Dunamu, a major fintech firm in South Korea that operates crypto exchange Upbit and several other blockchain and securities platforms, is planning to invest 500 billion won ($380 million) to create about 10,000 new Web3 jobs in the next five years. The firm is reportedly considering offering specific software and funding to encourage more firms to join the Web3 industry.…
Animoca Brands, a major backer of the metaverse and NFT gaming, announced today that it had raised $75 million at a valuation of $5.9 billion, a significantly smaller raise than last year—albeit at a slightly higher valuation. The company has invested in an array of leading Web3 companies including Dapper Labs, NBA Top Shots, OpenSea, and Axie Infinity Developer Sky…
As nonfungible tokens (NFTs) continue to garner interest, the United States Patent and Trademark Office and U.S. Copyright Office are set to launch a study into their impact on intellectual property rights. The examination of NFTs comes after a request from senators Patrick Leahy and Thom Tillis in June for a deep dive into the potential ramifications the burgeoning asset…
On Monday, a phishing scam offering a fraudulent airdrop managed to rob Uniswap users of nearly $8 million in funds. The phishing scam promised a free airdrop of 400 UNI tokens (worth approximately $2,200). Users were asked to connect their crypto wallets and sign the transaction to claim the malicious airdrop. Upon connection, the unknown hacker grabbed user funds through…
sponsored With live-tested transaction speeds of 64,000 TPS, infinitely scalable blockchain Everscale is undeniably one of the fastest out there, and if H1 2022 is anything to go by, its development progress is no less rapid. Despite seriously bearish trends in the crypto market triggered in large part by the collapse of Terra’s LUNA token and UST stablecoin, and later…
Bitcoin (BTC) carried through threats of new local lows July 12 as the White House warned of “highly elevated” inflation. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView White House warns ahead of “decisive day” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD approaching $19,500 prior to the Wall Street open, down over 4% on the day. Having failed to…
It’s been a century or so since the property qualification came out of vogue, but it doesn’t seem a problem if you want to apply it to crypto and policymaking. An advisory notice released by the United States Office of Government Ethics last week states that the de minimis exemption — which allows for the owners of securities who hold…
Bitcoin (BTC) tumbled overnight, with the leading cryptocurrency dropping to levels as low as $19,621, according to data from CoinMarketCap. Last week was a bullish one for cryptocurrencies, as most ended up in the green territory. BTC had also managed to stay above its $20,000 support after weeks of waffling above and below this price. Bitcoin has this morning, however,…
In a fresh episode of the longstanding battle between the Central Bank of Russia (CBR) and the country’s Ministry of Finance, representatives of the former have criticized the latter’s idea of supporting the stablecoins, which some private investors have sought to launch in the country. According to local media, an unnamed representative of the central bank dismissed talk of Russia-based stablecoins, started last…
Welcome to part two of this series on Bitcoin and nuclear energy. Let us recap what we went through in part one before we dive deeper into the topics we’ll cover in part two. Key Takeaways From “Why Bitcoin Is The Future Of Our Energy Grid” Bitcoin has great utility and is important for humans. Not everyone may use or…
