Tag Archives: AA News

Kyber’s team stated that expensive gas fees and the network congestion on Ethereum left users, creating a need to solve it through Layer-2 scaling solutions such as Arbitrum. The main objective behind the multi-chain decentralized exchange (DEX) and aggregation platform – KyberSwap announcing its launch on the scaling solution – Arbitrum network – is to enable users to conduct faster and cheaper trades. KyberSwap on Arbitrum According to the official blog post, Arbitrum is...

Griffin Gaming Partners – one of the world’s largest gaming-focused venture funds – has raised $750 million to be focused on the industry, partially including the web 3 / blockchain-based gaming segment. Founding partner Nick Tuosto told Forbes that the fund’s definition of “gaming” includes gaming content creation, platforms for social communication surrounding games, and blockchain/ web 3 related titles. This second fund is far larger than the company’s first, which was...

Immutable X – a layer 2 NFT trading platform built on Ethereum – announced the closing of a $200 million Series C funding round on Monday. Led by Singaporean investment company Temasek, the round brings Immutable’s valuation up to $2.5 billion. Expanding the Team 5 other new investors also partook in the round, including Princeville Capital, Arrington Capital, ParaFi Capital, Mirae Asset, and Liberty Global. Meanwhile, existing investors such as Prosus Ventures, AirTree...

As the war continued to rage, ruble-denominated Bitcoin values rose sharply. Authorities are now looking for ways to minimize use in dodging financial sanctions. And while the recent activity demonstrated that a collapsing ruble might be driving Russians into Bitcoin, FTX CEO – Sam Bankman-Fried – believes the sanctions have made it difficult for them to access digital assets. In the latest interview with CNBC, SBF acknowledged witnessing an enormous amount of digital asset...

The US government and EU authorities said over the weekend that they are considering banning Russian oil imports. Shortly after, the ruble dumped by another 10%, while oil prices skyrocketed during early Monday trading hours. Ruble Dumps, Oil Soars Following President Putin’s “special military operation” against Ukraine, which became an all-out war between the two former Soviet states, the EU and the US began imposing sanctions against Russia instead of getting directly...

Binance has just donated to help the children of Ukraine in their country’s ongoing war against Russia, joining a growing wave of individuals within the crypto ecosystem who are giving money and taking a stand for the country’s struggle. Binance Charity, the non-profit charitable arm of Binance, announced a $2.5 million cryptocurrency donation to UNICEF. The goal is to help cover the organization’s expenses as it supports Ukrainian children and families who have been affected...

Louisiana state legislature is considering a bill to facilitate crypto contributions to political campaigns. Sponsored by Republican Party Representative Mark Wright, the bill seeks to lay down a legal framework for making cryptocurrency donations to political parties and political leaders.  Crypto Contribution for Political Campaigns House Bill No. 170 intends to “allow a candidate to receive campaign contributions in the form of cryptocurrency” by amending and reenacting...

Visa and Mastercard joined the growing list of western financial companies that announced plans to withdraw from Russia. Looking for alternatives, the nation’s central bank said it has turned to China’s UnionPay system. President Vladimir Putin launched a “special military operation” against Ukraine less than two weeks ago, which still continues until this day with no real endgame in sight for either side. NATO and the EU decided not to escalate the conflict by getting...

Last year, Facebook rebranded its company name to Meta in a bid to pioneer the metaverse field, and ever since, this word has spread around like wildfire. Non-fungible tokens (NFTs), on the other hand, were undoubtedly the hottest topic of 2021, and this trend seemingly carried through in 2022 as well. Now, however, it appears that retail interest in both is fading. Google Trends Data Alarming Data from Google Trends is usually a good way to gauge the retail interest in...

Dappradar just released its February 2022 Dapp industry report and found steady activity across the blockchain and DeFi space in the face of bearish market conditions. Meanwhile, the NFT market appears to have entered a consolidation phase. A Quietly Growing Industry According to the report from DappRadar, interest from governments and financial institutions in web 3 technologies is on the rise. They are finding increasing use-cases for blockchain and various ways to embed it...