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.
Coinbase Adds Near Protocol to Roadmap with NEAR Token Skyrockets
NEAR Protocol's native token, NEAR, surged after cryptocurrency exchange Coinbase added it to Coinbase's listing roadmap.
Defi Wallet Unstoppable Finance Raises $12.8M in Series A Fund
Berlin-based Unstoppable Finance has announced a €12.5 million ($12.8 million) Series A round led by Lightspeed Venture Partners.
Metaverse Memecoin Tamadoge Raises $1 Million Midway Through Its Beta Sale
Tamadoge, the P2E metaverse meme coin, has raised $1 million after just 12 days of its beta sale. The beta sale began on July 25 and is scheduled to run until August 31, but will finish before then when the $2 million hard cap is reached. Once the presale has concluded, the TAMA token will be listed on LBank exchange.
Paradigm Shift amid Global Crypto Chain Reactions
Crypto industry leaders on Wednesday discussed the landscape change amid the market downturn over the past half year.
Crypto Popularity to Spur Growth in Blockchain-Powered Banking, Financial Services
The surging use of cryptocurrencies is expected to enhance the development of blockchain in the banking and financial services market, according to The Business Research Company.
Blockchain Identity Management Market to Hit $17.81B by 2030
The urge for digitization is expected to push the blockchain identity management market to $17.81 billion by 2030, according to a report by Market Research Future (MRFR).
NFT platform Pinata Announces Completion of $21.5m Series A Funding
Nebraska-based NFT platform Pinata announced the closing of a $21.5 million funding round.
RISC Zero Raises $12m in Seed Round Led by Bain Capital Crypto
RISC Zero, a startup that creates scalable blockchains with zero-knowledge (zk) technology, announced that it had raised a $12 million seed round led by Bain Capital Crypto.
CoinFLEX Files for Restructuring in Seychelles
CoinFLEX expects the restructuring plan will bolster the company’s operations. The firm wants its depositors and the court to approve the arrangement that will see it issue its depositors' recovery value USD tokens.
Hong Kong Can Serve Global Community through Web 3 Involvement: Ex-Financial Secretary
John Tsang, the ex-financial secretary, said that the virtual economy would be important to Hong Kong, encouraging the young generation to be active through web 3 involvement and technology adoption.