Browsing:Blockchain

Web3 explained in simple terms
1 year ago 1 min read

Web3 explained in simple terms

Web3 refers to the third generation of the World Wide Web, which is focused on the use of decentralized technologies such as blockchain and peer-to-peer networks. The main idea behind Web3 is to create a more open, decentralized, and secure internet, where users are in control of their own data and digital assets. This is in contrast to the current state of the web, which is largely centralized and controlled by a few large companies. Web3 technologies are designed to give users more control over their online experiences, and to enable the creation of decentralized applications and services that are

Medieval Empires Announces $MEE Token Launch
1 year ago 3 mins read

Medieval Empires Announces $MEE Token Launch

Singapore, Singapore, 8th December, 2022, Chainwire Medieval Empires is launching $MEE Token  Following the successful completion of seed and private rounds and tremendous response on the land sale, Web3 strategy game, ‘Medieval Empires’ is excited to announce the launch of its utility token, $MEE. The game’s $MEE token, aka The Utility Token provides community and political influence, plus Airdrops and special Lands. It also serves as a project token for seed and private investors, whose allocations vest over time. The launch of the $MEE token marks a defining milestone in the project’s roadmap, taking Medieval Empires another step closer to

Kevin O'Leary, a Canadian entrepreneur
1 year ago 1 min read

Kevin O’Leary reveales he lost $15 million paid to him by the now-defunct crypto exchange FTX

Kevin O’Leary, a Canadian entrepreneur, Shark Tank judge, and CNBC contributor, recently revealed that he lost $15 million paid to him by the now-defunct cryptocurrency exchange FTX. On CNBC, O’Leary mentioned that he was hired as a spokesperson for the exchange, which had a $32 billion empire, but the investors soon sued him and other celebrities, including Tom Brady, for failing to do their due diligence before promoting the exchange owned by Bankman-Fried. O’Leary confessed to succumbing to “groupthink” and not one of his investment partners suffered a loss. Hosts of CNBC Squawk Box lambasted him on the show for

SBF FTX
1 year ago 2 mins read

Many users file lawsuits against Sam Bankman-Fried

Sam Bankman-Fried has become the subject of numerous lawsuits and investigations following the collapse of FTX crypto exchange. Many class-action suits have been filed against the former FTX CEO, with the most recent being filed on April 22. These lawsuits range from claims of market manipulation to fraud, and are separate from the ongoing investigations into the company and SBF. Along with the Federal Election Commission’s likely investigation into Bankman-Fried’s dark money donations to the Republican Party, SBF has been under intense scrutiny for his role in the collapse of FTX. Gregg Podalsky and four other former FTX customers have

TRON Academy Announces 7 New Partners and New Activations
1 year ago 4 mins read

TRON Academy Announces 7 New Partners and New Activations

Geneva, Switzerland, 8th December, 2022, Chainwire TRON DAO recently launched The TRON Academy initiative to empower young blockchain enthusiasts from top-tier universities around the world. Creators are being welcomed to take advantage of early-stage development opportunities in the TRON ecosystem. Partnerships have been developed with existing blockchain clubs, and coaching support is available for students interested in establishing new clubs on their campuses.  TRON Academy’s industry-leading curriculum provides a comprehensive blockchain education for the next generation of leaders. Students are encouraged to build blockchain solutions that do more than just provide everyday utility. TRON DAO leaders are also challenging university blockchain clubs to

Metacade Presale for Web3’s First-Ever P2E Crypto Arcade Raises
1 year ago 5 mins read

Metacade Presale for Web3’s First-Ever P2E Crypto Arcade Raises Over $670k in Under 2 Weeks

London, United Kingdom, 8th December, 2022, Chainwire Metacade, the first-ever community-developed play-to-earn (P2E) blockchain arcade, has announced the launch of its highly anticipated $MCADE token presale.  The sale of Metacade’s native utility token sold over an incredible $670k in under 2 weeks, with their Beta Sale stage now over 60% SOLD OUT. $MCADE is available to buy on the official Metacade website. Positioning itself as a Web3 community hub, this gaming-first platform is set to attract gamers, investors, and entrepreneurs alike by offering a multitude of ways to earn, play, and connect. It looks to be a central hangout for all

