Cryptounity.news

  Bengaluru-based e-commerce giant Flipkart has launched an in-house innovation arm called 'Flipkart Labs' to explore ways to expand onto the metaverse. Walmart-backed e-commerce marketplace will test non-fungible tokens or NFTs virtual immersive storefronts and play to earn. Naren Ravula VP and Head Product Strategy and Deployment, Flipkart labs said, “One of the first areas of focus for Flipkart Labs is to collaborate with the Web 3.0 community and set the standard for commerce in the Metaverse." Web 3.0 is an impact across the e-commerce sector, said Ravula adding that it “leverages the best of latest technology like blockchain for real-world use cases that can digitally transform businesses like ours". Read full story at  https://cryptounity.news/flipkart-to-start-testing-web30-metaverse-commerce-with-innovation-lab

  Samsung Group is reportedly pursuing Asia’s first blockchain ETF in a bid to capitalize on growing demand. South Korea’s Samsung Asset Management will attempt to launch the fund sometime within the first half of 2022 on the Hong Kong Stock Exchange. It’s the first time an Asia-based ETF of its kind that includes crypto will be listed in the region. The vehicle is expected to track a basket of major blockchain tech companies. The move follows the asset manager’s acquisition of US ETF provider Amplify Holding Company in late March, in which it took a 20% stake via a special purpose vehicle. The investment arm is Amplify’s exclusive ETF partner in Asia. Samsung’s ETF is expected to closely resemble Amplify’s Block ETF-albeit under its brand which invests 80% of its net assets into equity securities of blockchain-based companies. The Block ETF’s top holdings include Coinbase, Microstrategy, Nvidia, SBI Holdings, and Galaxy Digital. Read full story at:  https://cryptounity.news/samsung-as

  Indian Finance Minister Nirmala Sitharaman states that the country's crypto policy will not be rushed. "Out intention is no way to hurt the ecosystem, or to even say that we don't need it" India's finance minister, Nirmala Sitharaman, discussed cryptocurrency regulation Wednesday at a fireside chat organized by Standford University School of Medicine. Nirmala Sitharaman said that India will not rush to finalize the country's crypto policy, and also will take an informed judgment after due considerations across multilateral fora. Sitharaman admitted that blockchain technology has the possibility to improve India's economy. "Blockchain is full of potential not just in the payments arena but also in many others." "Our intention is in no way to hurt the ecosystem, or to even say that we don’t need it, but to define for ourselves how we need them and in what ways their growth should be facilitated and how we are going to handle it." The fi

  Telegram has 550+ million active users on Telegram every month. Telegram app has rolled out crypto payments via Toncoin (TON) To access the feature. Users first need to opt in via Telegram’s official wallet Bot, which allows them to purchase cryptocurrency by bank card, exchange, and transfer to other wallets. According to the company, they can send Bitcoin (BTC) or Toncoin to other users by clicking on the “Wallet” icon in a direct message Read full story at:  https://cryptounity.news/telegram-wallet-bot-enables-users-to-send-crypto-in-app-via-revived-blockchain-project

  Blockchain security company PeackShield reported that Deus Finance was exploited approx $13.4 million. The hacker went via a familiar route by using a flash loan-assisted manipulation price oracle that "reads from the StableV1 AMM-USDC/DEI pair." Hacker managed to manipulate the price of collateral DEI and used it to borrow and drain the pool. Hacker managed to steal approx $13.4 million worth of digital assets. However, PeackShield warned that the losses for the protocol could be significantly higher. The hackers borrowed approx 800 ETH to launch the hack, all withdrawn from Tomado Cash and tunneled to Fantom via Multichain. The hacker's address currently shows that they have swapped the stolen funds for ETH and have sent them back to Tornado Cash. Read:  http://cryptounity.news/deus-finance-hacked-again-approx-13-million-stolen

  Sports and Fashion giant Nike has released its first CryptoKicks on Ethereum in partnership with RTFKT studios An average Nike CryptoKicks sneakers are selling for approx 2.5 to 3 ETH ($7,500 - $9000) The shoes known as Nike Dunk Genesis CryptoKicks, are a collection of 20,000 non-fungible tokens designed for use in the metaverse. People who have avatars in the metaverse can wear them in the virtual space. Also, it's possible to change the design of the shoes by using the "Skin Vials" collection, which goes for 0.8 ETH ($2,500) at least. The skin rarity of each vial differs, and some of the rate skins go for higher prices. CryptoKick with a rare skin vial sell for 45 ETH ($133,000) while the rarest of the collection, the Alien vial sold for 150 ETH ($449,500) RTFKT also said that it will be possible to involve the skins by completing certain online quests. Read full story at  https://cryptounity.news/nike-and-rtfkt-launches-cryptokickstheir-first-ethereum-nft-metaverse-

