Search results: sports

HSBC, a leading global banking and financial services provider, announced a partnership with blockchain gaming platform The Sandbox, in a statement released on Wednesday, to build its presence in the Hong Kong-based firm’s metaverse. See related article: Who are the biggest players in the metaverse today? Fast facts HSBC will develop a plot of LAND, […]

Top blockchain and crypto news: PoW spared as Europe revamps MiCA rules. Yuga Labs acquires CryptoPunks rights. China’s Mango TV makes NFT debut.

Investors believe Bitcoin will stand its ground this year but in the altcoins world, some rising stars are brimming with potential.

Binance has launched its own fiat-to-crypto service provider Bifinity to improve on-ramps and encourage more merchants to take crypto payments. See related article: Israel added to Binance’s list of global regulatory trouble spots Fast facts Bifinity offers over 50 cryptocurrencies and supports major payment methods, including Visa and Mastercard. Crypto business aggregator Coinmap has tracked […]

As the public tires of Big Tech’s privacy abuses, Web3’s premise of decentralization has never looked better, writes Edward Chen of Huobi.

More people in the region are in thrall to play-to-earn gaming as it adapts to offer real-world uses, says Infinity Ventures Crypto founding partner Brian Lu.

When 3D artist Beeple sold a digital piece of art for a record $69 million through Christie’s, the world went NFT crazy. But what exactly is an NFT?

As businesses wake up to the potential of the metaverse, we ask The Sandbox’s Sebastien Borget whether its creator-driven promise will persevere.

Animoca Brand’s nWayPlay sold out second batch of Bing Dwen Dwen mascot NFTs on Thursday as prices of first set fetched 900% in average resale value.

Australia’s National Rugby League (NRL) has announced Brisbane-based crypto exchange Swyftx will be the league’s first official crypto sponsor until 2025, with a one-year extension option. See related article: Crypto.com inks AU$27M deal with the Australian Football League Fast facts For an undisclosed amount, Swyftx will support all NRL and NRLW games and finals, as […]

Oracle Red Bull’s Formula 1 (F1) racing team announced on Wednesday a multi-year sponsorship deal with Singapore-based derivative exchange Bybit in what it claims to be the largest annual crypto sponsorship to date. Fast facts While the scale of the sponsorship hasn’t been disclosed officially, media accounts cited an unnamed source in reporting the deal […]

Top blockchain and crypto news: Super Bowl score for digital asset exchanges. CryptoPunks holders face copyright conundrum. Hong Kong warns of NFT risks.

The aggregate sales volume of the four crypto exchanges that advertised during the Super Bowl on Monday Asia time accounted for under 60% of the world’s largest exchange Binance, which did not. Fast facts The four exchanges — Coinbase, FTX, Crypto.com and BitBuy — saw a total of US$6.75 billion in the past 24 hours […]

Advertisements for several crypto exchanges vied for the spotlight in this year’s Super Bowl, including one for Crypto.com that aired during the showcase halftime break. Fast facts Following a widely publicized ad featuring Matt Damon, Singapore-based Crypto.com’s new ad featured basketball star LeBron James talking to his younger self in 2003 insinuating the creation and […]

Cryptocurrencies categorized as fan tokens surged by 27.53% in global sales volume over the past seven days while non-fungible tokens (NFTs) dropped by 31.66%, according to CryptoSlam data.   Fast facts The market capitalization of fan tokens surged in tandem, rising by 41.3% over the same timeframe as NFTs also jumped by 30.4% in this measurement.   […]

The new token economy offers unparalleled opportunities for content creators, writes Weiwei Geng of Unite.io. Improving user experience will be key.

Bithumb, one of South Korea’s largest cryptocurrency exchanges, says it will distribute digital art non-fungible tokens (NFTs) for traders who meet the criteria every time South Korea wins a medal at the Beijing Winter Olympics. Fast facts Held jointly with blockchain-based sports content platform 300FIT, the NFTs will be accessible to traders who have transacted […]

After a poor start to the year, the market needed some good news. Industry watchers urge caution.

All eyes will be on Beijing for the upcoming games — will China use the spotlight to officially launch its CBDC?

Singapore-based exchange Crypto.com has struck a five-year AU$27 million (US$19.5) sponsorship with the Australian Football League’s (AFL) men’s and women’s (AFLW) competitions on Tuesday. Fast facts The deal is the first sponsorship from a crypto firm in Australia for a major sporting league, and the first major women’s sporting league sponsorship for Crypto.com. Australian rules football […]

Online influencers may be improving crypto-financial literacy for millions of people. But regulators have growing concerns.

