Author: Beverly R. Lynn
Chain, a blockchain infrastructure company, is considering the Miami Heat, an NBA team, as their Web3 and blockchain infrastructure partner. The company has entered into an undisclosed-sum advertising and promotional partnership deal with the team. According to a press release covered by Decrypt, blockchain infrastructure company Chain, and the NBA team, the Miami Heat intends to collaborate with the ambition of filling the gap between the sports industry and Web3 technology. They are trying to do this for both Chain and the Miami Heat audiences. If the deal is successful, the Chain’s logo will be added to the Miami Heat…
In October, Dogecoin, a famous meme coin in the crypto industry, became the all-around winner among the industry’s most prominent cryptocurrencies; its price doubled, its market cap increased, and its trading volume increased. The reason behind this significant achievement is Elon Musk’s acquisition of Twitter, which he did last week. As soon as the news of Elon Musk’s acquisition of the social media giant, Twitter, was released, the value of DOGE increased as much as it had not seen since May 2022. According to data from CoinGecko, over the past two weeks, the value of Dogecoin increased by 117%. If…
Changpeng Zhao, the CEO of Binance, indicated that they put $500 million into Elon Musk’s Twitter acquisition to bring Twitter into Web3. Changpeng said in an interview that they support Elon Musk’s takeover of the social media platform to ensure crypto and Web3 are part of Twitter’s future. In an interview with CBNC, Changpeng said they want to ensure crypto has a seat at the table regarding free speech. He added there are more tactical things, like they want to bring Twitter into Web3 when they’re ready. Binance has invested $500 million in Elon’s successful takeover of Twitter. Moreover, they…
One of the world’s largest asset managers Apollo Global Management is trying to hold crypto custody through a partnership with Anchorage Digital, a digital asset platform. With more than $500 billion under management, Apollo Global is making this move for its institutional customers. And the first federally chartered digital asset bank in the US, Anchorage, will custody a significant portion of Apollo’s crypto portfolio. They chose Anchorage as their partner because they were impressed by its features. In a statement on Monday, Adam Eling, the COO of Apollo Global, said that they were drawn to working with Anchorage given their…
On the 1st of November, GameStop, a video game retailer, announced that it had added NFTs and Web3 gaming to its marketplace through Ethereum layer-2 scaling network Immutable X. This announcement means that users can now buy or sell Web3 games assets through this platform. The games on the GameStop marketplace, which now have their respective interactive NFT items available through, are Immutable X-based games, such as Guild of Guardians, Gods Unchained, and Illuvium. The items related to NFTs are tokenized and tradeable items, such as customizable land plots and digital trading cards. In July, the GameStop marketplace also launched…
On the 30th of October, an anti-corruption body revealed that El Salvador’s development bank, BANDESAL, has refused to provide any information on the government’s controversial Bitcoin records. On the 31st of October, ALAC, the Anti-Corruption Legal Advisory Center of El Salvador, released a document from the bank in a tweet. ALAC is an institution that provides citizens with legal aid in speaking out against corruption. In the document released from ALAC, it is written that BANDESAL, the development bank, says it cannot reveal confidential information. BANDESAL is in charge of managing funds that the Salvadorian government uses for its Bitcoin…
Filecoin, the decentralized storage network, is set to launch the Decentralized Storage Alliance through a partnership with Protocol Lab and other participants within the Web3 ecosystem. According to a Businesswire report, Filecoin’s reason behind launching its newly formed storage alliance is to help Web2 enterprises transition to Web3 through advocacy, best practices, and education. Filecoin will achieve its goal of making a Decentralized Storage Alliance by bringing together diverse viewpoints from leading Web2 and Web3 industry players, like Ernst & Young, Advanced Micro Devices, and Seagate, data storage solutions providers. Filecoin’s purpose is to create a space, which is trusted,…
On the 1st of November, MoneyGram, a global digital peer-to-peer payments company, announced that users could buy, sell, and hold cryptocurrency through its MoneyGram mobile app. Users can only buy, sell, or hold only three cryptocurrencies: Bitcoin, Ethereum, and Bitcoin. This new update will be available to users in all US and District of Columbia states. Although the digital payment company has added only three cryptocurrencies in its launch, it plans to add more digital currencies to its app in 2023. Alex Holmes, the CEO & chairman of MoneyGram, said that as consumer interest in digital currencies continues to accelerate,…
One of South Africa’s largest supermarket chains, Pick n Pay, is ready to accept Bitcoin in all stores nationwide, meaning users can now use Bitcoin as a payment method to purchase items. According to a report from Tech Central, a South African-based tech news outlet, Pick N Pay is planning to roll out its cryptocurrency payments service to its stores nationwide in the coming months. The store giant company had already done this experiment in selected stores. For example, in Cape Town, Pick n Pay started experimenting with Bitcoin payments five years ago, but at that time, it was upset…