Taylor Swift deal with FTX
1 year ago 1 min read

SBF contacts Taylor Swift for a deal months prior to the FTX crash

In the months leading up to FTX’s collapse, Sam Bankman-Fried, the founder of FTX, had approached Taylor Swift to work out a lucrative sponsorship deal estimated to be worth over $100 million. According to the Financial Times, the meeting revolved around ticketing arrangements for NFTs related to the pop star. However, Swift eventually backed out from the agreement prior to FTX’s financial troubles. Sources have claimed that FTX’s unorthodox internal decision-making, internal disputes among Bankman-Fried’s team, and the hiring of external executives may have all contributed to the downfall of the deal. At first, Bankman-Fried and Claire Watanabe, a senior

Spain CBDC
1 year ago 1 min read

The central bank of Spain is conducting trials of digital central bank currencies (CBDCs) for wholesale purposes

The Bank of Spain (BDE) has announced a new experimental program to assess the viability of implementing wholesale Central Bank Digital Currencies (CDBCs) in an effort to better meet the “needs and demands of an increasingly digital society.” The BDE is looking to collaborate with financial and technological institutions to launch the pilot program. The program will concentrate on three main areas: simulating the transfer of funds, testing the liquidation of financial assets, and assessing the advantages and disadvantages of introducing a wholesale CBDC to the existing procedures and structure. A December 5 statement, when translated, revealed that the bank

Binance US
1 year ago 1 min read

Binance US now allows users to trade Ethereum (ETH) without any fees

Binance US has announced that users can now trade Ethereum (ETH) without any fees, expanding the “zero fee price model” it introduced for Bitcoin transactions months ago. The crypto exchange now offers zero-fee trading on four ETH spot market pairs: ETH/USD, ETH/USDT, ETH/USDC, and ETH/BUSD. Starting immediately, the US exchange will no longer charge gas fees on all Ethereum transactions made through its “Buy & Sell” feature. This follows the footsteps of Robinhood, which began zero-fee crypto trading in 2018, and Binance US, which removed all Bitcoin spot market trading fees for BTC/USD, BTC/USDT, BTC/USDC, and BTC/BUSD in June. Binance

FTX and SEC
1 year ago 1 min read

US Congressman to investigate the SEC’s Role in the FTX Collapse

Ritchie Torres (D-NY) claimed that Gensler was “singularly responsible” for the failure to stop FTX from failing. An independent investigation into the Securities and Exchange Commission’s failure to stop the historic collapse of the cryptocurrency exchange FTX is being demanded by a Democratic congressman. In a letter sent Tuesday, Representative Ritchie Torres (D-NY) strongly asked the Government Accountability Office (GAO) to conduct an independent review of the SEC’s actions—or lack thereof—in the months leading up to FTX’s implosion last month. The letter highlighted Gary Gensler, the SEC chair, for asserting sole regulatory authority over crypto exchanges, yet neglecting to impose

SBF
1 year ago 1 min read

Former employees of the crypto exchange, FTX, have been contacted by the U.S. federal authorities

Former employees of the crypto exchange, FTX, have been contacted by the U.S. federal authorities as part of an ongoing investigation into the company. Two former employees of FTX have reported that they were approached by federal authorities as part of what is likely a broader attempt to acquire knowledge about the defunct exchange and hedge fund. The contact is still in the process of requesting records or other information from the employees, rather than relying on court-issued subpoenas. The employees have not specified what information they are being asked to provide. All four of the Justice Department, the Securities

CUBIX token
1 year ago 4 mins read

Cubix: A Game-Changing Way to Experience Sports and Esports

Dubai, UAE, Dec. 06, 2022 (GLOBE NEWSWIRE) — With Cubix, players can own and trade digital assets representing their favorite teams and players. The $CUBIX token will help everyone power the game economy, allowing players to purchase in-game items, rewards, and privileges. Discovering the Cubix Ecosystem For sports fans worldwide, fantasy sport is a popular activity. However, there are many challenges in the traditional fantasy sports industry that blockchain technology and NFTs can help address. Cubix is introducing a novel way for sports fans to participate in fantasy sports that will resolve these issues. Ultimately, the team expects to make

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