Bitget, the esteemed crypto exchange, has recently launched some new funds that are specifically geared toward promoting several upcoming Web3 projects. The fund has already amassed an impressive $100 million for its initial investment, which underscores Bitget’s unwavering confidence in the future of Web3. Main Goal of this Fund The main objective of this fund…
The decentralized finance (DeFi) exchange project Terraport Finance announced a security breach on its liquidity wallet on April 10. The hacker reportedly drained all liquidity pools from the platform, causing losses of approximately $2 million worth of digital assets. Terraport is currently working with community members and major exchanges to secure as many of the…
NFTs have been hot this week, with sales skyrocketing by a whopping 138.15% compared to the prior week. Between February 19th and 24th, an eye-popping $801 million worth of NFTs was exchanged, confirming the meteoric growth of these revolutionary non-fungible tokens. Even more impressive is that this increase was achieved even though many experts have…
Morpheus Labs, Blockchain Solutions, Deep Brain Chain, Polygon and Huawei Cloud have joined forces to leverage the broad array of Metaverse and Web3.0 opportunities. The revolutionary collaboration was announced by Pei-Han, CEO of the blockchain platform on February 23, marking an important milestone for both companies. With this forward-thinking venture, users will be able to…
JPG Store improves its site’s language translations to provide easier access for international artists to create NFTs for a global community of buyers [ GLOBAL ] – February 28, 2023 – Today, JPG.Store announced the launch of Language Localization, a feature which improves the quality of the site’s translations for the benefit of its global…
In a highly ambitious move, some of Japan’s leading financial and technological institutions have come together to form an innovative metaverse infrastructure project. To provide users with convenient payment systems, reliable authentication services, and comprehensive insurance options across multiple platforms, this collaborative effort is poised to revolutionize how digital assets are handled in the modern…
Yuga Labs have unveiled an ordinal inscription collection TwelveFold, their newest and most ambitious foray into the NFT space. This collection is set to revolutionize blockchain technology with its unparalleled utilization of the bitcoin blockchain. With eye-catching features that encourages enthusiasts from all over to partake in this unique corner of the crypto sphere, it…
Binance US, the American branch of the global cryptocurrency giant Binance, is reportedly accused of running an unregistered securities exchange. This news comes as a shock to the American crypto community. Thanks to the SEC’s scrutiny of companies that violate securities laws in the cryptocurrency space as this revelation is part of this ongoing clampdown…
To bring improvement in the customer experience, the State Bank of Pakistan (SBP) has called on all commercial banks to begin leveraging blockchain technology for customer identification, or Know Your Customer (KYC) verification. The incorporation of blockchain technology will enable banks to prevent money laundering, terrorism financing, decreasing the paperwork involved in the process of…
Virtual reality has emerged as a disruptive technology that has the potential to revolutionize many industries. The Metaverse is a concept that has gained popularity in recent years and is often described as a virtual world where people can interact with each other in real time. The Metaverse is becoming a reality thanks to advancements…
