The latest fundraising round values the company at $8 billion. The business has joined the International Swaps and Derivative Association. Fintech giants like FalconX continue to get investments from VCs, despite the current gloomy trend in crypto markets. As part of its Series D fundraising round, FalconX, an institutional-level digital
June 23, 2022 2 mins read
Amid a brutal bear market, blockchain games are the vertical maintaining pace with the rest of the industry. Illuvium’s Galaverse and new move-to-earn ventures keep interest in this vertical alive. The crypto market’s protracted bear season is affecting the dapp business, which is having its own difficulties. For the first
June 21, 2022 14 mins read
Meta’s avatars on Facebook, Instagram, and Messenger can purchase digital designs. Mark Zuckerberg is most likely referring to Meta’s main metaverse program. Meta has announced the creation of a designer digital clothes shop where users will be able to buy items for their metaverse avatars with real money. Users will
June 21, 2022 2 mins read
Donations were made in March to the Ukrainian crypto fund with CryptoPunk #5364. The NFT was sold to an unidentified bidder for 90 ETH on Thursday. Over $100,000 has been collected for Ukraine’s military effort against Russia via the sale of a donated CryptoPunk NFT, the government of Ukraine stated.
June 21, 2022 2 mins read
Eurosystem Centre will examine various cryptographic options and evaluate them. The BIS Innovation Hub’s Hong Kong Centre will engage with the UNFCCC. BIS is launching a cryptocurrency market intelligence portal as part of the Eurosystem Centre initiative. Traditional and crypto payments are being targeted by a new set of BIS
June 20, 2022 2 mins read
Iranian authorities issued permits to 1,000 crypto miners in January this year. It was estimated that illicit miners used roughly 600 megawatts of electricity. The Iranian Ministry has decided Energy curtail the energy supplied to the country’s officially recognized crypto mining operations. According to Tehran Times, this decision will come
June 20, 2022 1 min read
Bridges to the XRPL and ETH networks will also be supported by the Root Network. Root Network’s multi-token network uses XRP as the underlying asset. With FLUF World, a worldwide creative community and NFT collectibles ecosystem, Ripple has announced the establishment of a decentralized blockchain network called the Root Network.
June 18, 2022 2 mins read
The capital would be utilized for creating web3 games and NFT-focused businesses. A 10% annual increase in the gaming industry’s market supports the idea. A new $500 million ecosystem development fund has been unveiled by Immutable, the leading NFT and gaming-focused crypto firm, in order to spur the adoption of
June 18, 2022 2 mins read
Users now have access to an NFT display picture function. Elon Musk wants to acquire Twitter and implement free expression on the network. Elon Musk, CEO of Tesla and SpaceX, said during a virtual town hall meeting that integrating digital payments on Twitter to move money back and forth makes
June 17, 2022 1 min read
The corporation began accepting crypto payments on the US website recently. Apple’s App Store and Google’s Play Store are expected to provide a free update. Users of premium watch brand Tag Heuer may now showcase their NFT collection through a new smartwatch function characteristic of such devices. Tag Heuer has
June 17, 2022 2 mins read
