5ire – a London-based layer one blockchain firm – secured a $100 million fundraiser, boosting its valuation to $1.5 billion. Becoming a Unicorn in Less Than a Year 5ire’s latest fundraiser was led by SRAM & MRAM Group (a leading international conglomerate headquartered in London). The company vowed to use the Series A financing to...Read More
Web 3 security firm Beosin recently released its 2022 Q2 Web 3 Security Report, analyzing the latest hacks and exploits to impact the blockchain sphere. It found that over $718 Million were lost to related schemes during that time – most of which occurred in the defi space. Breaking Down the Numbers The report –...Read More
DeFiance Capital stated that none of its assets under management were raised by the bankrupt crypto hedge fund, its founders, or any of its affiliates. The company said it had been “materially affected” and “prejudiced” by the recent turn of events. In a recent statement, the venture capital fund elucidated that its founder Arthur Cheong...Read More
The long-time battle between Ripple and SEC is just a few days away from summary judgment. Everyone in the crypto space are eagerly waiting to see that the lawsuit finds an end. As per Crypto-Law.US founder, John Deaton, the crypto community is of the opinion that the Ripple will not settle anytime soon. I see...Read More
[PRESS RELEASE – Road Town, British Virgin Islands, 15th July 2022] REALM, a play2own metaverse platform, secures a $10 million investment from a global investment group LDA Capital. The funds will be utilized to accelerate the product roadmap, advance metaverse accessibility, and deliver more unique experiences and games through its infinitely scalable metaverse. The goal...Read More
Crypto lender Celsius filed for Chapter 11 bankruptcy earlier this week. The filing, however, revealed a deficit of $1.2 billion on its balance sheet, one of the reasons why FTX walked away from a potential acquisition deal. According to the document, the company currently holds $4.3 billion in assets against a whopping $5.5 billion in...Read More
The Ethereum price currently has ranged beyond $1200, reentering the bullish ascending channel. After a huge fakeout, the second largest crypto is expected to maintain a firm upswing to leap beyond $1400, but a massive re-distribution phase is all set to begin shortly. This phase may drop the price hard that may keep up the...Read More
The Three Arrows Capital (3AC) liquidators are reportedly looking to investigate and preserve the Singapore assets of the crypto hedge fund. According to a recent report by Straits Times, the Singapore lawyers for Teneo have asked the High Court to recognize the British Virgin Islands (BVI) liquidation order in chambers hearing on July 15th. It...Read More
[PRESS RELEASE – San Francisco, United States, 15th July 2022] Ankr, one of the world’s leading Web3 infrastructure providers, is delighted to introduce Ankr Network 2.0, described in the new whitepaper as a “Decentralized marketplace for Web3 infrastructure.” The upgrade brings a full suite of decentralized products and services that serve as the critical infrastructure...Read More
[PRESS RELEASE – Dubai, UAE, 14th July 2022] Genesis has occurred for Flare Network, the blockchain built for universal connectivity with other blockchains and real-world data sources. Flare is a powerful new blockchain with the first new consensus protocol for external data. Decentralized applications on Flare can safely and trustlessly acquire and use information from...Read More
[PRESS RELEASE – South Bend, Indiana, 14th July 2022] SIMBA Chain, the leading provider of blockchain enterprise solutions, has released its new blockchain cloud service, SIMBA Blocks. The intuitive platform allows organizations to interact with familiar Web2 interfaces while tapping into decentralized Web3 infrastructure and all of its benefits, including transparency, accountability, and monitoring. From...Read More
Ethereum’s ninth shadow fork went live in the early hours of July 15, marking one of the final testing stages before the big event. Ethereum developers have been running a series of test forks replicating data from the mainnet into the testing environment in preparation for the final Merge. A shadow fork is a smaller...Read More
After the collapse of the Terra ecosystem (which included its native token LUNA and its algorithmic stablecoin UST), the crypto community started to become more cautious about stablecoins, pushing large projects such as Tether’s USDT and Circle’s USD Coin (USDC) to be more transparent about their finances. On July 14, Circle Internet Financial released its...Read More
The UK Treasury Committee has launched an inquiry into the risks and opportunities posed by crypto-assets to businesses and consumers. According to the official note, the inquiry is requesting evidence related to the potential impact of distributed ledger technology (DLT) on financial institutions, including the central bank and financial infrastructure. The Treasury also seeks to...Read More
