Gameplay Galaxy, a rising star in the blockchain gaming sector, has recently secured an impressive $11.17 million in a seed extension round. This latest funding has brought the company’s total valuation to $71 million, with a total funding of $24 million. The primary focus of this seed extension round is to support the development of
Maker, a prominent DeFi lending protocol on Ethereum, has recently undergone a rebranding to “Sky” alongside upgrades to its decentralized stablecoin system. Along with this rebranding, the stablecoin DAI has been transformed into USDS, and the governance token MKR has been changed to SKY. This move signifies a new chapter for Maker and its community.
Meta’s recent decision to cancel the development of their next-gen mixed-reality headset has sent ripples through the tech community. CEO Mark Zuckerberg and other executives made the call after a product review meeting where they deemed the project unviable. Initially positioned as a direct competitor to Apple’s Vision Pro, the cancellation was primarily driven by
The recent settlement between the US Securities and Exchange Commission (SEC) and crypto lending firm Abra serves as a stark reminder of the importance of regulatory compliance in the cryptocurrency industry. The SEC filed charges against Abra for failing to register its crypto asset lending product, Abra Earn, and against Plutus Lending LLC, Abra’s owner,
France has emerged as a favored destination for major crypto businesses over the past decade. Companies like Binance, Crypto.com, and Circle have chosen Paris as their European headquarters. The country boasts of favorable tax rates, a diverse talent pool from across Europe, and a strong emphasis on innovation in the Web3 space. Additionally, France was
Sony Blockchain Solutions Labs, a subsidiary of the Sony Group, has partnered with Startale labs to introduce an innovative blockchain platform named Soneium. The primary goal of this project is to bridge the gap between Web3 and Web2, making blockchain technology more accessible and user-friendly for the general population. The focus is on creating a
The US government has recently responded to Ryan Salame’s attempt to void his guilty plea, which he argues was based on false promises from prosecutors regarding their investigation into his partner Michelle Bond. The US Attorney’s Office called Salame’s claims “demonstrably false,” emphasizing that the charges against Bond are distinct and ongoing. Salame, who was
With the cryptocurrency market experiencing a period of uncertainty and volatility, all eyes are on the upcoming Pectra upgrade for the Ethereum network. Scheduled for the first quarter of 2025, this major upgrade is generating excitement among analysts who believe it could be a game-changer for Ethereum’s price trajectory. According to DeFi researcher DeFi Ignas,
Shan Hanes, the former CEO of Heartland Tri-State Bank (HTSB), was sentenced to 293 months in federal prison for embezzling a staggering $47.1 million in a cryptocurrency fraud scheme. His actions led to the collapse of the bank, leaving investors reeling from the $9 million loss they suffered. The Scheme Unveiled Hanes executed 11 unauthorized
Bitcoin Exchange-Traded Funds (ETFs) have been dominating the market recently, with a significant increase in investments over the past week. The largest US-based Bitcoin ETFs saw a total of over $500 million being allocated to them, indicating a strong investor interest in the cryptocurrency. Despite a rough start at the beginning of the month, with