Hedera – a distributed public ledger for Web 3 dapps – recently voted to buy the intellectual property rights for the hashgraph consensus algorithm from Swirlds, Inc., one of the Hedera Governing Council’s founding members. Furthermore, the project will be shifting to an open-source code model this year. Hedera’s Decentralization Plans According to a press...Read More
Animoca Brands has raised $360 million in a fresh round of funding. As such, the valuation of the Hong Kong-based company has doubled since October 2021 to $5.5 billion. The latest round of investments was led by Liberty City Ventures along with Winklevoss Capital and Soros Fund Management. Rise in Valuation in Line With NFT...Read More
The non-fungible token universe and blockchain-based games seem to have their own macro events that affect their growth. A set of reports by the analysis company DappRadar revealed that the number of NFT trades continues to increase gradually despite the adverse price movements in the digital asset industry. Additionally, the interest in blockchain-based games is...Read More
The world of digital coins has been yearning for the commencement of the alt season. Which is currently in the mist, as digital assets have been crab walking on the charts. While the star crypto has been facing the wrath of economic turmoil and regulatory implications. The maestro of altcoins has been taking the brunt...Read More
The global crypto market is home to a plethora of projects, of which a handful of these projects have been turning heads. The metrics of the protocols have been meritorious at numerous fronts, be it monetary, fundamentals, development, or utility. In succession, Solana has been making it to the spotlight quite often. Solana this time...Read More
The coin market is now surfacing from the doom of bears, as the business recovers at a steady pace. The greener monetary statistics apace with the sprawling utility and developments have instilled faith of traders and diamond hands over digital assets. In contrast, the crypto town has now come across an unnatural event, as Polkadot...Read More
The Central Bank of Bahrain (CBB) has successfully completed a test of JPMorgan’s JPM Coin. The latter is a digital currency designated to make payments using blockchain technology. First Tests for JPM Coin in The Region Bahrain’s central bank revealed it is committed to improving the customer experience for secure and efficient settlement services. Seeking...Read More
The United Kingdom government backed Hedera and Neuron Innovation as the duo conducted a trial on the drone data collation and storage using a public ledger consensus. Hedera Network Used to Track Drones Neuron Innovation, a London-based aviation company, has conducted a drone data collection trial sponsored by the government of the United Kingdom. The...Read More
In a bid to revolutionize its fan engagement, French esports organization Team Vitality announced that it has collaborated with popular blockchain project Tezos on a three-year partnership deal. Team Vitality Partners Tezos Announcing the development in a press release shared with CryptoPotato today, the partnership, which is considered the biggest since the inception of Team...Read More
The Solana ecosystem has been receiving a major backlash from the crypto fraternity for its failure in properly handling network-related bugs. However, the platform was hit by a major DDoS (Distributed denial-of-service) attack earlier this day as it has failed to handle multiple requests to prevent a network from the attack. The fifth-largest cryptocurrency by...Read More
The pandemic has reshaped social behavior in ways unimaginable. In 2022, the tech giants will continue to push the envelope even further – into the Metaverse. Just like last year, NFTs remain at the helm of the cryptocurrency and blockchain revolution. Square Enix President Yosuke Matsuda, for one, understands that the two sectors are not...Read More
The year 2021 was the year for altcoins where most of the projects enjoyed gigantic gains right through the year. Especially, Matic (Polygon) and Terra (LUNA) emerged as two of the top gainers in 2021 with tremendous profits of over 10,000% over the year. However, as the above protocols align themselves with advanced upgrades in...Read More
In 2021 Cardano price has gained over 940 percent and the coin is ranked at number seven on the leaderboard. Although there have been a lot of fluctuations recently, the Cardano system did not stop growing and expanding. While a lot of traders and analysts questioned the future of Cardano the leading cryptocurrencies active addresses...Read More
The leading Russian bank – Sberbank – created a blockchain exchange-traded fund (ETF) tracking prominent companies in the cryptocurrency industry, such as Coinbase and Galaxy Digital. This is the first such product in Russia, which allows local investors to delve into the digital asset market without having to purchase, store, or sell tokens. Russia Has...Read More
Cardano is one of the cryptocurrency ecosystem’s fastest-growing initiatives. It has gotten a lot of attention because of its enormous potential. Notably, the project’s larger community is quite optimistic. ADA, the project’s native crypto asset, has increased by more than 850 percent in the last year. At the time of writing, Cardano price was trading...Read More
