September 28, 2022

[ad_1] Solana ecosystem developer Coral has closed a $20 million investment round backed by some of crypto’s biggest venture funds, setting the stage for launching its new interactive wallet later this month.  The investment round was co-led by FTX Ventures and Jump Capital with additional participation from Multicoin Capital, Anagram, K5 Global and other investors, …

Solana tech developer Coral raises $20M, plans to launch ‘xNFT’ protocol Read More »

[ad_1] Institutional investment is pouring into the crypto world, notably the nonfungible token (NFT) scene. In a reaction to the influx, MetaMask Institutional announced another addition to its custodial services offerings for institutional-level clients. MetaMask’s partnership with NFT management and storage service Cobo aims to create a “one-stop platform” for large corporations dealing with digital assets. …

MetaMask adopts custodial features for NFT-hungry institutional investors Read More »

[ad_1] Thailand’s largest crypto exchange Bitkub has come under regulatory scrutiny from the country’s Securities and Exchange Commission (SEC) over falsifying and creating artificial trading volume on its platform. Thai SEC ordered legal action against the crypto exchange and two individuals alleging the crypto platform was involved in wash trading, a process where investors buy …

Crypto exchange Bitkub targeted by Thai SEC with wash trading claims Read More »

[ad_1] An Ethereum arbitrage trading bot managed to hit the jackpot and lose it all on the same day in an ironic turn of events in decentralized finance (DeFi).  In a Twitter thread, Robert Miller, who works at the research firm Flashbots, shared how a Maximal Extractable Value (MEV) bot with the prefix 0xbadc0de was …

MEV bot earns $1M but loses everything to a hacker an hour later Read More »

[ad_1] Web3 is the buzzword that’s on everyone’s lips — but when you put the mania aside for a moment, there’s a burning question that needs to be asked: Can these projects fully replace Web2… and what stands in the way of this happening?  The likes of Google and Facebook have made a killing during …

What is necessary for Web3 to fully replace Web2? Read More »

[ad_1] Crypto exchange FTX, led by crypto billionaire Sam Bankman-Fried (SBF), is reportedly considering bailing out Celsius Network by bidding on the bankrupt lender’s assets. Coincidently, the information came out the same day Alex Mashinsky resigned as the CEO of Celsius.  “I regret that my continued role as CEO has become an increasing distraction, and …

FTX reportedly considers bailing out Celsius via asset bid Read More »

[ad_1] The main cast from the cult-classic film Napoleon Dynamite are reuniting for an animated series which will be released through blockchain technology. According to a Sept. 27 report from Hollywood news outlet Deadline, the stars from Napoleon Dynamite have all signed on to voice characters in CyKo KO, an animated rendition of Rob Feldman’s …

Nifty News: Napoleon Dynamite cast reunites in Web3 animated series, Sega’s blockchain game and more… Read More »

[ad_1] A multi-jurisdictional Central Bank Digital Currency (CBDC) pilot has been marked “successful” by the Bank for International Settlements (BIS) after a month-long test phase that facilitated $22 million worth of real-value cross-border transactions. The central banks of Hong Kong, Thailand, China and the United Arab Emirates (UAE) took part in the pilot program along …

BIS marks CBDC pilot as ‘successful’ with $22M transacted Read More »

[ad_1] U.S. think tank Bitcoin Policy Institute is calling for the United States to reject Central Bank Digital Currencies (CBDCs) and look to Bitcoin (BTC) and stablecoins as alternatives.  In a whitepaper shared on Sept. 27, authors including Texas Bitcoin Foundation executive director Natalie Smolenski PhD, and former Kraken growth lead Dan Held argue CBDCs …

Bitcoin think tank: Reject CBDCs and look to BTC and stablecoins instead Read More »

[ad_1] Pantera CEO Dan Morehead highlighted the potential growth and value of Decentralized Finance (DeFi), Web3 functionality, nonfungible tokens (NFTs) and Metaverse applications in his opening keynote speech at Token2049 in Singapore. Thousands of attendees converged on Wednesday at the Marina Bay Sands Convention Center for the start of the two-day conference which features prominent …

Pantera CEO bullish on DeFi, Web3 and NFTs as Token2049 gets underway Read More »