Tag Archives: AA News

Figment – a company that provides blockchain infrastructure and protocol staking – announced a $110 million Series C fundraise at a $1.4 billion post-money valuation. The investment was led by Thoma Bravo – an American private equity and growth capital firm. Figment to Work on the Web3 Ecosystem Apart from Thoma Bravo, the funding round was supported by many other giants in the financial field. These include Counterpoint Global (one of Morgan Stanley’s equity teams), Binance...

Despite the project’s promotion and hype, Ubisoft Quartz Beta hasn’t proven very popular. Almost two weeks after launch, the NFT collection of weapon skins and equipment has barely generated $400 in revenue – only 15 sales. Ubisoft’s NFT Flop Liz Edwards – senior character artist for Apex Legends – called out the company’s sales numbers on Sunday. According to Rarible and Objkte – the NFT marketplaces that Ubisoft Quartz’s site links to – only fifteen NFTs in the collection...

From being dismissed as a passing fad to slowly disrupting the art and music industry, if anything history has taught us – is that the significance of any invention or innovation becomes clear when the hype fades. The NFT phenomenon, on the other hand, seems quite different. The latest Google keyword search data demonstrated that interest in this space has surged to record levels. After Dogecoin, NFT Google Searches Near Bitcoin Thanks to the initial frenzied speculation and...

As the cryptocurrency industry progresses towards a mainstream adoption stage, Dubai, one of the seven emirates in the United Arab Emirates (UAE), also continues to solidify its position as one of the top crypto-friendly jurisdictions in the world. DWTC to Become Crypto Zone In a recent update from the nation, Dubai authorities have declared that the Dubai World Trade Center (DWTC), a government-owned event and exhibition venue, will soon become a comprehensive zone and...

The self-described compounding yield optimizer – Grim Finance – has reported being hacked in a reentrancy exploit with the attacker swiping up to $30 million worth of Fantom tokens. The DeFi protocol took it to Twitter on Sunday to inform its users about the hack. The team described it as an “advanced attack,” in which the perpetrator exploited the project’s vault contract through five reentrancy loops. This enabled the attacker to fake five additional deposits into a vault...

Although bitcoin is already more than 30% down from its ATH marked last month, Peter Brandt believes that the asset might not have reached its bottom yet. The CEO of Factor LLC noted that there hasn’t been a high volume panic capitulation yet to outline that bottom as with previous corrections. Bitcoin Is Yet to Bottom Out? It was just over a month ago when the entire cryptocurrency landscape was highly bullish on positive developments coming from all directions. Perhaps the...

Flori Marquez – Co-Founder of the cryptocurrency custodian BlockFi – expects FOMO to be the main factor, which will drive digital asset adoption in the next year. She concluded that the other two elements will be the talent shifting from traditional industries to the crypto sector and regulatory clarity. FOMO Will Be a ‘Huge Driver’ In a recent interview for Yahoo Finance, Flori Marquez – Co-Founder at BlockFi and Senior Vice President of Operations – opined that the digital...

Blockchain-based gaming is the latest hot trend in the cryptocurrency space. 2021 has set the stage for more capital inflow and expansion of the sector as major players continue to hop in. French gaming giant Voodoo, best known for its hyper-casual games, plans to invest $200 million in 2022 in new studios developing blockchain-based games. Voodoo Powering Blockchain-based Gaming Sector As the company announced, its investment in the sector will be deployed to fund...

One of the largest supermarket chains in Mexico – Elektra – allowed customers to pay their bills in bitcoin instead of fiat currencies. To process the cryptocurrency payments, the company partnered with BitPay. At the same time, the South Korean-Japanese video game publisher – Nexon – enabled players to purchase in-game items with digital assets. Elektra Joins The Crypto Club The behemoth became the first retail store in Mexico to accept bitcoin as a payment method. The...

Uniswap Labs – the developers behind Uniswap, the largest exchange in DeFi – released a series of important features to enhance pricing as well as optimize the gas cost of swaps. What Does the Update Have in Store? Uniswap Labs have now released an updated Auto Router that enhances trade prices to a greater extent by routing trades across both Uniswap v2 and v3 pools. With this, users will be able to track the true cost of a swap in real-time directly from the App interface....