Month: July 2023

Etihad Airways Launches Staking for Miles Through Web3 Loyalty Program Horizon Club

The original EY-ZERO1 collection granted holders exclusive benefits, including Etihad Silver Tier status for one year and access to an NFT holders’ event at the Yas Marina Circuit Formula 1 race. The new collection offers an expanded list of digital and real-world rewards, including a 12-month Etihad Guest Silver Tier Status, priority check-in, a 25% boost when earning Etihad Guest Miles, lounge access at Abu Dhabi International airport, membership to the Etihad: Virtual Club, a fast-track to go from Silver to Gold Tier status and a customized Etihad membership card.…

29 Other Meme Coins Besides BALD Rugged on Base

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Scope data on July 31 shows that 29 meme coins were launched over the weekend on Base to capitalize on the recent frenzy surrounding BaldBaseBald (BALD), a meme coin inspired by Coinbase CEO Brian Armstrong. However, all 29 meme coins have since been rugged, with the deployer exiting with over $1 million after seeding roughly $105,000 of ETH as liquidity. Base is an Ethereum layer-2 platform based on Optimism roll-up technology.  Rug Pulls On Base On July 29 and 30, there was excitement about the meme coin, BALD, as its prices exploded…

Crypto market loses $486M in July, most since 2022: Report

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The cryptocurrency market is having its worst month of 2023, according to a report from Web3 outlet De.Fi shared with Cointelegraph. Losses for July totaled $486 million, more than six times the total from 2022: Cryptocurrency losses comparing July 2022 and July 2023. Source: De.Fi The report comes on the heels of several high-profile hacks and exploits in the month of July and a flurry of legislative activity surrounding the nature of cryptocurrency and digital assets. With a current reported recovery total of only $6.15 million, nearly 99% of all…

Yuga Labs Acquiring Metaverse Startup Roar Studios

Yuga Labs, which acquired a number of non-fungible token (NFT) projects including CryptoPunks, Meebits and 10KTF, has expressed its intention to craft Otherside as a place for all of its intellectual property to converge. While still in beta, the company has been steadily teasing updates to Otherside via massive live demos it calls “Trips” available to holders of its Otherdeed NFTs. Source

Republican candidate wants to end President Biden’s supposed ‘war on Bitcoin’ if elected

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Florida Gov. Ron DeSantis has pushed a platform based partly on “economic independence” in his 2024 presidential campaign, specifically taking a stance on digital currencies.  Speaking at a campaign event in New Hampshire on July 31, DeSantis reiterated his plans of banning central bank digital currencies, or CBDCs, should he win the Republican nomination and presidential race and take office in 2025. The Florida governor added he planned to end U.S. President Joe Biden’s “war on Bitcoin and cryptocurrency” should he win the presidency. Ron DeSantis speaking at a campaign…