Cryptounity.news

Tinder is an online dating and geosocial networking application giant Match group that has expressed different modifications to its management team and disappointing second-quarter revenue. Tinder CEO Renate Nyborg expressed that heavy investments in the metaverse will now need to stop. Tinder's first foray into Web3-related research and metaverse development was previously envisioned by the exec. She unveiled the ambitious Tinderverse project after acquiring a video AI and augmented reality firm the CEO of its parent company Bemard Kim expressed the online dating app will take things slow citing uncertainty in the space. Read full news at :  https://cryptounity.news/tinder-distances-itself-from-metaverse-after-disappointing-results

Crypto Exchange Giant Binance has partnered with Mastercard to launch a prepaid card for the residents of Argentina. Maximiliano Hinz expressed Payments are one of the first and most obvious use cases for crypto yet adoption has a lot of room to grow According to Binance, the card is expected to be widely available soon the company's efforts to further the global adoption of crypto in Argentina will be the first the region to have access to the Binance cards. Maximiliano Hinz said, Payments is one of the first and most obvious use cases for crypto yet adoption has a lot of room to grow general director of Binance in Latin America. by using the Binance card merchants continue to receive fiat and the users pay in cryptocurrency they choose. Read full news at :  https://cryptounity.news/binance-and-mastercard-will-launch-prepaid-crypto-cards-in-argentina

  retain customers, according to interim CEO Howard Schultz. Interim CEO Howard Schultz said: This will create an entirely new set of digital network effects that will attract new customers and be accretive to existing customers in our core retail stores On Tuesday Schultz expressed that  Starbucks  will soon reveal a new Web3 digital initiative that will expand upon the company loyalty program.  “This new digital Web 3-enabled initiative will allow us to build on the current Starbucks Rewards engagement model with its powerful spend-to-earn Stars approach while also introducing new methods of emotionally engaging customers.” Read full news at:  https://cryptounity.news/starbucks-teases-web3-rewards-program-to-attract-new-customers

  With a prize pool of $1 million, and the decent of global Web3 discussions, lectures, content, and relationships, Unfold 2022, intends for being the explicit Web3 incident of the year. This first-of-its-kind incident will be a crucial phase towards enhancing an insider's role as a director in the Web3 space. The theme of Unfold2022 is innovation Decentralized technologies have quickly developed beyond their economic roots. The future of the internet along with the next surge of innovations will be created on decentralized technology. Read full story at:  https://cryptounity.news/coindcx-a-first-ever-web3-incident-in-india-to-help-build-the-future-of-the-internet

Indian Crypto exchange Giant WazirX Probed in India for Alleged Money Laundering of Over $350M The Indian Ministry of Finance Confirmed on Aug 2 that crypto exchange WazirX is being investigated for money laundering and flouting forex rules in two cases. Pankaj Chaudhary Minister of State for Finance, in the Parliamentary Upper House, that the Directorate of Enforcement is looking into claims that a total of Rs 2,790 crore over $350 million was laundered through the cryptocurrency exchange WazirX. Read full news at :  https://cryptounity.news/the-indian-ministry-of-finance-confirmed-wazirx-is-being-investigated-for-money-laundering

Gucci has ramped up its Web3 industries by allowing crypto nerds to purchase its products with ApeCoin in its stores. Italian fashion giant Gucci has become the first major brand to accept payments in the form of the Bored Ape Yacht Club-affiliated ApeCoin(APE) The move was declared on Monday and could provide the ApeCoin project with significant mainstream exposure along with bringing further utility to the cryptocurrency. Gucci customers in the United States will now be able to purchase items in-store with APE. while the payment infrastructure will be provided by BitPay. a firm that has supported big names such as AMC Theaters accept crypto payments in the past. Read full news at :  https://cryptounity.news/gucci-becomes-first-major-brand-to-accept-apecoin-payments

The cross-chain bridge Nomad was attacked and hackers managed to siphon $190 million from the protocol draining a great majority of the funds. The Nomad cross-chain bridge attack was the third biggest crypto heist in 2022 as well as the ninth largest of all time. Cross-Chain bridges in the world of DeFi after being audited on August 1, 2022, the cross-chain bridge Nomed suffered an attack that saw the bridge lose $190 million in crypto funds. Read full news at :  https://cryptounity.news/cross-chain-bridge-nomad-exploited-190-million