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Indian National Payments Corporation Exec Optimistic on RBI’s CBDC Efforts
20.2.2024
Dilip Asbe said the Reserve Bank of India’s new central bank digital currency (CBDC) plans could drive the next fintech wave.
The post Indian National Payments Corporation Exec Optimistic on RBI’s CBDC Efforts appeared first on Cryptonews
Web3 Social Media Platform beoble Secures $7 Million Seed Funding From Samsung, Hashkey, and Others
19.2.2024
Hong Kong-based Web3 social platform beoble has closed its seed funding round, bringing in a total of $7 million from a diverse group of investors including Hashkey, Samsung, DCG, DWF Ventures, Nomura Laser Digital, Cypher Capital, and Blockchain Founders Fund. This latest funding comes three...
Web3 Social Media Platform beoble Secures $7 Million Seed Funding From Samsung, Hashkey, and Others
19.2.2024
Hong Kong-based Web3 social platform beoble has closed its seed funding round, bringing in a total of $7 million from a diverse group of investors including Hashkey, Samsung, DCG, DWF Ventures, Nomura Laser Digital, Cypher Capital, and Blockchain Founders Fund. This latest funding comes three...
Japanese Government Plans to Relax VC Crypto Investment Rules
19.2.2024
VC crypto investment rules could be relaxed in Japan, where the government plans to allow venture capital firms to invest in Web3 companies. Per an official release from the nation’s Ministry of Economy, Trade, and Industry, and the media outlet CoinPost, the cabinet has approved a move that could...
Telefónica Partners with Chainlink to Enhance Web3 Security Through GSMA Open Gateway
15.2.2024
Spanish Telco company Telefonica has announced a partnership with Chainlink to provide secure connections for web3 smart contracts. In a recent press release, the company highlighted plans focused on GSMA Open Gateway API security with blockchain technology at the forefront. According to...
Sushi’s Decentralized Derivatives Exchange Susa to Launch on Layer N
15.2.2024
Sushi is preparing to launch its new decentralized derivatives exchange Susa on the Layer N platform. This initiative plans to address current performance challenges in decentralized finance. According to a recent blog post by Susa, the platform intended to improve the efficiency and reliability...
Solana’s Meme Coin ‘Bonk’ Spikes 15% On Revolut Listing Report
15.2.2024
Financial technology startup and neobank, Revolut plans to list Solana-based meme coin “Bonk” on its trading platform, according to a CoinDesk report, citing a person familiar with the matter. Following the news Bonk could be listed on Revolut, the meme coin spiked and is trading up 15% in the last...
D8X Launches on Polygon zkEVM, Targets Institutional Grade Investors
14.2.2024
D8X, a cryptocurrency decentralized exchange (DEX) for derivatives has launched on Polygon’s zkEVM in a bid to provide an institutional-grade platform for investors in decentralized finance (DeFi). In a recent press release, the company announced its launch on Polygon’s zkEVM, rolling out plans...
Analog Raises $16M in Funding for Cross-Chain Project, Reaching $120M Valuation
13.2.2024
Analog has raised $16 million in the latest funding round to develop its cross-chain communication tools at a valuation of $120 million. According to a recent social media post by Analog, the funding round led by Tribe Capital has funneled $16 million to Analog. The company plans to utilize...
Japan Metaverse: City of Kochi Unveils ‘Tourism Boost’ Plans
13.2.2024
Kochi, Japan, will move into the metaverse space, with city officials sealing a web3 deal with the Philippines-based Start Lands. Per Kochi News and CoinPost, the city government signed its deal with the firm behind the Start Land metaverse project on February 7. The parties said a “virtual Kochi”...
Philippines Central Bank Eyes Bank-Mediated Non-Blockchain CBDC in Next Two Years
12.2.2024
Governor Eli Remolona of the Philippines Central Bank (BSP) has disclosed the central bank’s plans to introduce a wholesale central bank digital currency (CBDC) in the coming years. The Bangko Sentral ng Pilipinas (BSP) is optimistic about the ongoing growth of digital payment technologies...
South Korea Plans to Block Unlicensed Crypto Exchanges
12.2.2024
South Korea plans to conduct virtual asset exchange inspections to expel ineligible platforms later this year. Authorities are contemplating an advanced suspension system for suspicious transactions. This would rapidly prevent the concealment of illicit funds during all stages of the investigation...
JPMorgan: 78% of Institutional Traders Surveyed Have No Plans to Trade Crypto
10.2.2024
Global investment bank JPMorgan conducted a survey of over 4,000 institutional traders and found that 78% of them have no plans to trade crypto or digital coins, while 12% do. In addition, 61% of traders “predict artificial intelligence/machine learning as the most influential in shaping...
Layer-2 Blockchain Developer StarkWare Plans ‘Cairo’ to Verify Layer-3s
8.2.2024
Cairo, which the StarkWare and the Herodotus developer team worked on together, is a key piece of technology that verifies proofs and posts them back to the layer-2 blockchain, instead of Ethereum’s mainnet
Disney Invests $1.5 Billion in Epic Games to Create New Virtual World tied to Fortnite
8.2.2024
Entertainment giant Disney and video game developer Epic Games have joined forces to build a new immersive virtual universe tied to Fortnite. In a recent press release, Disney said it also plans to invest $1.5 billion to acquire an equity stake in Epic Games alongside the multiyear project. While...
Is Monero Doomed? XMR Plummets, Yet This Bitcoin Protocol Just Hit $10.3 Million in Funding
7.2.2024
After a tumultuous Binance announcement, the leading privacy token Monero has seen its price plummet. This XMR analysis takes a look at whether Monero is doomed to fall even further. Monero token’s huge price drop has been attributed to an announcement from Binance, which yesterday spooked...
South Korean Regulator Plans to Discuss Crypto Rules With US SEC Chair Gary Gensler
7.2.2024
South Korea’s financial watchdog chief is planning to visit the U.S. to discuss crypto regulation with the chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, with a focus on the SEC’s recent decision to approve spot bitcoin exchange-traded funds (ETFs)....
Cleanspark Expands Bitcoin Mining Operations to Mississippi With $19.8 Million Acquisition
6.2.2024
The publicly traded bitcoin mining entity Cleanspark has unveiled plans to broaden its operational footprint into Mississippi through the purchase of three fully operational bitcoin mining sites in the area. Alongside these Mississippi locations, the firm also secured a site in Dalton, Georgia...
DCG Opposes Genesis Bankruptcy Plan, Cites Favoritism to Small Group of Creditors
6.2.2024
Digital Currency Group (DCG) has opposed the bankruptcy plans of its subsidiary Genesis, arguing that it goes against the law and favors a small group of creditors. In a Feb 5 court filing, the company asked the court not to approve the Revised Plan submitted by Genesis for multiple reasons...
British Columbia Court Upholds B.C. Hydro’s Ban on Crypto Mining
6.2.2024
A provincial supreme court judge in British Columbia has deemed B.C. Hydro’s moratorium on crypto mining projects reasonable, according to a ruling posted on Monday. The moratorium, initially enacted in December 2022, faced a challenge from Conifex Timber, a forestry company diversifying into...