Altcoins

Binance – the world’s largest cryptocurrency exchange – is among a list of major equity investors backing Elon Musk’s Twitter bid. The company supported the tech mogul with $500 million, alongside an additional $1 billion from other crypto-supportive firms. Binance Backs Elon Binance’s backing was revealed in an updated Schedule 13D filing with the Securities and Exchange Commission (SEC) on Wednesday. It lists 19 different parties that contributed a total of around $7.1 billion to the Tesla CEO. Elon Musk…

US blockchain firm Algorand has joined hands with FIFA, signing a sponsorship and technical partnership deal. FIFA announced this news yesterday, noting this partnership will see Algorand become its official blockchain network. Additionally, Algorand will provide FIFA with a blockchain-powered wallet solution. According to the announcement, this collaboration will also see Algorand support the FIFA World Cup Qatar 2022. Specifically, the firm will be the World Cup’s regional supporter in North America and Europe. Moreover, the blockchain will become an…

1inch – the leading decentralized exchange aggregator – has integrated the fiat on-ramp aggregator Transak into the network’s native wallet. 1inch co-founder Sergej Kunz, says the integration will allow a “wider variety of tokens” to be acquired using fiat money. “Fiat” is the term for traditional, national currencies like USD, which require citizens of their respective countries to use them. Considering that most people still trade with these currencies, creating on-ramps from fiat to crypto is necessary for industry adoption.…

The Doge foundation recently marked a momentous time in history, setting a new record that could set a precedent for other coins. The Doge team has now made the first dogecoin transaction without the use of the modern internet. After having rumored the development for a while, the team finally leveraged SpaceX Starlink. In a tweet yesterday, Doge coin Programmer, Michi Lumin, shared that he sent 4.2069 Dogecoins using "Doge Radio." According to him, there were two others receiving his DOGE…

Amidst a general rise in crypto adoption across the UAE, YallaMarket, a local delivery company in Dubai has incorporated cryptocurrency as a payment method. The major delivery service also claims it will soon offer its staff salary payment options in USDT and USDC. YallaMarket To Pursue Crypto-Based Development The firm whose services entail grocery delivery has allowed customers to make crypto payments for its products via their mobile app. Additionally, the company supposedly has plans to facilitate investments from partners…

Thirteen National Football League teams are making arrangements with blockchain company Socios to boost fan engagement.  Shortly after the New England Patriots dabbled into crypto affairs, other NFL clubs took to similar pursuits. Thirteen clubs are lined up to enter a partnership deal with Socios. This includes the Los Angeles Chargers, Miami Dolphins, San Francisco 49ers, Tampa Bay Buccaneers, New York Giants, and others. In Europe, Socios has developed a reputation in sports as a fan token provider. Back in…

Mozilla – the non-profit behind the Firefox browser – has revised its crypto donation policy following backlash online about the technology’s energy use. Now, it will continue to accept some cryptos, but refuse Bitcoin and other proof of work cryptocurrencies. Proof of work (POW) cryptos require electricity/ computing power for users to compete to construct a block of transactions. By contrast, proof of stake (POS) cryptocurrencies make users stake their crypto holdings for the right to create a block. This…

Developers of the meme token, "Let's Go Brandon", have been accused of robbing investors via a pump-and-dump scheme.  Eric De Ford, a supposed victim of the scam, filed a lawsuit against the LGB creators for unlawfully manipulating prices. LGB creators allegedly maneuvered prices to their advantage by inciting a price pump, before selling off their assets shortly after. Accusers claim that the defendants walked away with significant profits while leaving other unsuspecting investors in the red. Hence, Ford filed a…

Popular Philippines-based payment platform, PayMaya recently announced a new crypto feature on its app. This feature would allow app users to trade digital assets with the app. PayMaya is using this feature to pave the way for newbies who want to enter the market.  Rolling out this feature will enable PayMaya to simplify crypto activities for Filipinos. As a result, Filipinos would be able to use cryptocurrencies without needing crypto exchanges. This way, they escape the KYC hurdles that come…