OpenSea bug appears to have destroyed nearly $100K in NFTs

Reports have emerged that a bug on OpenSea's marketplace has deleted user-owned NFTs worth 28.44 Ether (ETH), nearly $100,000 at the time of writing.The information was revealed online by Nick...

Is Solana an ‘Ethereum killer?’

Solana has been a trending topic due to the successive weeks of price increases seen by its SOL token. At the time of writing, SOL traded at around $207, which...

As Bitcoin debuts in El Salvador, Honduras and Guatemala study CBDCs

Two Central American countries, Honduras and Guatemala, are taking a cue from their common neighbor’s adoption of Bitcoin (BTC), but they are taking a very different road. Instead of embracing an...

Korean crypto ‘Jedi Master’ plans to launch second VC blockchain fund

One of South Korea’s leading blockchain evangelists is embarking on another huge blockchain fundraise following the success of his first.Simon Seojoon Kim is planning to raise $173 million for a...

Nigeria’s CBDC set for pilot rollout on Independence Day

After four years of development, the Central Bank of Nigeria (CBN) is set to roll out its digital currency project. The launch will reportedly happen on the occasion of the...

Iota Foundation to support EU blockchain initiative

The European Commission's blockchain initiative has selected the Iota Foundation as one of seven projects to participate in the preliminary stage of designing an EU-wide distributed ledger technology platform. The initiative...

Russian State Hermitage raises $440K via Binance NFT auction

Despite the Russian state maintaining a mostly unfriendly stance on cryptocurrencies like Bitcoin (BTC), a major state-backed museum is benefiting from the industry by raising hundreds of thousands of dollars...

Taiwan police arrest 14 suspects for scamming over 100 crypto investors

Taiwan’s police administration has reportedly arrested fourteen people for running a $5.41 million (150 million New Taiwan dollars) investment scam over the past year, involving more than 100 cryptocurrency investors.CIB...

How the Bitcoin model can solve the social media dilemma

Social media platforms are constantly under fire for their lack of total end-to-end encryption, existing privacy policies and censorship – but a blockchain-based solution might spell the end to an...

How will blockchain technology help fight climate change? Experts answer

For some time, the global climate crisis was a hot topic to debate. But the discourse has changed and a consensus has been reached, moving the conversation toward how...

Cryptocurrency can actually make a difference by helping people

Between Bitcoin (BTC) breaking the $50,000 hurdle and the upswell in the altcoin markets, crypto has never been more appealing to speculators. But, stacking profits through trading is worthless unless...

Building the Metaverse without bias

While the COVID-19 pandemic decimated certain industries like tourism and retail, other entirely new industries have emerged. Two years ago, the concept of a “metaverse” was virtually unknown. Today, the...

China’s new blockchain infrastructure to digitize securities and futures

Chinese regulators, including the Securities Association of China and the China Securities Regulatory Commission (CSRC), held a meeting in Beijing to promote blockchain technology in the securities industry and discuss...

Decentralized search engine becomes default option on European Android devices

Beginning Sept. 1, decentralized search engine Presearch will be listed as a default option on all new and factory-reset devices sold in the United Kingdom and Europe, a move that...

Finance Redefined: Swindling the lender and a $100M pot, Aug. 30–Sept. 3

Hackers run wild, but DeFi marches on; all covered in this weeks Finance Redefined. Source link

Crypto and blockchain jobs’ share grew 118% in ten months, new data shows

A new report gathering together the most recent data on the cryptocurrency and blockchain job market has suggested that higher levels of institutional adoption have spurred ever greater demand for...

British tween earns almost $400K on NFT sales without a bank account

A 12-year-old boy from London reportedly earned nearly $400,000 by selling a series of nonfungible tokens (NFT) during the school holidays.In an interview with Geo.tv, Benyamin Ahmed shared his excitement...

Crypto exchange OKEx launches DeFi hub and NFT marketplace

Global crypto exchange OKEx is ramping up its decentralized finance (DeFi) efforts with the introduction of DeFi Hub, a decentralized digital asset ecosystem that includes a marketplace for nonfungible tokens...

Leading South Korean telecom firm adopts blockchain for carbon ambitions

A major South Korean telecommunication company, KT Corp, has outlined plans to create a fully electronic documentation service, utilizing blockchain technology to contribute to environmentally conscious ambitions.The telecommunications firm currently...

Universities embrace decentralized finance education

Decentralized finance, or DeFi, has become one of the fastest-growing sectors within the cryptocurrency ecosystem. Data shows that the total value locked (TVL) in all DeFi protocols is now around $130...