Toymaker Mattel is turning its virtual platform into a peer-to-peer (P2P) marketplace for collectors. The company announced the forthcoming update in a Thursday (April 20) press release, saying the Mattel Creations Virtual Collectibles Platform will begin allowing owners of Mattel virtual collectibles to display, trade...
Citi India tapped Contour to conduct its first blockchain-enabled letter of credit transaction. It was the banking giant’s first transaction using Contour, a digital trade finance network of which Citi is a founding member bank, according to a Monday (April 17) press release. Contour’s decentralized...
Event ticketing leader Ticketmaster appears poised to scale an experiment with NFTs enabling holders of certain tokens to get special access and discounts to events. As reported by crypto newsletter Decrypt on Monday (March 27), Ticketmaster announced it is enabling holders of the NFT called...
Solana-based NFT marketplace Magic Eden is laying off 22 workers amid corporate restructuring. Company CEO and Co-founder Jack Lu announced the job cuts Monday (Feb. 13) on Twitter and via a post on Magic Eden blog. He said the cuts came after the firm had...
Amazon is making its first move into the crypto industry. And the eCommerce giant is targeting non-fungible tokens (NFTs), not cryptocurrency. That’s per a Blockworks report published Thursday (Jan. 26) revealing the online retailer’s plans to launch an NFT initiative this coming spring. The report...
As the crypto industry contagion continues to spread and add casualties, bitcoin is conversely looking steady. Bitcoin, the first and most widely recognized virtual currency, is often viewed as a stand-in or proxy for the entire digital asset industry more broadly. While, admittedly, just one...
The developer of Mutant Ape Planet non-fungible tokens (NFTs) has been charged with defrauding buyers. The U.S. Attorney’s Office of the Eastern District of New York said in a Thursday (Jan. 5) press release that Aurelien Michel was arrested Wednesday (Jan. 4) and charged with defrauding the buyers...
The bitcoin miner formerly known as Riot Blockchain has rebranded itself as Riot Platforms. Riot Platforms said in a Tuesday (Jan. 3) press release that the new name reflects the fact that it is diversifying its business while remaining driven by bitcoin. Already active in...
The bitcoin network came into existence Jan. 3, 2009, spawning the cryptocurrency market industry. Among other things, the peer-to-peer (P2P) electronic cash equivalent system promised to replace fiat, revolutionize commerce on the internet, and render redundant those financial institutions (FIs) serving as trusted third-party intermediaries...