Terraform Labs Has Paid in Full its Taxes in South Korea, Says Do Kwon

Terraform's Do Kwon refuted reports that the company owns nearly $80 million in taxes to the South Korean government.

With The Sandbox [SAND] expanding its ecosystem, investors should know that...

“How do we make it rain at the beach?” asked the CEO of the gaming company, The Sandbox. “Well, we throw some sand dollars”, the fortune teller said. That was exactly what was done as ThThe post With The Sandbox [SAND] expanding its ecosystem, investors should know that...

CoinGecko Co-Founder Predicts More Bearish Price Action for Crypto, Says Next 12–18 Months Could Be ‘Challenging’

The crypto bear market could just be getting started, according to the co-founder of a leading crypto price-tracking company.

Freedom Protocol Has Become the Project With the Largest Amount of IDO in the Ecology of Binance Smart Chain

PRESS RELEASE. Binance is a curious company.

MicroStrategy Has No Intention To Sell Bitcoin (BTC), Says Company CFO: Report

MicroStrategy has no plans to sell its Bitcoin (BTC) despite BTC’s bearish price action across the past six months, according to the company’s chief financial officer.

Azra Games Raises $15 Million for Play-and-Earn RPG With NFTs

But the company hasn't yet decided which blockchain it will be building on.

Animoca Brands Partners with OliveX to Run Allowlist Campaign for Dustland Runner

Hong Kong-based Animoca Brands has announced a partnership with OliveX to run an allowlist campaign for Dustland Runner - the company's move-to-earn game.

Asia Broadband’s Holdings Explode by 500% as the Company Continues Connecting the Dots Between Gold and Digital Assets

Asia Broadband, Inc. (OTC:AABB) is a resource company centered around the production, supply, and sale of metals, focusing primarily on Asian markets.

Coinbase Shares Plunge as Company Reports Q1 Losses of $430M

The largest cryptocurrency exchange in the United States Coinbase has released its quarterly report and it has been a disappointing one.

Coinbase CEO has ‘never been more bullish’ even after $430M Q1 loss

“There are so many customers beating a path to our door that we have to have all hands on deck just to keep everything running,” Coinbase CEO Brian Armstrong explained on an earnings call. Cryptocurrency exchange Coinbase has disclosed its first net loss as a public company of $430 million in Q1, but CEO Brian Armstrong said on an earnings call that he’s “never been more bullish on where we are as a company.”In its first-quarter 2022 report, Coinbase disclosed that revenue had dropped 27% to $1.17 billion, down from $1.6 billion in the first quarter of 2021 and a long way off its Q4 2021 revenue of $2.5 billion.

New York digital media company the latest to add Bitcoin to balance sheet

While the purchase won’t cast a shadow on the billions worth of Bitcoin owned by other firms, the company said it could have made $1.2 million if it sold its holdings at the end of the first quarter. Townsquare Media, a New York-based digital marketing and radio station company, is the latest business to back the original cryptocurrency with its addition of $5 million worth of Bitcoin (BTC) to its balance sheet.A filing with the United States Securities and Exchange Commission (SEC) disclosing Townsquare’s purchase of Bitcoin was first picked up by Macroscope, a Twitter account that focuses on institutional trading, posted the find on Monday.In an SEC filing today, Townsquare Media (NYSE: TSQ), based in New York, stated:"During the first quarter of 2022, the Company invested an aggregate of $5.0 million in Bitcoin.

Indie Russian news firm raises $250K in crypto after sanctions cripple finances

Russian independent media Meduza has managed to raise $250,000 in funding in order to continue providing unbiased news on the war in Ukraine. A Russian independent news company has raised more than $250,000 in cryptocurrency donations from supporters in order to continue reporting independent news under a barrage of Russian government propaganda and censorship. Meduza, a Latvian-based Russian-language news site that claims to report on “the real Russia, today,” has been asking for donations since April 2021 in the form of United States dollar, euro and cryptocurrencies including Bitcoin (BTC), Ether (ETH), BNB, Tether (USDT), Monero (XMR) and Zcash (ZEC).Since publishing their donations plea, the news company has received around $250,000 in crypto donations through 146,000 individual transactions.

FCA-regulated Fasanara Capital raises $350M crypto and fintech VC fund

Venture capital continues to target crypto and fintech for funding, with Web3 emerging as a major trend in 2022. London-based asset manager Fasanara Capital has launched a $350 million investment fund to back fintech and cryptocurrency startups that can deliver new use cases for the emerging Web3 economy. The company, which manages $3.5 billion in assets, is targeting early-stage startups in the fintech and crypto spheres, where it plans to establish long-term relationships with project founders and other industry veterans.

Coinbase Shares Plunge After Company Misses Q1 Revenue, Posts $430M Loss

Coinbase missed analyst predictions in terms of both profit and revenue for Q1 of 2022.

Coinbase Execs Dismiss Talk of Robinhood Acquisition

Coinbase is undergoing its first prolonged rough patch as a public company, but executives said they have no plans to shift course.

Over 3.4m Sweatcoin Crypto Wallets Created since Launch of SWEAT Token in April

Sweatcoin has seen the creation of over 3.4 million crypto wallets via its mobile application since the SWEAT crypto token was announced by the company last month.