Scuderia Ferrari signed a multi-year partnership with the Swiss technology company – Velas Network AG – to create non-fungible tokens (NFTs) for its fans. This is the racing team’s first interaction with the digital asset industry, while some Formula 1 rivals have already marked initial steps. Ferrari Jumps into The World of Crypto In its...Read More
Figment – a company that provides blockchain infrastructure and protocol staking – announced a $110 million Series C fundraise at a $1.4 billion post-money valuation. The investment was led by Thoma Bravo – an American private equity and growth capital firm. Figment to Work on the Web3 Ecosystem Apart from Thoma Bravo, the funding round...Read More
Blockchain-based gaming is the latest hot trend in the cryptocurrency space. 2021 has set the stage for more capital inflow and expansion of the sector as major players continue to hop in. French gaming giant Voodoo, best known for its hyper-casual games, plans to invest $200 million in 2022 in new studios developing blockchain-based games....Read More
The blockchain analytics platform Nansen raised $75 million via a Series B funding round led by the venture capital firm Accel. The investment will aim to expand the former’s global presence and accelerate the development of innovative product offerings for customers. Nansen’s Newest Funding Round The Singapore-based blockchain platform announced the news on its official...Read More
The world’s leading crypto exchange – Binance – collaborated with a consortium led by MDI Ventures – a multi-stage venture capital firm backed by Telkom Indonesia. The duo’s mission is to expand the blockchain ecosystem in the Asian country by establishing a new digital asset exchange. Binance Builds Presence in Indonesia As reported last week,...Read More
Wells Fargo – a leading American financial services organization – and HSBC Bank – a major British monetary institution – will employ a blockchain-based product to settle matched foreign exchange (Forex) transactions. Through the partnership, the two entities will use a shared ledger to process operations with US dollars, Canadian dollars, British pounds, and Euros....Read More
No industry can hope to grow and develop if it is not fueled by human resources and appropriate talent. The availability of qualified professionals is the backbone of any sector and any company since the people are the true assets and value of any business. Nothing runs with engineers and nothing is developed without their...Read More
Poker fans in the US are now able to access the global poker market after a 15-year streak from the Department of Justice (DOJ). This happens as Virtue Gaming introduces the first P2E (Play-to-earn) offering in the country. Reviving the Poker Field in the US With Blockchain The Play-To-Earn business model relies on blockchain technology....Read More
On Dec. 2, Square announced that it is changing the company name so it can give the “full Square brand” to its Seller business. The Seller division provides an integrated ecosystem of commerce solutions, business software, and banking services for sellers. The name change also distinguishes the corporate entity from its businesses or building blocks....Read More
Consensys – a blockchain technology company – announced that it has recently raised hundreds of millions of dollars from businesses, including HSBC and Third Point. HSBC is Europe’s largest bank, while Third Point is a US-based hedge fund with $17 billion in assets under management. Major Funding For Consensys Consensys announced the results of their...Read More
A survey conducted by the software firm – Stratis – revealed that 58% of American and British video game developers had incorporated blockchain technology into their endeavors. 47% have integrated non-fungible tokens in their games. Blockchain Is The Future for Video Games The poll surveyed 197 video game developers in the USA and the UK....Read More
Highlights: Advertisement The crypto space has seen unusual developments over the decade, the next big thing in the space would be Web 3. Web 3 related projects Helium, Flux, API 3, The Near protocol, Handshake, and the Graph prices eyes for maximum gains. The year 2020 has seen rapid advancements across DeFi space, where ERC-20...Read More
Minima, a scalable and decentralized blockchain network for value and information transfer, has recently bagged $6.5 million from notable investors in a Series A funding round. Accelerating Mainnet Launch According to a press release shared with CryptoPotato, the funds acquired from the just-concluded funding round will be used to facilitate the launch of Minima’s Mainnet...Read More
Galaxy Interactive – the affiliate of Galaxy Digital Holdings Ltd. – completed a $325 million funding round to expand further into the digital space. More than 70 LPs participated in the event, including institutional investors, endowments, strategic investors, and family offices. Youngsters Move from The Physical to The Digital World According to a recent announcement,...Read More
Binance, the world’s biggest cryptocurrency exchange, has continued to express its support for the ecosystem development of the sharded heterogeneous multichain blockchain network, Polkadot. In an official announcement on Friday, the company revealed that it will start the Polkadot Parachain Slot Auction which is scheduled to commence in November. “A separate announcement will be posted...Read More
