“Cardano is going to follow the path we’ve seen from chains other than Ethereum,” said Matovu. “Step by step other alternative chains pop up, and what we’ve seen is that a few teams build key protocols and then the ecosystem pops up around them.” Source
Crypto custodian Hex Trust has secured $10 million in fresh funding to further the market infrastructure and security of its licensed custody platform, Hex Safe. Animoca Brands, a gaming and non-fungible token unicorn, led the round. Participation in the investment round also came via Ripple Labs, Algorand Foundation, BCW Group, Tessera Capital Partners, Mind Fund, Double Peak Group, and Token Bay Capital. Those who recently participated in Hex Trust’s $6M Series A in March also invested including QBN Capital, Kenetic Capital, MANTRA DAO, Borderless Capital, Radiant Tech Ventures, and Cell…
Social token builder Roll has raised $10 million in Series A funding led by IOSG Ventures with participation from Animoca Brands, Alchemy, Huobi Ventures, Weekend Fund, Mischief Fund and Audacity. The new financing brings Roll’s total funds raised to $12.7 million since it launched in 2019; existing backers include Galaxy Interactive, Hustle Fund, Gary Vaynerchuk, Trevor McFederies, Ryan Selkis and Balaji Srinivasan. Internet creators and communities find themselves in a digital renaissance powered by the explosion of things like non-fungible tokens (NFTs) and decentralized finance (DeFi). Roll’s play is selling…
Social token infrastructure provider Roll raised $10 million in Series A funding, bringing the company’s total funds raised to $12.7 million to help creators tokenize their interactions with communities. Led by IOSG Ventures, the funding round saw participation from Animoca Brands, Alchemy, Huobi Ventures, Weekend Fund, Mischief Fund, Audacity and existing investors like Galaxy Interactive, Hustle Fund, Gary Vaynerchuk, Trevor McFederies, Ryan Selkis and Balaji Srinivasan. Social tokens are blockchain-based digital currencies that have the potential to be used as the basis of a decentralized creator economy. “Through Roll, decentralized…
Former BitMEX CEO Arthur Hayes surrendered to U.S. authorities in Hawaii on Tuesday, six months after federal prosecutors first levied charges against him and three fellow BitMEX executives. In a statement, Hayes’ lawyers described the Singapore resident as “a self-made entrepreneur who has been wrongly accused of crimes that he did not commit,” adding: “Mr. Hayes voluntarily appeared in court and looks forward to fighting these unwarranted charges.” Hayes was released after posting a $10 million bail bond pending future proceedings in New York. Hayes’ lawyers proposed his surrender in…
The Internet Archive, an American nonprofit behind major digital archive Wayback Machine, has received a $10 million cryptocurrency donation from the Filecoin Foundation. According to a Friday announcement, the Filecoin Foundation has donated 50,000 Filecoin (FIL) tokens to the Internet Archive, worth more than $10 million at the time of writing. The grant is designed to help the Internet Archive increase access to its online library including books, data, web pages, music and software. In addition to the donation, the Internet Archive’s founder Brewster Kahle and director of partnerships Wendy Hanamura…
The excitement surrounding NFTs is showing no signs of slowing down, with the top four decentralized NFT apps driving more than $10 million in daily volume. According to decentralized application data aggregator DappRadar, NBA Top Shot, CryptoPunks, Mooncats, and Sorare represented more than $10.57 million worth of secondary NFT sales over the past 24 hours. However, overall NFT DApp volumes are dominated by the top four, with the combined daily volume of the 10-largest DApps equating to $12.27 million. NBA Top Shot’s secondary marketplace is the dominant NFT DApp by…
Michael Saylor, the ‘bitcoin slayer’ that needs no introduction, continues his attacks on everything non-bitcoin, this time unleashing his wrath on gold. It Feels Great, Says Saylor of Owning More Than 71K Bitcoins In an interview with Andrew Henderson of Nomad Capitalist, a legal finance advisory, Saylor, condemning gold as a “dying asset” and “dead money,” offered his view of the future of investment: gold is out, bitcoin is in. To recap Saylor’s ascent to bitcoin supremacy, his firm Microstrategy made headlines for its relentless bitcoin shopping spree during 2020,…
MicroStrategy now holds 71,079 BTC. Original
Hashmasks, a new non-fungible token project has raised over 7,600 ETH (about $10 million) from the sale of more than 15,300 digital collectible cards. The owner of Hashmasks #1 has sold his card named after former United States President Donald Trump for about 97 Ether (ETH) which amounts to over $126,000 at the current Ether price. Hashmasks #1 was acquired for 0.1 ETH according to the collection timetable on the project’s website meaning that the original collector has earned a 96,900% profit on the initial investment. As of the time…