Day: August 4, 2022

Coinbase partners with BlackRock to create new access points for institutional crypto investing

According to a new blog post published on Thursday, cryptocurrency exchange Coinbase said it is partnering with BlackRock, the world’s largest financial asset manager, to provide its clients with direct access with crypto, starting with Bitcoin (BTC). Users of BlackRock’s institutional investment management platform Aladdin will receive crypto trading, custody, prime brokerage, and reporting capabilities should they also elect to sign up for Coinbase Prime. Coinbase Prime is an institutional trading solution that provides trading, custody, prime financing, staking, data and reporting services on over 300 digital assets. The service…

Bringing more women into the Metaverse

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Interest in the Metaverse is growing rapidly and fashion brands across the globe are taking note. A new report from the technology research and advisory firm Technavio found that the Metaverse will hit a market value of $50.37 billion by 2026. Findings from Technavio further show that the Metaverse in fashion market share is expected to increase by $6.61 billion from 2021 to 2026.  Given this, a number of major brands have begun participating in Web3 initiatives. For instance, Metaverse Fashion Week hosted in Decentraland this year attracted more than…

UK parliamentary group calls for submissions in new crypto asset inquiry

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The United Kingdom Crypto and Digital Assets All Party Parliamentary Group (APPG) announced Thursday its upcoming inquiry on the country’s crypto and digital asset sector. The announcement included details of the group’s plans and how interested parties can participate.  According to the statement, the inquiry will highlight various areas of engagement with crypto and digital asset space. This includes the U.K.’s current approach to regulations, plans to bolster the country’s crypto investment, central bank digital currencies (CBDCs), potential risks and the role of local regulators such as the Financial Conduct Authority…

Coinbase Stock Soars on BlackRock Partnership News

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Solana Struggles To Break Key Resistance After $5M Hack

Solana (SOL) struggles to break key resistance after it suffers a huge loss on a hot wallet hack, losing over $5M creating so much panic in the heart of many faithful.  The price of SOL looked strong in the early part of the week, trading above $40, trying to break the resistance before having an attack on some wallets drained more than $8 million from Solana users. It now struggles to break above the 50 exponential moving average (EMA) on the one-hour (1H) chart. SOL Daily Chart Analysis Solana Daily…

Cointelegraph expands to Middle East and North Africa with a new franchise

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Cointelegraph, the premier blockchain- and crypto-focused media outlet, is expanding its presence into the Middle East and North Africa (MENA) region with the help of a new franchise owner, Luna Media Corporation. Based in Dubai, Luna Media Corporation is a media holding group that aims to promote the Web3 industry through a variety of unrelated ventures and investments. The new franchise will be crucial to increasing the exposure of blockchain projects and activities in the MENA region to a global audience, according to the Tuesday announcement. Founded in 2013, Cointelegraph…

Solana’s Investigation Indicates Wallet Exploit Tied to Slope Mobile App – Altcoins Bitcoin News

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Following the Solana wallet attack, the Solana Status team updated the public and detailed that the wallet addresses affected by the breach were tied to Slope mobile wallet applications. The team further stressed that “there is no evidence the Solana protocol or its cryptography was compromised.” Solana Status Report Says Affected Addresses Were at One Point Created in Slope Mobile Wallet Applications During the last 48 hours, the Solana team has been dealing with an attack that saw thousands of Solana-based wallets compromised. At the time, Solana Labs co-founder and…