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” Ethereum L2 Boba Network valued at $1.5B following Series A “ Hybrid computing platform Boba Network has joined the “crypto unicorn” rankings after raising $45 million in Series A funding, underscoring the investment appeal of Ethereum layer-2 scaling solutions. The funding round had participation from several crypto-focused venture funds including Infinite Capital, Hypersphere, 10X…
” ‘Our democracy will better evolve because of DAOs,’ says Animoca’s Yat Siu “ The rise of Web3 has paved the way for new business models that could shape the next phase of the internet. For instance, nonfungible tokens (NFTs) will play a large part in the open metaverse as the underlying assets people interact…
” FTX US to invest in IEX stock exchange to launch digital securities “ Sam Bankman-Fried’s cryptocurrency exchange FTX continues aggressively investing in traditional finance, with the United States-based affiliate FTX US investing in Investors Exchange (IEX), a U.S. national stock exchange. FTX US has signed an agreement to make a strategic investment in the…
” Crypto venture capital firms see surging assets under management “ Venture capital (VC) firms focused on Web3 projects and crypto businesses are accumulating billions of dollars worth of assets under management as more capital is injected into the sector. The assets under management figure for Web3 and crypto investment firm Paradigm has recently been…
” Shopify facing another lawsuit from crypto holders over Ledger data breach “ Global e-commerce platform Shopify and hardware wallet maker Ledger face a major legal hurdle as a group of Ledger users have filed a class-action lawsuit for its part in failing to prevent a massive data breach in 2020. The suit was filed…
” In the US, public-private state associations form networks of support for crypto businesses “ When you think of a crypto-friendly U.S. state, Washington is hardly the first to come to mind. Yet, a lot has been happening on the ground in the Pacific Northwest lately. Washington Governor Jay Inslee signed a bill, SB5544, into…
” Intel launches new Bitcoin mining chip Blockscale “ On Monday, semiconductor manufacturing titan Intel unveiled its new Bitcoin (BTC) mining chip, Blockscale. The application-specific integrated circuit, or ASIC, hardware is designed to operate on proof-of-work blockchains using SHA-256 encryption. As told by Intel, Blockscale will have a hash rate of up to 580 gigahash…
” ‘Green oasis’ for Bitcoin mining: Norway has almost 1% of global BTC hash rate “ Bitcoin (BTC) mining in Norway is 100% renewable and “flourishing” according to a report by Arcane Research. “A green oasis of renewable energy,” Norway contributes almost 1% to the global hash rate and is almost entirely powered by hydropower….
” Ledger partners with The Sandbox to promote crypto education in metaverse “ The cryptocurrency hardware wallet provider Ledger has partnered with The Sandbox blockchain game to promote crypto education in its virtual world. Ledger’s chief experience officer Ian Rogers announced the news at the Non-Fungible Conference (NFC) on Monday. He said that the new…
” Why is a Guatemalan Mayor mining Bitcoin? Tackling FUD with biogas and BTC “ The Bitcoin (BTC) community is at it again, dismantling FUD and orange-pilling officials in far-flung destinations. At the foot of Lake Atitlán, a bucolic yet impoverished region of Guatemala, a Bitcoin project has managed to get a miner into the…