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MintMe.com Coin Secures 25 Million Dollars Investment Commitment From GEM Digital Limited
Belize City, Belize, 27th October, 2022, Chainwire GEM Digital Limited commits 25 Million Dollars to MintMe.com Coin. MINTME rose by over 50,000% in the last two years, and such news will only speed up its march to the top. MintMe, with over 70 000 users growing against the bear market, was built to serve as an alternative to fiat crowdfunding services. It allows users to create a unique token representing their brand or idea and have their fans and followers buy them as a means of donation. MintMe works as an electronic marketplace for these tokens, and it also has a traditional crypto exchange market within its services. Thirty developers have been working tirelessly for over a year on a new, not yet released MintMe 2.0 version. It will include many ground-...
Metacade Plans Unveiled. Why It Might Be the Next Big Thing in the Crypto Space
One of the latest tokens to hit the metaverse scene is within a play to earn gaming project called Metacade. It’s a platform that aims to be the leading hub for everything Web3, by putting the community first at its core. Social media circles have been speculating that it could become one of the best new platforms coming into the metaverse in late 2022, and in this article, we’re going to dive into why it could also be a great early investment opportunity for crypto enthusiasts. What is Play2Earn? First of all, what is Play2Earn, and why should you care? A Play2Earn (or P2E) game is one that lets players earn in-game assets that can be sold for real-world money. A game like Axie Infinity, for example, allows players to acquire Axies, which they then battle with to win Smooth Love Potion (S...
Building community resilience to crises through mutual aid and Web3
It seems that every time one turns on the TV, something, somewhere, is going catastrophically wrong. Whether it be Hurricane Ian tearing through Cuba and Florida, war raging in Eastern Europe, or floods devastating Pakistan, there has been no shortage of crises in 2022 — both natural and human-caused. And as the climate continues to warm, extreme weather events and other natural disasters are only expected to occur more frequently, which may also potentially lead to greater overall regional and global instability. In response, some groups working to build decentralized community resilience are now turning to blockchain and Web3 tools to help strengthen their initiatives. The United States experienced one of its worst natural disasters in modern history when the Category 5 Hurricane K...
Coinbase, Alameda-backed Mara launches African crypto wallet service
Some 2 million users in Nigeria and Kenya are set to be onboarded to a new cryptocurrency wallet backed by the likes of Coinbase Ventures and Alameda Research. Mara is a digital financial ecosystem project that is kickstarting its journey with the launch of a cryptocurrency wallet for signed-up users in Nigeria. A portion of the waitlist will be onboarded through an invite-only process starting on Oct. 27, followed by the onboarding of users in Kenya and Ghana. The project is backed by cryptocurrency industry heavyweights, having raised $23 million in a fundraising round headlined by Coinbase Ventures, Alameda Research, Huobi and several other investors and venture capitalists. The Mara wallet will offer cryptocurrency brokerage services through its app, allowing users to buy, send, ...
ConsenSys commits $2.4M annually to launch MetaMask Grants DAO
Blockchain technology firm ConsenSys will spend $2.4 million annually to fund its newly launched MetaMask Grants DAO aimed at driving further development of the Web3 ecosystem. The fund will be led by MetaMask employees who will manage the decentralized autonomous organization (DAO). The DAO will be responsible for issuing grants to developers working outside of ConsenSys that are building products and services within MetaMask’s ecosystem and the wider Web3 space. The project will initially run for 12 months to assess its viability and success, with the DAO processing votes and proposals publicly through SnapShot on the Codefi Activate platform. ConsenSys is committing $600,000 per quarter in an effort to drive decentralization and adoption of Web3 mechanisms and business models. MetaMask’...
Core Scientific reveals financial distress in SEC filing, says its end may be near
Bitcoin miner Core Scientific filed forms with the United States Securities and Exchange Commission (SEC) on Oct. 26 indicating that will not make payments due in late October and early November. The company blamed low Bitcoin prices, increased electricity costs, an increase in the global Bitcoin hash rate and litigation with the bankrupt crypto lender Celsius for the situation. The payments the company will skip would have gone to equipment and other financing and two promissory notes. Its creditors may decide to exercise remedies such as accelerating the debt or suing the company, it noted. Those actions, in turn, could result in “events of default under the Company’s other indebtedness agreements” and more creditor remedies against the company. It adds: “The Company anticipates that exi...
