Cointelegraph By Prashant Jha
Decentralized blockchain ecosystem Binance Smart Chain (BSC) today announced that it is taking a new name, BNB Chain, in a bid to reflect its connection with the native token of the ecosystem Binance Coin (BNB).According to the release, BNB now stands for "Build and Build" instead of short...
HM Revenue and Customs (HMRC), the chief tax authority in the United Kingdom, have seized three nonfungible tokens (NFTs) associated with a suspected tax evasion fraud.The tax watchdog claimed it was the first U.K. law enforcement agency to seize NFT. The NFT seizure came along with the arrest...
A 555-carat diamond with mysterious origins estimated to be billion years old has been sold for $4.5 million in cryptocurrency at a Sotheby's auction.The diamond has baffled geologists over its origin, where it’s still not clear whether it came from outer space or was crystallized in the earth’s...
The development team behind Bunny Finance and Qubit has decided to disband the protocol and turn it into a decentralized autonomous organization (DAO).In an official medium post published on Friday, The Bunny Finance team announced that the exploit on Qubit that resulted in $80 million worth of loss has...
Manchester United, one of the oldest soccer clubs in the world, has confirmed its partnership with blockchain firm Tezos as the official training kit and technology partner.The soccer club aims to introduce its fans to the decentralized Web3 tech amid growing focus from mainstream firms and brands. The...
Billionaire investor Bill Ackman has called upon New York City mayor to look into the crypto regulatory clampdowns associated with BitLicense.A New Yorker shared his aghast on Twitter about the flawed crypto policies of the city and how it could force him to leave it. The user lashed out...
The Wonderland protocol became the talk of the decentralized finance (DeFi) world after the platform was found at the center of a brewing controversy. On Jan. 27, DeFi analyst zachxbt revealed that one of the anonymous co-founders of Wonderland happened to be QuadrigaCX co-founder Michael Patryn, who has been...
Former Manchester United legends Gary Neville and Paul Scholes are teaming up to launch a one-of-a-kind sports-centric DAO (decentralized autonomous organization) that would allow fans to make investments alongside these legends.The sports investment DAO would be called CO92 DAO, named after the legendary squad from 1992, and it...
Really Simple Syndication (RSS), the first information distribution protocol that saw massive adoption across the internet is all set to take on Web3 with a decentralized information processing protocol called RSS3.In a technical whitepaper released on Monday, RSS3 laid out plans for taking its popular internet feed update to...
A survey of 1,000 United States consumers around growing interest in the metaverse has revealed some interesting results. In a survey commissioned by nonfungible token and metaverse infrastructure provider Advokate Group, 87% of respondents preferred a decentralized metaverse on a blockchain over some of the mega projects planned by...