How has layer-2 innovation saved Bitcoin from becoming a victim of its own success? Blockstream chief Adam Back explains.

What’s behind the crypto cheerleading by U.S. mayors? Are their city coins savvy moves — or will the bespoke crypto end up worthless?

Looking beyond this year’s headlines like El Salvador’s Bitcoin adoption, here are the key developments in blockchain technology that will have lasting impact in the new year and beyond.

The years of investment and development in NFTs and the metaverse will bear fruit in 2022, according to Cryptoslam CEO Randy Wasinger.

China prepares to show off its tech innovation muscles at the Beijing Winter Olympics as it unveils some unusual-looking wallets for its new digital yuan.

Liquidity mining plays a unique role in the DeFi ecosystem. How does it work?

Not yet done with your holiday shopping? Here are ideas for all the loved ones on your list, whether they are tech-savvy or merely crypto-curious.

The National Basketball Association has been ahead of the game in crypto adoption, but after a week of major developments, the league is now way out in front.

Top blockchain and crypto news: Can stablecoins bankroll democracy? Nike swooshes into the metaverse. Animoca and Bored Apes venture deeper into the gaming jungle.

Fast facts Blockchain-based payment platform Danal Fintech announced a new service plan that will allow BMW vehicles to be purchased with Paycoin (PCI) in its new partnership with Samchully Motors, the domestic dealer of the luxury automobile line. The recent announcement makes the first case in South Korea where an automobile can be paid in […]

The price of the native token of the SafeMoon blockchain momentarily surged over 8% in price this morning Asia time, as the developer behind the token announced that it had successfully transitioned to the second iteration of the network. SafeMoon’s price retreated throughout the day, however, and was trading at US$0.0000016 at press time, 2% […]

Decentralized autonomous organizations are ripe for robot takeovers, says SingularityDAO’s Marcello Mari. After all, why do decentralized entities need leaders?

$30 million worth of SHIB stolen in BitMart hack sparks hunt for the dognapper, as ecosystem developments fail to return Shiba Inu coin to its former glory.

Blockchain gaming unicorn Animoca Brands announced yesterday a partnership with Aquis Farm — a major racehorse-breeding business owned by Hong Kong’s billionaire Fung family — to bring equestrian activities into the metaverse. The blockchain specialist will leverage Aquis Farm’s equestrian intellectual properties to develop blockchain games and non-fungible tokens (NFTs).  Fast facts “Aquis recognises the […]

Metaverse picks up momentum, on the other hand Binance tweet gets yellow card

SafeMoon, known for high fees and social media hype, is now 85% below its all-time high. What lies in SafeMoon’s future?

Andrés Iniesta, former FC Barcelona veteran and current midfielder for Japan’s Vissel Kobe, promoted crypto exchange Binance via Twitter, which prompted a securities market regulator to write a cautionary reply tweet against crypto. Fast facts Iniesta wrote on Twitter Wednesday, saying: “I’m learning how to get started with crypto with Binance,” also posting pictures of […]

As the NFT zeitgeist sweeps the world, the industry’s beating heart is in Asia, writes David Tng of TZ APAC. Here’s how Asia’s NFTs are changing business models.

The metaverse has been the hottest trend in tech this past month and tokens attached to metaverse projects are showing that growth with the Sandbox’s SAND and Decentraland’s MANA are both up over 600% in the past month to reach all-time highs of US$8.51 and US$5.90 yesterday, respectively, according to CoinMarketCap. Fast facts The Sandbox […]

India proposes crypto ban meanwhile Metaverse race heats up

Dunamu, the operator of South Korean crypto exchange Upbit, launched a beta service of “Upbit NFT,” an NFT (non-fungible token) trading platform, while another K-pop agency, FNC Entertainment, plans to launch its first NFT collection. Fast facts Upbit NFT consists of two sections, Drops and Marketplace. Drops is where NFTs will be put up for […]

A week after the announcement that the famed Staples Center in Los Angeles will be renamed the Crypto.com Arena, the city plays host to another landmark crypto event, as a player for the NFL team the L.A. Rams has announced he will receive his US$4.25 million salary for the 2021-22 season in Bitcoin. Fast facts […]

South Korea a metaverse hub, also NFTs go from digital to physical

First it was crypto derivatives FTX jumping into the game in Miami. Now Singapore-based Crypto.com has stepped it up a notch by dropping more than US$700 million to rename the iconic Staples Center in Los Angeles to Crypto.com Arena for 20 years, according to the Los Angeles Times. Fast facts This figure makes it one […]

