We’ve handpicked some of the most relevant emerging stories in the crypto space to help you stay ahead of the curve.
Tesla, Blockstream and Block to develop all-solar bitcoin mining facility in Texas by end of 2022
Apr 9, 2022
Image: Getty Images
Block and Blockstream have agreed to co-finance a solar- and battery-powered bitcoin mining facility in Texas. The $12 million pilot project will be powered by Tesla’s 3.8 megawatt solar PV array and 12 megawatt-hour Megapack.
Meta plan to take a 47.5% cut on NFT sales
Apr 14, 2022
Image: Horizon Worlds
Meta (Facebook) announced that it plans to take a 47.5% cut on digital asset transactions on Horizon Worlds – the company’s virtual reality platform.
This resulted in Apple’s criticism of the commission, calling Meta out on its ‘hypocrisy’ as the social media giant previously commented that Apple’s 30% cut of in-app sales makes it challenging for creators to profit from their work.
Nexo and Gemini launch cryptocurrency credit cards
Apr 14, 2022
Settling day-to-day payments with cryptocurrencies is becoming a norm.
Nexo has officially launched a first-of-its-kind, crypto-backed Mastercard card enabling users to spend the fiat value of their digital assets like Bitcoin without having to sell them.
Crypto exchange Gemini has also launched its credit card, offering users cashback rewards in over 60 supported cryptocurrencies.
Beanstalk Farms exploited for $182 million
Apr 18, 2022
Image: Getty Images
Ethereum-based stablecoin protocol Beanstalk Farms lost all of its $182 million collateral from a security breach of its own governance proposal system.
The malicious actors created a sinkhole of funds from the protocol through a $1 billion flash loan attack that accumulate enough assets to take over 67% of the protocol’s governance and approve their own proposals.
Vietnam has launched the Blockchain Union (VBU) to support the country’s digital development
Apr 24, 2022
The Vietnam Blockchain Union (VBU) was unveiled at a ceremony held by Vietnam Digital Communications Association (VDCA) in Hanoi on April 21. The newly formed entity aims to accelerate the adoption of blockchain technology and aid the efforts of local cryptocurrency projects.
Dogecoin (DOGE) jumped 27% after Elon Musk acquired Twitter for $44B
Apr 26, 2022
Minutes after news of Musk’s $44 billion buyout of Twitter Inc, the centibillionaire’s favourite meme-inspired cryptocurrency Dogecoin surged to a daily high of $0.165. It has since cooled off and currently trading at approximately $0.13.
Prior to Musk’s Twitter takeover, Dogecoin’s developers also announced that they have successfully delivered a Doge transaction 100 miles from its origin without internet through radio transmission, thanks to the RadioDoge protocol, Libdogecoin and the Starlink satellite network.
Coinbase’s long-awaited NFT marketplace in beta
Apr 20, 2022
On 20 April, Crypto exchange Coinbase launched the beta version of its long-awaited NFT marketplace to a selected group of users. According to a blog post by Coinbase, its “web3 social marketplace” allows users to set up a profile, follow other accounts, and browse NFT recommendations through a personalized feed.
However, the marketplace experienced a slow week post launch, with less than 900 total transactions and approximately 73 ETH in trade volume.