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BitsCrunch, a multichain NFT analytics firm, has secured $3.6 million in a recent funding round. Some of the cryptosphere's most powerful investment firms have contributed to this event. So, while the project is still developing, it clearly benefits from important industry support. What is BitsCrunch? BitsCrunch combines artificial intelligence with analytics tools to determine a fair price for NFTs. Additionally, it identifies wash trading warnings and calculates whether an NFT is genuine or fake. The company operates from Germany and…

Kimbal Musk took a straightforward approach when talking about Tesla's investment in Bitcoin. At ETHDenver, Elon's younger brother said the company was "very ignorant" of the cryptocurrency's impact on the environment. His revealing words come little over a year since Tesla had bought $1.5 billion in Bitcoin. Now, crypto enthusiasts wonder whether Kimbal's comments will impact BTC's price like Elon's tweets previously did. Bitcoin Purchase has Divided Tesla Supporters Last year, when Tesla announced a humungous $1.5 billion investment in…

Despite regulatory threats, famous pizza Place Papa John's is entering the NFT space with a huge giveaway. Pizza take-out chain Papa John's (PZZA) is planning to airdrop nearly 20,000 non-fungible tokens (NFT). According to the official statement, Papa John's is giving away 19,840 NFTs. The campaign will start in early March, when the company will airdrop NFTs over a few days. The number 19,840 represents the company's founding year, or 1984. Overall, there are nine NFT designs, inspired by a Papa…

Multimillion-dollar American company Chevron has put forward an application that would allow it to produce and sell virtual products. Chevron's Interest in NFTs  On Tuesday, 2nd March 2022, Chevron filed a series of applications with the United States regulatory body (USPTO). Chevron’s filed patent will allow it to produce and sell digital assets in the form of NFTs. Trademark lawyer Michael Kondoudis took to Twitter to announce the news. The application, if granted, means Chevron can offer products like virtual…

US President Joe Biden will soon sign an executive order on cryptocurrency regulation and oversight that’s been in the works since last year. Sorting Out Responsibilities Sources involved in the order’s deliberations – who opted to remain anonymous – offered details on the order to Bloomberg. As reported in October, it will direct federal agencies to examine the “national security” and “economic “impact” of cryptocurrencies. Later in the year, those agencies will have to report their findings. The order should…

Ukraine is buying military supplies from weapon vendors accepting crypto as a means of payment.  Reports from a Ukrainian Senior officer reveal that several weapon dealers are willing to trade weapons in exchange for crypto.  Ukraine Buys Supplies with Crypto Donations Ukraine started a fundraiser in crypto to seek worldwide financial assistance, given the crises of Russia's invasion during February ending. The global community turned up in numbers to support the Russian neighbors and donations obtained from this end accumulated…

The world's largest cryptocurrency exchange Binance has announced the launch of its own fiat-to-crypto payments provider. As announced on Monday, Bifinity will be the official fiat-to-crypto payments provider for Binance. The payments financial technology company will connect businesses, merchants, and users to the world of crypto and blockchain. Bifinity will support over 50 cryptocurrencies globally along with all major payment methods, including VISA, Mastercard, and more. Users will also have access to "NFT checkouts," allowing users to trade across different platforms.  …

Coinbase revealed on Monday that it had blocked more than 25,000 Russian wallets linked with illicit activities.  Coinbase’s action comes after an initial refusal to place a blanket ban on Russian wallets.  Coinbase Acts on Sanctions The major exchange published a detailed official statement of its most recent crackdown on more than 25,000 Coinbase wallets. Coinbase claims that these wallets mostly belonged to Russians linked with several illicit activities. The company came to this conclusion via its own private “proactive…

Following its invasion of Ukraine, sanctions on Russia are becoming more and more devastating. Recently, payment providers decided to block money from coming in and out of the country.  The pressure is mounting on crypto companies as well. Last weekend, payment processing giants Visa and MasterCard joined PayPal in suspending cross-border payments for their Russian clients. The decisions are set to comply with sanctions of NATO and other western countries, where these companies have their headquarters in. The largest credit-card…