Reddit is now testing NFTs as profile pictures
Reddit has become the latest participant in the NFT space as it is testing a feature that would allow users to set NFTs as their profile pictures.
This is currently in the very early internal testing phase. There hasn’t been any discussion of expansion or possible rollout of the feature to the general public yet.
Axie Infinity has officially launched the RON token
On Jan.27, Axie Infinity announced that it has officially launched RON, the governance token of Axie’s Ronin sidechain with a total supply of 1 billion units.
RON’s main purpose is to pay for gas fees and allow users holding RON to participate in block validation and be rewarded with RON tokens.
Latin America: millions can now move fiat in and out of crypto easily
Fiat-to-crypto and payment infrastructure company Wyre have announced an integration with Stellar, a blockchain platform that helps users transfer money and digital assets across borders with fast speed, reliability, and low cost.
The aim is to allow millions of people in Brazil and Argentina to switch from local currencies into digital assets and back again at high speed. Then they can use the crypto to pay for items or services.
MicroStrategy will continue to purchase Bitcoin this year
MicroStrategy Chief Financial Officer Phong Le says the firm will continue to purchase Bitcoin despite recent downturns.
In an interview with The Wall Street Journal, Le said the firm will continue to buy Bitcoin. As of December 29, 2021, the firm held approximately 124,391 Bitcoins.
The Sandbox looks to boost Metaverse startups with $50M incubator program
The Sandbox is launching a $50 million incubator program in partnership with venture accelerator Brinc, the company announced Wednesday.
The program will invest up to $250,000 in 30–40 metaverse startups each year over a three-year period. Top performers of the program will also be awarded up to $150,000 in SAND and LAND token grants.
Number of addresses holding ADA hit new 4 million All-Time High
The number of addresses holdings Cardano (ADA) grew in December to a new all-time high of 4 million. The number of holders grew even as activity on the cryptocurrency’s network suffered that month.
SHIBA INU now accepted by New York-based jewelry collection through BitPay
Payment service provider BitPay has announced that a New York-based jewelry collection, SuperJeweler, now accepts cryptocurrencies—SHIBA INU inclusive through BitPay.
This implies that SHIBA INU holders can now shop diamonds, rings and other jewelry offered by the New York-based jewelry collection ahead of Valentine’s Day.
Russia’s Finance Ministry opposes Central Bank call for crypto ban
Russia needs to regulate cryptocurrencies, not ban them, since banning crypto transactions and mining would mean undermining the industry’s technological development, according to the head of the financial policy department at Russia’s Ministry of Finance, Ivan Chebeskov.
The Ministry of Finance has prepared a set of proposals and is waiting for the government to evaluate it.
FTX US attains $8B valuation in $400M fundraise
FTX US, the crypto trading giant’s stateside wing, on Wednesday said it raised $400 million at an $8 billion valuation – one of the industry’s largest Series A rounds.
The exchange’s now 1.2 million-strong user base traded $67 billion in spot crypto last year as average daily volume spiked 608%.
Bitcoin whales take advantage of market crash to gobble up millions in BTC
A report from CC15Capital shows that a single bitcoin wallet had been purchasing millions of dollars worth of bitcoin.
In the event of the past week’s price crash, this single whale had accumulated millions in bitcoin. Each purchase ranged from $2 to $18 million worth of BTC every few hours, averaging 48,000 BTC per purchase.