Day: November 17, 2021

Battle of Guardians Partners with Good Games Guild, Others for Blockchain Game Launch

Battle of Guardians (BOG) has announced its partnership with Good Games Guild, Miracle Gates Entertainment, and Big Fire Studios. The partnerships followed the launch of its epoch-making blockchain-based game. BOG is a highly immersive multiplayer game that allows players from all around the world to earn income while playing games, adopting blockchain into the thriving gaming industry. It is a real-time multiplayer PVE and PVP arena NFT game where players battle it out against one another for rewards. The game was developed in Unreal Engine and built on the Solana…

Fed Governor Waller praises stablecoins as a genuine innovation that makes the development of CBDCs redundant

In a speech published Wednesday noon, Federal Reserve Governor Christopher J. Waller reiterated his skepticism for implementing a central bank digital currency, or CBDC, in the United States. However, Waller is not an ordinary cryptocurrency skeptic, as he cites the development of genuine private-sector payment innovations, specifically stablecoins, as the reason why CBDCs are not needed. Top Stablecoins by Market Capitalization | Source: Treasury Report on Stablecoins (Nov. 2021) Despite the positive outlook, Waller highlighted three risks surrounding stablecoins. The first of which he noted as a potential destabilizing run,…

Ethereum Layer-two developer StarkWare valued at $2B following $50M raise

Israel-based StarkWare announced on Nov 16 via Twitter that it had raised $50 million in a Series C funding round, and that the firm’s valuation is now at $2 billion. Sequoia Capital was the lead investor, among other contributors. Seven months ago, StarkWare raised $75 million in a Series B funding led by Paradigm. We are excited to announce our Series C of $50M at $2B. A big thanks to our lead investor, @sequoia, our wonderful follow-on investors, and the dozens of ecosystem partners and collaborators who participated in this…

Galeon Leverages Blockchain to Disrupt the Field of Medical Data Management

At present, there is virtually no industry where blockchain hasn’t found intriguing applications in a fascinating way and the healthcare industry stands tall in this regard. Ranging from data storage, filing, tracking, and efficient management systems, blockchain has found increasing use-cases in the health sector and is a key solution to a long list of challenges that have plagued data management in the healthcare industry. The healthcare industry handles a tremendous amount of data yearly, early projections indicate that there could be as much as 2,314 exabytes (about 2.5 trillion…

Lone Bitcoin Bitfinex Whale Wants More Blood, Buyers Beware?

Bitcoin remains range-bound moving around $58,5000 and $60,500 as the general sentiment in the market flips bearish. The benchmark crypto trades at $60,327 with sideways movement in the daily chart. BTC moving sideways in the 4-hour chart. Source: BTCUSD Tradingview Related Reading | Bitcoin Turns Red, Why Bears Aim A Retest of $55K Only two weeks ago, Bitcoin was blasting through resistance levels in the high around its current levels briefly topping at $69,200. This led to an increase in over-leveraged positions and an increase in funding rates across the…

Bitcoin Over $65,000 IF THIS ACTUALLY HAPPENS! Insanely Bullish Bitcoin News! Coffee N Crypto LIVE

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io BITCOIN COULD MOONSHOT if this Bitcoin Futures ETF news comes true! In this episode of Coffee N Crypto LIVE we discuss some incredibly important news regarding a potential approval for a Bitcoin futures ETF coming in just the next few days. We also look at a crypto market cap pattern which has a price target of nearly $4 Trillion for crypto, and dig deep into the Bitcoin technical analysis. Let’s go ahead and DIVE right on into it! Webinar: Sign up for…

Acting OCC head calls for consolidated supervision for crypto firms

Michael Hsu, the acting head of the United States Office of the Comptroller of the Currency, hopes to address gaps in supervision for companies dealing with cryptocurrencies. In published comments before the Federal Reserve Bank of Philadelphia on Tuesday, Hsu called for consolidated supervision for crypto firms in which regulators or an authorized group could conduct oversight of a company and its subsidiaries to mitigate risk. According to Hsu, the current landscape allows holding companies engaging in crypto activities to potentially avoid regulations through subsidiaries. “No crypto firm is subject…

OneRare’s Solid Investor Backing Results in $2M Fundraise to Foodify the Blockchain Industry

OneRare is reportedly garnering support from top investors as it concluded its heavily oversubscribed fundraising round of $2M to scale up its unique gaming project centred around merging Food, GameFi, and NFTs in one metaverse. It intends to appeal to foodies & gamers from different parts of the world to immerse in their massive foodverse. The fundraising will see to the effect that the emerging project will bring exceptional innovation in the imminent future. With investors such as Arkstream Capital, Momentum 6, StableNode, Exnetwork Capital, Enjinstarter, Everse Capital, Kangaroo Capital,…

Circle Launches Initiative to Boost Global Financial Inclusion

Circle, the payment services company that operates stablecoin USD Coin (USDC), has launched an initiative aimed at helping minorities and women, as well as supporting humanitarian efforts around the world. Dante Disparte, the company’s chief strategy officer and head of global policy, announced the initiative in a post on Circle’s website on Wednesday. Circle said its “Circle Impact” initiative will allocate a share of USDC reserves to often underrepresented Minority-owned Depository Institutions (MDIs) and community banks. Circle will also create programs through its SeedInvest platform to facilitate funding startups led…