Symbolic Capital is the newest venture company to strongly emphasize Web3, gaming, and NFTs. Sandeep Nailwal, the creator of Polygon and a cryptocurrency entrepreneur, has collected $50 million for a new startup fund targeted at Web3 firms, highlighting venture capital’s rising interest in the blockchain-powered internet. According to the business
GameStop NFT has produced over $166,800 in sales volume in the last 24 hours; yet, with the platform collecting only a 2.25% charge on NFT purchases, the statistic corresponds to only $3,753 in income. Daily income for GameStop’s nonfungible token (NFT) marketplace has dropped to less than $4,000, indicating that
The New York Department of Financial Services, or NYDFS, has fined Robinhood’s cryptocurrency arm $30 million for suspected anti-money laundering violations, cybersecurity, and consumer protection regulations. NYDFS Superintendent Adrienne Harris announced on Tuesday that Robinhood Crypto would pay a $30 million penalty to the state “for major violations in the
The biggest cryptocurrency exchange has received a regulatory license to operate as a digital asset service provider in France, Bahrain, Spain, and Dubai since 2022. The Astana Financial Services Authority, or AFSA, an independent financial services regulator in Kazakhstan, has allowed the country’s largest cryptocurrency exchange, Binance, to operate. AFSA
All exchanges that have had their accounts terminated, including Criptoloja, Mind The Coin, and Luso Digital Assets, have been licensed by the Bank of Portugal. Several prominent banks in Portugal are shutting bitcoin exchange accounts due to “risk management” concerns, indicating a reversal in Portugal’s pro-crypto stance. Portugal’s central bank
A continuing debt issue at lending platform BendDAO raises the prospect of the NFT bubble imploding. As concerns about a potential market bubble mount, daily volumes on OpenSea, the world’s most significant nonfungible token (NFT) marketplace, have dropped significantly. OpenSea Volume Plummets to Yearly Lows Notably, the marketplace executed about
According to the banking regulator, minimizing risk by disconnecting crypto-related consumers may represent a “threat” to financial integrity. The Reserve Bank of South Africa’s Prudential Authority advised its subsidiaries to avoid illegal activity, asking banks not to terminate all links with bitcoin. It implied that such an act might pose
The SharkBot malware family was discovered in October last year and has since evolved with new ways to hack into users’ Android-based crypto and bank apps. In addition, a freshly improved version of malware-targeting banking and crypto software has just emerged on the Google Play market, now with the ability
According to 7News, two Melbourne women, Manivel Thevamanogari and her sister Gangadory Thevamanogari got a AUD$10.5 million deposit from Singaporean cryptocurrency exchange Crypto.com after the latter made an error in giving a AUD$100 refund. An employee reportedly inserted an account number in the payment box instead of the return amount
Huobi’s affiliate Brtuomi Worldwide is one of the first exchanges in the British Overseas Territory to offer compliant crypto derivatives and trading services. In addition, Huobi, a major cryptocurrency exchange, is expanding its worldwide presence by entering the British Virgin Islands, a British Overseas Territory. Huobi stated on Friday that
Anyone can purchase the newly released NFTiff, but Punk holders who already own one can redeem it for a custom pendant. The trading volume of CryptoPunks, one of the sector’s most popular nonfungible token (NFT) collections, increased by 1,847% in 24 hours on Monday. Punk NFTs valued at about $1,226.68
The nonfungible tokens, or NFTs, are created on Polygon’s proof-of-stake blockchain. Starbucks said on Monday that its U.S. members would be able to earn and purchase digital collectible stamps in the form of nonfungible tokens, or NFTs. Each collectible digital stamp, dubbed “Starbucks Odyssey,” will have its ownership validated on