Neowiz has a 25-year track record of fun releases, like Cats & Soup, and is behind the highly anticipated Lies of P, a souls-like game inspired by Pinocchio and expected to be a top seller of 2023. The company notched $51 million in revenue last year, Taegeun “Andrew” Bae, co-CEO of Neowiz, said at the Thursday event. Source
Artificial intelligence could be the missing piece for decentralized autonomous organizations (DAOs), while trained AI models could become valuable assets on-chain, according to the co-founder of Framework Ventures. Speaking to Cointelegraph on Sept. 5 at Korea Blockchain Week, Vance Spencer, the co-founder of the crypto-focused venture firm, shared four predictions about how AI and blockchain technology could collide. One of the biggest impacts is for AI to finally put the “autonomous” into decentralized autonomous organizations, according to Spencer. DAOs were founded on the concept of a decentralized collective sharing a…
The legal industry has risen as a major beneficiary amid the financial downturn of several prominent cryptocurrency firms, garnering hundreds of millions in fees. According to a report on Sep. 5, professionals, including lawyers, accountants, and consultants, have amassed at least $700 million from the bankruptcy cases of major crypto entities in the past year. This substantial figure encompasses the fees incurred from the bankruptcy proceedings of five notable crypto companies: FTX, Celsius Network, Voyager Digital, BlockFi, and Genesis Global, from July 5, 2022, to July 31, 2023. As these…
Point72 Ventures, through the funding round, will help GenTwo extend its offerings and also expand its international business. Securitization specialist fintech GenTwo has raised $15 million in a recently concluded Series A funding round. The round was led by venture capital firm Point72 Ventures, founded by billionaire hedge fund manager and investor Steven Cohen. The billionaire owns a baseball team – the New York Mets. GenTwo has a PRO platform that helps investors securitize and trade investment strategies or assets. This process is also open to non-bankable assets, including digital assets, real…
New data from crypto analytics firm Santiment reveals that the supply of Bitcoin (BTC) on crypto exchanges is at its lowest point in over half a decade. According to the market intelligence firm, only 5.8% of the crypto king’s overall supply is currently sitting on crypto exchange platforms, the lowest level since December 2017. Santiment also notes that the top crypto asset by market cap is seeing decent amounts of Bitcoin whale activity. “Just 5.8% of Bitcoin is currently sitting on exchanges, which is officially the lowest level crypto’s top…
“Like us, the [Woorton] team has a TradFi background but with the same crypto and digital assets laser focus. Together we are a combination of highly complementary businesses that deliver multi asset breadth and depth to clients in the EU market,” Thomas Restout, Head of EMEA at B2C2 said. Source
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People get exposure to crypto in the hopes of turning in a profit. However, profitability depends on fundamental factors. In 2023, more investors are looking at Pomerdoge, with most opting for its native token, POMD, over Polkadot (DOT) and Aave (AAVE). Let’s see why. Polkadot staking elevated, prices under pressure DOT remains under pressure, dropping 12% in the last month, and is currently trading at $4.98. However, there is encouraging activity around staking, pushing total value locked (TVL). On Aug. 11, the staked DOT soared by more than 300% in…
Australia-based crypto lender Helio Lending has been sentenced to a non-conviction good behavior bond for a year for falsely claiming it had a local credit license. On Aug. 17, the Australian Securities and Investments Commission (ASIC) said Helio was sentenced to the good-behavior bond for a year, having to pay $9,600 (15,000 Australian dollars) if broken. Good behavior bonds are often granted for less serious offenses. A non-conviction good behavior bond will mean Helios will only be convicted if it breaks its bond, and will have to pay the $9,600.…
“With technology valuations significantly down and VC investment drying up, there is now a new opportunity for companies with a strong balance sheet and a growing business, like Securitize, to accelerate the digitization of finance and our role in driving it,” Domingo told CoinDesk. Source