Author: Donald Munn
Today Celsius Network filed to enter Chapter 11 and announced that it has begun a financial restructuring. Moments ago, @CelsiusNetwork filed voluntary petitions for Chapter 11 protection and announced that the company initiated a financial restructuring. https://t.co/vf5wsT6TMp — Celsius (@CelsiusNetwork) July 14, 2022 Work in progress for Celsius Network Chapter 11 is a provision of US bankruptcy law that allows companies to conduct a debt restructuring following a major financial failure. This means that the company in its current state does not have sufficient funds to repay all of its debts to its creditors, including its users, and will therefore…
The companies chosen by Disney’s 2022 acceleration program this time include Polygon’s blockchain for the development of the Web 3 ecosystem. Technology is the key focus of Disney‘s program that aims to explore new entertainment experiences, including augmented reality (AR), NFTs, artificial intelligence, and also blockchain and metaverse. General Manager of Disney‘s accelerator program, Bonnie Rosen, explained: “For nearly a century, Disney has been at the forefront of leveraging technology to build the entertainment experiences of the future. The Disney Accelerator is thrilled to be part of that legacy, and with our newest class of companies, we look forward to…
PRESS RELEASE Web3TalentFair is the first Edition of a Job Fair dedicated to the main pain of Web3’s builders, the lack of talents. The event will take place on July 22, 2022 from 2pm to 9pm at Maison de la Mutualité, 24 Rue St Victor, Paris 5, France during EthCC Week, the largest Web3 event in Europe. https://web3talentfair.tech Do you believe Web3 is the upcoming revolution? That its decentralized paradigm is changing the world for the better and is there to stay? The crypto industry accounts for 19 000 listed tokens, and creates thousands of jobs every month with an…
A university in Russia is prepared to test a blockchain-based payments system similar to the SWIFT global payment network. Russia testing blockchain to find an alternative to SWIFT Russia tests the blockchain to find a new solution to international payments Among the many sanctions imposed by the international community on Russia after the aggression against Ukraine, perhaps the heaviest is Russia’s exclusion from SWIFT payments circuits. Russia has tried to get around this measure by linking up with China and its alternative circuit. But now a Russian university may have found an equally effective and alternative tool to banking SWIFT…
The release of the ADA Pay plugin for Odoo (On Demand Open Object) was recently announced. Cardano’s new plugin is aimed at businesses Odoo is an integrated platform for medium-sized businesses used by millions of businesses to manage their operations, with several apps including ADA Pay. It is an open-source solution with over 7 million users including startups and large enterprises. We are happy to announce that an ADA Pay Plugin is now live on @Odoo! Thanks to @elpincha, merchants who own ecommerce shops and wish to receive $ADA as a payment method, can now easily add the plug-in. Read…
Binance, along with four other exchanges, is involved in a landmark lawsuit that was initiated after approval by the High Court of England and Wales. This is an exceptional case in the legal sphere, second in the world after the one handled by the New York State Supreme Court on 2 June. In fact, for the first time ever, the High Court of England and Wales has issued an order allowing English courts to use blockchain technology to deal with court proceedings. What happened and how Binance and the High Court of England were involved It all starts with some…
Last Friday, during the last trading session on the New York Stock Exchange, Twitter’s share price lost 5%. The current value, below $37, is 17% lower than the beginning of the year and 45% lower than a year ago. It is also 32% below the price of $54.2 a share that Elon Musk offered in April to take over the company. Musk’s news drives Twitter’s share price down Elon Musk news drops stock by 5% Friday’s plunge is due to news that Elon Musk has decided to stop the takeover process, withdrawing his offer. The letter sent to the SEC…
Reddit has launched the Avatar NFT marketplace on the Polygon Blockchain, to be used as a profile image. Artists will be able to create and sell their Non-Fungible Tokens, while users will be able to buy them even without having a crypto wallet. Reddit and NFT Avatar marketplace developed on Polygon Reddit opens sales to NFT Avatars created by redditors The US-based social network Reddit has launched its Avatar NFT marketplace that will give artists the ability to create and sell their Non-Fungible Tokens, and users the ability to buy them and use them as a profile picture, even without…
In today’s news about NFTs and the Metaverse, one cannot miss the new collaboration between CrossTower’s marketplace and Ripple to support Non-Fungible Tokens minted on Ledger XRPL and the arrival of Playboy on The Sandbox to build “MetaMansion”. CrossTower and collaboration with Ripple to support its NFTs CrossTower, a trading platform, enters into collaboration with Ripple for its NFT marketplace so as to integrate and support Non-Fungible Tokens minted on XRP Ledger (XRPL). Ripple Effect in full force – we’re partnering with @Ripple to make waves with #NFTs in India & around the world! Visit https://t.co/t4xhXtzvHQ#NFT #NFTCommunity #Blockchain #NftworldsNFT #NFTart…
On-chain data analytics firm, Nansen, has released a report on the performance of the NFT market during Q2 2022. To study its performance, Nansen divided the sector into six indices, consisting of a well-diversified basket of NFT collections. All performances are denominated in ETH, the currency used as the benchmark for the entire study. The performance of Nansen’s NFT indices. The construction of the indices is based on several metrics and methodologies explained on the appropriate web page. They cover all NFTs that live on the Ethereum blockchain, and their weights are calculated based on the market capitalization of the…