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Latest Web 3 and Cryptocurrency News

Many newsworthy events happen throughout the crypto industry every day. These could be the latest developments about Bitcoin and mining, Ethereum, meme coins, or some of the many other altcoins on the market.

Blockchain projects keep bringing updates of old coins and developing new ones, sometimes organizing initial coin offerings (ICOs) to raise funds. At the same time, Web 3.0 is on the rise.

Among other innovations, the next stage in the development of the world wide web has brought decentralized finance (DeFi), non-fungible tokens (NFTs), and play-to-earn (P2E) games. Businesses and decentralized autonomous organizations (DAOs) are doing their best to achieve projects’ aims, while national governments and lawmakers are increasingly looking to regulate the crypto industry.

So, apart from offering reviews and informative and easy-to-grasp Crypto Academy guides, we also provide regular coverage of all the described industry fields. Stay tuned for the trustworthy news you need to hear about!

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P2E News
A New P2E Game: Baby Shark BubbleFong Friends

Binance NFT and BBF Inc. have collaborated to make a new P2E (play-to-earn) game named Baby Shark BubbleFong Friends. Interested players can get exclusive access to Mystery Boxes giveaway event, ending on 10 June 2022 UTC 02:00. Baby Shark BubbleFong Friends is based on the Pinkfong Company’s characters Pinkfong and Baby Shark. The gameplay is […]

09.06.2022 09:161 min read
Meta/Web 3.0 News
“It’s Always Sunny” Star Rob McElhenney Creates an NFT-Based Writers’ Room

Actor and writer Rob McElhenney of the “It’s Always Sunny in Philadelphia” fame has formed a new “entertainment-tech” company named Adim. The company will provide a virtual writers’ room for collaboration between writers. Each of the participants will receive ownership of the developed IP via non-fungible tokens (NFTs). Initially, 100 writers will be selected from […]

08.06.2022 09:012 min read
Coinbase and Gemini Cutting Losses
Crypto Industry News
Coinbase and Gemini Cutting Losses

Two large cryptocurrency exchanges, Coinbase and Gemini, were forced to cut losses; to freeze hiring and lay off some of their workers, respectively.

03.06.2022 11:022 min read
Bitcoin value
Bitcoin News
Bitcoin’s Value and Profitability Declining

The past month has not been the best for Bitcoin. It’s value is now 22% percent lower than it was 30 days ago, amounting to $29,939. Moreover, Bitcoin’s market cap has also declined, falling from $750 billion to $569 billion in the same period. The results are similarly concerning in terms of Bitcoin’s daily mining […]

02.06.2022 11:271 min read
BNB Chain releases year-long technical roadmap to develop ecosystem
Crypto Industry News
BNB Chain releases year-long technical roadmap to develop ecosystem

BNB Chain has announced the launch of a technical roadmap designed with the intention to enhance the network’s decentralized structure, infrastructural capacity for sidechains and potential for developer-built decentralized applications (DApps) to improve performance and efficiency. Announced at the BNB Chain Revelation Summit, the document also revealed the latest iteration of the Most Valuable Builder […]

01.06.2022 08:341 min read
Altcoin News
Shiba Inu founder deletes social media posts, steps down from community

Similar to the Bitcoin (BTC) founder Satoshi Nakamoto, Ryoshi’s identity has remained unknown since the project launched in August 2020. Additionally, they have also held a hands-off approach to the memecoin, much like Dogecoin (DOGE) founders Billy Markus and Jackson Palmer. Lead developers such as Shytoshi Kusama have stated that the project will carry on […]

31.05.2022 08:291 min read
Elon Musk warns users against latest deepfake crypto scam
Crypto Industry News
Elon Musk warns users against latest deepfake crypto scam

Tesla CEO Elon Musk distanced himself from yet another fabricated video promoting a cryptocurrency scam. Originally shared on Twitter, the video in question was a deepfake of Musk purportedly promoting a cryptocurrency platform boasting 30% returns on crypto deposits. Scammers made use of original footage from a TED Talk featuring Musk and curator Chris Anderson […]

30.05.2022 10:571 min read
Crypto Industry News
Elon Musk To Commit $33.5B For Twitter Acquisition 

The new filing indicates the Twitter deal is still going forward, although Musk recently said the deal couldn’t proceed until Twitter verifies how many users on the platform are spam accounts or bots. Twitter CEO Parag Agrawal said the company’s estimate of spam accounts on the platform is based on multiple internal reviews, and external […]

27.05.2022 08:051 min read
NFT News
Solana Overtakes Ethereum in Daily NFT Trading Volume

The tides are shifting in the NFT space of late. The high-value Ethereum NFT market has seen sinking trading volume the last couple weeks, but Solana NFTs are still growing and over a 24-hour span from yesterday into this morning, the Solana network yielded more NFT volume than Ethereum’s. Per data from CryptoSlam this morning, […]

25.05.2022 08:061 min read
Crypto trading
News
Tether cuts USDT collateral in commercial securities

Tether cuts USDT collateral in commercial securities The USDT stablecoin issuer, Tether Holdings Limited, reduced its reserves in commercial securities by 17% in the first quarter of 2022. By the end of the second quarter, the company intends to reduce the amount of collateral in these assets by another 20%. The Tether’s commercial paper reserves […]

23.05.2022 12:321 min read
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