The anonymous team offering tomiNET, a DAO-governed, surveillance-free alternative to the World Wide Web, raises $40 million to attract top-tier publishers and further develop the network NEW YORK–(BUSINESS WIRE)–tomi, an anonymous project led by eight big names in crypto, secures $40 million for its DAO-governed alternative internet network in a
Crypto.com, an exchange has officially declared its reception of Dubai’s VARA Minimum Viable Product (MVP) Preparatory License. Virtual Assets Regulatory Authority (VARA) is the ultimate regulation for virtual assets in the Dubai zone. The spaces include Special Development Zones and Free Zones but exclude the Dubai International Financial Centre. Proud
According to a Reuters report, Facebook parent firm Meta plans to lay off another 10,000 workers. Mark Zuckerberg, the CEO, shared the news with employees in a Tuesday email. Just a few months had passed since the company’s first wave of layoffs, during which 11,000 people lost their jobs. Meta,
With a market valuation of US$1.4 billion, Wemade Co., Ltd. (KOSDAQ:112040), one of South Korea’s top publicly listed gaming firms, has announced a strategic alliance with Space and Time (SxT), a pioneer in decentralized data storage. Under the cooperation, Wemade will be able to use the decentralized developer tools from
A month after U.S. authorities clamped down on similar offerings. Coinbase informed customers Monday that it is revising the terms and conditions of its staking service. In an email to customers on Friday. the largest cryptocurrency exchange in the United States confirmed the continuation of staking. And emphasized that clients
On Monday, authorities in Singapore announced that they had opened an investigation into Terraform Labs Pte, the firm co-founded by South Korean national Do Kwon. Terraform Labs is now operational in Singapore, with the number of active projects rising steadily. On March 6, Bloomberg reported that the Singapore Police had
Kraken, a struggling cryptocurrency exchange, is apparently edging closer to its concept of founding its own bank. The exchange has made this decision after receiving a penalty from the U.S. Securities and Exchange Commission (SEC) for failing to register its crypto asset staking programme. According to a podcast appearance by
South Korean blockchain research and data analysis service Messari has joined the ranks of crypto-focused businesses that have laid off employees in response to the current economic downturn. They let 15% of their employees go because they knew it was the best move for the company in the long term.
The New York and Federal financial regulators have rejected the largest crypto exchange Binance’s $1.2 billion assets acquisition of bankruptcy cryptocurrency lender Voyager Digital. According to a 22nd February document, regulators believed it might be discriminatory and illegal. Binance U.S resubmitted its bid on Voyager after FTX filed for Chapter
Brian Armstrong, CEO of Coinbase, a cryptocurrency exchange, has urged lawmakers to establish clear crypto regulations. In addition to Armstrong, many others have voiced their dissatisfaction with the ambiguity of U.S. crypto policy, claiming that it makes it impossible for businesses to operate within the law. Yet, Gary Gensler, head
