BLOCKCHAIN
Blockchains incorporate several important features such as immutability, encryption and distributed storage, which combined makes secure peer-to-peer transactions possible and in turn has created the means to end human dependence on credit and thus credit intermediaries. Due to these features, blockchain has been referred to as ‘the Trust Machine’ and is forecasted to transfer the trust from agencies and institutions which are enforced by law to machine-based networks guaranteed by technology and mathematics.
The web3 gaming company Kryptomon partners with Unstoppable Domains
The web3 gaming company Kryptomon which develops the living-NFT-powered metaverse game combining Play-and-Earn gaming mechanics, announced today its partnership with Unstoppable Domains, the leading provider of Web3 domains.
Upland and FIFA Officially Launch the FIFA World Cup Qatar 2022™ Experience in The Upland Metaverse
Upland and FIFA have today announced a multi-year partnership that allows the Upland community and football fans worldwide to collect, trade, and own FIFA digital assets and game video highlights, pursuing a joint mission to help fans get a better understanding of how the metaverse and web3 work.
Crypto Prime Broker Hidden Road Partners Urges Clients to Liquidate FTX Positions
Cryptocurrency prime broker Hidden Road Partners is expected to complete the liquidation of its FTX.com holdings tonight, according to Bloomberg.
Sequoia Capital's $213.5m Investments in FTX Marks Down to $0
Amid the liquidity crisis in FTX, Sequoia Capital announced to mark down its FTX investment to $0.
Lionel Messi Becomes Sorare’s Brand Ambassador and Investor
Lionel Messi, a football star who has bagged seven Ballon d’Or Awards, has joined hands with Sorare to be its brand ambassador and investor.
Indonesia Plans to Strengthen Security for Crypto Investments
The Financial Service Authority (OJK) of Indonesia will oversee the regulation, supervision and oversight of crypto investments to improve protection for investors, the Southeast Asian country's minister said on Thursday.
HashKey Group Secures Licenses from Regulator to Operate Virtual Asset Trading Platform
Hong Kong-based digital assets company HashKey Group announced it has secured regulatory approval from the Securities and Futures Commission of Hong Kong (SEC) to operate a virtual asset trading platform.
Binance Bails Out From FTX Takeover Deal
Binance on Twitter announced the crypto exchange has ended the acquisition plan because, among other reasons, FTX has mishandled customer funds.
EU Parliament Passes Cybersecurity Legislation for Crypto and Fintech Firms
The European Parliament has passed a bill titled Digital Operational Resilience Act (DORA) addressing the cybersecurity of crypto and fintech companies.
Tron DAO to Purchase 1 billion USDT to Combat Short Sellers
The Tron Dao reserve is now set to purchase 1 billion USDT to combat short sellers and bring the stablecoin USDT back to its normal price.