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Sky Mavis Raises $150 Million in Financing Round Led by Binance to Refund Users Affected by the Ronin Bridge Exploit
9.4.2022
Sky Mavis, the company behind the play-to-earn (P2E) game Axie Infinity, announced it has raised $150 million in a funding round to replenish the funds the company lost in the Ronin Network exploit. The funding round — which was led by Binance and had the participation of companies like...
Namibian Central Bank Announces Plan to Launch CBDC
9.4.2022
Johannes Gawaxab, the governor of the Bank of Namibia (BON), has said his organization is planning to launch a central bank digital currency (CBDC). The governor, however, warns the launch might have implications for financial stability. BON Researching CBDCs The BON governor, Johannes Gawaxab...
India’s Digital Currency to Take ‘Very Calibrated, Graduated’ Approach, Says RBI Deputy Governor
9.4.2022
Reserve Bank of India (RBI) Deputy Governor T. Rabi Sankar has outlined the implications of India issuing a central bank digital currency, the digital rupee. ”I think central banks would go about it in a very calibrated, graduated manner, assessing impact all along the line,”...
There is room for the Metaverse in 2022, but the virtual space is far from perfect
9.4.2022
There is a place for the Metaverse in the world thanks to emerging technologies like NFTs, but digital worlds still have a long way to go before being implemented in daily life
Crypto-Friendly Special Economic Zone in Honduras Adopts Bitcoin as Legal Tender
9.4.2022
A crypto-friendly special economic zone in Honduras has adopted bitcoin as legal tender, allowing the cryptocurrency to be used to pay taxes and fees. In addition, bitcoin bonds can be issued within its jurisdiction using “world-class standards for AML and KYC.” Bitcoin Operates...
Russia’s Central Bank Slashes Benchmark Rate, Pegs RUB to Gold — Ruble Rebounds to Pre-War Levels
9.4.2022
Amid the Ukraine-Russia conflict, the Russian ruble has managed to rebound despite the strict sanctions imposed against the Russian Federation. The country’s central bank has taken a few steps to protect the nation’s currency as the Bank of Russia revealed a fixed price for gold...
GAIMIN Delivers a Decentralized Approach to the Increasing Requirement for More Data Processing Power
9.4.2022
With the current concerns around global energy usage, combined with increasing requirements for data processing services, many countries previously supportive of centralized data processing businesses are investigating the impact of these businesses and how they mitigate a requirement...
Web3 Security Firm Certik Raises $88 Million in Series B3 Financing Round Led by Tiger Global and Others
8.4.2022
Certik, a Web3 and blockchain auditing and security firm, has raised $88 million in its recent B3 funding round. The round, which was led by Tiger Global and included Goldman Sachs as an investor in the firm, gives the company a valuation of $2 billion. This doubles the valuation that Certik...
GOP Policy Arm Releases Paper Exploring Benefits, Risks of Crypto
8.4.2022
The policy arm of the Senate Republicans has issued a policy paper on crypto, signaling that the GOP is making its way toward a more unified approach to crypto regulation
The Meaning of Miami's Castrated Bitcoin Bull
8.4.2022
Wax Studio’s Blockchain Brawlers Game Earns $357M in First Week
8.4.2022
Wax Studios says its new P2E game is more secure than Axie Infinity issues and hopes to best it on cost of entry, too
Market Wrap: Cryptos Waver as Speculators Lose Interest
8.4.2022
Bitcoin (BTC) and other cryptos were mixed on Friday while stocks traded flat. Open interest in the bitcoin futures market is starting to decline, which suggests uncertainty among traders about future price direction. Meanwhile, NEAR rose by 20% while WAVES declined by 10%
Don’t Expect Carefully Researched Crypto Regulations
8.4.2022
A senior researcher at the American Institute for Economic Research dissects the Biden administration’s executive order on crypto
Bank of America Strategist Warns ‘Recession Shock’ Is Coming, Analyst Says Crypto Could Outperform Bonds
8.4.2022
On Friday, Bank of America’s (BOFA) chief investment strategist Michael Hartnett explained in a weekly financial note to clients that the U.S. economy could head into a recession. The BOFA strategist’s note further detailed that cryptocurrencies could outperform bonds and stocks. BOFA...
Russians’ EU Crypto Investments Capped at 10K Euros
8.4.2022
Measures set out by the EU Friday aim to stop oligarchs circumventing financial sanctions that target conventional bank accounts
No, DeFi Is Not a Repeat of the 2008 Crisis
8.4.2022
Decentralized finance does not equal shadow banking and Too Big To Fail, says CoinDesk's chief content officer
Ethereum Rollup Arbitrum Releases Major Update
8.4.2022
The update will halve fees, increase transaction speed, and make it easier for Ethereum Virtual Machine-compatible apps to build on Arbitrum
Bitcoin Stalls Below $48K Resistance; Support at $40K-$43K
8.4.2022
Bitcoin (BTC) is stuck in a choppy trading range with support between $40K and $43K. The cryptocurrency is entering a period of seasonal strength, which could keep the recovery intact, albeit briefly
Compute North Reveals Bitcoin Miner Is Building a 300 MW Data Center in Texas
8.4.2022
The bitcoin mining operation Compute North has announced it is in the midst of constructing a 300-megawatt (MW) data center in Granbury, Texas. According to the mining firm, the data center located near Wolf Hollow Power Plant will be scalable up to 600 MW going forward. 300 MW of Capacity...
Meme Coins, Gambling and Crypto Regulation
8.4.2022
As the Biden administration develops a crypto regulation framework, one type of token could be due for particularly close scrutiny