Blockchain developer QuickNode raises $60M at $800M valuation Blockchain development platform QuickNode has closed a $60 million funding round as part of a global expansion intended to onboard more users and developers to Web3 applications. The Series B raise, which valued QuickNode at $800 million, was led by venture capital firm 10T Fund, with participation from Tiger Global, Seven Seven Six and QED, […]
Crypto Biz: SBF’s newest Excel spreadsheet reveals all Large enterprise businesses spend tons of money keeping track of their financial dealings — think accountants, financial analysts, consultants and enterprise-grade accounting software. Sam Bankman-Fried, meanwhile, used Microsoft Excel. On Jan. 17, in another sloppy Excel spreadsheet, SBF revealed that FTX US was solvent. The Excel file purportedly showed customer balances, bank deposits and assets […]
Metaverse to bring ‘true productivity’ to industrial environments: Davos 2023 The metaverse continues to be a central talking point among leaders and decision-makers in global industries. For many, the vision of the future of the metaverse is not limited to a gamified version of reality. At the World Economic Forum (WEF) 2023 in Davos, Switzerland, a panel of experts came together to discuss a global […]
Binance registers as virtual assets service provider in Poland Cryptocurrency exchange Binance announced plans on Jan. 18 to enhance its local presence in Poland while remaining compliant with local regulations. Binance Poland sp. z o.o., Binance’s Polish entity, will adhere to Polish regulatory standards for virtual asset service providers (VASPs), which require Polish users to sign new terms and conditions with Binance Poland in order to […]
Deal Box to invest $125 million in web3 Deal Box has launched a $125 million venture arm to invest in startups in the web3 industry. Deal Box Ventures to focus on web3 sector Deal Box, a California-based capital markets consulting firm focusing on the traditional and digital securities industries, has launched a web3-focused venture arm and plans to invest $125 million in the […]
Developers blossomed in 2022 crypto winter The number of web3 developers has gone up by 5.4%, reaching over 233,000 in the last months despite the crypto market seeing a 70% decline in crypto prices. The crypto winter has had several impacts on the crypto space and other sectors. However, as of recent reports, the number of devs still increased during the […]
Crypto miner explains how Bitcoin mining stabilizes grids 2022 was “the perfect storm” for Bitcoin (BTC) miners, according to Jaime Leverton, CEO of Hut8 mining, one of the largest crypto miners and digital asset experts in the space. Leverton sat down with Gareth Jenkinson, senior reporter at Cointelegraph, in an interview at the World Economic Forum in Davos, Switzerland. Topics included were the […]
Hashkey Capital Raises $500 Million for Its Third Fund, Despite Crypto Market Downturn On Tuesday, global asset manager Hashkey, which focuses on crypto and blockchain investments, announced that it has closed its third fund at $500 million. The company’s “HashKey Fintech Investment III” is dedicated to developing crypto solutions, blockchain technology, and Web3 concepts. Hashkey Capital’s Fund III to Focus on Web3, Emerging Markets and Crypto Solutions Amid […]
Top 11 crypto market predictions for 2023 After the bull run in 2021 that saw increased crypto adoption, the crypto industry was impacted by numerous setbacks. The initial correction in 2022 started with a drop of around 20% and 31% in January alone. By November, it had declined by more than 70% from its previous peak in November 2021. Several factors contributed […]
Web3 development skyrocketed in Q4 2022 According to the latest data, web3 developer activity has skyrocketed in the last quarter of 2022, despite the challenges faced in the cryptosphere. Web3 developer activity up by 453% on Ethereum A new report by Alchemy, a web3 developer platform, revealed that developer activity across the web3 space has surged by 453% in the fourth […]
HashKey closes fund with $500m for web3 projects Today, HashKey Capital, a global asset manager focused on blockchain and cryptocurrencies, announced the successful completion of its third fund, HashKey FinTech Investment Fund III, with a commitment of $500 million. HashKey FinTech Investment, the general partner of Fund III, gained enthusiastic support from institutional investors such as family offices, businesses, and sovereign wealth funds. […]
Polygon enlists Xternity to migrate multiplayer Web3 game from Solana Ethereum layer-2 scaling solution Polygon, joined hands with Xternity, a Web3 gaming development platform, to migrate and onboard a multiplayer Web3 game — Synergy Land — to the Polygon network from Solana. As blockchain platforms, Solana focuses primarily on scalability and cost-cutting, while Polygon allows for seamless interaction with the Ethereum ecosystem. To help transfer […]
Hong-Kong investment fund raises $500M to push mass adoption in Web3 Despite the ongoing crypto winter, which has affected many businesses in the greater Web3 space, investments continue pouring into the space. On Jan. 17, the Hong Kong-based global asset manager HashKey Capital announced the closing of a $500 million investment round for its FinTech Investment Fund III. According to the company, Fund III will be […]
DMCC Crypto Centre Surpasses 500 member companies in 2022 The presence of over 500 blockchain and Web3 firms inside the Dubai Multi Commodities Centre (DMCC)’s Crypto Centre shows that demand for space is still very high, a statement has said. According to CEO at DMCC Ahmed Bin Sulayem, the “record-high” number of overall new company registrations indicates the extent of investors’ “confidence in the […]
The Easy Company secures $14.2M funding for new crypto wallet with social features The Easy Company, a startup focusing on building a consumer layer for the decentralized web, has raised $14.2 million in a seed round for its “social” crypto wallet, which seeks to help onboard more mainstream audiences into the Web3 ecosystem. As reported by TechCrunch, the seed funding round was supported by a diverse group of […]
Using blockchain technology to combat retail theft The retail industry is one of the most important sectors of the United States economy. Unfortunately, the COVID-19 pandemic has left the trillion-dollar retail sector vulnerable to in-store theft. Findings from the National Retail Federation’s 2022 Retail Security Survey show that retail losses from stolen goods increased to $94.5 billion in 2021, up from $90.8 […]
M-ventures partner Leo Zhao speaks on web3 and 2023 opportunities Leo Zhao, a venture partner at MEXC, recently spoke about Web3 trends and opportunities in 2023. He used the Box Office movie The Good, Bad, and the Ugly as the perfect analogy to describe the crypto market in 2022. Ranging from record-high inflation and the ongoing Fed interest rate increases. These financial events have led […]
StarkNet overhauls Cairo programming language to drive developer adoption Ethereum layer-2 scaling platform StarkNet has overhauled its in-house Cairo coding language to make Web3 development accessible to developers. An announcement shared with Cointelegraph outlined the upgrades to Cairo 1.0, which is touted to emulate characteristics of the popular programming language Rust. The overhaul intends to allow developers with general coding experience to begin building […]
Hong Kong lawmaker wants to turn CBDC into stablecoin featuring DeFi Hong Kong authorities are looking for new designs for a central bank digital currency (CBDC), now proposing to issue a CBDC in the form of a stablecoin backed by the government. Wu Jiezhuang, a member of the Legislative Council of the Hong Kong Special Administrative Region, believes that turning the Hong Kong digital dollar (e-HKD) […]
World Economic Forum Believes Crypto Will Remain Key Technology The World Economic Forum (WEF) has reviewed what happened in 2022 in crypto, making several predictions about the future of the ecosystem. Dante Disparte, CSO of Circle, in an article published for the WEF, states that while 2022 has been a terrible year, the building blocks of the industry will continue to be “integral parts” […]
