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Polygon seeks to bridge crypto and gaming

Blockchain protocol and network Polygon has released $10,000 in funds for a series of tournaments, including an esports tournament based on NFT trading card game SkyWeaver. To make the most of its investments, Polygon has teamed up with Community Gaming, a platform...

Sportsbet.io sponsors São Paulo FC

Leading crypto sports gambling operator Sportsbet.io has expanded its reach in Brazil through a new partnership with São Paulo FC. Under the terms of the deal, Sportsbet.io will be the club's main sponsor through the end of the 2024 season. This adds to a lengthy list...

Brits more confident in crypto than stocks

Investment firm AJ Bell has discovered that crypto is fast becoming a more appealing option than stocks and shares in Britain. A survey found that 7% of British adult respondents had bought crypto in the past year. That number exceeded the number of people who...

Do US lawmakers see blockchain as a ‘financial 9/11’?

Republican congressman Ted Budd has outed fellow legislators as being overly cautious of blockchain and cryptocurrencies, with some going as far as to regard the technology a "financial 9/11”, according to Budd. Speaking at the Maker Speaker Series, the member of the...

Bitcoin hash rate on the rise

More than a month after China cracked down on Bitcoin and crypto mining at home, the global network seems to be recovering with hash rate going up once again. Based on analytics company YCharts data, Bitcoin has reached 115.71 EH/s as of July 27. While the hash rate...

Anchorage to store seized digital currencies

The US Department of Justice's (DoJ) Marshals Service has awarded a $6.6m contract to crypto custody firm Anchorage for storing seized digital assets. In a statement shared by Anchorage this week, the company said the US Marshal Service has seized significant amounts...

Bank of America says CBDCs are ‘money’

Bank of America (BoA) has become the latest financial institution to express confidence in digital currencies, and specifically central bank digital currencies (CBDCs). In a research note published on Wednesday, BoA called CBDCs a "much more effective payment system...

PayPal to roll out crypto app

PayPal has announced it is preparing to launch a crypto app that will offer consumers numerous features designed to appeal to digital currency users. During the company's Q2 2021 earnings call, CEO Dan Schulman said that the app's code has been completed and that it...

Robinhood developing product to guard against crypto volatility

Crypto and stock trading firm Robinhood is eying ways to remove volatility from the crypto equation or, at least, help consumers make better choices about cryptocurrencies. According to Bloomberg earlier this week, the Robinhood is trying to shield consumers from...