Ubisoft Launches Rabbids NFTs on Reddit

Ubisoft Launches Rabbids NFTs into Reddit

Ubisoft, a renowned name in the gaming world has launched Rabbids theme NFTs into Reddit to offer personalization of profils to users. These alien looking rabbit creatures were first launched in the mid 2000s and have also been featured in Nintendo’s Mario franchise. Now they are available to Reddit users which are acquirable as Polygon NFTs. These collectibles on Polygon …

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Federal Authorities Demand BlockFi to Transfer Funds Used in $575M Scam

Federal Authorities Demand BlockFi to Transfer Funds Used in $575M Scam

BlockFi, a platform that lends cryptocurrency, has been directed by the court to transfer funds related to a $575 million fraud. The court-appointed prosecutor, who filed a complaint against BlockFi in March, issued the order. The prosecutor alleged that BlockFi’s platform was used to transfer and hide funds in the fraudulent scheme. About the Accusations  According to the accusation, individuals …

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Coinbase Takes the Crypto Campaigns to TV Screens in US

Coinbase Takes the Crypto Campaigns to TV Screens in US

Coinbase, the leading cryptocurrency exchange in the US, has launched a TV ad campaign to clarify the importance of cryptocurrency to the country. According to Brian Armstrong, the CEO of Coinbase, the campaign, named “Crypto: Moving America Forward,” aims to explain why cryptocurrency is the top technology for upgrading the economic system of America. The advertising campaign includes television advertisements, …

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Vitalik Buterin Sounds the Alarm for Ethereum Consensus at Risk of Overload

Vitalik Buterin Sounds the Alarm for Ethereum Consensus at Risk of Overload

In a recent article, Vitalik Buterin, one of the co-founders of Ethereum, has warned against overloading the Ethereum consensus mechanism. He stressed the significance of preserving Ethereum’s simplistic approach to consensus and avoiding adding unnecessary responsibilities for validators. Buterin has highlighted the potential risks of leveraging the Ethereum validator set and social consensus for anything other than the core Ethereum …

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Ethereum Gas Crisis Eases as NFT Marketplace Fees Plunge

Ethereum Gas Crisis Eases as NFT Marketplace Fees Plunge

As reported by Nansen recently, Ethereum gas fees in NFT marketplaces have observed a significant reduction, steering the cryptocurrency ecosystem out of an impending gas crisis. A noteworthy point to consider is the substantial drop in Ethereum gas usage by NFTs, which now only account for a minor 3% of the total gas consumption. Uniswap Takes Lead in Gas Consumption  …

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Uniswap Survey Finds: DeFi Needs Enhanced User-Friendliness to Attract Retail Customers

Uniswap Survey Finds: DeFi Needs Enhanced User-Friendliness to Attract Retail Customers

Recent research spearheaded by Uniswap Labs has spotlighted the complexity of decentralized finance (DeFi) as a significant barrier to the involvement of retail cryptocurrency enthusiasts. Based on the responses from 1,860 U.S. retail users, the study highlighted the intricate and often confusing aspects of DeFi, which discourage users from engaging with on-chain services like Uniswap. Survey Unveils Deterring Factors for …

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Apple's Revolutionary Headset Set to Launch Metaverse Tokens to New Heights

Apple’s Revolutionary Headset Set to Launch Metaverse Tokens to New Heights

Apple’s soon-to-be-released mixed-reality headset is anticipated to have a significant impact on the metaverse and its associated tokens. According to a report from Apple’s product analyst, Mark Gurhman, the tech giant’s latest headset is set to hit the market on June 5, marking its first major product launch since the debut of the Apple Watch in 2015. The Metaverse Realm  …

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Two Citizens in India Lose 19 Lakhs to Cryptocurrency Fraud

Two Citizens in India Lose 19 Lakhs to Cryptocurrency Fraud

Two citizens of Mumbai, India, fell victim to cryptocurrency fraud, losing a total of 19 lakhs to cyber fraudsters. The victims, a doctor and a homemaker were approached by the accused, who convinced them to invest in cryptocurrency. The doctor was defrauded of Rs 6.23 lakh, while the homemaker lost Rs 13.10 lakh. Homemaker Duped via WhatsApp Group  According to …

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Škoda Introduces NFT Gallery

Škoda Extends Sponsorship with IIHF, Introduces NFT Gallery

Czech automobile giant Škoda has announced a five-year extension of its long-standing sponsorship with the International Ice Hockey Federation (IIHF), now set to last until 2027. The collaboration between the car manufacturer and the IIHF began in 1992, making it the lengthiest major sponsorship in any world sporting event’s history. Ice hockey enthusiasts can look forward to winning exciting prizes, …

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Portals Raises $2M to Streamline DeFi Experience and Democratize Web3 Access

Portals Raises $2M to Streamline DeFi Experience and Democratize Web3 Access

Portals, a groundbreaking platform aiming to simplify the Web3 ecosystem, has recently completed a successful $2 million seed funding round. The round was led by Lightshift Capital, with participation from LongHash Ventures, Daedalus Angels, Poolside, Basement Labs, Mechanism Capital, and notable angel investors such as Emile Dubie, Mathieu Baril, Owl.eth, 0xMaki, Rudy Kadoch, David Dias, and more. Transforming the DeFi …

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