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“# Likes out: Facebook blackout sparks ideas for Web 3.0 ” Facebook’s conglomerate of social applications, including Instagram, WhatsApp, Messenger, and its virtual reality headset Oculus, all suffered a major power outage on Monday, switching the platforms offline for a total of six hours to the effect of billions of users and businesses across the…
“# Axie Infinity developer secures $152M in Series B funding from investors ” Sky Mavis, the studio behind the popular Axie Infinity nonfungible token (NFT) game, has announced a fresh round of funding for the company. In a statement issued on Tuesday, Sky Mavis announced that it had closed a $152-million Series B funding round….
“# Bank of America offers bullish outlook for DeFi and NFTs ” The Bank of America Corporation (BoA) has published a research report offering a bullish outlook for the long-term prospects of cryptocurrency. The report, published on Oct. 4 by BoA subsidiary, BofA Securities, offers a nuanced appraisal of the digital asset sector that highlights…
“# Bitcoin moves past $49K as Facebook, Instagram, and WhatsApp go down ” Major social media and communication platforms Facebook, Instagram, and WhatsApp went offline Monday as the price of Bitcoin and other cryptocurrencies surged. As data from Cointelegraph Markets Pro shows, the Bitcoin (BTC) price moved above $49,000 after falling to a daily low…
“# Silvergate Bank issues $100M credit line to mining firm Marathon Digital ” Marathon Digital Holdings, a United States-based crypto mining company, has secured a $100 million revolving line of credit with Silvergate Bank using USD and Bitcoin. According to information provided by Marathon Digital, the mining firm obtained the $100 million credit line from…
“# Valued at $4.3B, NFT platform Sorare to invest in women’s sports ” Following a $680 million funding round, nonfungible token (NFT) marketplace Sorare is looking to be an active player in bridging the gap between sports and digital entertainment. Now valued at $4.3 billion, Sorare told Cointelegraph that the company plans to use the…
“# Beyond Bitcoin: The future of digital assets is bigger than the first crypto ” While change is guaranteed, the scale and scope of that change are not. For the financial industry, blockchain — the technology that undergirds Bitcoin (BTC), Ether (ETH), nonfungible tokens (NFTs) and other digital assets — has brought us to the…
“# Hackers exploit MFA flaw to steal from 6,000 Coinbase customers — report ” Cryptocurrency exchange Coinbase has reportedly suffered another security breach after attackers were able to bypass the company’s multi-factor authentication, or MFA, feature in a coordinated campaign earlier this year. The attackers stole cryptocurrency from 6,000 accounts, though the monetary value of…
“# Visa working on blockchain interoperability hub for crypto payments ” Global payments giant Visa has introduced a project that aims to be a “universal adapter” of blockchains that can connect multiple cryptocurrencies, stablecoins as well as central bank digital currencies (CBDC). According to an official announcement on Thursday, Visa’s research team is working on a…
“# Bank of England unveils all-star payments and tech lineup for CBDC Forums ” The United Kingdom’s central bank is ramping up its research into a central bank digital currency (CBDC) with the selection of a long list of banking and fintech experts to assist it. On Sept. 29 the Bank of England announced the…