Posts in Breaking News

UK Lawmakers Express Concerns Over Retail CBDC

UK Lawmakers Express Concerns Over Retail CBDC

December 3, 2023 06:01 AM / by Web3 GrandPappa

The debate in the UK reflects a larger global conversation about the role of digital currencies in the modern financial system. Countries like China are advancing rapidly in this area, while others are still weighing the pros and cons.

UK Investors' Potential Liability for Unpaid Tax on Cryptoassets

UK Investors' Potential Liability for Unpaid Tax on Cryptoassets

November 30, 2023 12:00 PM / by Web3 GrandPappa

In the evolving world of cryptocurrency, taxation remains a crucial and often complex aspect. A significant development has surfaced for UK investors, who may now face liabilities for up to 20 years of unpaid taxes on cryptoassets. This article aims to dissect the implications of this development, providing insights into its impact on investors and the broader crypto market.

Unraveling the Mysteries of L1 Blockchains: Solana, Avalanche, and Cosmos

Unraveling the Mysteries of L1 Blockchains: Solana, Avalanche, and Cosmos

November 19, 2023 04:37 AM / by Web3 GrandPappa

The realm of blockchain technology is vast and complex, with Layer 1 (L1) blockchains being pivotal in this expanding universe. Today, we're diving deep into three significant L1 blockchains: Solana, Avalanche, and Cosmos. Each of these platforms offers unique features and innovations, shaping the landscape of decentralized applications and finance.

Understanding the Safemoon CEO's Bail Request Denial: A Comprehensive Analysis

Understanding the Safemoon CEO's Bail Request Denial: A Comprehensive Analysis

November 12, 2023 01:06 AM / by Web3 GrandPappa

Explore the reasons behind Safemoon CEO John Karony's bail denial and its implications for the crypto world. - 154 Characters

Solana-Based Products Lead with 74% AUM Increase in October: CCData

Solana-Based Products Lead with 74% AUM Increase in October: CCData

October 30, 2023 07:58 PM / by Web3 GrandPappa

Despite affiliation to FTX and its disgraced founder, Sam Bankman-Fried, as well as its own share of outages, Solana has managed to recover this year.

Wallet Wars’ raW Pass NFTs sells out in 5 minutes

Wallet Wars’ raW Pass NFTs sells out in 5 minutes

October 20, 2023 08:17 PM / by Web3 GrandPappa

RaW Pass, a new non-fungible token (NFT) collection linked to the upcoming Web3 game Wallet Wars, sold out within 5 minutes after its first mint on Wednesday, blockchain infrastructure developer Balthazar DAO announced.

Lido Halts Solana Staking and Deposits Due to Funding Shortfall

Lido Halts Solana Staking and Deposits Due to Funding Shortfall

October 17, 2023 04:28 AM / by Web3 GrandPappa

In a significant development within the cryptocurrency industry, Lido, a popular staking platform, has announced the suspension of Solana staking services due to a lack of funds. This decision has taken effect immediately, causing disruptions for users who engaged in Solana staking through the Lido platform.

Bitcoin Floods Binance with $300M in Deposits in Just 48 Hours

Bitcoin Floods Binance with $300M in Deposits in Just 48 Hours

October 14, 2023 06:25 AM / by Web3 GrandPappa

In a remarkable display of Bitcoin's growing influence and adoption, Binance, one of the world's leading cryptocurrency exchanges, has witnessed an influx of $300 million in Bitcoin deposits within a mere 48-hour timeframe. This surge in deposits underscores the dynamic nature of the crypto market and offers insights into current investor sentiment. Here's a closer look at this development.

Web3 Breaking - Real USD (USDR) Stablecoin Faces Depreciation, Price Plummets by 50%

Web3 Breaking - Real USD (USDR) Stablecoin Faces Depreciation, Price Plummets by 50%

October 12, 2023 04:07 AM / by Web3 GrandPappa

In a surprising turn of events, the Real USD (USDR) stablecoin, which was pegged to the US dollar, has experienced a significant depegging, resulting in its price crashing by a staggering 50%. This development has sent ripples across the cryptocurrency community and raised concerns about the stability and reliability of certain stablecoins. Here's a closer look at the situation and its implications.

