsten Merge, Salesforce NFT Platform, Dell’s Real Time Carbon Tracker, Hacks and Scams, Bitcoin Academy

Ropsten Is Now Proof of Stake Network Ethereum blockchain’s oldest test network, Ropsten, transitioned to PoS this week when it completed “The Merge” with Ethereum 2.0’s Beacon chain. This testnet now has blocks consented using the proof-of-stake algorithm, as per core developer Tim Beiko. Salesforce Joins The NFT Club Tech giant, Salesforce announced this week … Continue reading Blockchain This Week – Ropsten Merge, Salesforce NFT Platform, Dell’s Real Time Carbon Tracker, Hacks and Scams, Bitcoin Academy

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Blockchain This Week – Japan Introduces Stablecoin Law, New York Close to Ban Carbon Fueled Mining, Hiring Freeze and Firing

Japan’s Stablecoin Bill This week, Japan became one of the first major economies to publish a legal framework for stablecoins. Japan’s parliament passed a bill that defines stablecoins as digital money, which it mandates to be linked to yen or another legal tender. As per the bill, stablecoins can only be issued by licensed banks … Continue reading Blockchain This Week – Japan Introduces Stablecoin Law, New York Close to Ban Carbon Fueled Mining, Hiring Freeze and Firing

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Blockchain This Week – eBay Launches NFT, GameStop’s Crypto Wallet, Crypto in Space, Coinbase In Fortune 500 List

eBay’s Debut NFTs E-commerce platform eBay has released its first collection of NFTs, featuring hockey legend Wayne Gretzky. The NFTs, priced from $10 to $1,500, are launched on OneOf, an NFT marketplace built on Tezos and Polygon. Lockheed Martin to Launch Blockchain Node in Space Defense contractor Lockheed Martin is partnering with the Filecoin Foundation … Continue reading Blockchain This Week – eBay Launches NFT, GameStop’s Crypto Wallet, Crypto in Space, Coinbase In Fortune 500 List

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Blockchain This Week – Nomura’s Crypto Unit, SWIFT’s CBDC Experiments, Norway’s CBDC Sandbox, CloudFlare’s Ethereum Nodes

Nomura Opens Crypto Unit Japan’s investment bank Nomura is reportedly launching a crypto subsidiary that will staff 100 people by the end of 2023. This unit would offer institutional investors exposure to crypto, DeFi, and NFTs. SWIFT Tests Linking CBDCs SWIFT is collaborating with Capgemini to conduct a series of experiments to link various domestic … Continue reading Blockchain This Week – Nomura’s Crypto Unit, SWIFT’s CBDC Experiments, Norway’s CBDC Sandbox, CloudFlare’s Ethereum Nodes

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Blockchain This Week – Carnage on the Crypto Street, Coinbase’s Ominous Report, NFTs on Instagram

Terra’s “Stable” Coin Destabilizes It all began late last week when unusually high volumes of Terra’s UST stablecoins started getting dumped on Anchor Protocol, a money market, which holds a significant portion of UST circulating supply. The situation swiftly snowballed with people withdrawing their UST investments in Curve, Binance, and other exchanges. Consequently, the price … Continue reading Blockchain This Week – Carnage on the Crypto Street, Coinbase’s Ominous Report, NFTs on Instagram

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Blockchain This Week – Yuga Labs’ Chaotic Land Sale, Wikipedia Abandons Crypto Donations, Gucci and Starbucks in Web3

BAYC Team’s Land Sale Clogs Ethereum Yuga Labs, known for the apes NFT collection BAYC,  held the much anticipated virtual land sale of its “Otherside” metaverse project. The limited supply of 55,000 “Otherdeeds” NFTs worth $7000 each generated close to $285 million. But the rush to grab land plots also led to exorbitant gas prices … Continue reading Blockchain This Week – Yuga Labs’ Chaotic Land Sale, Wikipedia Abandons Crypto Donations, Gucci and Starbucks in Web3

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Blockchain This Week – Retire on Bitcoin, BAYC NFTs Stolen, Snowden and Zcash, C.A.R. Adopts Bitcoin

Fidelity To Allow 401(K) Investments in Bitcoin Fidelity Investments, the largest provider of retirement savings and investing plans or 401(k) in the United States, is launching a Digital Assets Account offering. Accordingly, the companies that offer 401(k) accounts to their employees via Fidelity will be able to invest up to 20% of their employees’ retirement … Continue reading Blockchain This Week – Retire on Bitcoin, BAYC NFTs Stolen, Snowden and Zcash, C.A.R. Adopts Bitcoin

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