Tag Archives: News

Bastion plans to use the funds to scale its operations, attract top engineering talent, and secure additional licensing to diversify its product offerings. Bastion, a newly launched Web3 startup co-founded by two former executives from Andreessen Horowitz‘s digital assets venture division a16z Crypto, has secured $25 million in a seed funding round despite recent challenges in the venture capital landscape. In an official press release on September 18, the company announced that its former...

Zodia Custody will now offer yield on digital assets to institutional clients in addition to providing its custody services. Zodia Custody, a leading crypto custody platform owned by banking giant Standard Chartered, will start providing yield on crypto holdings owned by its institutional clients. To bring this to fruition, Zodia Custody has partnered with OpenEden, a Singapore-based startup that brings real-world assets to the blockchain. Zodia Custody will use this partnership to connect...

The amount to be charged has not been revealed. Currently, the X platform has 550 million monthly users who generate 100 to 200 million posts every day. On Monday, tech billionaire Elon Musk had a conversation with Israeli Prime Minister Benjamin Netanyahu. The discussion was mostly about the theoretical risks of artificial intelligence technology and AI regulation. During the talks, Elon Musk also shared his plans for the upcoming future and revealed that the X platform (formerly Twitter)...

ADA price is attempting a fresh increase above the $0.250 zone against the US Dollar. The price is now trading above $0.250 and the 55 simple moving average (4 hours). There was a break above a key bearish trend line with resistance near $0.2515 on the 4-hour chart (data feed via Coinbase). The price could gain bullish momentum if it clears the $0.2555 and $0.2600 levels. Cardano price is holding the $0.250 support against the US Dollar, like Bitcoin. ADA price...

Ethereum price is moving higher above the $1,600 resistance against the US Dollar. ETH price is now trading above $1,600 and the 55 simple moving average (4 hours). There is a major bullish trend line forming with support near $1,625 on the 4-hour chart (data feed from Coinbase). The pair could climb further if it stays above the $1,600 support zone. Ethereum price is rising above the $1,600 level against the US Dollar. ETH/USD could rise further if it clears the...

There are a lot of big and exciting things happening in the world of blockchain gaming. For starters, Gala Games is joining hands with the Elixir Games Launcher distribution platform to ensure its new series of web3 gaming titles can reach larger audiences. Gala Games and Elixir Are Coming Together Via Blockchain Gala offers a strong number of web3 games including “Town Star” and “Spider Tanks.” While they’re popular, the list of current players is somewhat...

The merger between Hut 8 and USBTC is not just a significant event within the crypto space, it also holds great promise for investors and the broader financial markets. In a recent development, Hut 8 Mining Corp (NASDAQ: HUT) has received final approval from the British Columbia Supreme Court for its merger with US Bitcoin Corp (USBTC). The Journey to Merger Between Hut 8 and USBTC The merger between Hut 8 and USBTC was first announced in February 2023, marking a pivotal moment in the...

Base – the highly anticipated layer-2 network of popular digital currency exchange Coinbase – is now live and has been available for public trading since August 9. Coinbase Allows Base to Go Live Jesse Pollak – the lead for Base and the head of protocols at Coinbase – explained in a recent podcast that the network underwent a lengthy period on the test net between February and July of this year. He commented: We’ve reached a point where we felt there was a...

Aside from the EU, Hong Kong and the United Kingdom have also made progress with crypto regulation. Malta’s Financial Services Authority (MFSA) has begun a public consultation on the proposed changes to its crypto rulebook. The regulator circulated a draft document representing the revised version of its crypto regulation on Monday. Malta issued the rulebook for the first time in February 2019. Since then, the document has passed through five revisions to align it with best practices...

In pursuit of this mission, Swisstronik has recently unveiled two groundbreaking milestones. The startup closed a seed funding round, amassing an impressive $5 million. The second pivotal development by Swisstronik is the initiation of a private token sale, targeting early adopters. Swisstronik, a Web3 compliance startup based in Switzerland, is making significant waves in the blockchain industry. What truly sets the company apart is its steadfast dedication to addressing one of the most...