Coinspeaker Gate.io Bags New Operational Licenses in US, Inches Close to Launching Nationwide Services The United States arm of Gate.io, Gate US has received the “go-ahead” to start offering virtual asset services in some states within the country. According to the firm, this is a welcome development that brings it closer to launching its services […]
Xiaomi to Reduce Workforce by 10% amid China’s Prolonged COVID Battle
Coinspeaker Xiaomi to Reduce Workforce by 10% amid China’s Prolonged COVID Battle While many companies are gradually rebounding from the adverse effects of the coronavirus pandemic, others like China Xiaomi are still battling with the COVID impact as it plans to lay off 10% of its workforce. According to the South China Morning Post, the […]
Layer 2 Labs Raises $3M At Launch To Supercharge Bitcoin’s Ecosystem
The firm, led by BIP 300 and BIP 301 author Paul Sztorc, is on a mission to bring privacy, scalability and better UX solutions to Bitcoin. Layer 2 Labs is launching with the goal of scaling and building out drivechains for the Bitcoin Network. The company has closed a seed round at launch, raising $3 […]
Visa experts march ahead with new innovative ways to strengthen Web3 & Blockchain
In the present scenario, Visa has deployed a team of professional engineers and researchers who are actively engaged in putting their minds together to closely study matters related to the foundations of the different blockchains. Part of the research and analysis is based on facts related to safety and security, coupled with factors pertaining to […]
The CFDA & Sandbox partnership works towards innovative gamified fashion
The Council of fashion designers of America (CFDA) and the Sandbox have formed a formidable and mutually beneficial partnership. The primary aim and intention behind this is to effectively bring to its audience an element of pure fun and provide it with a surreal experience with the proper utilization of a creative narrative, coupled with […]
Bringing community-based solutions to crypto lending can solve trust issues
The crypto lending space is plagued with trust and security concerns, but crypto lending platform BNPL Pay offers an innovative community-based lending solution. A type of decentralized finance (DeFi) that allows investors to lend their crypto tokens in return for regular interest payments, the crypto lending space comprises both centralized and decentralized crypto entities that […]
Projects would rather get hacked than pay bounties, Web3 developer claims
After reporting and helping patch a smart contract vulnerability, the developer claims that the projects he helped started to ignore him. As hacks and exploits continue to go rampant within the crypto industry, the importance of finding vulnerabilities to prevent potential losses becomes of utmost importance. However, a Web3 developer highlighted that it’s not rewarding […]
South Korean court freezes $92M in assets related to Terra tokens
The CEO of Terraform Labs’ affiliate firm Kernel Labs reportedly held the largest amount in illegal proceeds from Terra. More than six months after the collapse of the Terra ecosystem, South Korean authorities continue to investigate and freeze the funds of persons involved in Terra. After seizing 140 billion won ($108 million) from Terra co-founder […]
Animoca Brands is the most funded metaverse developer in 2022: Nasdaq
New data from Nasdaq research revealed that over the last investors were keener to back late-stage industry leaders such as Animoca Brands compared to early-stage startups. The crypto bear market has also been called a builder’s market by many leading figures and companies in the industry. New data from Nasdaq reveals that investors had this […]
Meta Will Continue to Push Metaverse Investments in 2023 According to Head Of Reality Labs
Meta will continue to invest in VR (virtual reality) tech in 2023, according to statements made by Andrew Bosworth, head of Reality Labs, the metaverse division of the company. While Meta has made some changes and adapted to the current shaky economic atmosphere, Bosworth states that the company is still committed to its metaverse pivot. […]