News

Japanese blockchain developer HashPort has successfully raised 1.2 billion Japanese yen (approximately $8.5 million) in a Series C funding round. The funding was led by prominent investors, including Sumitomo Mitsui Banking Corporation, The University of Tokyo Edge Capital Partners, and Japanese billionaire entrepreneur Yusaku Maezawa. With this latest investment, HashPort’s total funding now stands at

Animoca Brands, a prominent player in the blockchain gaming and Web3 space, has entered a strategic partnership with Hi, a Web3 neobanking app that offers cryptocurrency exchange services, digital banking, and unique NFT-styled debit cards. As part of this collaboration, Animoca Brands’ co-founder and executive chairman, Yat Siu, is investing $30 million in Hi’s Neobank

Former Federal Reserve policy analyst Brendan Malone, on behalf of Paradigm, released a policy paper stating that stablecoins present a lower risk compared to bank deposits. The paper highlights that stablecoins should not be equated with traditional bank deposits or money market funds. Instead, they offer distinct advantages in terms of risk exposure. The document

The NFT-optimized Palm Network is set to undergo a transformative journey as it transitions into a Polygon ZK Supernet. Palm Network, which is currently operating as an Ethereum sidechain, will progress in two stages. On August 23, it will implement a proof-of-stake (PoS) consensus mechanism, followed by a full-fledged transition to a ZK-based layer 2

Twitter’s recent rebranding to ‘X’ could lead to protracted legal disputes and substantial expenses, with potential lawsuits for trademark infringement in both the United States and international jurisdictions. According to Josh Gerben, a trademark attorney at Gerben Intellectual Property, the social media giant may face years of litigation and could spend over $100 million in

The Avalanche Foundation has recently unveiled its ambitious initiative, “Avalanche Vista,” committing $50 million to drive tokenization on the Avalanche blockchain. Tokenization, which enables the conversion of off-chain assets into digital, on-chain tokens, has been gaining momentum within the blockchain community. The primary focus of Avalanche Vista is to encourage the tokenization of various assets,

Step into a world where gaming transcends traditional boundaries, unlocking new dimensions of creativity, interaction, and opportunity. As the gaming industry continues its relentless march towards innovation, a groundbreaking project emerges, poised to revolutionize the gaming experience as we know it. Embracing cutting-edge technologies and visionary concepts, this endeavor is set to redefine the landscape

Stellar (XLM) has been closely mirroring the price gains of its counterpart, XRP, ever since the U.S. Securities and Exchange Commission (SEC) partially won its legal battle against Ripple on July 13. Following the court ruling, XLM experienced a remarkable surge, rising by over 60%. However, recent market indicators suggest that caution may be warranted,

Russia is taking significant strides towards establishing its central bank digital currency (CBDC) as President Vladimir Putin signed the digital ruble bill into law on July 24, as indicated by an official government document. The legislation is set to come into effect on August 1, 2023, with all but one rule ready for implementation. The

The recent launch of Worldcoin, a decentralized ID protocol, has sparked a flurry of mixed reactions within the cryptocurrency community. This blockchain-based digital passport platform has been met with both excitement and skepticism as people debate its centralization, privacy, and security aspects. Worldcoin debuted its native cryptocurrency, WLD, on July 24, prompting prominent exchanges such