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Metaverse Fund of $2 Billion Reduced to $800 Million by Animoca Brands

According to those acquainted with the situation, Hong Kong-based blockchain game firm Animoca Brands has scaled down its plans by another 20%, lowering its objective for its so-called metaverse fund to $800 million. In November, Animoca Brands announced that it was planning a new $2 billion Animoca Capital fund. But

March 24, 2023 1 min read

OrBit Markets Earns ISO 27001 and 27701 Certifications for Information Security and Data Privacy

SINGAPORE–(BUSINESS WIRE)–OrBit Markets, the leading institutional liquidity provider in digital asset options and structured derivatives, announced today it has achieved the ISO/IEC 27001:2013 and ISO/IEC 27701:2019 certifications for its information security and privacy management system. ISO 27001 is the international standard for information security management systems, while ISO 27701 is

March 24, 2023 2 mins read

Terraform Labs Co-founder Do Kwon Reportedly Arrested in Montenegro

Finally, on Thursday in Podgorica, Montenegro, police apprehended Do Kwon, CEO of Terraform Labs. The Montenegrin police say they have captured a person they believe is Terraform Labs’ CEO; they identify Kwon as one of the most wanted fugitives and a South Korean national. Over the last several months, law

March 23, 2023 1 min read

Radix Secures $10 Million in Private Fundraising Round Led by DWF Labs

The issuing business for the asset-focused smart contract platform Radix, Radix Tokens (Jersey), has secured $10 million in new funding. The investment gives the Radix platform a $400 million valuation and was made as part of a private capital round that was headed by DWF Labs. After acquiring the extra

March 23, 2023 1 min read

Fluidity Announces Cashback on Crypto Payment App: Request Finance

Fluidity Money, a “spend-to-earn” decentralized finance (DeFi) protocol, has partnered with Request Finance, an enterprise crypto payments app, to develop a cashback program. Regarding the Program Businesses may reward cryptocurrency-paying consumers via the cashback scheme. When businesses accept cryptocurrency payments, they also can benefit from cashback benefits. Both the sender

March 22, 2023 3 mins read

Index Launch: Remittances Play a Powerful Role in Consumers’ Financial Planning

Inaugural Global Money Transfer Index surveys 30,600 consumers in 20 countries across the Middle East, Africa and Asia Pacific Index voices consumers’ international money transfer preferences for today and tomorrow as they navigate global headwinds DUBAI, United Arab Emirates & SINGAPORE & CASABLANCA, Morocco–(BUSINESS WIRE)–As global populations navigate macroeconomic headwinds,

March 22, 2023 6 mins read

tomi Secures $40M in a Funding Round Led by DWF Labs For Its Alternative Internet

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

March 22, 2023 4 mins read

Taiwan Appoints Regulatory Body To Increase Oversight of Crypto Sector

In response to growing calls for government oversight of the cryptocurrency sector. Taiwan, officially the Republic of China (ROC) on Monday appointed its top financial regulator as the primary agency responsible for doing so. Chairman of the Financial Supervisory Commission Huang Tien-mu has said that the financial regulator would first

March 20, 2023 2 mins read

HeartX Launches Web3 Marketplace and Community Aim to Revolutionize Digital Art Industry

Central, Singapore, 20th March, 2023, Chainwire   HeartX, previously known as ArteX, a trailblazer in the digital art industry, has recently rebranded and unveiled a groundbreaking web3 marketplace and community that empowers artists, collectors, art consultants and art lovers to redefine the value of digital art. The HeartX platform provides

March 20, 2023 3 mins read