Day: June 8, 2023

🌐 6 Questions for Thiago Cesar of Transfero

boss

Thiago Cesar is the 34-year-old co-founder of Transfero, a company helping to make crypto more accessible for Brazilians with BRZ, the first stablecoin pegged to the Brazilian real. Cesar grew up in southern Brazil’s Pindamonhangaba municipality, before making the 90-mile trek to Sao Paulo for college. He graduated from Fundação Armando Alvares Penteado, and it wasn’t long, Cesar says, before he became infatuated with Bitcoin as a graduate student at the University of London. “By 2014, I’d been convinced that Bitcoin and cryptocurrencies in general were going to be a…

Bitcoin payments exec shares adoption challenges in the Philippines

As many developments within the space show how far the Bitcoin (BTC) community has come, an executive from a BTC payment provider shared how in other parts of the world, adoption may still be in its early stages.  At the BTC Prague event, Cryptox reporter Joseph Hall interviewed Ethan Rose, the founder of Pouch, a wallet service that supports the Bitcoin Lightning Network in the Philippines. The duo spoke about the state of adoption in the country and how the Pouch team is trying to introduce Bitcoin to merchants on…

The role of blockchain in combatting fraud and revolutionizing the gaming industry

A new dawn is breaking in the gaming industry, driven by the transformative power of blockchain technology. As this industry — expected to hit $200 billion in 2023 — continues to grapple with the scourge of fraud, blockchain is emerging as a potent ally, armed with its inherent traits of decentralization, transparency and immutability. Moreover, blockchain is not merely a tool to combat fraud but also an innovation set to revolutionize the gaming experience itself. A decentralized defense against fraud Central to blockchain’s appeal is its decentralized nature. In contrast to…

Why Banks Are Setting Up Shop in the Metaverse

The metaverse can be broadly defined as a blockchain-fueled, all-encompassing virtual world that offers new human and socio-cultural experiences. It epitomizes decentralized and immersive social experiences that often involve virtual reality (VR) and augmented reality (AR), opening up an entirely new set of opportunities for social interaction. No single company or application defines the metaverse, and users can use a single, portable identity among metaverse apps. Source

HyperPlay raises $12M in Series A funding round

boss

On June 8, HyperPlay — a Web3-native game launcher — said it closed its Series A funding round after raising $12 million from investors, including co-leaders Griffin Gaming Partners and Bitkraft Ventures.  Other investors include MetaMask’s parent company ConsenSys, Ethereal Ventures, Delphi, Game7, Mirana Ventures and Monoceros Ventures. HyperPlay, which was established in November 2022 by MetaMask and Game7 DAO, says its platform tackles the Web3 gaming interoperability challenge “head-on,” providing interoperability for Web3 gaming, and allowing developers to work without being bound by centralized entities like Apple, Google and…

EOS turns 5, celebrates the community’s effort to rebuild

boss

Celebrating the 5th anniversary of the EOS Network, the team behind the protocol highlighted the importance of the community as it looked back on the many challenges it had to face to revive the scalability protocol.  After being launched in 2018, the EOS became known for its network’s performance and for conducting the largest initial coin offering (ICO) in history, with over $4 billion raised during the year-long fundraising process. Despite this, the project did not live up to the hype and expectations and encountered troubles with the United States…

Jack Dorsey-backed Nostr Creator Collaborates With Bitcoin $BTC Firm Zebedee on New Social Media Layer

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity…

MetaMask Institutional to integrate with Fireblocks MPC platform

boss

Web3 wallet MetaMask will integrate with Fireblocks’ multi-party computation (MPC) platform, allowing Fireblocks users to access the wallet’s portfolio dashboard, according to a June 6 announcement. The integration will be part of the MetaMask Institutional product aimed at institutional investors. It will go live on June 12. Map of prior MetaMask Institutional custody provider integrations. Source: MetaMask MetaMask Institutional is wallet software that offers institutions a variety of features, including the ability to stake and lend crypto. It does not custody funds for institutions. Instead, it allows institutions to choose…

The creator economy is moving to Web3

boss

Though it is beginning to recede in memory, the bear market of 2022 dealt a major blow to public confidence in blockchain technology’s potential for practical use and mass adoption. The collapse of blockchain platform, Terra, and the dissolution of crypto hedge fund, Three Arrows Capital and global exchange, FTX, damaged the financial well-being and reputation of the entire ecosystem.  Nonetheless, during these challenging times, projects with real substance and use cases have continued to build and develop, and Web2 giants, such as Amazon and Mastercard, have been quietly establishing…