Sonic, the first gaming L2 infrastructure to debut on Solana, has secured $12 million in a recent Series A round headed by BITKRAFT, with participation from Galaxy Interactive, Big Brain Holdings, and others. Mirror World Labs is a GameFi infrastructure company that has been in business for over two years,
June 18, 2024 2 mins read
Around 94 million Binance Coin (BNB) tokens, or 64% of the total supply, are reportedly owned by Changpeng Zhao (CZ), the former CEO of Binance, according to a Forbes article. A forensic investigation by Gray Wolf Analytics and the news platform showed that the Binance founding team received 80 million
June 15, 2024 2 mins read
The failure of Gemini Earn, the exchange’s lending program, led to charges of fraud, which Gemini agreed to settle for $50 million. This follows strict regulations imposed in New York on lending initiatives associated with cryptocurrency. The authorities claim that the settlement would recompense the victims of fraud and clear
June 14, 2024 1 min read
During the summer, SEC Chair Gary Gensler anticipates the approval of Ethereum spot ETF S-1s. This follows prior conjecture on the S-1 launch window. In addition to the highly anticipated Ethereum ETFs, Gensler also addressed the difficulties that decentralized finance (DeFi) presents to anti-money laundering (AML) regulations. The announcement by
June 14, 2024 2 mins read
Fhenix announces its collaboration with Privasea, a pioneer in AI + DePIN computing with an emphasis on FHEML. Through this agreement, the development of secure AI applications employing FHE will be advanced by using the experience of both Privasea and Fhenix. 1/ Today we’re thrilled to announce a partnership with @Privasea_ai, a
June 13, 2024 3 mins read
Terraform Labs has reached a $4.47 billion settlement with the U.S SEC, ending the allegations brought against it. Reuters was the first to report the settlement, which will make it the second high-profile case in the cryptocurrency industry to pay a settlement of more than $4 billion. As part of
June 12, 2024 2 mins read
The emerging entertainment studio and gaming ecosystem, Pixelverse, has concluded a fundraising round headed by tier-1 venture capital funds and well-known founders from the Web3 and gaming sectors. Over 15 million users have joined the Pixelverse gaming ecosystem in less than a month after it launched, and $5.5 million has been raised to support its
June 12, 2024 2 mins read
As the price of cryptocurrencies plummeted and liquidations increased, Bitcoin miners made the largest sell of reserves since late March 2024. Bitcoin miners’ stance on holding or selling reserves influences market patterns. There has been a severe ongoing downtrend in the cryptocurrency market, as a number of assets have taken
June 12, 2024 2 mins read
The Central Bank of Ireland has approved Crypto.com as a Virtual Asset Service Provider (VASP). Crypto.com is the industry leader in regulatory compliance, security, and privacy, with over 100 million clients worldwide. This approval comes after an extensive review of Crypto.com’s compliance record, which includes its capacity to prevent money laundering
June 11, 2024 2 mins read
Harmonic, a latest artificial intelligence protocol, was unveiled on Monday by Vlad Tenev, Robinhood’s CEO and co-founder. The new protocol seems to be an initiative by a commercial artificial intelligence research group working on Mathematical Superintelligence (MSI), as described by Tenev. Artificial intelligence and mathematical reasoning were used to create
June 10, 2024 2 mins read