Funds are Safe: Binance’s Secure Asset Fund Reaches $1 Billion

World’s largest crypto exchange Binance announced that its insurance fund for users, often abbreviated as SAFU, has now allocated a total of $1B. With Binance being the crypto industry leader in terms of integrity and user safety, the exchange has ensured that the emergency fund of $1 billion will be used to “safeguard” users, and […]

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Cross-Platform Solana Wallet Phantom Raises $109M.

Phantom, the wallet for DeFi and NFTs, has raised $109 million in Series B financing. Solana ecosystem’s software wallet and browser extension Phantom achieved its unicorn status after a $1.2 billion valuation. The $109 million raised as part of its developmental funding will help it expand its cross-platform capabilities even further. Paradigm, the investment firm […]

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Despite Fears of Crypto Downturn FTX Keep Gaining Momentum

FTX exchange (Bahamian-based cryptocurrency exchange) breaks the $32 billion value after the U.S.-based firm raised the same amount last week, even though everyone is fearing crypto winter. Crypto winter is a period when the prices drop without recovery for one year. On Monday, the owner and operator of Sam Bankman-Fried’s crypto exchange FTX revealed that […]

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Warner Music Partners Up with OneOf for Music Artist NFT Project

Art-based digital asset platform OneOf will be creating NFTs for music artists who are part of the Warner Music Group. The music industry has been banking on the non-fungible token buzz for a few months now, with some celebrities even purchasing community-owned NFTs worth hundreds of thousands.  However, some artists are now attaching exclusive rewards […]

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Ubisoft Responds to Comments About New NFT Platform

Ubisoft is a French video game company. Its video game franchises include the most popular games such as Far Cry, Assassin’s Creed, Just Dance, Prince of Persia, etc. Recently, Ubisoft received backlash from gamers regarding the new NFT platform. However, the vice president at Ubisoft Strategic Innovations Lab, Nicolas Pouard, responded to the negative comments […]

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Turkish Crypto Company Bitci Sets Sights on Brazil, Spain as Potential Markets

The firm is looking into opening a trading platform in Brazil next month with plans for a Spanish expansion in March. Bitci, a Turkish crypto exchange company, hopes to start a global expansion. Chief Executive Onur Altan Tan said in an interview that Brazil and Spain are the first markets that the company has its […]

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El Salvador President Predicts Bitcoin Price Increase

Recently, Salvadoran President Nayib Bukele made a prediction on Twitter, that Bitcoin supposedly will see a “gigantic price increase”.  He backed up his insight by noting that Bitcoin has a limited supply of 21 million digital coins. This took place soon after the International Monetary Fund requested the El Salvador government to eliminate Bitcoin’s status […]

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Entain to Invest in Metaverse with Virtual Gambling and Betting

The international betting and gambling company Entain is looking to explore its options in the metaverse with a new innovation hub called Ennovate. With the metaverse barging in to replace traditional activities, it seems that betting might be the next one in line.  According to CNBC’s report, the gambling company Entain, which is based in […]

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ByteDance Trials Metaverse-Like Social Network ‘Party Island’

The parent company of TikTok has launched a new app in China that allows users to interact in a virtual community, though it denies any links to the metaverse. ByteDance, owner of the short-format video-sharing app TikTok and its Chinese counterpart Douyin, has launched a new social app in China. Paiduidao allows users to use […]

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Cyberspace Administration of China Will Speed Up Blockchain Development Across Nations

China is attempting to navigate across the country advancement over real-world usage cases. The brand-new innovation will happen throughout 164 entities and 15 zones. To make sure the strategy will be successful, there are some aspects that require to be thought about while developing a blockchain – energy, federal government information sharing, production, tax, criminal […]

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