Day: January 4, 2022

Binance Labs leads $12M round for DeFi platform WOO Network

Decentralized finance (DeFi) liquidity provider WOO Network has secured additional funds in a Series A funding round. Incubated by quantitative trading heavyweight Kronos Research, WOO Network has pocketed an additional $12 million strategic investment in a a Series A+ funding round led by Binance Labs. The fresh funding, announced by Binance Labs on Tuesday, builds upon WOO Network’s $30 million Series A funding round. WOO Network is known for adding liquidity to tens of institutions, exchanges, trading teams, wallets and decentralized applications. DYDX, Matcha, ParaSwap, 1inch and DODO are the primary…

European Markets Regulator Seeks Feedback on Regulation of Tokenized Securities

The European Union’s markets regulator is seeking feedback on whether regulations need to be amended to accommodate tokenized securities. The European Securities and Markets Authority (ESMA) is seeking submissions from stakeholders on the use of blockchain technology in the settlement and trading of tokenized securities. Specifically, ESMA is exploring whether existing rules need to be amended to be effective for securities traded using distributed ledger technology (DLT). The agency’s “DLT Pilot” will explore how data stored on a blockchain could enable more efficient, secure and cost-effective trading and settlement of…

New UK Information Commissioner begins term

John Edwards begins his new role as UK Information Commissioner today (Tuesday 4 January). Mr Edwards, who joins on a five year term, spent the past eight years as New Zealand Privacy Commissioner, and before that worked as a barrister. He succeeds Elizabeth Denham CBE, whose term as UK Information Commissioner ended last year. Mr Edwards said: “Privacy is a right not a privilege. In a world where our personal data can drive everything from the healthcare we receive to the job opportunities we see, we all deserve to have…

Blockchain gaming community raises $1.4M to help typhoon victims

The Philippines, a country that’s already been struggling to get back on its feet because of COVID-19, has been hit by a catastrophic super typhoon. Back on Dec. 16, 2021, the typhoon hit landfall and went on a rampage for four days, leaving 334 cities and municipalities in a state of calamity.  As of Jan. 1, more than 4 million individuals were either displaced or injured, with 407 dead and 88 still missing, according to the Philippines’ National Disaster Risk Reduction and Management Council. A day after the typhoon hit the…

Defi Kingdoms Reaches Record Activity Levels on Top of Metaverse Push – Metaverse Bitcoin News

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Defi Kingdoms, a metaverse-based blockchain game, is experiencing a rise in activity due to the push that metaverse projects are now having in the market. According to Dappradar, the activity on the game has risen considerably. This is also accompanied by the rise in the price of its native token, JEWEL, issued on top of the Harmony blockchain, a token that reached all-time high (ATH) levels in a sideways market. Defi Kingdoms Grows Among Its Peers Defi Kingdoms, a play-to-earn (P2E) game inspired by metaverse elements that include…

Former First Lady Melania Trump congratulates Bitcoin on 13th birthday

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Shortly after launching her own nonfungible token (NFT) project last month, former First Lady of the United States Melania Trump gave a shout out to Bitcoin (BTC) on Twitter. On Monday, Mrs. Trump wished Bitcoin a happy birthday. The world’s largest cryptocurrency marked its 13th anniversary on Jan. 3. It is widely reported that Bitcoin’s market cap exceeds USD$1 Trillion.  Today marks the 13th anniversary of the Bitcoin Genesis Block.  Happy Anniversary, #SatoshiNakamoto #MelaniaNFT pic.twitter.com/aZqNJFcZmd — MELANIA TRUMP (@MELANIATRUMP) January 3, 2022 The former First Lady said, “It is widely reported that Bitcoin’s…

LOX Network: Better Wireless Device Security

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Smartphone theft is at a crisis point. Over 446,000 handheld devices are stolen every year, equating to 1,222 phones per day. Our devices are more expensive to insure than ever and the global mobile phone insurance market is expected to be worth more than $40 billion by 2025. That’s why Lox’s mission is to better control smartphone thefts by creating the world’s first decentralized security network, giving the power back to smartphone owners rather than wireless carriers or other third parties. The Challenges: Siloed Data, Proof-of-ownership, and Data-sharing Wireless device…

Decentralized Sports Betting Can Be a Lucrative Hobby

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There has been a massive wave of interest in betting globally and a rise in active members wagering on sports. Sports betting matches the casual sports fan against professional bookmakers, who do not get everything their way, unlike in genuine sports. It is, however, challenging yet exhilarating at the same time. Thanks to the introduction of online betting, it is now completely mobile. So… Is it possible to make money by betting on sports? Yes, it can be supremely lucrative. However, your earning potential is determined by your bankroll, risk…

Bitcoin exchange balances trend back to historic lows as BTC withdrawals resume in January

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Bitcoin (BTC) exchange reserves are back near record lows as 2022 sparks renewed appetite among buyers. Data from on-chain analytics firm CryptoQuant shows reserves across 21 exchanges at 2.308 million BTC as of Jan. 4. Exchanges return to overall BTC balance downtrend Late December saw a macro low of 2.303 million BTC left on exchanges’ books, CryptoQuant recorded, before a brief uptick to 2.334 million. Bitcoin exchange reserves chart. Source: CryptoQuant As institutional entities return to the market after the holiday period, however, the downtrend has resumed, this in line…

A Metaverse Network Built on aelf Blockchain

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As Facebook changed its name to META, the world has seen a spiked interest in metaverse-concept GameFi projects, such as Decentraland, Sandbox, Axie Infinity, Illuvium, and many more. The land of the concept has brought an infinitely broad market to the construction of blockchain infrastructure. At the same time, the public chain is bound to usher in huge changes in the dimensions of performance, security, privacy, and ease of use. For a long time, aelf is the best-performed and secured blockchain cloud infrastructure. In the following three aspects, aelf is…