Crypto exchange leader Binance announced on February 19 that it will discontinue support for leveraged trading of six tokens and subscription services. According to an X post, these include BTCUP, BTCDOWN, ETHUP, ETHDOWN, BNBUP, and BNBDOWN paired with the USDT stablecoin. Six Leveraged Trading Tokens Affected Giving a timeframe for the discontinuance, the world’s largest...
On February 16, the Ministry of Economy, Trade and Industry (METI) disclosed that the Japanese cabinet has approved a proposal allowing domestic venture capitalists (VCs) to invest in Web3 startups. The legal reform will enable Japanese VCs to participate in projects issuing virtual currencies, previously limited to international investors. Japan Encourages Local VCs To Invest...
More people are using crypto in Russia than ever before, a leading Moscow-based academic has claimed. Per the Russian-language media outlet Coinspot, the comments came from Evgeny Kogan, Professor of Economic Sciences at the National Research University Higher School of Economics (HSE). Crypto in Russia: Adoption on the Rise? Kogan claimed that “interest in cryptocurrencies”...
BitRiver, Russia’s biggest industrial crypto mining firm, has announced it is building a new 100MW data center in Eastern Siberia. The firm’s BitRiver-B subsidiary has already started building the new center, officially a “data processing center for energy-intensive computing.” The company now plans to launch operations at the center “in the second half of 2024.”...
Source: DALL·EAltLayer, a rollups platform focusing on blockchain scalability, has raised $14.4 million in a strategic funding round. According to a social media post by AltLayer, the fundraising round was co-led by Polychain Capital and Hack VC, with the aim of expanding the company’s team and advancing its rollup infrastructure. Additional participants in the funding...
Source: DALL·EThe Chinese city of Shenzhen has implemented digital yuan smart contracts for car pre-payments, a collaboration with the Agricultural Bank of China. According to the local newspaper Jing Bao, the first batch of consumers successfully purchased new automobiles with digital yuan-powered smart contracts in early February. The Pingshan District Administration for Market Regulation partnered...
Get your daily, bite-sized digest of blockchain and crypto news – investigating the stories flying under the radar of today’s news. In today’s crypto news: All MetaMask Users Will Now Receive Security Alerts ELOOP is Building a Machine RWA Tokenization Platform on peaq ZKX Launches Pro Trade on Starknet for Experienced Traders __________ All MetaMask...
Mumbai, the bustling financial hub of India, has introduced a metaverse initiative aimed at showcasing its latest and upcoming city-wide infrastructure megaprojects. Dubbed the Mumbai Metropolis Metaverse, this platform offers users a captivating 3D and virtual reality (VR) experience, enabling them to explore various development initiatives across Mumbai and its neighboring cities. Mumbai Metropolis Metaverse Unveiled: A...
BlackRock, the world’s largest asset manager, has intensified its media advertising campaign for its recently launched iShares spot Bitcoin exchange-traded fund (ETF), framing the asset not merely as a currency but as a symbol of “progress.” In contrast to the flashy marketing strategies employed by its competitors, the campaign for the iShares Bitcoin ETF (IBIT)...
In an exclusive, gaming-focused interview with Cryptonews, the BLOCKLORDS game CEO David Johansson talked about the indestructible link between crypto and gaming. He told us how the game came to where it is today, despite the obstacle; how the team utilized the circumstances in the space and the knowledge they gained to set up a...