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.
KuCoin Rolls Out Decentralized Crypto Wallet to Aid Web3.0 Exploration
The Seychelles-based crypto exchange KuCoin has rolled out a decentralized product dubbed KuCoin Wallet, supporting multiple tokens trading and multi-chain aggregation.
Market Overview: Play-to-Earn Coins Pull Back Following BTC and ETH
The bearish trend continues in the crypto market. Bitcoin and Ethereum have been on a losing streak the whole week, although they seem to have gained some of the value back in the last 24 hours.
Japan's Akatsuki Raises $20m Fund for Investing in Web3 Projects
Japan's Akatsuki announced that it has raised a $20 million fund for investing in web3 projects, according to The Block.
Animoca Brands Subsidiary Lympo Launches SPORT Token
Animoca Brands subsidiary Lympo launched the SPORT token to replace the Lympo utility token LMT.
UAE Mall Majid Al Futtaim Signs Strategic Partnership with Binance Exchange
The partnership is a big step between Majid Al Futtaim and Binance, enabling customers of Majid Al Futtaim to enjoy a new shopping experience by enjoying web3 technologies.
Singapore Regulator MAS is Exploring Use of Cases in Digital Assets
The Monetary Authority of Singapore (MAS) has launched Project Guardian, a sandbox initiative that is set to explore a number of defined use cases with respect to asset tokenization on the blockchain.
NOW Wallet to Support the Cashback Feature
Cashback feature is now available to all NOW Wallet users. Anybody who joins ChangeNOW Pro can receive 0.1% cashback from all their transactions in NOW tokens. Customers can earn up to 5000 NOW per month until the end of the year.
ChangeNOW Supports LUNA 2.0 and LUNC
Instant crypto exchange service ChangeNOW allows for swapping LUNA – the coin of the new Terra 2.0 blockchain, as well as LUNC, the old mainnet’s token.
BIGG Digital Assets Inc.Releases Q1 Result, Revenue Hits up to $2.5m
Canada-based cryptocurrency company BIGG Digital Assets Inc. announced its financial results for the first quarter of 2022, with total quarterly revenue of $2.5 million.
Gold Guaranteed Coin Mining Introduces Tokenised Gold Investment
Gold Guaranteed Coin Mining has launched the Gold Guaranteed Coin (GGCM), which uses blockchain technology to digitally store physical gold.