Venom Foundation, the first Layer-1 blockchain licensed by the Abu Dhabi Global Market (ADGM), has announced a cooperation with DAO Maker, a prominent blockchain growth solutions provider recognized for their Launchpad, to incubate innovative Web3 firms with an emphasis on providing real-world use cases. DAO Maker will actively contribute to
February 10, 2023 2 mins read
Initiating staking for LUNC was a long overdue move, and the crypto community has embraced KuCoin’s initiative. After delegating 48 billion LUNC in January 2023, the cryptocurrency exchange has brought back its staking function. After 47.9 billion $LUNC were allocated, KuCoin may rejoin the LUNC chain as a validator, giving
February 8, 2023 1 min read
In a recent announcement, ZeptoLab and The Sandbox declared their intent to form a strategic partnership. The organizations’ combined efforts will provide a novel Web3 ecosystem rich with novel experiences. Famous games developed by ZeptoLab include King of Thieves, Bullet Echo, Cut the Rope, and CATS: Crash Arena Turbo Stars.
February 8, 2023 2 mins read
In an all-stock transaction, Hut 8 Mining Corp. of Canada and US Bitcoin Corp. of the United States have declared their intention to merge. Thus, creating a crypto-mining behemoth in North America. Each company’s board of directors has given its stamp of approval to a corporate merger deal. The Board
February 7, 2023 1 min read
New regulations for virtual asset service providers (VASPs) in Dubai have been announced by the Virtual Asset Regulatory Authority (VARA). It is the government body in charge of regulating cryptocurrencies there. Irina Heaver, a lawyer specializing in blockchain and cryptocurrencies located in the United Arab Emirates. She has informed that
February 7, 2023 1 min read
The Financial Conduct Authority (FCA) has warned that businesses that promote cryptocurrencies outside of one of four approved channels might be subject to criminal penalties including up to two years of jail time. Any advertising under the new regulations must be produced by or with the consent of an individual
February 6, 2023 1 min read
On Monday, Binance, the biggest cryptocurrency exchange in the world, said that it will be supporting the Terra Classic (LUNC) upgrade. At block height 11,543,150, the Terra Classic (LUNC) network will be upgraded, likely on February 14th. Proposal 11310 is a part of the Joint L1 Task Force development group.
February 6, 2023 1 min read
At the StarkWare Sessions 2023, Visa’s head of crypto business Cuy Sheffield said that the corporation aims to create a “muscle memory” to settlements by enabling clients to convert digital assets to fiat currency on its platform. In a fireside discussion during the conference, Sheffield said: “We’ve been testing how
February 5, 2023 2 mins read
While in Sri Lanka this week to film an edition of his “Meet the Drapers” TV programme with local businesses, billionaire investor and venture capitalist Tim Draper allegedly sought to persuade the government and central bank to accept bitcoin. According to Bloomberg, on Tuesday the billionaire met with Sri Lankan
February 5, 2023 1 min read
Interfax reported that Moscow-based state-owned financial services provider Sberbank is developing a decentralized finance (DeFi) application. According to Konstantin Klimenko, head of products for the blockchain lab at Sberbank, the platform is now under closed beta testing. Based on Ethereum, the platform will be compatible with the Web3 wallet MetaMask.
February 4, 2023 2 mins read
