PRESS RELEASE. Reef, a layer 1 Substrate based blockchain for DeFi, NFTs, and gaming, announced today it’s launching a new NFT division focused on connecting with graffiti and electronic artists while scaling up it’s blockchain to be more NFT-friendly. In the last two months, Reef has been working behind the scenes to kickstart its contribution…
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Bitcoin price moved into a bearish zone below the USD 40,000 level. BTC even extended decline below the USD 38,500 level before somewhat recovering. It is currently (04:40 UTC) showing bearish signs below USD 38,700 and still might extend losses. Similarly, most major altcoins are trading in a negative zone. ETH is testing the…
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“Significant risks” — Cryptocurrencies have attracted the attention of U.S. legislators looking to decrease the exposure to digital assets in 401(k) retirement accounts. The US Department of Labor (DOL) has told 401(k) investors to “exercise extreme care” when dealing with cryptocurrencies and other digital assets citing fraud, theft, and financial loss as “significant risks”. In…
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The hackers hijacked the popular reporter’s account in an attempt to promote giveaways for the Skulltoons NFT project by duping users into clicking a malicious link. In what ESPN Major League Baseball reporter Jeff Passan called the “biggest news day” of his life, scammers hijacked his Twitter account to promote an NFT giveaway. With the…
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Dubai has adopted its first law to regulate the crypto sector. It has also established a dedicated regulator to oversee crypto activities and related service providers. Crypto Sector Regulated in Dubai The emirate of Dubai has adopted its first law to regulate crypto assets and established a regulator to oversee crypto activities and regulate crypto…
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Following the record 7.5% high for January, the U.S. Labor Department’s Consumer Price Index (CPI) data shows February’s CPI metrics rose to 7.9%. The CPI data published on Thursday is a new 40-year high and month over month, inflation jumped by 0.8%. President Joe Biden is blaming the inflation spike on Russia’s invasion, as he…
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The layer-2 scaling solution has been down for over 11 hours as users are wondering what the hold-up is on fixing a bug that compromised network consensus. Layer-2 Ethereum scaling solution Polygon has not produced a new block for over 11 hours, with developers attributing the issue to a technical upgrade on the network. On…
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A Cornell University economics professor says that President Joe Biden’s executive order on the regulation of cryptocurrency could benefit the industry. “Ultimately what these sorts of regulations provide to the industry is legitimacy,” said the professor. Cornell Professor on Crypto Industry Benefiting From Biden’s Executive Order Eswar Prasad, professor of economics at Cornell University, shared…
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“This bill holds China accountable as they introduce their new digital currency,” said Senator Bill Cassidy. Nine Republican senators have backed legislation aimed at directing the policy of U.S. government agencies around concerns that China’s digital yuan may be used to circumvent sanctions and compromise users’ personal information. In a Wednesday announcement, Louisiana Senator Bill…
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The multinational mass media and entertainment conglomerate Warner Bros. has announced the firm is working with Cartamundi Group in order to launch DC Comics-themed hybrid trading cards. DC multiverse fans can leverage the Hro application in order to gain access to their favorite DC superheroes, supervillains, and other DC characters. Warner Bros. Reveals DC Comics-Themed…
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