‘The metaverse will empower human beings’, declares Qatar Airways

Qatar Airways announced Tuesday that it had launched its first metaverse experience, QVerse. This virtual reality platform allows interested parties can virtually visit and navigate the Premium Check-in area at the International Airport of Hamad (HIA). According to the company’s statements to Cointelegraph however, QVerse is merely the company’s first foray into the metaverse. The company said that it intends to expand its virtual environment initiatives and believes that the metaverse is part of the future of human relations. “We believe that the future is virtual. The metaverse will empower human…

Read More

Ocean Protocol, Helium and Chainlink post monthly gains while Bitcoin price consolidates

Positive price movements during bear markets are noteworthy primarily because they can help identify projects that have a good chance of surviving until the next bull cycle .  Generally, price action in June has been stagnant for a majority of the crypto market because traders are nervous about Bitcoin’s (BTC) oscillation around the $30,000 support level, but there have been a few strong performers. LINK/USDT vs. HNT/USDT vs. OCEAN/USDT 4-hour chart. Source: TradingView Data from Cointelegraph Markets Pro and TradingView shows that three of the biggest gainers in the month…

Read More

Appeals court rules Do Kwon, Terraform Labs must heed SEC subpoena served in September

The United States Court of Appeals for the Second Circuit on Thursday rejected Terraform Labs CEO Do Kwon’s dispute of a subpoena by the Securities and Exchange Commission (SEC). The federal agency was seeking documents and testimony in connection with its investigation of whether Terra used the Mirror Protocol to sell unregistered securities. Kwon was served with the subpoena in September 2021 while he was attending a conference in New York City. Kwon claimed in an October filing that the SEC had violated its own rules, the Administrative Procedure Act…

Read More

This key Ethereum price metric shows ETH traders aren’t as bearish as they appear

Ether (ETH) is down 25% in just a month and even the recent upgrade to a proof-of-stake (PoS) consensus on the Ropsten testnet failed to move the altcoin’s price.  The merge is meant to address energy-use issues and open a path for higher transaction output, but the actual full transition for the Ethereum network is not expected until later in the year. Ethereum developer Parithosh Jayanthi also noted that some bugs on the PoS implementation emerged, but those should be fixed over the coming weeks. Luckily for Ethereum, two of…

Read More

Goblintown, the Latest NFT That Has Taken Over NFT Marketplaces

The Goblintown NFT project is an NFT collection that was launched on May 22. After its launch, many have wondered who is behind the project and its rapid rise to stardom in the crypto world. With its floor price at 5.75 ETH at the time of writing, speculations have been on why the NFT keeps increasing when the prices of blue-chip NFTs are struggling.  According to data from Cryptoslam, Goblintown is one of the most traded NFTs in the past 30 days, with a trading volume of over $45 million since its…

Read More

Tether is ‘instrument of freedom’ and ‘Bitcoin onramp,’ says Bitfinex CTO

On a sun-splashed day in the Swiss Alps, the chief technology officer of Bitfinex and Tether, Paolo Ardoino, shed light on the Plan B Lugano strategy, Tether as an onramp into Bitcoin (BTC) and —crucially — his favorite pizza toppings.  Fresh off the plane from Norway, where Ardoino attended an increasingly Bitcoiner-friendly event, the Oslo Freedom Forum, the Italian explained that, in contrast to the WEF,there was no “shilling” in Norway. Tether was invited to speak at the Oslo Freedom Forum as the stablecoin is increasingly considered an “instrument of…

Read More

PayPal to Allow Users to Transfer Crypto Externally as It Expands Its Crypto Offering

One of the world’s leading payment powerhouses, PayPal, recently announced that it would allow users to transfer crypto from their PayPal accounts to external wallets or exchanges. The company’s new offering, Crypto Push, is a response to increasing customer demand for cryptocurrency transfers.  In a press release, Jose Fernandez da Ponte, the SVP and general manager of blockchain, crypto, and digital currencies at PayPal, said, “We are thrilled to announce that starting today, PayPal supports the native transfer of cryptocurrencies between PayPal and other wallets and exchanges. Users have…

Read More

Anonymous hacker served with restraining order via NFT

Law firms Holland & Knight and Bluestone have served a defendant in a hacking case with a temporary restraining order through a nonfungible token (NFT, marking the first known legal process to be facilitated by an NFT. The so-called “service token” or “service NFT” was served to an unnamed defendant in a hacking case involving LCX, a Liechtenstein-based cryptocurrency exchange that was hacked in January for almost $8 million. As Cointelegraph reported at the time, the attack compromised the platform’s hot wallets, resulting in the loss of Ether (ETH), USD…

Read More

Crypto privacy is in greater jeopardy than ever before — here’s why

Despite the latest technology, the world has yet to crack the code for privacy and security online. But that isn’t the only big problem we need to worry about. Hackers and robbers are tricking innocent users into giving up their private information as society becomes increasingly digital — and virtual currencies have a role in all of this. Cryptocurrencies smashed records in 2022, with the market topping $2 trillion for the first time ever. And while this has been greeted with excitement by current investors, it’s made others more wary.…

Read More

Jack Dorsey and Jay-Z collaborate on Bitcoin Brooklyn educational program

Legendary New York hip-hop artist and producer, Jay-Z has joined forces with the founder of Cash App, Jack Dorsey, to launch “The Bitcoin Academy,” an educational program advocating for the democratic vision that “education is power.” Exclusively available for residents of the Marcy Project public housing complex in New York City, the scheme will commence June 22 and run until Sept. 7 with options for both in-person and online attendance. The free educational program is designed to enhance access to financial information and promote inclusive opportunities. Taught by educators Lamar…

Read More