While the Ethereum blockchain has the community advantage, the competition with Solana is heating up thanks to the rise of blockchain-based play-to-earn games, which is now simply called GameFi. Founded by Scopely and Glu Mobile veterans, game developer and publisher Faraway announced that the studio has raised $21 million in a Series A funding round led …
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Bluzelle, a decentralized storage network, has announced the release of its mainnet R2 file storage system designed to enhance the decentralization of nonfungible tokens (NFT) and their corresponding data. The solution was created amid the rise in concerns around the lack of immutability on the InterPlanetary File System (IPFS) protocol, a relatively undiscussed model of …
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Strategists at financial services giant JPMorgan are raising doubts that the price of Bitcoin (BTC) could hit six figures over the coming months, according to a Bloomberg report. The report says that the current consensus predicting Bitcoin will reach at least $100,000 in 2022 can only come true if BTC’s volatility were to fall significantly. …
Blockchain gaming platform Enjin is establishing a new fund to support the development of the metaverse ecosystem and make it more decentralized. Enjin, a startup behind the nonfungible token (NFT)-focused blockchain Efinity, has formed a $100-million fund to support Efinity adopters as well as other related projects, the startup announced Thursday. “It is now time …
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Wider adoption for nonfungible tokens (NFT) and play-to-earn games appears to be on the horizon, as one of the biggest names in the gaming industry sees both as the future of the industry. Speaking at an earnings call, Andrew Wilson, CEO of major video game company Electronic Arts (EA), said that NFTs and play-to-earn games …
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According to Iran’s main blockchain organization, authorities have been remiss in their enforcement of cryptocurrency laws. The association is concerned about the government’s inactivity, offering its help to regulators that it feels are inadequately prepared to handle such a challenging task. Abbas Ashtiani, head of the Iran Blockchain Association (IBA), said that Iranian regulators such …
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Global payments giant PayPal is going after cryptocurrency wallet TokenPocket over an alleged trademark infringement. Apple has temporarily removed the TokenPocket wallet from the App Store, the company announced on Thursday. According to the firm, the reason for removal was a complaint from PayPal concerning an alleged trademark issue. TokenPocket said that it had received communications …
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Binance › Bitcoin · Ethereum › France › Exchanges Crypto exchange Binance, in association with France Fintech, a non-profit company, will aid in the expansion of French and European blockchain networks and the emerging crypto ecosystem in the region. Juhi Mirza · November 4, 2021 at 12:00 pm UTC · 1 min read Cryptocurrency exchange …
According to Barrons, an intelligence team from Binance is currently auditing the blockchain and is busy collecting relevant data and information that will assist authorities in capturing the perpetrators behind the Squid Game token scam. The lucrative SQUID crypto was inspired by the South Korean show “Squid Game” and had managed to soar high in …
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Crypto adoption and growth has continued at pace in 2021 as the amount institutional investors have invested in the industry this year is already 30% higher than the amount they invested in the whole of 2020. This was revealed by a report released by popular digital asset manager CoinShares. Bitcoin remains number one The Coinshare’s …
Chipper Cash, one of Africa’s biggest fintechs, recently concluded a Series C extension funding round in which it raised $150 million, a report by Techcrunch has revealed. New Investors Participate in Latest Round According to the report, this latest funding round — which was led by Sam Bankman-Fried’s FTX — comes barely six months after …
The Sandbox, a blockchain-based metaverse game, has scored an investment of $93 million to keep expanding its metaverse proposal. The funding round was led by Softbank’s Vision Fund 2, an investment vehicle that puts funds on early tech-based companies. Other investors in the round included Animoca Brands, True Global Ventures, Liberty City Ventures, and Galaxy …
Avalanche Foundation, the organization behind the Avalanche chain, has announced the launch of Blizzard, a fund that will entice development and innovation on the Avalanche ecosystem. The Fund, which has $200 million available for its task, is composed of contributions coming from Avalanche Foundation, Ava Labs, Polychain Capital, Three Arrows Capital, among other participants. Blizzard …
One closely followed crypto analyst is bullish on XRP and thinks that altcoins are in a prime position to outpace Bitcoin (BTC). The pseudonymous analyst known as Credible Crypto tells his 257,400 Twitter followers that XRP’s price structure looks very similar to data-sharing protocol OriginTrail, whose native token TRAC just rallied more than 300% following …
ARK Invest CEO Cathie Wood says that institutional investors and emerging markets can send the price of Bitcoin (BTC) surging to $760,000. In a new interview with Saxo Bank CIO Steen Jakobsen and head of equity strategies Peter Garnry, Wood explains why Bitcoin is the new asset class that institutions have been looking for. …
