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“# Corporate brands target NFTs and adoption continues to skyrocket ” The nonfungible token (NFT) space is arguably one of the most popular aspects of crypto and blockchain technology. Indeed, NFTs are often the topic of conversation, garnering significant interest both from inside and outside the industry. Such is the growing appeal of NFTs outside…
“# Bilaxy exchange suspends website after ERC-20 hot wallet hack ” Bilaxy, a lesser-known cryptocurrency exchange, has confirmed a major hacking incident, reporting losses of funds due to an exploit of the platform’s ERC-20 hot wallet. Bilaxy announced on its Telegram channel that the crypto exchange suffered a “serious hack” on Aug. 28 between 6…
“# OpenSea’s team of 37 staff are currently handling 98% of combined NFT volumes ” OpenSea’s Head of Product Nate Chastain posted a plea for help, revealing the popular marketplace currently comprises just 37 people despite currently processing 98% of all NFT volumes. The world’s largest nonfungible token marketplace, OpenSea, is desperately in need of…
“# Binance Australia onboards former DigitalX exec as new CEO ” Binance Australia has announced the appointment of Leigh Travers, the former chief executive of local blockchain technology and payments firm DigitalX, as the company’s new CEO. Travers has worked at DigitalX for seven years, and previously served on the board of leading local blockchain…
“# XinFin (XDC) hits a new ATH after fresh partnerships and exchange listings ” Enterprise adoption of blockchain technology is an important long-term goal of the cryptocurrency community because the integration of digital currencies with daily business activities will bring new users into the ecosystem and provide a boost to on-chain activity. One protocol that…
“# Visa whitepaper describes NFTs as a ‘promising medium for fan engagement’ ” Visa’s splash into the NFT market was driven by an evaluation of the underlying technology and its ability to serve as a “promising medium for fan engagement,” according to a recent whitepaper published by the global payments giant. The Aug. 23 publication…
“# Crypto wallets: An important battlefront to gain wallet share and mind share ” Digital wallets are software constructs that mimic physical wallets and provide the functionality of storing, using and categorizing payment instruments. The journey of digital wallets started with payments and morphed to other forms of stubs such as digital passes, tickets and…
“# Blockchain technology can change the world, and not just via crypto ” Over the last three or four years, blockchain adoption has expanded tremendously, and each industry is exploring different use cases for the technology. There are multiple aspects of blockchain — from business to technical and more — but with the way the…
“# Honduras gets its first Bitcoin ATM ” TGU Consulting Group, a Honduran company based in the capital of Tegucigalpa, has reportedly installed the country’s first Bitcoin ATM. According to a Friday Reuters report, TGU chief executive Juan Mayen led the move to install the Bitcoin (BTC) ATM in one of the capital’s office buildings….
“# Jack Dorsey discusses plans to build a decentralized exchange for Bitcoin ” Square CEO Jack Dorsey said that the platform’s latest Bitcoin venture would be developing a decentralized exchange. In a Friday tweet, Dorsey said that TBD — either referring to the fact the business’ name is to be determined or simply the name…