While a significant legislative achievement for U.S. President Joe Biden, the US$1 trillion bipartisan infrastructure bill signed into law on Monday included provisions relating to cryptocurrency tax reporting requirements that has many in the industry nervous. Fast facts As Forkast.News previously reported, provisions were added to the bill as it was being drafted in August […]

Pony Ma, chairman and CEO of Tencent — the Chinese payments and social media giant that is also the world’s biggest video games vendor — said in the company’s third-quarter performance call this week that the metaverse is “very exciting, but a little bit vague,” and “an opportunity that really adds growth to the existing […]

Digital assets are disrupting financial services in ways not seen since the Middle Ages, writes Alex Tapscott of Ninepoint Partners. Here is the taxonomy for the future of finance.

e-CNY scam investigated meanwhile S Korea gets metaverse bug

Information Technology (IT) firms in South Korea set up shop in the realm of the metaverse, with their first step being non-fungible token (NFT) platforms.

Pay-for-play on Web 3.0 will instigate seismic shifts from centralized social media to community-driven platforms, writes Solo Ceesay of Calaxy. How would it work?

On the heels of Facebook, or now Meta, Microsoft and Nike are also racing into the metaverse action. Fast facts Microsoft is introducing a more fun working environment experience by announcing 3D avatar and immersive meeting settings, according to media reports. The Verge reported that Microsoft will use artificial intelligence to listen to the creator’s […]

In a city where memories disappear every day, people are turning to blockchain to preserve news archives — so the first drafts of history will survive.

Mainland China’s recent ban on crypto, the most draconian yet, did not come as a surprise to those in the know, says Angelina Kwan of HashKey Group. How will this affect the crypto hub of Hong Kong?

Chinese internet giant Tencent reportedly plans to bet big on the metaverse — a trending idea on building a virtual world typically with the support of virtual and augmented reality technologies — and is looking to build an advanced gaming studio for that, the South China Morning Post reported on Wednesday, citing sources familiar with […]

As luxury brands eye the virtual realm, Zilliqa co-founder Max Kantelia looks forward to a convergence of desirable objects and digital opportunities.

Squid game NFTs traded on Opensea, also Bitcoin on a roll

In a special Q&A, a Canadian law advisor who works with Chinese clients breaks down the ban’s potential legal boundaries and concerns held by overseas Chinese.

Mobile game company Gamevil buys a large share of crypto platform Coinone, planning to develop blockchain-based gaming.

Although scarcely the size of a human palm, Mr. Goxx is earning big returns in the virtual currency market, raking in a 16% return as of Tuesday.

At the Cardano Summit over the weekend, IOHK founder Charles Hoskinson revealed a slew of partnerships and other developments for the Cardano blockchain

Marquee investors like Softbank and Andreessen Horowitz are heaping love on Sorare and Dapper Labs. What does this mean for the future of the non-fungible tokens sector?

As Cardano’s Alonzo upgrade goes live, founder Charles Hoskinson of IOHK calls DeFi a ‘bubble.’ How does he think the regulation that is sure to come will reshape DeFi in the future?

Solana validators complete restart also Laos ends crypto ban

Florida-based non-fungible token (NFT) platform Recur announced it has received backing from Steve Cohen, owner of Major League Baseball’s New York Mets, in its US$50 million series A funding round. Fast facts The financing round, which valued Recur at a US$333 million post-money valuation, was led by Digital, a metaverse investment platform backed by Cohen’s […]

Why is Axie Infinity so popular, and what is the potential of play-to-earn gaming? Two venture capitalists share insights on Asia’s special place as GameFi’s hub.

Despite significant losses across the board, industry experts are not too concerned, seeing the plunge as normal market behavior.

FTX is the latest crypto exchange to join the NFT bandwagon. “Make your own NFTs,” CEO Sam Bankman-Fried tweeted. 

Korean exchanges offered lifeline while NFL bans crypto sponsorships

The American football league’s 32 teams cannot sell NFTs or accept backing from crypto trading firms — at least for now.

Top blockchain and crypto news: Does TBD stand for Twitter Boss Decision? NFTs’ ballooning interest. How billions in e-yuan are coursing through China.

Prominent Indian actor Amitabh Bachchan will release his own non-fungible token collection later this year. Fast facts The NFTs will be rolled out on BeyondLife.club, a joint venture between Indian film production company Rhiti Entertainment and Guardian Link, a decentralized legitimacy protocol for NFT exchanges. BeyondLife.club allows users to buy NFTs with credit cards or […]