Nonfungible token (NFT) adoption is picking up steam across the food and beverage industry, with many fast-food chains showing interest in the asset class. A report by Research and Markets predicts that the global food and beverage NFT market size is expected to exceed $2 billion by 2032. These statistics have […]

Japanese blockchain developer HashPort has raised 1.2 billion Japanese yen ($8.5 million) in a Series C funding round led by Sumitomo Mitsui Banking Corporation, The University of Tokyo Edge Capital Partners and Japanese billionaire entrepreneur Yusaku Maezawa. The new round brings HashPort’s total funding to 2 billion yen ($14.2 million).  […]

Tech entrepreneur Elon Musk’s Twitter (rebranded to X) added contributors from 18 new countries to ensure the accuracy of the information being shared on the platform. As a result, Community Notes — the information watchdog on X — now has contributors from 44 countries in total. Ever since Musk’s acquisition […]

A new wallet that has launched on Optimism (OP) allows users to generate an address without storing seed words, and the account can be saved using an ordinary Twitter login. Called “Beam wallet” the application runs in a browser window and requires no downloads, according to a July 27 announcement […]

Sui Foundation has ended its relationship with the decentralized exchange MovEX following a breach of contract. The foundation alleged that MovEX had released a significant amount of SUI tokens – subject to a contractual lockup – into circulation. Sui Foundation Terminates Relationship With MovEX For Unlocking 2.5 Million Tokens On […]

Highly popular meme-based Dogecoin (DOGE) has been experiencing notable price action recently. At the of writing, DOGE is trading at around $0.0790, marking an increase of 0.27% and 11.88% in the past 24-hour and seven-day periods, respectively. This performance has positioned Dogecoin — which is currently the 8th most valuable […]

Stablecoins cannot be compared to bank deposits in terms of risk, argues a new policy paper authored by former Federal Reserve Board analyst Brendan Malone on behalf of technology investment firm Paradigm.  The document explores the risks stablecoins pose to the financial system, noting that current legislative proposals in the United States […]

Computer-generated nonfungible tokens (NFTs) created by Hungarian artist Vera Molnár in collaboration with Martin Grasser sold out during Sotheby’s Dutch auction for 631 Ether (ETH), or around $1.2 million, in less than one hour.  According to the July 26 announcement, the “Themes and Variation” collection features 500 collectibles via an […]

In a Twitter thread dated 18 August 2022, Chad Steingraber, a known figure in the XRP community, presented an intriguing thought experiment about the future of XRP. His theory explores the idea of XRP becoming a reserve asset, similar to gold, for banks and institutional liquidity providers. On 25 July […]