Blockchain-focused investment firm Sanctor Capital has raised $20 million to fund emerging projects in the cryptocurrency space, offering the latest evidence that venture capital continues to flood the market. The investment fund will be used to bootstrap projects in some of cryptos hottest segments, including DeFi, GameFi and cross-chain infrastructure development, Sanctor announced Tuesday. In addition to funding early-stage companies,…
Video game publisher MetalCore Foundation has unveiled a new open-world game that incorporates nonfungible tokens, or NFTs, into the gaming experience, highlighting the continued innovation underway in the GameFi sector. On Tuesday, the foundation unveiled MetalCore, a massively multiplayer combat game that combines traditional gaming with the GameFi features of blockchain technology. Developed by Studio 369, the game allows players…
The regulation of cryptocurrencies varies considerably across the globe: China has cracked down on significant amounts of crypto activity in recent months, while Japan only recently allowed specialized cryptocurrency investment funds. El Salvador, on the other hand, has accepted Bitcoin (BTC) as a legal currency. As financial centers throughout the world seek to regulate the sector, Singapore is aiming to…
Cryptocurrency exchange BitMEX has become one of the first exchanges in the sector to announce their carbon-neutral status, as well as vowing to offset emissions of all Bitcoin transactions to and from the platform. In a candid statement, the company expressed its intention to go further than merely balancing its emission output, citing a recent purchase of 7,110 tonnes of…
Ubisoft, one of the biggest gaming companies in the entertainment world, mentioned blockchain as one of the key points of focus for the future of the brand. The company said it is exploring blockchain as an innovative technology to be included in games in its latest earnings report. While blockchain’s play-to-earn trend has experienced a boom this year, the traditional…
A cryptocurrency inspired by Netflix’s internationally hit TV show “Squid Game” scammed investors in what appears to be a$3.38 million “rug pull” scheme. Dubbed “SQUID,” the cryptocurrency plunged to almost a fraction of a cent minutes after crossing over $2,850 at 09:35 UTC, Nov. 1. The deadly drop surfaced following a 75,000% bull run, showcasing a greater demand for SQUID…
Compass Mining, the one-stop-shopping online bitcoin mining and hosting service announced today that it is adding 140 megawatts (MW) to its current 30MW capacity. Compass is partnering with Red Jar Digital Infrastructure to host a new mega facility in Ontario, Canada to provide Compass miners with what the announcement says is “marking the largest amount of power ever allocated for the company’s miners at…
The President of El Salvador Nayib Bukele has announced the nation will build 20 new schools with Bitcoin profits, the Press Secretary of the Presidency’s Twitter account confirmed. The funds come from the surplus of the Salvadoran Trust for the Adoption of Bitcoin, which is currently enjoying all-time highs at above the $60,000 price mark. The announcement was made just…
The Securities and Exchange Commission (SEC) has delayed the deadline for a decision on the proposed Valkyrie Bitcoin Fund to January 7, 2022. The Commission finds that it is appropriate to designate a longer period within which to issue an order approving or disapproving the proposed rule change so that it has sufficient time to consider the proposed rule change…
The Changelly team is thrilled to provide our users with an opportunity to exchange XYM tokens. Anyone can quickly and easily exchange XYM tokens at floating rates. XYM is a utility token of Symbol, the second blockchain released by the NEM Core developers. The Symbol blockchain was designed for high security and throughput while providing extended functionality through system-level plugins.…
