Author: News Room

Polygon Labs paid $4 million to host Starbucks Odyssey, the NFT-powered loyalty program that made headlines as a crypto biz-dev coup. The deal was a hallmark of a “big and flashy” business development strategy that Polygon has since abandoned, people familiar with the matter said. Companies usually pay their tech vendors for services rendered. For Starbucks’ soon-to-be-defunct foray into crypto on the Polygon network, it was the other way around. Polygon Labs paid $4 million to the coffee giant in 2022 as part of their deal to build and host a blockchain-based loyalty program, Starbucks Odyssey, on the Polygon network,…

An official of the Shiba Inu ecosystem team has expressed that SHIB could engineer a miraculous comeback in the next few days to crack its all-time high before the Bitcoin halving. This view came from Lucie, Shiba Inu’s marketing specialist. Lucie conveyed her optimism about Shiba Inu’s performance in a recent post on X. She disclosed that she had bought Shiba Inu’s dip amid the asset tanking by over 23% to $0.000023 within the last seven days “Bought the DIP, my lovely SHIB,” Lucie remarked. Bought the DIP 🥰😍 My lovely $SHIB If someone can pull miracle recovery it’s $SHIB…

Ethereum, not Bitcoin, is poised to be the cornerstone of the future financial system. This assertion stems from a series of advancements and the inherent characteristics of the Ethereum blockchain. Particularly, in light of the recent Dencun upgrade, which has significantly lowered transaction fees on its network. Ethereum Is About to Change Everything Ethereum’s journey through 2024 has been spectacular. Its market value surged over 58% year-to-date, with revitalization within the NFT sector and stablecoin market capitalization reaching multi-year highs. This surge in Ethereum’s prominence reflects its growing utility and adoption across various sectors, from digital art to DeFi. Moreover,…

The SHIB Army has secured a significant milestone as MEXC, one of the top-ranking centralized crypto exchanges, is set to list partner token K9 Finance (KNINE). In a recent post on X, Shiba Inu Shibarium partner K9 Finance disclosed the upcoming listing of its newly launched KNINE token on MEXC. Per the notification, KNINE will become tradable on the prominent exchange today, March 19, from 15:00 UTC. New Listing 🤝$KNINE will be available on @MEXC_Official on March 19 at 15:00 UTC ▶️ Pair: $KNINE / $USDT▶️ Tax: No▶️ Deposits: Now open Join the K9 DAO Telegram for our voice chat;…

Famous market analyst BlockchainedBB says it’s about time for XRP as the SEC prepares to file its opening remedies brief in the Ripple lawsuit. The ongoing SEC v. Ripple lawsuit has negatively impacted XRP’s performance in the past few years. Industry commentators argue that the lawsuit, introduced in December 2020, prevented XRP from surpassing its 2018 ATH during the 2021 bull run. Notably, several analysts have projected that the resolution of the multi-year legal battle could pave the way for a potential rally for XRP. For the lawsuit to end, the court still needs to address the remedies litigation, which…

According to a Strategy and PwC report, the metaverse industry will inject $15 billion into GCC (Gulf Cooperation Council) countries by 2030. The report noted existing metaverse initiatives in Saudi Arabia and the United Arab Emirates that could extend to the rest of the region. Strategy and PwC noted the GCC aims to explore the “enormous possible impact” of the metaverse in energizing and transforming various sectors in their economies. The report highlighted the potential of the metaverse to provide a world of possibilities. It argues that this potential does not stop at next-generation gaming and internet shopping. The report’s…

The Republican primary win of blockchain businessman Bernie Moreno in Ohio has set up the congressional race to watch for the crypto industry. Moreno will face off in the general election against crypto doubter Sen. Sherrod Brown, the chairman of the Senate Banking Committee who has been a legislative roadblock for digital assets regulation. Ohio’s U.S. Senate race may be the biggest congressional contest this year for the crypto industry, now pitting a digital assets booster against Sen. Sherrod Brown (D-Ohio), the sitting Senate Banking Committee chairman who has stood in the way of the development of regulatory legislation. Bernie…

Singapore-based game studio 9 Lives Interactive announced Thursday that it has secured $3 million in funding to support the global launch of Nyan Heroes, a “hero shooter” game with assets minted on the Solana blockchain. And players will have a chance to test it out very soon. The investment round was led by Mechanism Capital, with participation from Sfermion, Momentum 6, 3Commas Capital, Devmons GG, Kosmos Ventures, and CSP DAO. 9 Lives Interactive previously raised $7.5 million in 2022. Nyan Heroes will be available in a limited early access testing period from March 26 to April 9 via the Epic…

Environmental lobby group Greenpeace releases a questionable report using lobbyists’ past affiliations and old data to discredit Bitcoin’s energy impact. A crypto environmental specialist has debunked many of the findings. The organization’s latest report asserts that current Bitcoin mining lobbyists are from think tanks and anti-environment advocacy groups. Greenpeace Exposes Alleged Political Ties  Greenpeace asserts that the advocacy group, the Chamber of Digital Commerce, which counts Bitcoin miners Marathon Digital and Core Scientific among its members, authored a Congressional resolution to support Bitcoin mining. The Blockchain Association, which represents the likes of Coinbase, reportedly lobbied against a bill requiring the…

On March 19, Brian Armstrong, the CEO of Coinbase, appeared on Bloomberg TV to discuss various aspects of the cryptocurrency industry, including the impact of spot Bitcoin ETFs on Coinbase’s business, his meetings with lawmakers in Washington, D.C., and the potential approval of spot Ethereum ETFs. Spot Bitcoin ETFs and Coinbase’s Business Armstrong began by addressing the positive impact of spot Bitcoin ETFs on Coinbase. Contrary to concerns about these ETFs diverting business away from the platform, he noted that Coinbase had actually seen an influx of capital into the system, amounting to about $12 billion. He emphasized that Coinbase…