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GeneralBeginnerFlash loans are a type of uncollateralized lending that has become very popular, over the last year, in decentralized finance (DeFi). They have surfaced as an innovative and useful tool in the market for arbitrage and quick trades that weren’t possible before blockchains. These types of loans…
#cryptocurrency
GeneralBeginnerPopular metaverse gaming project the Sandbox announced its metaverse accelerator program that will escalate the development of the open metaverse by investing $50M in startups. The Animoca Brands subsidiary has partnered with the leading global venture accelerator firm Brinc with the aim to…
#metaverse#news
GeneralBeginnerRecently, leading NFT marketplace OpenSea announced the acquisition of Dharma Labs, a digital wallet for cryptocurrencies, for an undisclosed amount; and that the Co Founder and CEO of Dharma Labs, Nadav Hollander would become OpenSea's chief technology officer. " This union will be a force…
#news
GeneralBeginnerCryptocurrency is a relatively new concept in finance, and transacting and trading in it has yet not become a piece of common knowledge. Still, investors have been jumping on the crypto bandwagon, principally because of the good returns that it offers. Dissimilar to trading in shares and…
#cryptocurrency
GeneralBeginnerRecently, Microsoft announced its plans to acquire Activision Blizzard Inc, a leader in game development and interactive entertainment content publisher, in order to accelerate the growth in Microsoft’s gaming business across mobile, PC, console and cloud. According to the announcement, Microsoft…
#metaverse#microsoft#news
GeneralBeginnerIn a recent note, Bank Of America's digital asset strategist Alkesh Shah said that Solana could become the "Visa of the digital asset ecosystem." Bank of America told its clients in a research note that Solana's ability to provide high throughput, ease of use, and low cost offers a blockchain…
#bank-of-america#cryptocurrency#news
GeneralBeginnerNew Ethereum based NFT marketplace LooksRare is making waves just days after its launch by generating over $385 million in trading volume since launching on Jan. 10. By offering only 2% fees on basic sales and zero fees on private sales, LooksRare seems to be doing a pretty good job of drawing…
#news#nfts
GeneralBeginnerRecently, Binance announced its official partnership with the Confederation of African Football (CAF), as an official sponsor of the 2021 TotalEnergies Africa Cup of Nations (AFCON) tournaments. AFCON, the largest international men's football championship in Africa, kicked off on Sunday, January…
#binance#news
GeneralBeginnerA phishing scam drained New York based art gallery Ross + Kramer Gallery's Ethereum wallet of 15 NFTs valued at a total of $2.2 million. The hackers also sold many of the haul, including four Bored Ape NFTs. " I have been hacked. All my apes gone," Todd Kramer, the owner of the gallery, wrote in a…
#hackers#news#nfts
GeneralBeginnerThe LinksDAO golfing startup, in a sold out NFT drop, raised $10.5M to fund its golfing aspirations. The fund will be used to buy an actual golf course. Over 9,000 NFTs were sold via the OpenSea platform, in exchange of Ether (ETH). These NFT's will serve as "leisure membership" and "global…
#cryptocurrency#news#nfts
GeneralBeginnerRecently, China's central bank released a pilot edition of its digital yuan wallet application on mobile phone app stores as the country steps up its push to develop its own digital currency. The digital yuan is a central bank digital currency (CBDC), a kind of cryptocurrency issued and controlled…
#chinas-central-bank#cryptocurrency#news
