DraftKings kills NFT business, citing 'legal developments’

Global mobile crypto wallet provider BRD has announced a partnership with blockchain payments and infrastructure firm Wyre that will enable its United States-based customers to purchase cryptocurrencies using bank transfers. The news was revealed in a press release shared with Cointelegraph on June 13.According to the press release, U.S. customers will be able to purchase…

Before June 2021, news regarding Nayib Bukele was likely not even a blip on many crypto users’ radar screens. The Salvadoran president instead made headlines for allegations of corruption and dictator-like behavior after his party’s congressional majority sacked five members of the country’s Supreme Court and its attorney general.During the Bitcoin 2021 conference in Miami,…

The FBI will notify victims of a $1.1 million fraud scheme through NFTs after the founder pled guilty to using the funds to fund his online gambling habit. 

West Virginians have begun using a blockchain-based mobile voting app for casting absentee ballots in the upcoming midterm elections, Slate reported September 25.Citizens of West Virginia that currently live overseas have reportedly started using  a blockchain-enabled application for voting on Friday, September 21. The application — dubbed Voatz — will allow voters registered in 24…

Hacked Japanese cryptocurrency exchange Zaif has announced an official plan to provide financial support for affected customers’ assets, in an official notice posted today, October 10.As previously reported, the exchange suffered a security breach Sept. 14, resulting in total losses of cryptocurrencies worth 6.7 billion yen (around $59.7 million).At the time, Zaif operator Tech Bureau…

San Francisco-based nonprofit Kiva, a company that crowdfunds loans for financial inclusion, has launched a blockchain platform for credit history with the government of Sierra Leone.According to a Reuters report on Aug. 21, Kiva and President of Sierra Leone Julius Maada Bio jointly launched the blockchain initiative in the country’s capital. The platform will use biometric…

According to a recent report by Cointelegraph Research, the volume of nonfungible tokens (NFTs) sold this year could eclipse $18 billion. From artwork, music and in-game characters to videos and photographs, these minted certificates of ownership for digital assets on blockchains are well sought after by collectors, investors and philanthropists alike. They can also be…

Tiger Global and B Capital are the primary investors in the latest round. They join Coinbase Ventures, Accel, FMR LLC and others in backing FalconX. 948 Total views 8 Total shares FalconX, a cryptocurrency exchange focused on institutional investors, has raised $50 million from Tiger Global and B Capital Group — highlighting once again that…

Major crypto exchange Bitfinex has temporarily suspended all fiat wire deposits for the Euro, U.S. Dollar, Japanese Yen and Pound Sterling. This is according to several reports today, Oct. 11.While the exchange has not specified a reason for the suspension, it states that deposits are “expected to resume within a week.”As reported Oct. 8, the…