Beginning May 20, 2024, PayPal will make a change in their policy regarding Non-Fungible Token (NFT) transactions on their platform. From this date forward, buyers will no longer be covered by PayPal’s buyer protection program for NFT purchases. The company plans to modify its seller safety policy, eliminating certain protective measures for NFT deals priced … Read more
During the ongoing cryptocurrency bull market, the GameFi sector is experiencing a notable resurgence. Contrary to the sluggish progress of the past two years, GameFi initiatives are currently more dynamic, marked by an increase in new product rollouts and strategic collaborations. StepN and Adidas are teaming up for a limited-edition NFT sale on the Solana … Read more
The stock prices of Bitcoin mining businesses are dropping significantly as they prepare for the upcoming halving event. Marathon Digital Holdings, the biggest publicly traded Bitcoin mining company, along with Riot Platforms and CleanSpark, have experienced three straight days of share price drops. Marathon Digital Holdings suffered a significant loss of approximately 25% over the … Read more
To reduce traffic on the Solana network, Hardhat Chad, an anonymous figure behind the Ore project, declared an immediate stop to all mining activities. Ore, which is a blockchain initiative launched on the Solana platform, is investigating an optimal distribution method by employing a proof-of-work (PoW) token mechanism. The team behind Ore is endeavoring to … Read more
Hut 8 Mining Corporation has effectively reduced operational expenses by thirty percent at its Salt Creek mining site in Texas. This cost-cutting measure is aimed at boosting profits. The disclosure was made as the cryptocurrency industry prepares for the upcoming Bitcoin halving event, which has historically influenced mining profitability. The company managed to reduce costs … Read more