Category : Blockchain

Blockchain

Japan’s Double Jump.Tokyo Raises $24m to Scale Blockchain Gaming Products

Double Jump. Tokyo, a rapidly growing blockchain gaming startup in Japan, announced on Wednesday that it has raised $24 million (3 billion yen) in a Series C funding round. This round of funding was led by Jump Crypto, a unit of U.S. trading group...

67% of Retail Investors See Crypto as a Trustworthy Investment, Study Shows

As a show of belief in the crypto space, 67% of retail or investors deem as trustworthy investments, while only 11% seeing them as untrustworthy, to a study by crypto exchange Bitstamp. The study was rolled out in 23 countries spread across Asia-...

Singapore Financial Regulator Says Crypto Rules Must Be Strict but Clear

Monetary Authority of Singapore Managing Director, Ravi Menon, defended Wednesday the need for strict crypto rules to assist in mitigating potential risks facing retail investors as well as the use of digital assets for money laundering and terroris...

DragonFly Capital Floats New $650m Crypto Fund

DragonFly Capital has a new Venture Capital Fund worth $650 million to continually invest in the broader digital currency ecosystem. While earlier filings with the US Securities and Exchange Commission (SEC) showed that the original target was to...

Dubai Real Estate Developer Damac Properties Accepts Crypto as Payments

Damac Properties, a major real estate development company, based in Dubai, United Arab Emirates (UAE), announced Wednesday that it would sell properties using and Ethereum as payment methods. The Dubai-based firm stated that enabling purchases of...

Gibraltar Introduces New Legislation to Combat Insider Trading and Market Manipulation

The Gibraltar Financial Services Commission (GFSC) has its regulatory guidelines for the digital currency ecosystem to include a 10th clause that addresses insider trading and market manipulation amongst crypto virtual asset service providers opera...

Cambodia Bars Using and Trading of Crypto

In Asia, the Cambodian Ministry of Finance and Economics announced on Wednesday that no-issuance and circulation of cryptocurrencies would be allowed in the country. The agency, which is responsible for the administration of financial and economic...

ByteDance Taking a Deep Dive into the Metaverse

The metaverse is a projected big place, but one whose scope is still shaping up as it is in its infancy. While many Western multinational tech firms, led by Meta Platforms Inc are pioneering the metaverse drive, TikTok’s parent company, ByteDance i...

Central African Republic Adopts Bitcoin as Legal Tender, Second Country Following El Salvador

Central African Republic (CAR) has officially Bitcoin (BTC) as a legal tender in the country. The move was ushered in with the unanimous adoption of the premier digital currency by the country’s lawmakers, who noted that the coin will now operate...

Gemini Report Shows Women Lagging Behind Men in Web3 Investments

There is a big difference between male and female Web3 investors, according to a report from cryptocurrency marketplace Gemini. The report showed that women make up only 26% of Web3 investors; and 15% of bitcoin investors, even though a 2021 study...

Oddity Tech Ltd Launches Security Token Offering to Democratize Investing

Oddity Tech Ltd., an online beauty-care retailer, based in New York, announced on Tuesday the launch of its Oddity Token, a digital security token built on the Ethereum blockchain, to provide an opportunity for accredited investors to buy shares in...

Texas City Fort Worth Becomes First Government to Mine Bitcoin in the US

The adoption of Bitcoin has become more significant at the city level in the United States. Fort Worth, a city in Texas State, announced Tuesday that it has become the first city to mine Bitcoin in the US. The city, which is ranked the 12th larges...

Robinhood Lays Off 9% Workforce, Shares drop

Robinhood is laying off 9% of its full-time workforce, CEO Vlad Tenev announced, as the shares of the company's stock hit a new low. Tenev, in a blog post, said that the lay-offs came after a headcount growth that "led to some duplicate roles and j...

Fidelity Offers Bitcoin Portfolio Options to Retirement Investment via MicroStrategy

America’s largest retirement savings plans 401(k) provider, Fidelity Investments is set to permit the allocation of some of its client's funds into Bitcoin (), a move it said was based on popular demand. As by the New York Times, the permission fo...

Coinbase NFT Partner Ox Labs Pulls $70m in Series B Funding Round

0x Labs, the blockchain startup that is in partnership with Nasdaq-listed Coinbase Exchange, has raised $70 million in a Series B funding round with Greylocks Partners at an undisclosed valuation. The details of the financing round were to Forbes...

Standard Chartered Enters The Sandbox Metaverse

Banking giant Standard Chartered has entered the metaverse with The Sandbox to build a virtual space for its clients and supporters. The UK-based multinational banking and financial services company said that its virtual land for the Hong Kong bran...

Fireblocks Adds Support for Terra-Based DeFi Services as Institutional Demand Soars

Institutional investors can now access all of the (DeFi) applications on the Terra blockchain protocol on Fireblocks, as by the firm on Tuesday. According to Fireblocks, its broad-based corporate clients have sent as much as $500 million through...

Compass Mining Publishes Guidelines for Mining Cryptocurrencies at Home

Proof-of-Work (PoW) mining is long tagged as a venture that is only profitable for institutional miners. The belief is that unless a miner has hundreds of mining machines in a specified location with access to cheap energy sources, the venture will...

FTX Taps Eventus for Global Crypto Trade Surveillance and Risk Monitoring

Eventus Systems, Inc, a Texas-based global provider of multi-asset class trade surveillance and market risk solutions, announced Tuesday that FTX.com has selected the company to offer trade surveillance and market risk management services and transa...

Crypto Firm Change Receives License from Dutch Central Bank

Change, an uprising cryptocurrency exchange based in the Netherlands, announced on Tuesday that it has obtained approval from the De Nederlandsche Bank, the Dutch Central Bank, to acquire a local investment company for providing further trading serv...

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