Wire Network’s new protocol aims to end Web3 interoperability woes
The protocol promises to eliminate complexities seen with existing interoperability solutions and requires no bridges or oracles to integrate. Go to Source Powered by WPeMatico
Digital Asset
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Crypto funds under management drop to a low not seen since July 2021
Outflows from digital asset funds reached $141 million last week, a figure not seen since July 2021. Go to Source Powered by WPeMatico
Nifty News: OpenSea acquires Gem, and Chess.com makes a move into NFTs
OpenSea’s NFT empire just got bigger with its latest acquisition, while virtual influencer Rae creates an NFT collection to advance girls’ education, and online chess players can now turn memorable matches into NFTs with chess.com. Go to Source Powered by WPeMatico
Wildlife conservation efforts turn to NFT-funded initiatives
Coorest and the PLCnetwork of the Southern Hemisphere believe that blockchain and NFT technology are a solution for protecting endangered wildlife and funding costly conservation areas. Go to Source Powered by WPeMatico
Russian central bank needs to ease up digital asset projects, governor says
Elvira Nabiullina is concerned about the Bank of Russia not treating digital asset projects softly enough to attract funding and maintain the economy. Go to Source Powered by WPeMatico
South Korea Begins to Fulfill President Elect’s Pledge to Bolster the NFT Ecosystem
An announcement by South Korea’s Ministry of Culture, Sports and Tourism appeared to fulfill incoming President Yoon Suk-yeol’s pledge to bolster the metaverse ecosystem after saying it will adopt a non-fungible token (NFT) copyright policy. Supporting the Metaverse Ecosystem The South Korean government appeared to fulfill president-elect Yoon Suk-yeol’s campaign pledge after the Ministry of … Read more
Philippines’ fintech achieves unicorn status after embracing crypto payments
Voyager reportedly plans to integrate cryptocurrencies, micro investments and insurance products into PayMaya, which already includes a digital wallet. Go to Source Powered by WPeMatico
Sushi and Synthetix get the boot in Grayscale DeFi fund rebalancing
Crypto asset management firm Grayscale has added three new crypto assets to its funds and has kicked SushiSwap and Synthetix from its DeFi Fund following its first quarterly rebalance. Go to Source Powered by WPeMatico
New SEC guidance on accounting and disclosures rankles Commissioner Peirce
Peirce, sometimes referred to as the Crypto Mom, found the new guidance to be an example of the SEC’s “scattershot and inefficient approach to crypto.” Go to Source Powered by WPeMatico
UAE Venture Capital Firm Launches $100 Million Seed Fund for Blockchain and Crypto Projects
Cypher Capital, a United Arab Emirates (UAE)-based venture capital (VC) firm, has announced the launch of a $100 million seed fund that will primarily avail funding to decentralized finance (defi), gamefi, and metaverse projects. Mentoring of Entrepreneurs A United Arab Emirates (UAE)-based venture capital firm, Cypher Capital, recently announced it has launched a $100 million … Read more
