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Court Approves BTC Loan for Bankrupt Bitcoin Mining Firm

Rhodium Encore LLC, a bankrupt bitcoin mining company, has received court approval for a unique debtor-in-possession financing plan that allows borrowing in either U.S. dollars or bitcoin. Galaxy Digital Holdings…

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Frax Finance Launches Frax Name Service for Decentralized Identity Management

Frax Finance has launched the Frax Name Service (FNS), a decentralized identity service that allows users to register unique names on the Frax blockchain. Frax Finance Expands Ecosystem With Launch…

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NFT Market Faces Brutal August: Sales, Buyers, and Transactions All Plunge

Non-fungible token (NFT) sales have had a rough time in 2024, and August has been no exception. Following a 36.6% drop in July, August brought another significant decline, with sales…

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Gaming Blockchain Oasys Announces Partnership With Japanese Conglomerate SBI Holdings

Oasys, a Web3 gaming-oriented blockchain project, announced a strategic partnership with SBI Holdings, one of the largest financial conglomerates in Japan. As part of this partnership, Oasys secured an undisclosed…

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Trump’s World Liberty Financial Launches ‘Epic’ Meme Contest as Telegram Channel Hits 100K Members

The Trump family’s decentralized finance (defi) venture, World Liberty Financial, which has been shrouded in secrecy for quite a while, has now revealed another development—the launch of an “epic meme…

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Bored Ape Yacht Club Leads the Week’s Priciest NFT Sale Despite Overall Market Dip

While non-fungible token (NFT) sales saw a 24% boost the week before, the last seven days have witnessed a 4.3% dip. Meanwhile, the number of NFT buyers jumped by 31.48%,…

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Binance Research Report: Blockchain Could Transform Cross-Border Transactions

Blockchain technology is set to transform the payments industry by tackling persistent issues in cross-border transactions. A detailed report by Binance Research suggests that incorporating blockchain into payment systems could…

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Bitcoin Slides Below $58K as Market Plunge Wipes Out $178M

After lingering around the $59,000 mark, bitcoin’s value has faced downward pressure, dipping to an intraday low of $57,775 on Friday. Over the past 24 hours, bitcoin (BTC) has slipped…

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JPMorgan Executive Sees Big Future for India’s CBDC Initiative

Naveen Mallela, global co-head of Onyx, JPMorgan’s blockchain and digital currency unit, highlighted the rapid adoption of blockchain technology in India, particularly after the 2022 launch of the central bank…

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