Tag: Business

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Mark Karpeles announces commemorative NFT drop for Mt. Gox users

“Owning a Mt. Gox NFT proves you’re OG… you were there in the early days of Bitcoin, and now you can prove it on the blockchain,” said the project’s whitepaper. The former CEO of thnow-defunct crypto exchange Mt. Gox has announced that certain users will be eligible to receive commemorative nonfungible tokens, or NFTs. In…
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Crypto.com will air campaign in support of Ukraine during Academy Awards

The platform will match many donations in crypto, fiat and nonfungible token purchases toward humanitarian help for Ukraine through March 31. Cryptocurrency exchange Crypto.com plans to use its ad time during the 94th Academy Awards on Sunday to air a TV spot regarding the humanitarian crisis in Ukraine. In a Wednesday announcement, Crypto.com CEO Kris…
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Ukraine launches NFT museum ‘to keep the memory of war’

“While Russia uses tanks to destroy Ukraine, we rely on revolutionary blockchain tech,” said the country’s minister of digital transformation Mykhailo Fedorov. The Ministry of Digital Transformation in Ukraine has started an online nonfungible token museum aimed at preserving the timeline of major events starting with the Russian military invading the country. In a Friday…
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Exxon Mobil is using excess natural gas to power crypto mining: Report

The oil and gas giant launched the pilot program in January 2021 and is now reportedly considering expanding it to Nigeria, Argentina, Guyana, and Germany. United States-based energy producer Exxon Mobil has reportedly been running a pilot program aimed at using the energy from excess gas to power crypto mining rigs — and it may…
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Crypto.com becomes official sponsor of 2022 FIFA World Cup in Qatar

Though trading cryptocurrencies has been largely illegal in Qatar since 2018 , Crypto.com is likely to reach a more international crowd given the popularity of soccer on the world stage. FIFA, an international governing body for many major soccer tournaments, has announced that cryptocurrency exchange Crypto.com will be an official sponsor of its next World…
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US exceptionalism could be tested as digital assets find footing worldwide — Sheila Warren

“Innovation is going to flow to where it can thrive the most, and actively trying to block it is going to encourage it to head elsewhere,” said Sheila Warren. Sheila Warren, CEO of the Crypto Council for Innovation and former head of data, blockchain and digital assets at the World Economic Forum, said the digital…
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Amex trademark filings suggest possible entry to the metaverse

The major credit card company may be readying to provide “virtual concierge services” related to credit card transactions “in the metaverse and other virtual worlds.” Major credit card company American Express has filed trademark applications for some of its logos and designs, hinting at expanding into the metaverse. According to applications submitted to the U.S.…
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Event recap Austin’s SXSW 2022: NFTs everywhere

Companies from Doodles to luxury car manufacturer Porsche offered NFT-themed entertainment to the thousands of attendees appearing in person in Texas over the weekend. South by Southwest, one of Austin’s biggest festivals with exhibits from tech industry leaders, films and musical acts, kicked off its first weekend — and the theme for many seemed to…
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Former ENS director of operations remains at foundation after voting against his own removal

“For all the talk about credible neutrality and building infrastructure, this would have been the time to abstain, but he chose self-preservation,” said DAO member Eric Hu. Brantly Millegan will be staying on as the director of the Ethereum Name Service Foundation after casting more than 363,300 votes against a decentralized autonomous organization proposal to…
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The future of work: Companies open offices in the metaverse

From online meetings to product demonstrations, companies have been using the metaverse to bring their businesses to the digital world. There’s been a sharp decline in interest for the “metaverse” keyword in Google search. However, while the hype may be waning, it seems that companies are still very keen on dipping their toes into the…
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