Author: Crypto Insider

Spotify is reportedly testing the option to include NFT galleries on musicians’ profiles. The test is currently available to select Android users across the United States. Should the trial succeed, artists may soon be able to promote their NFTs on their profiles. Spotify, a major music streaming platform, is testing a new feature that allows…

Ethereum’s main public testnet, Ropsten, which allows for blockchain development testing before deployment on the mainnet, is estimated to undergo “the Merge” on June 8 in preparation for the main Ethereum blockchain to switch to proof-of-stake (PoS) consensus. Parithosh Jayanthi, who works in devops at the Ethereum Foundation, merged the pull request on GitHub today,…

On May 18, venture capital firm Andreessen Horowitz (a16z) announced the launch of a $600 million fund focused on metaverse games. A16z is looking to expand its reach into the gaming industry, which generated more than $300 billion last year. With the new fund, named “Games Fund One,” the team plans on investing in various…

Investors poured a record amount of $299 million into crypto assets last week, even as the collapse in TerraUSD spurred a broader market sell-off. According to Coinshares, it’s a signal that they saw the market turmoil “as a buying opportunity.” Leading cryptocurrency Bitcoin was the biggest winner, logging $299 million in weekly inflows, CoinShares said…

Trading firm Robinhood plans to roll out a new crypto wallet focused on decentralized finance (DeFi) by the end of 2022. The new custodial wallet will cater to “advanced” crypto users and live separately from the existing wallet, the firm’s Johann Kerbrat said. On May 17, Vlad Tenev, Robinhood CEO, announced the “Web3 crypto wallet”…

As the Middle East becomes a global hub in blockchain adoption, the head of the BSV Blockchain Association, Jimmy Nguyen, has presented the features of the BSV enterprise blockchain at the University of Dubai. The Association has also funded research development projects with the local universities, where students use blockchain technology. Lately, the Middle East…