press release PRESS RELEASE. The latest strategic investment in emerging SocialFi startup Torum from KuCoin Labs will empower the development of a SocialFi Metaverse powered by VR and Web3.0 technologies. 4th November 2021, Kuala Lumpur, Malaysia — Following the strategic investment of Huobi Ventures and 20 other prominent crypto VCs, Torum SocialFi platform is excited to announce that the project…
In brief Serum is a decentralized exchange and liquidity provider protocol on Solana. Aleph.im says its Serum Markets data product will provide new insights into the protocol. Solana’s decentralized finance ecosystem isn’t yet as mature as Ethereum’s. But it’s getting there. And a new product for self-described “liquidity infrastructure ecosystem” Serum promises to unlock a treasure trove of data on…
Blockchain-based nonprofit organization Endaoment has raised more than $7 million for charities in its first year of operations, marking another major milestone for the rapidly growing cryptocurrency donations industry. Endaoments Donor-Advised Funds, or DAFs, have been distributed to more than 100 nonprofits over the past year, the company announced Thursday. Endaoment said it has distributed roughly 60% of donated funds…
Facing an electricity deficit largely blamed on cryptocurrency miners, Kazakhstan is trying to avoid an energy crisis this winter. The president of the country has insisted on the need to maintain power supply for the industry and population, calling for urgent legal regulation of the expanding coin minting sector. President Tokaev Calls for Legislative Regulation of Cryptocurrency Mining in Kazakhstan…
Blockchain gaming platform Enjin is establishing a new fund to support the development of the metaverse ecosystem and make it more decentralized. Enjin, a startup behind the nonfungible token (NFT)-focused blockchain Efinity, has formed a $100 million fund to support Efinity adopters as well as other related projects, the startup announced Thursday. It is now time for us to turn…
In brief Check Point Research has discovered a crypto phishing scam that has stolen at least half a million dollars. Metamask and Pancake websites have both been mimicked in the scam. Check Point Research (CPR) has discovered a massive search engine phishing campaign that has resulted in at least half a million dollars worth of crypto stolen from users. Over…
Wider adoption for nonfungible tokens (NFTs) and play-to-earn games appears on the horizon as one of the biggest names in the gaming industry sees both as the future of the industry. Speaking at an earnings call, Andrew Wilson, the CEO of the major video game company Electronic Arts (EA), said that NFT and play-to-earn games are the gaming industrys future…
In brief The man behind the infamous Twitter-Bitcoin scam attack was charged over a separate scheme yesterday. The infamous Twitter hack compromised the accounts of some of the biggest names in politics and culture. Joseph James O’Connor was charged with conspiracy to commit wire fraud, money laundering, aggravated identity theft, and conspiracy to commit computer hacking in New York earlier…
According to Iran’s main blockchain organization, authorities have been remiss in their enforcement of cryptocurrency laws. The association is concerned about the government’s inactivity, offering its help to regulators that it feels are inadequately prepared to handle such a challenging task. The head of the Iran Blockchain Association (IBA),Abbas Ashtiani, said that Iranian regulators such as the Central Bank of…
Chipper Cash, one of Africa’s biggest fintechs, recently concluded a Series C extension funding round in which it raised $150 million, a report by Techcrunch has revealed. New Investors Participate in Latest Round According to the report, this latest funding round — which was led by Sam Bankman-Fried’s FTX — comes barely six months after the fintech startup Chipper Cash…