Fuse Labs Receives $5 Million Investment From Publicly Traded Digital Asset Firm, Tectona

May 9, 2022 – Tel Aviv, Israel Tectona, the largest publicly traded digital assets firm in Israel announced the signing of a binding agreement with Web 3.0 payments company Fuse Labs.

Meta will test digital collectibles on Instagram starting this week

According to Mark Zuckerberg, Meta was planning to “bring similar functionality to Facebook soon” and working on “augmented reality NFTs” for Instagram as well. Mark Zuckerberg, CEO of Facebook’s parent company Meta, said that the company is starting to test digital collectibles on photo and video sharing platform Instagram this week, signaling a move toward adding nonfungible tokens, or NFTs.In an interview with Impact Theory’s Tom Bilyeu published to Facebook on Monday, Zuckerberg said the move to test digital collectibles on Instagram was the first step toward allowing creators and collectors to display NFTs on other apps under Meta’s control: WhatsApp, Facebook Messenger and Facebook.

Question of centralization faces growing crypto insurance industry

Cryptocurrency insurance is expected to be a big business: Will it be centralized or decentralized? Cryptocurrency markets have been maturing over the last few years, making demand for crypto insurance solutions larger as more advanced players dip their toes into the nascent ecosystem.Investopedia reports that cryptocurrency insurance is seen as a “big opportunity,” with a spokesman from one of the world’s largest insurers, Allianz, saying that the company has explored product and coverage options in the cryptocurrency space as it becomes “more relevant, important and prevalent on the real economy.”The cryptocurrency ecosystem is still seen as dangerous and volatile, where funds aren’t completely secure even on leading cryptocurrency exchanges.

Nicehash Software ‘Fully Unlocks’ Nvidia’s Hashrate Reducing Technology

On Saturday, the cryptocurrency mining platform Nicehash revealed the company has “fully [unlocked] Nvidia’s [Lite Hash Rate]” graphic processing units (GPUs).

Robinhood Lists Grayscale’s Bitcoin and Ethereum Trusts

On May 6, the financial services company Robinhood announced the firm has listed Grayscale’s Bitcoin Trust (GBTC) and Ethereum Trust (ETHE).

US Department of Justice Charges Florida Executive Over Alleged Involvement in $62,000,000 Crypto Fraud

The US Department of Justice (DOJ) is announcing charges against the CEO of a crypto mining company for allegedly running a global investment fraud scheme.

Square Enix Closes $300 Million Sale of Western Studios to Bankroll Blockchain Pivot

Square Enix, the influential Japanese gaming and publishing company, has sold its Western studios and some of its Western intellectual properties (IPs) to Embracer Group.

Nvidia to pay $5.5M as part of SEC case concerning 'inadequate disclosures' around crypto mining

"All issuers, including those that pursue opportunities involving emerging technology, must ensure that their disclosures are timely, complete, and accurate," said Kristina Littman. The United States Securities and Exchange Commission, or SEC, has announced that it has settled charges against Nvidia — the company behind graphics cards used by many crypto miners — in regards to “inadequate disclosures.”In a Friday announcement, the SEC said that Nvidia failed to disclose that mining cryptocurrencies was “a significant element of its material revenue growth” based on sales of its graphics processing units, or GPUs, during the 2018 fiscal year.

Ready Games will help developers upgrade their games to Web3

The company will release tools to swiftly upgrade mobile Web2 games in compliance with Apple and Google app store rules. Ready Games, provider of developer and creator tools for the Web3 community, will launch a new ecosystem with the goal of incentivizing Web2 game creators to explore and switch to Web3 with minimal development time and cost while distributing games “as normal” through traditional app stores. On Friday, the company announced the launch of the ecosystem that will include the utility token AURA and a set of developer tools, specifically aimed at bringing mobile Web2 games into Web3 in compliance with Apple and Google app stores’ rules.

Mining company Argo Blockchain to Launch Flagship Mining Facility in Texas

The London-listed Bitcoin mining company Argo Blockchain will officially launch its flagship mining facility Helios in Texas next week.

Flowcarbon Partners with Celo Blockchain to Create Carbon Market Ecosystem

Climate technology company Flowcarbon has partnered with the carbon-negative blockchain Celo Foundation to create a carbon market ecosystem, which enables carbon emission credits to be traded on the Celo network in terms of token.

Web3 Gaming Platform LootRush Raises $12m in Seed Round

Web3 gaming platform LootRush has raised $12 million in seed funding led by crypto company Paradigm, aiming to make playing Web3 video games easier and more convenient for users.

Renowned Fashion Brand Gucci Diving Into Crypto, Will Accept Digital Asset Payments in Select US Stores: Report

Acclaimed fashion brand Gucci is venturing into the world of digital assets with the announcement that the company will soon begin accepting crypto payments in select stores across the US.

El Salvador’s central bank accepts Qredo's registration to provide crypto services

Registered Bitcoin service providers in El Salvador include Chivo, the firm behind the state-issued crypto wallets and kiosks, Paxos Trust Company, Paxful and OpenNode. Decentralized finance firm Qredo has received approval for registration as a Bitcoin (BTC) service provider in El Salvador.In a Wednesday announcement, Qredo said the Central Reserve Bank of El Salvador accepted the crypto firm's registration as a recognized Bitcoin service provider as laid out in the country’s Bitcoin Law.