Source: MidjourneyHong Kong-based Web3 social platform beoble has closed its seed funding round, bringing in a total of $7 million from a diverse group of investors including Hashkey, Samsung, DCG, DWF Ventures, Nomura Laser Digital, Cypher Capital, and Blockchain Founders Fund. This latest funding comes three months after their pre-seed announcement. beoble plans to utilize...
Source: Dalle-3As bullish pressure ignites, the Sui network recorded a massive spike in transactions and TVL alongside the broader crypto market. New market data from decentralized finance (DeFi) on-chain analytics firm DeFiLlama shows an uptick in volumes from different metrics in the Layer 1 network. On Feb 19, the total value locked (TVL) on the...
Source: Dalle-3Get 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: Canada’s EQ Bank Partners with Trulioo for Identity Document and Biometric Verification New Security Database Tracks Million Dollar Hacks Spot Volumes Rise for the Fourth Consecutive Month __________ Canada’s...
Source: Dalle-3Cryptocurrency investment funds recorded $2.45 billion in inflows in the last seven days as Assets Under Management (AUM) surged. A new CoinShares Digital Asset Fund Flow Report shows huge institutional flows into the cryptocurrency market last week. Largest weekly inflows into Bitcoin ETFs on record at US$2.45bnhttps://t.co/J0urqRyaWX — James Butterfill (@jbutterfill) February 19, 2024...
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...