Two Japanese automakers Nissan and Toyota include established procedures in the Metaverse. Nissan's virtual showroom can host vehicle launches and other events, while Toyota's workspaces are being utilized to hold employee meetings. Japanese carmakers Nissan and Toyota have become the latest global corporation to join the metaverse behind a report that said the former had established a virtual showroom while the latter had created virtual workspaces. By establishing a presence in the metaverse, the two carmakers join their European counterparts Volkswagen and Mercedes Benz in producing use of the technology. According to Nikkei Asia report, Nissan has created a digital truth version of its Tokyo gallery Nissan passing which can be utilized for vehicle launches and different events. Nissan Motor Corporation said that via its invisible to Visible an extended reality interface that connects to the metaverse. it has created "limitless, opportunities for service and communicati

  San Francisco-based fintech giant Stripe declared its advance into cryptocurrency by partnering with Twitter. According to a new pilot program, Stripe will let a small group of creators send and receive payments in USDC via its payment platform, Connect creators can thus directly manage their details through the Stripe Express app. The company declared in a blog spot that Twitter will be the first company to integrate the new payment method into monetization products. The social media platform will allow creators to get their earnings on Ticketed Spaces and Super Follows immediately settled in cryptocurrency wallets. “All crypto complexity and operations” will be handled by Stripe, so Twitter won’t be in charge of storing and acquiring cryptocurrencies. The fintech firm picks the Polygon network to process all the on-chain transactions for its strengths in “low gas fees” high speed, broad wallet compatibility, and integration with Ethereum” Creators who receive funds through the prog

  Nischal Shetty and Siddharth Menon both co-founder of WazirX have left india along with their families for Dubai Shetty and Menon are CEO and COO at WazirX The Binance-operated company the largest Indian crypto exchange by volume is among the many local trading venues that had seen a sharp fall in transactions since April 1 when the new crypto taxations rules became effective. WazirX has addressed the media query in this regard with a statement that says the company is a remote-first and its executives can work from anywhere “We are a remote-first organization with employees from over 70+ locations. This gives all the company employees the option to work from anywhere, subject to their comfort and convenience unless they are required to travel officially. WazirX is headquartered in Mumbai and Bengaluru, and there is no change in any of our operating procedures. It is business as usual,” Business Today quotes from the statement in its report. Read full story at  https://cryptounity.ne

  America's giant exchange has suspended some payment services on its newly launched Indian exchange due to pressure from the local payment regulators. Coinbase has stopped payment service through the United Payments Interface (UPI) on its platform for Indian users just three days after its launch in the South Asian subcontinent. The UPI is the payment portal governed by the National Payment Corporation of India (NPCI), to use buy orders on payment method information on its website for Indian users, which Urges users to try immediate Payment Service (IMP) to place sell orders. The NPCI is a special division of the Reserve Bank of India (RBI), under the Ministry of Finance. Read full story at:  https://cryptounity.news/coinbase-suspends-crypto-payment-services-in-india-just-three-days-after-launch

  Coinbase ventures, an crypto exchange will pitching event in Bengaluru to help accelerate India’s financial inclusion goals via crypto and Web3 investment. Coinbase Ventures, a crypto exchange will pitch an event in Bengaluru to help accelerate India’s financial inclusion goals via crypto and Web3 investment. Coinbase declared a plan to invest $1 million in various Indian cryptocurrencies and Web3 via an in-person pitching event. Coinbase CEO Brian Armstong declared that the venture firm intends to tap into India’s software talent with the crypto and Web3 technologies and help accelerate India’s economic and financial inclusion goals. Read full story at  https://cryptounity.news/coinbase-ventures-in-plans-to-invest-in-indian-crypto-and-web3-amid-tax-regulation-clarity

  Rapper Snoop Dogg will release unreleased music and limited edition pitches as NFT on the Cardano blockchain. American rapper Snoop Dogg has partnered up with Clay Nation to publish some NFT on the Cardano blockchain. Snoop Dogg and Charles Hoskinson hold Twitter spaces as the new Cardano NFT drop is revealed. "Iconic collectibles, unreleased music, and limited edition pitches" are set to be released through clay nation, a Cardano-based platform. The Surreal meeting between the American rapper and the Cardano founder comes as Snoop unveils a new partnership with an NFT collection. Check full story at:  https://cryptounity.news/snoop-dogg-to-publish-his-unreleased-music-on-cardano-blockchain-as-nft

The Discord server of the famous Bored Ape Yacht Club NFT collection was compromised by hackers today. The compromise was confirmed by the BAYC team on Twitter. The Discord server of the famous Bored Ape Yacht Club NFT collection was compromised by hackers today. The compromise was confirmed by the BAYC team on Twitter. One of the most famous and definitely the largest NFT collections in the world by market value. got their Discord server hacked by an unknown hacker. The hacker gained access to the Discord server that hosts Bored Ape Yacht Club. Mutant Ape Yacht Club and Mutant Ape Kennei Club are all three NFT collections from YugaLabs. The team behind the Discord server confirmed the hack in a brief tweet not containing much information or any details of the hack or its modus operandi. According to security company PeckShield, the hacker managed to post phishing links in the Mutant Ape Yacht Club channel. Read full story at   https://cryptounity.news/biggest-nft-collection-bored-ape-