Orange Comet, a Web3 startup focused on non-fungible tokens (NFT) and metaverse experiences for the entertainment industry, has raised $7 million in an equity funding round that included a mix of existing and new investors, a spokesperson told CoinDesk. The company expects to launch a larger capital round later this year. Source
SoftBank & Ant Group previously offered to sell their Paytm stakes to Bharti Airtel founder-chairman Sunil Mittal. Japan’s SoftBank Group Corp and China’s Ant Group currently seek to offload their stakes in Indian digital payments firm Paytm. According to reports, the duo is discussing the secondary sale of said stakes in the open market. SoftBank and Ant earlier approached Bharti Airtel founder-chairman Sunil Mittal regarding the Paytm stakes sale. However, those discussions fell through, with Bharti no longer involved in conversations to buy into Paytm’s parent, One 97 Communications. SoftBank and Ant, intent on reducing their…
Yuzo Kano, the co-founder of Japan-based cryptocurrency exchange bitFlyer, is seeking to reinstate himself as CEO in a shareholders meeting next month, in an apparent bid to reinvigorate what he claims is a stagnating firm. Kano resigned in 2019 following a series of management disputes but is now determined to reinvigorate the crypto firm and lead it toward an Initial Public Offering (IPO) in the coming months, according to a Feb. 26 report by Bloomberg. The former CEO also said he also wants to put Japan back on the map…
The second-largest bank in Germany, DZ Bank, is preparing to become a provider of custody services for crypto assets. The offering will be facilitated by a partnership with Metaco, a Swiss company that specializes in helping financial institutions to operate in the digital asset space. DZ Bank to Use Metaco’s Harmonize Platform to Launch Crypto Custody Services DZ Bank, part of Volksbanken Raiffeisenbanken which is one of the largest banking groups in Germany, is going to employ a platform built by Metaco to offer institutional clients services in the field…
Sergey Vasylchuk, the chief executive officer of staking provider Everstake, said the company is continuing to move forward despite the continuing military conflict between Ukraine and Russia. Exactly one year ago today — Feb. 24, 2022 — Russian military forces invaded many areas of Ukraine in what has become one of the biggest conflicts in modern Europe since World War II. In the last twelve months, more than 8,000 civilians have died, many Ukrainian cities have been shelled with at least one almost leveled, and the country continues to be…
Sequence, a web3 development platform that offers a passwordless crypto wallet, told CoinDesk that it put safeguards in place that rendered the Dfns-discovered vulnerability ineffective. “For Sequence, I don’t think it’s as bad at all,” said Peter Kieltyka, CEO at Horizon, the company that builds Sequence. “But you know, yeah, for some other products, I think they could take additional measures.” Source
There’s been a spike in the global adoption of blockchain technology, so several companies and organizations are now exploring the potential of the technology through many approaches. Hence, there’s a sudden growth in the systems, projects, and processes of blockchain and its applications. One of the newest exploits on the blockchain is from an Israeli startup, Chain Reaction. The firm is set to develop blockchain chips through a $70 million fund. Morgan Creek Digital led the just-completed fundraising round. Other participants include KCK Capital, Jerusalem Venture Partners, Hanaco Ventures, Blue…
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“Messari reduced our global workforce by 15% as part of a restructuring. This was a difficult, but long-term focused realignment that will help us better serve our customer’s data needs in the rapidly evolving economic and tech climate. We are grateful for the contributions of the employees we have parted ways with, and have provided them with a separation package to ease the transition.” Messari CEO Ryan Selkis told CoinDesk. Source
Galaxy Digital has invested $44 million into an institutional cryptocurrency custody platform to tap into its proprietary asset storage and management capabilities. Mike Novogratz’s cryptocurrency investment firm has completed the acquisition of GK8, which has developed its own patent cryptocurrency custody technology aimed at giving secure asset management for institutional users. The service specializes in providing cold vault technology that allows the execution of transactions without internet connectivity. Its in-house multi-party computation (MPC) vault provides the ability to automate transactions, and the service also provides access to Decentralized Finance (DeFi)…