Kusama, a sister chain to Polkadot’s platform, is ready for the rollout of parachains on the network. Polkadot and Kusama creator Gavin Wood said on Tuesday in a blog post that Polkadot was entering the fourth and final phase of its mainnet launch, which involves deploying parachains to...
Coinbase (COIN) falls below $250, blockchain stocks sell off as Bitcoin dip continues
It is well known that as goes Bitcoin (BTC), so goes the rest of the cryptocurrency market, as time and again, major price moves from Bitcoin create ripples across the altcoin market, impacting sentiment and momentum. This appears to be the same for blockchain-related stocks that...
Bank of America partnership with Paxos will allow same-day trade settlements
The second-largest bank in the United States is now reportedly using blockchain technology for settling stock trades. According to a Bloomberg report on Monday, Bank of America has joined Paxos Settlement Service, a platform capable of same-day settlement of stock trades using blockchain technology. Kevin...
Coinbase Wallet adds Chrome browser extension
Digital currency exchange Coinbase has announced a new browser extension for its native wallet, enabling users to more easily connect to decentralized applications and decentralized finance directly on their desktop. The Coinbase Wallet browser extension is now available on Google Chrome, the company announced Monday....
‘Cash, candy or Bitcoin’: Paying minors in 2021
A Bloomberg contributor will be paying his son Bitcoin in exchange for chores above and beyond his usual scope, but he is seemingly unable to decide on the best means of payment. In an opinion piece today, Eddie Yoon said he would pay his seventh...
Breakneck speed of crypto adoption could result in whiplash, warns wallet exec
Cryptocurrency adoption on a United Kingdom-based payment app is booming in the first quarter of 2021, but whether that trend continues could depend on the actions of Bitcoin (BTC) evangelists like Elon Musk, warns STICPAY director James Bay. The mobile payments app reported a 48%...
Luxury yacht firm accepts Bitcoin, hosts mobile and web services on blockchain
A luxury yacht firm has announced it will begin accepting cryptocurrency for its services and expects to see an immediate 40% growth increase from Bitcoin (BTC) payments in the first year. In addition to accepting Bitcoin payments, the firm also announced that it would base...
Fox teams up with Rick and Morty co-creator on animated NFT series
Fox Broadcasting Company has teamed up with Rick and Morty co-creator Dan Harmon to develop what they describe as the “first-ever animated series curated entirely on the Blockchain.” The animated comedy series, dubbed “Krapopolis,” will be launched alongside a dedicated marketplace that will host the...
Elon Musk impersonators make bank as crypto scammers’ profits surge
The United States Federal Trade Commission has found that crypto scammers’ profits spiked in the last two months, noting a surge in fraudulent impersonators posing as prominent figures associated with digital assets, such as Elon Musk. The findings report that cryptocurrency investment scams rose sharply...
Institutions dump BTC as volume soars for Ether funds
CoinShares’ weekly “Digital Asset Fund Flows” report has revealed last week saw the largest outflow of Bitcoin (BTC) in the report’s history as Elon Musk’s Twitter account again wreaked havoc in the crypto markets. The May 17 report notes $98 million exited Bitcoin investment products...