BlackRock Taps into JPMorgan's Blockchain Tools: Instant Collateral Settlement with Barclays

BlackRock Taps into JPMorgan's Blockchain Tools: Instant Collateral Settlement with Barclays

October 11, 2023 11:41 PM / by Web3 GrandPappa

In a move that showcases the growing integration of blockchain technology in traditional finance, BlackRock, the world's largest asset manager, is leveraging JPMorgan's new blockchain tools. The primary aim? Achieving instant collateral settlement with Barclays. This article delves into the intricacies of this collaboration and its potential ramifications for the financial sector.

Breaking News-OpenSea offered a tool for forced royalty collection NFT

Breaking News-OpenSea offered a tool for forced royalty collection NFT

October 8, 2023 09:48 PM / by Web3 GrandPappa

OpenSea offered a tool for forced royalty collection NFT-marketplace OpenSea has offered authors a tool to automatically collect royalties on any resales

Vitalik Buterin Urges Caution Amid Uncertain Future of Hong Kong’s Crypto Support

Vitalik Buterin Urges Caution Amid Uncertain Future of Hong Kong’s Crypto Support

October 8, 2023 12:30 AM / by Web3 GrandPappa

Vitalik Buterin, co-founder of Ethereum, delivered crucial insights during a recent event in Singapore, shedding light on the evolving landscape of cryptocurrencies in Hong Kong.

Breaking news- 🇬🇧 UK banks ditch the Metaverse

Breaking news- 🇬🇧 UK banks ditch the Metaverse

October 2, 2023 09:27 PM / by Web3 GrandPappa

The number of UK banks investing in technologies such as virtual reality and augmented reality is falling as the Metaverse hype fades away.

 Breaking News - Brazil rolls out blockchain-based digital ID

Breaking News - Brazil rolls out blockchain-based digital ID

October 2, 2023 09:21 PM / by Web3 GrandPappa

Over 214 million Brazilians will soon be using blockchain technology for digital identity, the government recently announced.

 Paypal Selects Crypto.com as ‘Preferred Exchange’ for PYUSD Stablecoin

Paypal Selects Crypto.com as ‘Preferred Exchange’ for PYUSD Stablecoin

September 30, 2023 09:24 PM / by Web3 GrandPappa

Crypto.com announced a partnership with Paypal that aims to establish the digital assets exchange as the preferred trading platform for the online payment

 Florida Judge Dismisses Case Against NFT Artist Over Million-Dollar Deal That Never Was

Florida Judge Dismisses Case Against NFT Artist Over Million-Dollar Deal That Never Was

September 28, 2023 01:31 AM / by Web3 GrandPappa

Unravel the unfolding legal drama between Terraform Labs and the SEC over the potential extradition of Do Kwon for testimony, and its implications for the crypto world.

Amazon's $4B Gamble: Taking on Tech Titans in the AI Cloud Arena with Anthropic

Amazon's $4B Gamble: Taking on Tech Titans in the AI Cloud Arena with Anthropic

September 25, 2023 11:29 AM / by Web3 GrandPappa

Delve into Amazon's strategic $4 billion investment in Anthropic and its implications as it takes on tech titans in the AI cloud domain.

Breaking News - Binance participated in MiCA discussion with European Banking Authority

Breaking News - Binance participated in MiCA discussion with European Banking Authority

September 21, 2023 11:32 PM / by Web3 GrandPappa

Binance said that some of the conversation centered on whether stablecoin operators can get a grace period when applying for Electric Money Institution (EMI) licenses in compliance with MiCA,

Step into the gaming future with Vave Platform! 🎮

Step into the gaming future with Vave Platform! 🎮

September 20, 2023 11:55 PM / by Web3 GrandPappa

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SEC Escalates Battle With Binance.US As The Agency Requests Court

SEC Escalates Battle With Binance.US As The Agency Requests Court

September 18, 2023 10:21 PM / by Web3 GrandPappa

The U.S. Securities and Exchange Commission (SEC) remains resolute in its pursuit of action against Binance.US, intensifying