Web 3.0 startups’ latest backer is a US$150 mln fund from Cosmos founders
The fund aims to support and speed up the time-to-market of early-stage projects that have already initiated development.
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Ethereum PoS move is now being tested on a mainnet shadow fork
A shadow fork of the Ethereum mainnet went live on Tuesday, bringing it a step closer to the transition from proof of work (PoW) to a proof-of-stake (PoS) consensus mechanism for the Ethereum 2.0 upgrade. See related article: Can Ethereum’s proof-of-stake transition save the planet? Fast facts The Ethereum Foundation is currently working on a…
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India tax breaks crypto’s back
Trading volumes at India’s major cryptocurrency exchanges slumped to their lowest in years after new taxes kicked in on April 1, according to research by Crebaco. See related article: Coinbase’s India launch hits road bump Fast facts U.S. dollar trading volume dropped by 72% on WazirX, 59% on ZebPay, 52% on CoinDCX and 41% on…
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T Scientific to acquire 60% of S.Korean crypto exchange Hanbitco for $19.5 mln
South Korean mobile services company T Scientific announced Monday it will purchase a 60.36% stake in PlutusDS, the operator of local cryptocurrency exchange Hanbitco. See related article: South Korea crypto exchange underdogs: Where are they now? Fast facts T Scientific, a South Korean company specializing in the provision of mobile coupons and mobile commerce services,…
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China’s Xpeng joins the bandwagon in selling NFTs on Alibaba
Chinese electric vehicle maker Xpeng is selling “digital collectibles” as part of its marketing campaign to mark the 100,000th rollout of a complete vehicle. See related article: Lamborghini’s last all-gas Aventador to be auctioned with NFT Fast facts See related article: China’s Communist Party wants to regulate NFTs
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How Southeast Asia’s NFT ecosystem lifts up local artists
Providing access to global customers and higher income, NFTs are changing lives in some of the poorest places in the world, writes Katherine Ng.
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Need for Speed gets Hong Kong’s Animoca in driver’s seat
Hong Kong-based Animoca Brands has acquired French racing game studio Eden Games, as Animoca expands its blockchain gaming business. See related article: Animoca Brands halts services to Russians: report Fast facts The acquisition is aimed at developing a series of new blockchain-based racing games, Animoca said. The US$16 million purchase comes after Animoca bought game…
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Bored Apes set for movie debut with Coinbase
Bored Ape Yacht Club (BAYC) will make its silver screen debut in a film trilogy produced in partnership with Coinbase, the Nasdaq-listed cryptocurrency exchange announced on Tuesday. See related article: Apes Gone Wild! BAYC ‘selling like crazy’ amid otherwise sluggish NFT market Fast facts The first film in the short animated trilogy entitled “The Degen…
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Twitter hacker takes over verified accounts to promote fake Azuki NFT drop
India’s Ministry of Education was one of the latest victims in a series of hacks against verified Twitter accounts promoting fake Azuki non-fungible token (NFT) airdrops. See related article: Azuki spikes past Bored Apes in daily sales Fast facts India’s University Grant Commission (UGC), which has more than 295,000 followers on Twitter, was hacked on…