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    South Korean Government to Invest $177.1 Million in Metaverse Projects

    South Korea, a nation known for its strict crypto regulatory stance, is betting big on the metaverse. The government will invest over 223.7 billion won ($177.1 million) directly in various metaverse projects. The program is headed by the country’s science and information and communication technologies ministry led by Lim Hyesook. Hyesook called the metaverse “an uncharted […]

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    TRON Achieves Multiple Massive Milestones in May

    TRON celebrated a record month of May, achieving multiple massive milestones in a few short weeks. From forging strong relationships with issuance platforms like Tether and Circle to establishing the TRON DAO Reserve and launching USDD based on the TRON platform, TRON has built a robust stablecoin armada that includes USDT, USDJ, TUSD, USDC, and […]

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    Elon Musk: Dogecoin Co-Founder “Jackson Palmer is a tool”

    Elon Musk has fired back at Dogecoin co-founder Jackson Palmer for his recent claims that the Tesla CEO doesn’t understand basic code. Musk’s comments were a response to a recent interview with Palmer, where the Dogecoin creator recounted a Twitter interaction he’d shared with Musk many years ago. Unlike Palmer, Markus has a far more […]

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    Japanese Entertainment Firm Akatsuki Raises $20 Million to Invest in Web3 Projects

    Japanese entertainment and gaming firm Akatsuki said on Wednesday that it has raised a $20 million fund focused on investing in web3 projects. The business has form for investing in crypto-adjacent projects, having funded more than 20 early stage startups, including rapidly scaling move-to-earn startup Stepn. Earlier in May, venture capital firm Andreessen Horowitz launched […]

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    Luxury Fashion Giant Prada to Launch Ethereum-Based NFT Collection

    Renowned luxury brand Prada expands its presence in Web3 with the upcoming launch of a new NFT Collection. According to the company’s website, the 100 Ethereum-based NFTs are a corresponding supplement to the physical Prada Timecapsule, a series of fashionable black or white shirts launched back in 2019. Forbes’s coverage indicates that the price of […]

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    Binance Labs Raises $500M to Invest in Web 3 and Blockchain Companies

    Binance Labs, the venture capital arm of cryptocurrency exchange Binance, has raised $500 million to establish a fund that will invest in web 3 and blockchain companies. The fund will make investments across companies in three stages: Incubation, early-stage venture, and late-stage growth. Binance Labs’ fund is the latest in a string of recently established […]

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    All-Time NFT Sales on Ethereum Blockchain Surpass $25 Billion

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    Ethereum continued to cross milestones in the non-fungible token space after extending its lead as the biggest blockchain by all-time sales volume. According to Be[In]Crypto Research, Ethereum had a total sales volume of approximately $27.50 billion as of May 31. The milestone puts Ethereum ahead of Ronin, Solana, Flow, and Polygon as the top five […]

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    Billionaire Tim Draper: Bitcoin Will Reach $250k by the End of 2022

    Billionaire venture capitalist Tim Draper still firmly believes his lofty $250,000 bitcoin price prediction will come to pass this year spurred by women. Tim Draper told veteran crypto trader Scott Melker that he’s standing by his bullish $250K bitcoin price target for this year. Draper has reiterated several times that the price of bitcoin is […]

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    A Panamanian Bank Embraces Bitcoiners, Declares Itself Friendly

    In a bitcoin meetup organized by the Panamanian Chamber of Digital Commerce and Blockchain, Towerbank Product Vice President Gabriel Campa said that Towerbank is studying the ecosystem of cryptocurrencies. The executive added that as part of the study they are carrying out, the bank is launching its Crypto Friendly account to have an approach with cryptocurrency […]

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    Binance Is Partnering With Tech Companies to Tighten KYC Process

    Global crypto exchange Binance is announcing new partnerships with tech companies to shore up its know-your-customer controls and enforcement of sanctions. According to a new press release, Binance is teaming up with data analytics and security company Kharon and screening provider Neterium to prevent illegal activities by bad actors and sanctioned entities. As per the […]

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    Four Coinbase Executives Combined Unload More Than $1B Worth of Shares

    Four of Coinbase Global’s leaders have collectively reaped more than $1B by selling shares since the cryptocurrency exchange listed its shares for public trading last spring, according to analysis of regulatory filings by the. During the same period the company’s shares have dropped by 82%. The four executives – co-founders Brian Armstrong and Fred Ehrsam, […]

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