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Defi Educator Says $22 Billion in ETH 2.0 Funds Won’t Be Liquid Immediately After PoS Transition
4.6.2022
As Ethereum’s transition to proof-of-stake (PoS) gets closer and the network’s hashrate taps another all-time high, the Ethereum 2.0 contract is close to nearing 13 million ether worth $22.6 billion using today’s ether exchange rates. Moreover, according to a decentralized...
Dubai Property Developer Completes Real Estate Deals Worth $50M via Crypto
4.6.2022
According to an executive with the Dubai-based DAMAC Properties, the real estate development “company has already succeeded in concluding real estate deals worth $50 million via cryptocurrencies since the beginning of this year.” The executive, however, says his company is facing...
Binance Labs Launches $500 Million Web3, Blockchain Fund
3.6.2022
Binance Labs, the venture capital arm of the leading crypto exchange, has announced the launch of a new fund that will focus its action on Web3 and blockchain technologies. The fund, which will launch with $500 million in capital, will invest in companies that take cryptocurrencies and extend their...
Kazakhstan Makes $1.5 Million From Crypto Mining Sector in Q1
1.6.2022
The government of Kazakhstan has collected $1.5 million from crypto miners in the first quarter of this year, official data shows. The money comes from a fee charged on the electricity spent to mint digital currencies, which was introduced in January. Crypto Mining Increases Budget Revenues...
Bexplus Is a Crypto Exchange With Unique Copy Trading and Demo Account You Can Trust
1.6.2022
PRESS RELEASE. Bexplus Exchange is a leading crypto derivatives trading platform offering 100x leverage futures trading on a variety of trading pairs – BTC, ETH, ADA, XRP, DOGE, etc. Bexplus doesn’t require KYC and is trusted by over two million traders from over 200 countries/regions...
South Korea to Invest $177 Million Directly in Metaverse Platforms
31.5.2022
The government of South Korea has announced it will start investing in metaverse projects directly. More than $177 million dollars will be invested to kickstart national jobs and companies in this field, according to statements made by Lim Hyesook, minister of science and information...
Old Fashion Research Launches $100 Million Latam and Emerging Markets Crypto Metaverse Fund
31.5.2022
A VC company founded by former Binance employees, Old Fashion Research, has announced the launch of a new crypto fund in the midst of the current downturn the market is facing. The fund, which will have $100 million at its disposal, will focus resources on metaverse investments and in carrying...
Esports Powerhouse Galaxy Racer Invests US$25M to Partner With $QUINT
30.5.2022
PRESS RELEASE. 30th May 2022, Dubai, United Arab Emirates: Galaxy Racer (GXR), a transmedia powerhouse focused on e-sports, content creators, music, and sports, headquartered in Dubai, is excited to reveal its partnership with, and investment in, the Quint ecosystem’s token, QUINT. Galaxy...
Free-to-Mint NFT Collection Goblintown Is Now Worth Over $50 Million
29.5.2022
A non-fungible token (NFT) collection called Goblintown is capturing millions in sales, as the NFT project has recorded $22.85 million in sales this week surpassing Otherdeed’s $20.73 million. At the time of writing, Goblintown obtained $2.26 million in sales during the past 24 hours,...
Why the Crypto Industry in Indonesia Is Set to Leapfrog Competing Markets
27.5.2022
With over 270 million people, Indonesia is the fourth-most populous country in the world and its economy is one of the largest markets in Asia. It also has a large unbanked population, a receptive regulatory environment and additional factors making it stand out for crypto adoption. In the latest...
Former Binance executives launch $100 million venture fund
26.5.2022
Old Fashion Research has been functioning since late 2021, but now officially comes out of the shadows
V Rising Adds Offline Mode, Sells 1 Million Copies
26.5.2022
I wrote about V Rising yesterday, and noted that it had sold over 500,000 copies. Well, it has now sold a lot more than that, having hit the one million mark less than a week after release.Read more
Wework Co-Founder Adam Neumann’s Crypto Project Secures $70M, Funding Round Led by A16z
25.5.2022
The co-founder of the company Wework, Adam Neumann, is behind a new crypto project called Flowcarbon and on Tuesday, the blockchain project revealed it raised $70 million from a handful of investors and was led by Andreessen Horowitz (A16z). Flowcarbon’s chief executive Dana Gibber says...
LUNA Investor Arrested for Knocking on Do Kwon’s Door After Losing $2.4 Million in Terra Crash
25.5.2022
A crypto investor has been arrested after knocking on Do Kwon’s door following the collapse of cryptocurrency terra (LUNA) and stablecoin terrausd (UST). He lost about $2.4 million and is now under investigation by the South Korean police. “I felt like I was going to die,”...
STEPN’s GMT Token Supported by Alchemy Pay for Real-World Spending
24.5.2022
PRESS RELEASE. The leading fiat-crypto payment solutions provider, Alchemy Pay (ACH) and the web3 app, STEPN (GMT), have announced a new collaboration. STEPN’s GMT token is now supported for use on Alchemy Pay’s hybrid fiat-crypto payment system that enables it to be spent at over...
How Gate․io Grew to Become One of the World’s Largest Crypto Exchanges – 9 Years Retrospective
23.5.2022
Gate.io is one of the longest running secure exchanges in the world and over time, surpassed 10 million users worldwide. To mark this milestone, the exchange is launching a rebranding and a sweepstake with $9,000,000 in prizes! Read on to find out more about what makes Gate.io such a success...
Bitmex Co-Founder Arthur Hayes Avoids Prison for Violating US Bank Secrecy Act
23.5.2022
Bitmex co-founder Arthur Hayes is not going to prison for violating the U.S. Bank Secrecy Act. Instead, the former crypto exchange CEO has been sentenced to “six months of home detention and two years of probation.” Hayes has agreed to pay a fine of $10 million. Bitmex’s Arthur...
Bitcoin Held on Trading Platforms Continues to Drop Lower, Over 68% of the Total Held by 5 Exchanges
22.5.2022
Amid the market carnage tied to Terra’s recent fallout, bitcoin sent to exchanges saw a brief spike on May 7, jumping more than 2% higher from 2.481 million to 2.532 million bitcoin. Despite the recent increase of bitcoin sent to trading platforms, the number of bitcoins on exchanges today...
Ethereum Has Destroyed $8.10 Billion in Ether, ETH Scarcity to Increase After The Merge
21.5.2022
According to current metrics, the Ethereum blockchain has burned 2.35 million ether since the implementation of Ethereum Improvement Proposal (EIP) 1559. The $8.10 billion in value was burned over the course of nine months and during the last seven days, 18,110 ether worth $34.9 million...
A16z Launches $600 Million Web3 Gaming Focused Fund
21.5.2022
A16z has launched a new fund that seeks to invest $600 million in gaming experiences including Web3 and metaverse. The fund, which seeks to build the future of the gaming industry, aims to back several startups and projects in different areas including gaming studios, the intersection of gaming...