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GamePhilos Studio raises $8 million in a seed funding round


GamePhilos Studio has raised $8 million in a seed funding round. It was led by Animoca and Xterio. The seed funding round saw the participation of companies and capitalists like Chain Hill Capital, SevenX Ventures, Sanctor Capital, and many more. GamePhilos Studio will now use the funds to develop...

PayPal Enhances Crypto Offering with USD Conversion Service


Payments giant PayPal is expanding its cryptocurrency offerings with the introduction of a USD conversion service.  The new "off ramp" service enables users to seamlessly convert their digital currencies into US dollars, the company said in a recent press release. With this service, crypto wallet...

Animoca Brands secures $20 million for Mocaverse project


Animoca Brands has successfully raised $20 million by issuing new shares at a price of A$4.50 per share. The investors were offered a free connecting utility token warrant on a dollar-for-dollar basis as part of the deal. The funding will be used to accelerate Mocaverse. Aleksander Larsen,...

Fed Official: Digital Dollar Decision Still a Long Way Off


The Federal Reserve’s vice chair for supervision has affirmed that the U.S. central bank is “a long way” from making a decision on whether to issue a central bank digital currency (CBDC). The Fed official also voiced concerns regarding USD stablecoins, emphasizing that they...

Coinbase and Framework Ventures invest $5 million in Socket!


The prominent digital currency trading platform Coinbase, which also has a division for venture capital, is collaborating with the reputable blockchain company Socket. The primary objective of this partnership is to enhance the cross-chain capabilities of Coinbase’s flagship products, Base...

Stake restarts operations after $41M hot wallet exploit


Stake recently announced resuming its crypto gambling operations. The Australian-Curacaoan platform lost 41 million dollars in an exploit a  month ago. According to Stake, user funds were not affected during the exploit. Any user who lost funds while transacting during the attack will...

Stake experiences a security compromise worth $41 million


Stake has reportedly experienced a major hack for its hot wallets. This has caused the platform a loss of approximately $41 million. The malicious actor is said to have executed multiple transactions, thereby creating suspicion around the outflow of cryptocurrencies. This development was first...

DeForm manages to acquire $4.6 million in funding


DeForm, which is a startup engaged in Web3 marketing, has successfully managed to acquire for itself an amount of $4.6 million through seed funding. The lead player in the funding round was Kindred Ventures, along with contributions from Elad Gil, Scalar Capital, and some more companies. DeForm...

Cardano plunges by 14% while InQubeta presale raises over $2.4M


Cardano (ADA) has recently taken a hit as it experienced an over 14% price plunge, demonstrating the cryptocurrency market’s volatility. This drop has left investors and enthusiasts wondering about the factors behind this dip and its potential implications for the future of ADA. The crypto...

US Dollar Dominance in Global Payments Strengthens, SWIFT Data Shows


The U.S. dollar’s dominance in global payments has strengthened, according to data compiled by global financial messaging service SWIFT. The share of SWIFT FX transactions involving the U.S. dollar rose to a record 46% in July. In addition, the share of the transactions involving the Chinese yuan...

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