What is Web 3.0 and how will it shape the crypto future?
By returning data ownership and reshaping human-machine interactions, the third generation of the internet promises an interconnected future.
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Memecoins prove their staying power, despite industry skepticism
Last weekend’s rally shows there is still life left in memecoins. Industry insiders weigh in on where they stand in the long run.
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Crypto helps fund Ukraine defense against Russia
Ukrainian activists and volunteer groups are crowdsourcing significant money through crypto donations to fund the defense against a possible Russian invasion. Fast facts Ukrainian non-governmental organizations (NGOs) and volunteer groups have collectively received over US$570,000 in crypto, with the majority of funding coming in last year, data from blockchain analysis firm Elliptic shows. Come Back…
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Indian crypto exchange CoinDCX crosses 10 million user mark
Indian crypto trading exchange CoinDCX says it has crossed the 10 million user mark. Fast facts CoinDCX had 3.5 million customers as of August last year. CoinDCX became India’s first crypto unicorn after its Series C funding round led by former Facebook co-founder Eduardo Saverin’s B Capital and others. Established in 2018, the company’s milestone…
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Kakao Games rebrands subsidiary to focus on crypto, blockchain, Web 3.0
Kakao Games announced Tuesday that Friends Games, its subsidiary, will now become Meta Bora to focus on blockchain-based games and entertainment supporting its Bora cryptocurrency. Fast facts “We will work our hardest to help the development of the Web 3.0, such as in blockchain and the metaverse, by integrating Kakao Games’ game industry network and insight…
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Bybit teams up with Cabital for more fiat-to-crypto options
Singapore-based cryptocurrency exchange Bybit has teamed up with Cabital, a Hong Kong-based crypto wealth management platform, to offer users more fiat on-ramp pathways to buy crypto. Fast facts Bybit said Tuesday in a statement that through the partnership, its users can use EUR and GBP to buy crypto on the Bybit platform and transfer crypto…
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How DeFi can kickstart a sustainable post-pandemic economy
Decentralized finance has not yet done much real-world good, writes Ben Sheppard. But putting it to work on small infrastructure projects can do just that.
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Web 3.0 developer Alchemy reaches $10B valuation
Web 3.0 blockchain developer Alchemy announced on Tuesday that it has raised an additional US$200 million, bringing its valuation to US$10.2 billion. Fast facts Led by venture capital firms Lightspeed and Silver Lake, the funding is a continuation of its Series C round launched in October where it raised US$250 million at a US$3.5 billion…
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Hong Kong to propose bill to license crypto exchanges
The Hong Kong government intends to propose a licensing system for crypto exchanges, according to a discussion paper published on Monday. Fast facts The proposed amendments to the Anti-Money Laundering and Counter-Terrorist Financing bill will designate any crypto exchange as a “regulated virtual asset activity” and any person who seeks to engage in this work…
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3D NFT marketplace coming to Polygon via Smart MFG
Smart MFG, a blockchain-based supply chain decentralized finance firm, has integrated with Polygon to launch Phigital, a 3D marketplace for non-fungible tokens (NFT). Fast facts Phigital will focus on interoperability of 3D assets across metaverses, and NFTs with real-world use cases. The movement of different assets and NFTs across metaverses has been one of the…