U.S. economy returned to growth last quarter, expanding 2.6 percent
Housing investment, though, plunged at a 26 percent annual pace, hammered by surging mortgage rates as the Federal Reserve raises borrowing costs to combat chronic inflation. The outlook for the overall economy has darkened. The Fed has raised interest rates five times this year and is set to do so again next week and in December. Chair Jerome Powell has warned that the Fed’s hikes will bring “pain” in the form of higher unemployment and possibly a recession. The government’s latest GDP report comes as Americans, worried about inflation and the risk of recession, have begun to vote in midterm elections that will determine whether President Joe Biden’s Democratic Party retains control of Congress. Inflation has become a signature issue for Republican attacks on the Democrats’ stewardship of...
LeBron James, Kevin Durant, Devin Booker and More Are Now Part-Owners of Mitchell & Ness
Fanatics has announced an expansion of new owners for its newly acquired Mitchell & Ness brand. Earlier this week, Fanatics owner Michael Rubin announced a list of new and familiar names to join the ownership group for the brand. Amongst those making an investment to Mitchell & Ness are major NBA and NFL players, as well as big names in the entertainment industry. LeBron James, Kevin Durant, Chris Paul, Devin Booker, CJ McCollum, James Harden, Joel Embiid, Odell Beckham Jr., Kevin Hart, Rich Paul, Rich Kleiman, Scooter Braun, Steve Stout, and DeSean Jackson are notable names that have joined the groups ownership expansion. The new group of partners together own 25% of Mitchell & Ness while Fanatics owns the remaining 75%. Fanatics partners with a long list of tastemakers and tr...
Phishing scammer Monkey Drainer has pilfered as much as $1M in ETH
An alleged phishing scammer going by the pseudonym Monkey Drainer has reportedly swiped around $1 million worth of Ether (ETH) via dubious copycat nonfungible token (NFT) minting websites this week. Well-known blockchain sleuth ZachXBT was one of the first to track and highlight the activity, outlining on Oct. 26 that: “Over the past 24 hrs ~700 ETH ($1m) has been stolen by the phishing scammer known as Monkey Drainer. They recently surpassed 7300 transactions from their drainer wallet after being around for only a few months.” “The two largest victims over the past day include 0x02a & 0x626 who collectively lost $370k from signing transactions on malicious phishing sites,” ZachXBT added. The blockchain scam investigator also went on to assert that longer term, Monkey Drainer has...
DeFi Pioneer Echoes SBF in Call for Tighter Crypto Regulations
Respected former decentralized finance (DeFi) project founder and developer Andre Cronje has resurfaced after a lengthy hiatus to call for tighter regulations on the crypto sector amid the implosion of multiple firms this year. The comments echo similar sentiments to that of FTX CEO Sam Bankman-Fried (SBF), who also called for more stringent digital asset industry standards last week, including greater consumer protections, transparency and disclosures. SBF was met with strong community pushback, however, with many people accusing the CEO of trying to monopolize or censor the DeFi space, among other things. In an Oct. 25 blog post titled “The Crypto Winter of 2022,” Cronje called for greater regulation of the sector, noting that “the recent decline of the crypto-market has shown the f...
Crypto investment firm Q9 gets provisional approval to operate in Dubai
A Hong Kong-headquartered crypto investment platform, Q9 Capital, received provisional virtual asset approval from Dubai’s Virtual Asset Regulatory Authority (VARA). The company announced its expansion to the UAE and applied for a full operating license as well. According to its press release from Oct. 27, Q9 will establish a regional hub in Dubai and start providing services to qualified investors and financial service providers once it receives a full operating license. The provisional approval from VARA gives the crypto platform the legal possibility to set up offices and provide digital asset exchange services to pre-qualified investors and financial firms. At the moment, Q9 also holds offices in Hong Kong, London and Limassol. James Quinn, a managing partner at Q9, expressed his...
NFT vending machine to make digital art more accessible at London event
Multi-chain nonfungible token (NFT) marketplace myNFT has announced it will showcase its first-ever physical NFT vending machine at this year’s NFT.London event scheduled for Nov. 2–4. The NFT platform hopes to provide an easy and accessible way for people who want to start buying and trading digital assets without needing deep knowledge of the Web3 industry. The vending machine will allow users to purchase an NFT without owning a digital wallet. Users who want to purchase an NFT through myNFT’s vending machine will need to select one of the envelopes on display, and then key in the code provided. After paying, they’ll be able to scan the QR code in the envelope, which will come with an invitation to set up a myNFT account, complete with an NFT wallet, in which they’ll receive ...
