China’s Gaming Giant Tencent Starts NFT Plan

Tencent Music NFT China

Tencent Music, a subsidiary of China’s internet giant Tencent, is entering the NFT business. Tencent Music will become the first music platform in China to issue digital collectibles of music, or “music NFTs”. Chinese local media Sina Finance reported that Tencent Music is building a cryptocurrency and NFT business, “TME Digital Collectibles”, focused on issuing […]

Uniswap Reportedly Explores Tie-ups with PayPal, Robinhood, Stripe

Uniswap ETH

Uniswap is reportedly exploring tie-ups with large financial institutions such as PayPal, Robinhood, E*Trade, Stripe and Paxos. The largest decentralized exchange on Ethereum is said to look to build partnerships on consumer finance and DeFi applications. In a talk at the EthCC conference in Paris, Uniswap’s growth lead, Ashleigh Schap, said Uniswap is in talks […]

What is Only1?

What is Only1? To answer that, we need to talk a bit about the NFT space first. NFT technology is one of the biggest trends in the cryptocurrency space. While a lot of current excitement is around using NFTs as digital art, the technology is looking to be the future of art, gaming, real estate […]

Binance CZ Willing to Step Down; Justin Sun Joins Communist Party

Binance CZ Tron Justin Sun

Crypto exchange Binance CEO Changpeng Zhao (CZ) hints to step down as he is looking for a replacement. And Justin Sun, Tron blockchain’s founder, joins a research project at a China Communist Party school. The news comes at a time when China is cracking down on the broader crypto industry. CZ strongly hinted he is […]

Tether USDT: New Risk to Crypto Market?

USDT Tether crypto stablecoin

Tether, the largest dollar-backed stablecoin, may pose a new risk to the cryptocurrency market. Bloomberg reported Tether Executives are facing a criminal probe by the U.S. Justice Department into bank fraud. In response, Tether issued a statement denying the article’s claims, adding that it’s “business as usual at Tether.” Tether’s dollar-pegged stablecoin USDT has been […]

Amazon to Accept Bitcoin Payments This Year

Amazon Bitcoin payment crypto

Amazon is looking to accept Bitcoin (BTC) payments this year, and is investigating its crypto token for 2022, CityAM reports. An anonymous insider told the London financial media that Amazon plans to accept Bitcoin by the end of this year. “This is the key first stage of this crypto project, and the directive is coming […]

JPMorgan Opens Crypto Trading To All Clients

JPMorgan crypto BTC ETH

Wall Street giant JPMorgan has opened the access to cryptocurrency funds to all its wealth management clients. It became the first U.S. big bank to give retail clients access to Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH) and Ethereum Classic (ETC). Starting from July 19, JP Morgan Advisors in JPMorgan’s $630 billion wealth management division […]

Elon Musk Reveals ETH Holdings, Supports DeFi

Elon Musk Ethereum ETH DeFi

Elon Musk confirmed he personally owns Bitcoin (BTC), Ether (ETH) and Dogecoin (DOGE). This is likely the first time Musk reveals his private holdings in Ether, the native cryptocurrency of the Ethereum blockchain. On The B Word conference with Twitter CEO Jack Dorsey and ARK Invest CEO Cathie Wood, Musk said he is ultimately a […]

Genesis Block Supports HaloDAO as On-Ramp and Off-ramp Partner

Genesis Block, a premier Over-The-Counter (OTC) trading center for digital assets, has become the latest industry leader to give HaloDAO a vote of confidence. With a mission to make cryptocurrency accessible to all, Genesis Block supports the development of HaloDAO as an on-ramp and off-ramp partner. HaloDAO’s partnership with Genesis Block will now enable everyone […]

FTX Valuation Rises to $18B After Softbank, Coinbase, Sequoia Invest

FTX Fundraising SBF

Crypto derivatives exchange FTX has raised money at an $18 billion valuation. Investors included SoftBank Group, Coinbase Ventures, Sequoia Capital, the Paul Tudor Jones family, Alan Howard, among others. The series B fundraising round of $900 million values FTX at $18 billion. It is also the largest private equity round in the crypto industry’s history. […]