OpenSea briefly disables features as contract migration progresses
OpenSea bids and purchases are disabled until the migration is complete, ensuring that listings are safe. The firm’s week-long window for users to move their nonfungible token (NFT) listings has come to a conclusion. Following the deadline, the platform announced that due to the move, some functions on the site may be unavailable briefly. On […]
Senator Ted Cruz uses the unrest in Canada to promote Bitcoin once more
Senator Ted Cruz has joined a growing number of lawmakers in the United States who have advocated for Bitcoin acceptance. Senator Ted Cruz, a Republican, reaffirmed his support for Bitcoin (BTC) on Friday at his Conservative Political Action Conference (CPAC) speech, praising its decentralization. Cruz believes Bitcoin has a bright future since it is highly […]
The founders of BitMEX have admitted to violating the Bank Secrecy Act
For BitMEX founders’ roles in violating the Bank Secrecy Act and operating a “money laundering platform,” Arthur Hayes and Benjamin Delo will each have to pay a fine. After a lengthy legal battle with the US Department of Justice, the founders of cryptocurrency exchange BitMEX have pled guilty to breaching the Bank Secrecy Act (DOJ). […]
In 1992, Snow Crash Metaverse was crammed with advertisements, and the actual one will be as well
Snow Crash, a science fiction novel by Neal Stevenson, predicted the advent of a techno-marketing dystopia many years before. Snow Crash, a dystopian science-fiction novel by Neal Stevenson that has become a legend among Silicon Valley tech bros, foresaw the rise of a future Metaverse in 1992. Despite Stephenson’s claim that he was “simply making […]
Block earns $1.18 billion in Q4 gross profit, up 47% year over year
Block made a total of $4.42 billion in gross profit in 2021, a 62 percent increase year over year; however, net profit was only $77 million. Block, Inc. (previously known as Square), a crypto-friendly digital payments software firm, reported $1.18 billion in gross earnings in Q4, up 47 percent from the same period in 2020. […]