Binance Labs, the venture capital and incubation arm of Binance cryptocurrency exchange, has led a financing round for the cross-chain protocol Multichain, previously known as Anyswap. Shortly after rebranding from Anyswap last week, Multichain has raised $60 million in a seed funding round led by Binance Labs, the firm officially announced on Dec. 21. Other participants in the raise included…
UST, one of the stablecoins of the Terra project, has become the largest stablecoin by market capitalization today, after having surpassed its Ethereum-based rival, DAI. UST is now the largest decentralized stablecoin in the market, closing a year of growth for the Terra ecosystem, which is now among the most valuable top ten cryptocurrency projects in the market. UST…
press release PRESS RELEASE. Social-fi has been the trend of the blockchain industry as of late. The concept, closely linked to the idea of co-creating, combines the terms “social” and “DeFi” to promote a diversified interactive platform for the public. Element.Black, a recent social-fi platform transforms the concept to a new level by bridging the gap between famous celebrities and…
FTX continues its path toward the sports world as it signed a partnership with Monumental Sports Entertainment (MSE) on Monday. The deal makes it so FTX US will be MSE’s exclusive crypto exchange and non-fungible token partner. FTX and Monumental Sports Entertainment to Collaborate Monumental Sports Entertainment (MSE) announced on December 20, that the organization has partnered with FTX US…
In brief Ethereum developers have released several short-lived testnets to experiment with the merge. The release of this “longer-lived public testnet” should be one of the last steps before Ethereum 2.0 is functional. Ethereum developer teams have been hard at work preparing for Ethereum 2.0, the proof-of-stake platform designed to make the blockchain’s transactions faster, cheaper, and less energy-intensive. But…
It’s been a big year for Bitcoin adoption. A handful of athletes and politicians now take a portion of their salaries in Bitcoin, El Salvador made it legal tender, and there are finally three Bitcoin future ETFs trading on the Chicago Board Options Exchange. Still, the vast majority of the volume, about 75%, gets moved from one exchange to another…
According to the CEO of Instagram, Adam Mosseri, the social media application is looking into non-fungible token (NFT) technology. During an ask-me-anything (AMA) session on Instagram, Mosseri said that the company wants to make NFTs “more accessible to a wider audience.” Instagram CEO: ‘We Are Definitely Actively Exploring NFTs’ Following the firm’s parent company Facebook transforming itself into Meta, Instagram’s…
Looking at the Bitcoin chart from a weekly or daily perspective presents a bearish outlook and it’s clear that (BTC) price has been consistently making lower lows since hitting an all-time high at $69,000. Bitcoin/USD on FTX. Source: TradingView Curiously, the Nov. 10 price peak happened right as the United States announced that inflation has hit a 30-year high, but,…
It looks like Christmas has come early for Gwyneth Paltrow fans: The Hollywood A-lister today announced she’s giving away $500,000 in Bitcoin to Instagram and Twitter followers. “I’ve long been bullish on the idea of democratizing Bitcoin and making it easy to send it to friends and family,” she said on Instagram, adding that her gifting the asset to fans…
This weekend, Polkadot achieved a new milestone in its roadmap for increasing the scalability of its network. The first parachains—run by Acala Network, Moonbeam, Parallel Finance, Astar, and Clover—went live on the Polkadot network. A parachain is a kind of individual, sovereign blockchain running on top of Polkadot. Polkadot aims for efficiency so that transactions don’t compete against all other…
