Category: Blockchain

Blockchain Startup Contribution Labs Raises $3M through Equity Sale

Web3-focused startup Contribution Labs has raised $3 million through an equity sale. Alchemy-backed Contribution Labs is a California-based technology company in stealth mode. The company was founded in January 2022 by Catherine Chang, a former product manager at software company Atlassian, and Kei Yoshikoshi, a former engineer at Microsoft’s Azure blockchain. Contribution Labs has raised $2,425,000 from two investors since the offering began on Aug 15, according to a filing with the U.S. Securities and Exchange Commission (SEC). Unlike traditional financing methods, this fundraising involved a simple future equity agreement,…

FTX and Busan Reaches Deal to Accelerate Blockchain Businesses

The South Korean city of Busan and FTX cryptocurrency exchange has signed a business deal to support the establishment of Busan Digital Asset Exchange. According to the agreement statement, FTX will help the South Korean city build its own exchange called the Busan Digital Asset Exchange and provide it with technical and infrastructure support. Despite the adverse events surrounding the cryptocurrency ecosystem that has seen the closure of several crypto companies, FTX continues to stand at a high level and the transactions signed to continue to appreciate the public profile of…

How Blockchain Can Be Sexy (and Safe)

Perhaps more importantly, VR can also be leveraged to help people safely experiment with their sexual identity and gender expressions. If so, it will be blockchain technology that helps ensure that participants on both sides of the market are kept safe while they explore, in terms of both physical wellbeing and desired level of anonymity. Source link

Have Bitcoin Whales Started Buying Again? – Blockchain News, Opinion, TV and Jobs

By Marcus Sotiriou, Analyst at the publicly listed digital asset broker GlobalBlock  The crypto market cap fell back below $1 trillion over the weekend, after the Jackson Hole symposium where Federal Reserve chairman Powell reaffirmed the hawkish stance of the U.S. central bank. Meanwhile, the Securities and Exchange Commission has delayed yet another decision on VanEck’s latest bid to launch a spot Bitcoin exchange-traded fund (ETF). VanEck was previously denied a spot Bitcoin ETF in November last year. The date which the SEC will make their decision has been…

Bitcoin Takes Hit after Powell Says U.S. Central Bank May Well Keep Raising Interest Rates – Blockchain News, Opinion, TV and Jobs

The the biggest cryptocurrency by market cap, has been battered this year following a huge market sell-off and the soaring global economy. Now trading at a price 70% lower than its November 2021 all-time high of $69,044.77. Ethereum, the second biggest digital asset followed suit, trading at around $1,584,82 at this time of writing. The US Fed has been raising interest rates multiple times this year in order curb inflation, which currently is at a four-decade high. The Federal Reserve Bank of Kansas City hosted dozens of central bankers, policymakers,…

Blockchain Gaming Platform Xterio Raises $40M Led by Partner FunPlus

“Today, there’s no mass-market, fun, high-quality, high-fidelity game that incorporates Web3 and digital ownership in a meaningful way,” Xterio co-founder and COO Jeremy Horn told CoinDesk in an interview. “When you look at our executive team, we’re very proven hitmakers … who have worked on games that have generated billions of dollars in revenue. We know how to make games and we’re going to put fun at the center of our releases.” Source link

Crypto Custody Firm Fireblocks Adds Support for Solana Blockchain’s DeFi, NFT, Gaming Apps

Fireblocks connects to some 35 blockchain networks and works with an array of Web3 companies including Animoca, MoonPay, Xternity Games, Griffin Gaming, Wirex and Utopian Game Labs. The latest Solana integration uses WalletConnect V2, a protocol for bridging decentralized apps, upgraded to securely enable vault connections to non-EVM chain dApps, according to a press release. Source link

‘Most of crypto is still junk’ and lacks use case — JPMorgan blockchain head

The head of JPMorgan’s digital assets unit Umar Farooq has suggestedthat most of the crypto assets on the market are “junk” and that real crypto use cases are yet to fully present themselves. During a panel discussion at the Monetary Authority of Singapore’s Green Shoots Seminar on Aug. 29, Farooq stated that regulation is yet to catch up to the burgeoning industry which is holding back many traditional financial (TradFi) institutions from getting involved. He also opined that with the exception of a few, utility for most crypto assets is…

Lightnet Group Lands $50M to Help Scale Velo Blockchain Protocol

Global investment firm LDA Capital has committed $50 million to Lightnet Group – a blockchain financial technology startup to help in building out its infrastructure. The startup will have the option to receive more funding, up to $100 million cumulative in the next three years. Lightnet Group will be deploying the massive funding to bolster its “Web 3.0 payment and blockchain ledger-based remittance services focused across the Asia Pacific and globally around the world.”   As part of the primary commitments of Lightnet Group is the need to develop the…