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” Inflation is killing us; cryptocurrency alone cannot beat it “ Much like a pandemic, inflation has spread throughout the world, clouding the future with dark uncertainty. Disagreement over how to best manage soaring prices in the United Kingdom nearly caused its economy to collapse and subsequently led to the resignation of Prime Minister Liz…
” Elrond rebrands as MultiversX, shifts focus to the metaverse “ The blockchain technology developer Elrond announced it will redefine itself as a new brand with a focus on the metaverse. Formerly known as Elrond, the company will move forward under the new name MultiversX with the introduction of three new metaverse-forward products. xFabric, xPortal…
” Web Summit Lisbon, Nov. 4: Latest updates from Cointelegraph’s ground team “ Welcome back to day three of the Web Summit, one of the world’s leading tech conferences, with over 71,000 attendees on the third day. Stationed in Lisbon, Portugal, Cointelegraph’s ground team is ready to bring the most exclusive insights on Web3, crypto…
” ‘Everything is fine’ — Gala Games calls for calm after fears of multi-billion dollar hack “ Blockchain gaming company Gala Games urged its community for calm after misplaced fears of a multi-billion dollar rug pull or hack caused the GALA token to temporarily crash 25.6%. The initial panic, which Gala Games later implied was…
” NFTs still in ‘great demand’ as unique traders rise 18% in Oct: DappRadar “ October may have seen a decline in nonfungible token (NFT) trading volume and sales, but analytics firm DappRadar says an 18% growth in monthly unique NFT traders shows the market is still in “great demand.” According to a Nov. 3…
” South Korean prosecutors accuse Do Kwon of manipulating Terra’s price “ A local report from South Korea claims that the country’s prosecutors have obtained evidence to suggest Terraform Labs co-founder Do Kwon had onceordered an employee to manipulate the price of Terra Luna Classic (LUNC). A report by Korean Broadcasting System (KBS) on Nov….
” Digital asset platform Bakkt set to acquire Apex Crypto for $200M “ Digital asset platform Bakkt has entered into an agreement to acquire Apex Crypto, LLC from Apex Fintech Solutions, Inc. According to the agreement, Bakkt is expected to acquire Apex Crypto for the price tag of $200 million, making its first payment of $55million at…
” UBS AG launches digital bond settled on blockchain and traditional exchanges “ Swiss investment bank UBS AG introduced its hybrid digital bond on Nov. 3, claiming to be the world’s first publicly traded bond that’s settled on both blockchain-based and traditional exchanges. According to the bank, the digital bond has the same instrument structure,…
” Traditional firms likely won’t be leading the charge in the next generation of Web3 games — WAX CEO “ Traditional ideas about gaming, coming from both the firms developing the games and the players themselves, could slow down adoption of Web3 games, according to WAX co-founder and CEO William Quigley. Speaking to Cointelegraph at…
” Santander UK limits crypto transactions for its customers “ Multinational banking group Santander has placed a limit on all crypto transactions for its customers in the United Kingdom. The group cited cryptocurrency fraud warnings from regulators as the reason behind its decision. According to an announcement on Nov. 3, the bank plans to protect its customers from…