FTX exchange reportedly plans to buy stake in BlockFi
After giving a $250 million credit to the lending company BlockFi, cryptocurrency exchange FTX is allegedly in talks to buy a stake in the company. The Wall Street Journal reported on Friday that FTX is now in talks with BlockFi about the cryptocurrency exchange buying a stake in the company, but no stock agreement has […]
Axie Infinity to reopen Ronin bridge, compensate exploit victims
The developer of the play-to-earn game Axie Infinity declared that it will compensate the victims of the Ronin bridge hack and reopen the bridge the next week. In a theft in March, hackers made off with more than $620 million, including about 17,600 ETH and 25.5 million USD Coin (USDC) tokens. Users will be able […]
Coinbase launches new Bitcoin futures product
Coinbase will launch its first derivatives product, a Bitcoin futures contract with a cash settlement dubbed the “Nano” Bitcoin futures contract. The Coinbase Derivatives Exchange, which Coinbase bought in January of this year and was originally known as FairX, will introduce its first listed cryptocurrency derivatives product. The so-called “Nano” Bitcoin futures contract will start […]
ARK36 exec says CBDC may threaten stablecoins
According to an executive of ARK36, central bank digital currencies (CBDC) may not directly threaten cryptocurrencies like Bitcoin (BTC), but they cause dangers when it comes to stablecoins. A state-backed digital currency like the U.S. dollar doesn’t necessarily have to be a rival to a private or decentralized cryptocurrency, according to Mikkel Morch, executive director […]
Snoop Dogg and Eminem adopt BAYC characters in recent music video
In the latest semi-animated music video titled From The D 2 The LBC, Eminem and Snoop Dogg remarkably resemble Bored Apes. Snoop Dogg and Eminem, both of whom are Dr. Dre’s proteges, looked to have animosity against one another barely a year and a half ago. The renowned rappers are now featured in a new […]