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Chiliz, the leading blockchain fintech provider, has acquired almost a quarter of FC Barcelona's Barça Studios for over $100 million. The Catalan football club is going through the worst financial crisis in its 123-year history and will use the funds to stay afloat. Moreover, the partnership will help the club dive deeper into the NFT and Metaverse space. FC Barcelona and Socios.com: A Win-Win Collaboration FC Barcelona, one of the most famous and illustrious football clubs worldwide, is desperately looking…

Binance has joined forces with payments network MasterCard to bring prepaid cards to Argentinian customers. Binance believes its new crypto card couldn’t have come at a better time in a country struggling with rising inflation. The major exchange shared the news on Thursday alongside other details of the forthcoming release.  The New Binance Card According to the Binance publication, the joint rollout will be called the Binance Card. New and existing Binance customers in Argentina will access it provided they…

On Wednesday, the Bitcoin banking platform Galoy announced a Bitcoin-based solution for sending, receiving, and storing USD.  Unlike traditional solutions, the “Stablesats” feature does directly integrate fiat currency, nor does it involve issuing a new token, or “stablecoin.”  Rather, Galoy’s service lets users of the Bitcoin Beach wallet effectively “freeze” the value of their Bitcoin to a specific dollar amount. How can this be? How Stablesats Work According to the firm’s explainer video, Galoy stabilizes users’ Bitcoin using financial derivatives…

In recent days, the Solana network has been the victim of a widespread attack that has affected over 8000 user accounts. So far, the culprit behind the hack has drained wallets of more than $8M worth of crypto assets.  According to the Solana team, it appears only Slope wallets have been susceptible to the hacks so far. No Bugs On Solana’s End Solana’s security personnel claims to have identified the origin of the breach. In an update that went up…

Since its inception, virtual reality has been a phenomenon. People have been fascinated by the idea of stepping into another world that humankind created. With Decentraland, this fascination has become a reality.  Decentraland is a popular virtual reality platform that allows users to create and experience anything they can imagine. Decentraland is also a cryptocurrency platform. Within the Decentraland ecosystem, users may buy goods, services, and real estate with the MANA token. The MANA token enables the project's founders to…

Billionaire Bitcoin maximalist Michael Saylor has relinquished his role as CEO of MicroStrategy, according to a company announcement on Tuesday. He spoke with CNBC the following day about the rationale behind the executive transition and his company’s financials. No Changes to the Bitcoin Plan In conversation with CNBC’s Squawk On The Street, Saylor reviewed MicroStrategy’s stock performance over the past two years. Despite tremendous volatility, it is ultimately up 123% since it first invested in Bitcoin in August 2020. That’s…

In the aftermath of the Terra collapse, firms like CoinShares and Hashed are still reeling from significant losses.  CoinShares Records a £17.8 million Loss On Tuesday, CoinShares Europe’s biggest digital asset investment firm released its financial results for the 2nd quarter of the year. Following the Terra-Luna debacle, the firm’s investment in the stablecoin ecosystem experienced a one-off loss, scaling £17.8 million. CoinShares’ Capital Markets business bore the brunt of the crash, the report revealed. However, their Asset Management arm…

Blockchain gaming is starting to take off, and Chain Pet is one of the games leading the charge. In this review, we'll look at Chain Pet's main features and how it sets itself apart from the competition. Chain Pet is a play-to-earn ecosystem that rewards players for their contributions. By upgrading, breeding, and combating their elves, players may construct their world. The elves obtained are all personal assets, so finding a partner is essential to help you get started. One…

LoserChick is a fun and addictive new game that allows players to catch and smash eggs for NFTs. In addition to providing many ways for players to earn, LoserChick also offers lower gas fees and higher transaction speeds.  Because of its relationship with Polygon, it's an excellent option for gamers seeking to spice up their day a little. This review will analyze LoserChick in detail, so be sure to check it out if you're interested in learning more. What is…