Macy’s, one of the leading retail giants, has taken a significant step forward in merging fashion with technology through the launch of their groundbreaking digital fashion platform, mstylelab. This innovative initiative is part of Macy’s web3 digital strategy, aimed at revolutionizing the way consumers experience fashion. mstylelab offers users an unparalleled virtual shopping experience accessible
The Conflux price has experienced a significant decline in recent times, signaling investor disinterest in the altcoin. Over the past 24 hours, the price of Conflux (CFX) has fallen by 3%, reaching a worrying $0.103716. This decrease represents a 9% loss in just one week. The downward spiral of CFX has been a persistent trend
In a recent move, Grayscale Investments has filed an S-3 registration statement with the U.S. Securities and Exchange Commission (SEC) to register shares of Grayscale Bitcoin Trust (GBTC). The intention behind this filing is to list the shares on NYSE Arca under the GBTC symbol, reflecting the company’s aspiration to gain regulatory compliance and raise
Ethereum layer-2 scaling solutions Starknet and zkSync have bucked the trend by showing an increase in their total monthly active developer counts, while many other platforms have experienced a decline. This article explores the recent developer activity in the Ethereum ecosystem and discusses the potential reasons behind these trends. In contrast to platforms like Ethereum,
The native SUI token has been facing considerable challenges in recent days. After experiencing a significant drop of over 9%, allegations of supply manipulation by South Korean regulators further dampened its progress. Despite a minor recovery of just under 1% in the last 24 hours, the token fell from $0.41 on October 16 to new
Recent events, particularly the actions of Palestine’s Hamas group, have once again raised concerns about the role of cryptocurrency in terrorism financing. In response to these claims, U.S. cryptocurrency exchange Coinbase published a blog post highlighting the fact that the “overwhelming majority of terrorist funding still relies on traditional financial systems, like cash.” While it
Jimmy Song, a well-known figure in the Bitcoin community, recently shared his perspective on the long-awaited Bitcoin Exchange-Traded Fund (ETF). While some individuals, like Edward Snowden, remain skeptical about the potential approval of a Bitcoin ETF, others believe that it could legitimize the cryptocurrency for institutional investors. Jimmy Song, however, takes a different stance. He
Uniswap, one of the leading decentralized exchanges (DEX), has experienced a significant drop of 6% in its value after the introduction of a new fee on crypto swaps involving Ethereum, USDC, and other cryptocurrencies. This move by Uniswap Labs comes as they seek additional funding to manage their operations. The decision to implement a fee
In a significant move towards regulating crypto-assets, the Council of the European Union (EU) has adopted a directive aimed at enhancing cooperation amongst national taxation authorities. This directive, announced on October 17th, marks a proactive approach to navigate the ever-evolving digital economy. With comprehensive amendments to EU rules on administrative cooperation on taxation, the directive
Staking Ethereum (ETH) has become an increasingly popular choice for ETH holders rather than liquidating their assets. The Ethereum liquid staking derivatives finance (LSDFi) ecosystem has experienced significant growth this year, according to a recent report from CoinGecko. Despite the ability to withdraw ETH introduced in the Ethereum Shapella upgrade, the LSDFi sector has grown
The Fantom Foundation, a non-profit organization committed to nurturing the growth of the Fantom ecosystem, has been dealt a severe blow. Recent reports by CertiK, a renowned blockchain security firm, reveal that two Fantom Foundation wallets on both the Ethereum and Fantom Network fell victim to a phishing attack, resulting in a staggering loss of
Reddit has announced its plan to close down its long-standing blockchain-based rewards service called “Community Points.” This decision is mainly driven by scalability concerns, as mentioned in an official statement made by a Reddit team member on October 17. Despite recognizing potential opportunities for the service, Reddit acknowledges that it is not feasible to scale
The ApeCoin DAO has recently announced its collaboration with Forj, an NFT platform under Animoca Brands, to introduce an innovative NFT accelerator program. This partnership aims to enhance the functionality and value of the ApeCoin through the support of promising projects. The Ape Accelerator program, funded by the ApeCoin DAO, provides a platform for selected
The European Securities and Markets Authority (ESMA) recently issued a warning that investors in the European Union (EU) will not be adequately protected under the EU’s crypto asset market rules until the end of 2024, at the earliest. This comes despite the EU being the first global jurisdiction to endorse regulatory rules for crypto assets.