Hong Kong Investors Launch $100M Fund for Web3 Startups
Hong Kong is once again opening up to the crypto market, as local investors launch a $100 million fund to finance the digital industry. The new fund, ProDigital Future, will…
Animoca Brands refutes claims of scaling back metaverse fund target and plummeting valuation
Animoca Brands, a venture capital firm and Web3 game developer, has refuted recent claims that it has scaled back its metaverse fund target by $200 million, or 20%, amid volatility…
Animoca Brands refutes claims of scaled back metaverse fund and plummeting valuation
Animoca Brands, a venture capital firm and web3 game developer, has denied recent reports that it has scaled back its metaverse fund target and experienced a significant drop in its…
Banks increase risks to stablecoins
The recent depegging of Circle's USD Coin (USDC) caused a stir in the cryptocurrency market, with Binance CEO Changpeng "CZ" Zhao pointing fingers at traditional banks for their role in…
Weekly Crypto Market Performance Review Amid FTX Implosion
The digital currency ecosystem is trading with massive volatility that was engineered by the collapse and eventual bankruptcy of the FTX derivatives exchange over the past week. The combined crypto…
Grayscale Investments Files Claim over Ethereum Proof of Work Token after the Merge
Grayscale Investments, a leading investment partner for digital currencies is set to distribute Ethereum Proof of Work (ETHPoW). The distribution will come following the “Merge’’ as a result of a…
Ethereum PoS Might Be Still Heavily Centralized: Santiment Data
Ethereum as a Proof-of-Stake (PoS) consensus model is still in its infancy, and on-chain data has started picking up some minor flaws in its organization. According to data from blockchain…
Ethereum Miners Realized $756M in August Pending The Merge
Miners on the Ethereum blockchain have made the sum of $756 million while gearing up for The Merge which will take place later in this month. According to a report…
75% Investors Joins Crypto Space due to GameFi, Survey Shows
ChainPlay, a one-stop platform for all-things blockchain gaming, released a survey on Sunday showing that a set of investors are joining the cryptocurrency landscape because of gaming activities. The ChainPlay…
Market Slips Into a Bear Motion, Fate in The Merge of ETH Might Reboot Positive Sentiment
The volatility inherent in the digital currency ecosystem may seem stabilized at the moment, but a deeper insight into on-chain analytics shows more indeterminate trends are at play. These trends…