Finance and Business News

The presidential candidate of South Korea, Lee Jae-Myung of the Democratic Party (DP), is planning to raise funding for his campaign using NFTs in a unique way. According to sources, anyone who donates money to the campaign would receive NFTs from the party as the campaign gains traction ahead of the upcoming presidential elections. These […]

As we move closer to the new year, Flickto has one last gift for its holders, and that is the launch of its Initial DEX Offering (IDO). Flickto had previously announced the details of the IDO wherein it had been revealed that KICK.IO’s launchpad was going to be utilised and that both Flickto and KICK […]

As per a post by Crypto.com CEO Kris Marszalek on Twitter on December 25, he seems to have a problem with coinmarketcap’s exchange volume rankings. Marszalek claimed that the prominent crypto aggregation website arbitrarily decreased the exchange’s ranking. Marszalek has expressed his dissatisfaction with the online portal coinmarketcap saying that exchange volumes are being misrepresented, […]

The Sandbox, a trending metaverse owned by Animoca Brands, is announcing the arrival of the suits, in this case, consulting company PwC Hong Kong. The Sandbox team announced on Thursday that a business consulting firm had purchased some LAND, which is virtual real estate represented as an NFT. A spokesman from PwC Hong Kong refused to specify […]

The president and founding executive of the digital assets and Bitcoin futures trading platform, Bakkt Adam White is stepping down after three years of serving the company. White announced his retirement from Bakkt in a tweet on Thursday; he said that he would leave the company the following week. White has worked as both chief […]

Non-fungible tokens (NFT) lending platform that allows users to use NFTs as loan collateral, Arcade has announced that it has raised $15 million in a Series A fundraising round. Pantera, Franklin Templeton Blockchain Fund, Castle Island Ventures, Golden Tree Asset Management, Protofund, Eniac Ventures, Probably Nothing Capital, and Lemniscap were behind the investment along with angel investors […]

Historically, content producers have battled to get compensated for their services and to receive the accolades for which they have worked so hard. While the advent of NFTs has greatly aided in this regard, many artists and other types of content producers continue to struggle with this issue. As a result, these people would depend […]

To decrease their reliance on the standard media narrative on digital assets, a group of eight Bitcoin (BTC) enthusiasts initiated a Kickstarter effort to print an instructive book for America’s federal lawmakers. The campaign received $23,151 in funding, nearly five times more than its $5,000 goal. The book was created shortly after the $1.2 trillion […]

The virtual reality-based metaverse mania has begun to dominate mainstream headlines, especially since Facebook’s recent rebranding to meta. Recently, Decentraland (MANA), the crypto market’s most popular metaverse project, has announced a major partnership with NBA champion Stephen Curry and his key sponsor, Under Armour. Curry, who recently set the NBA record for highest three-pointers made, is […]

On Thursday, representatives from MicroStrategy (MSTR) discussed some of the ways the company could generate yield from its massive bitcoin holdings during a virtual investor day. According to MicroStrategy’s presentation, the company owns 122,478 BTC (roughly 0.64% of the total current BTC supply) as of December 10, despite the fact that it develops business analytics […]

The year 2021 has been promising to crypto acceptance, with institutional crypto investments and millennials becoming millionaires becoming common headlines. According to a new CNBC survey, the majority of millennial millionaires have invested a large portion of their wealth in digital assets and want to continue doing so in 2022. The survey questioned investors with […]

Announcing the launch of its initial stake pool offering, or ISPO, on December 15, Genius Yield, the famous decentralized automated market maker and liquidity management protocol built on the Cardano (ADA) blockchain, talked about the process on December 15.  The fundraising campaign will run for six months, from December 15, 2022, through June 15, 2023. […]

Circle, the business that developed the USDC stablecoin, announced a collaboration with public charity organization Endaoment to establish a disaster relief fund. The fund will be used to assist communities in the mid-western United States that were hit by fatal tornadoes last week. The two organizations seek to raise $1 million in grant money to […]

The American social news aggregator and content creating platform Reddit announced on Twitter that it had submitted a draft registration statement with the United States Securities and Exchange Commission (SEC) for a proposed initial public offering (IPO) of its common stock in a confidential manner.  There is yet to be a determination made on the […]

Among the world’s biggest sportswear companies, Nike has announced the acquisition of digital sneakers and collectibles brand RTFKT. As a result of this collaboration, Nike became the largest athletic products manufacturer based in the United States, and the company hops on the metaverse trend. On November 2, Nike submitted patent applications for its namesake, the […]

Digital payments company Square, now called Block, has announced that with its Cash App users will be able to give friends and family both cryptocurrency and stock gifts during the upcoming holiday season. The Cash App, which accounts for approximately 40 million monthly active users, announced on Tuesday that its users would be able to […]

According to InfoMoney, the only stock exchange in Brazil, B3, is aiming to enter the cryptocurrency market in the coming year 2022. The report cited a presentation given by B3 President Gilson Finkelsztain on December 10.  Data posted by InfoMoney indicates that B3 is exploring prospects in the asset tokenization, digital asset custody, and crypto-as-a-service […]

The decentralized layer one smart contract network Assembly that is built within the Iota network, on November 10, announced that it had raised $100 million from private institutional investors, including HyperChain Capital, LD Capital, and Huobi Ventures. Assembly stated that the primary focus of the funds would be used to boost the development of decentralized […]