According to a a Reuters report published on Feb. 28, American payment processors Visa and Mastercard has delayed the launch of new partnerships with crypto firms due to a series of high-profile bankruptcies in the industry that have led to increased regulatory scrutiny. The move follows a period of warming relations between payment giants and crypto firms as the popularity…
As the bear market of 2023 unfolds, the market is filled with tokens and projects on life support fighting to survive or retain value. Many of these projects, products and platforms differ from Web2 companies. They do not have focused teams to drive product-market fit (PMF). They use levers like incentives, tokens and a movement-centered approach to branding. Web3 platforms…
Term Labs has turned heads with its fixed-rate offering, landing $2.5 million to bring the product to market. Led by Electric Capital, the latest round was also joined by Circle Ventures, MEXC Ventures, Coinbase Ventures, and angel investment from a host of DeFi founders. The fresh funds will be used to build out the team’s Term Finance protocol. DeFi has been…
Wallbit, a crypto-enabled neobank, announced it would stop serving users in Venezuela after its banking partner in the U.S. called on it to do so. The platform announced this move was the direct result of the economic sanctions that the country is currently facing, and that Venezuelans outside the country would continue to be served. Wallbit to Cut Service to…
A year after Russia’s invasion, Ukraine continues working on cryptocurrency legislation, but the war has not changed its regulatory stance, according to a Kyiv official. Ukraine has continued to follow in the footsteps of the European Union in regard to adopting digital asset laws, Ukraine’s securities commissioner Yurii Boiko told Cointelegraph in an interview. Boiko said that the Ukrainian lawmakers…
sponsored Web3 gaming platform Iskra breaks into the Top 10 Games ranking list on DappRadar, the world’s leading directory for decentralized apps or dApps, in a promising start for the project in 2023. Iskra also reached another milestone as the #1 app on the Klaytn blockchain after seeing an impressive increase in their user activity that reached a new high…
The supply of wrapped Bitcoin (wBTC) dropped to its lowest since May 2021 after the second-largest single-day burn on Feb. 27. A total of 11,500 WBTC worth about $260 million linked to now-bankrupt crypto lender Celsius was burned, turning its growth rate to negative. The current total supply of the wrapped token is 164,396 WBTC, with a monthly growth rate…
The supply of wrapped Bitcoin (wBTC) dropped to its lowest since May 2021 after the second-largest single-day burn on Feb. 27. A total of 11,500 WBTC worth about $260 million linked to now-bankrupt crypto lender Celsius was burned, turning its growth rate to negative. The current total supply of the wrapped token is 164,396 WBTC, with a monthly growth rate…
Ethereum is another step closer to its next major upgrade dubbed Shanghai. The Shanghai-Capella, simply called Shapella, upgrade was activated at epoch 56832 at 4:04 AM UTC as scheduled and finalized at 4:17 AM UTC on February 28. This specific test run tested one of the key Ethereum Improvement Proposals (EIPs), that of withdrawing staked Ethereum from the network. Since…
Several Japanese tech and finance giants have signed a document to create the Japan Metaverse Economic Zone, a multipurpose virtual universe that will have its base in a platform called Ryugukoku. The virtual world will allow these companies to share their technology with users as it lets them roam this role-playing-game-like world as online avatars. Japan Goes Big on Metaverse…
