Baton, Wormhole, Rokid, Saga, Bazooka Tango, Authentic, and Intract are among the latest startups to secure venture capital funding. November strengthened venture capitalists’ confidence in crypto and Web3 projects, with major funding rounds returning to the charts alongside seed capital for early-stage firms.  Cross-chain protocol Wormhole, for instance, secured a $225-million investment at a valuation of $2.5...Continue Reading

The Hong Kong-based crypto exchange had no KYC and was a major support for the darknet marketplace Hydra. Anatoly Legkodymov, co-founder and former CEO of cryptocurrency exchange Bitzlato, pleaded guilty to one count of operating an unlicensed money services business on Dec. 6. Legkodymov appeared in New York Eastern District Court in Brooklyn before Judge...Continue Reading

WonderFi is currently one of the largest digital asset operators in Canada. Bitbuy and Coinsquare, two of the largest crypto exchanges domiciled in Canada, have surpassed $1 billion CAD in assets ($736 million) under management. According to the Dec. 6 announcement by parent company WonderFi, the two entities currently hold $1 billion CAD in clients’...Continue Reading

Jamie Dimon has previously referred to cryptocurrencies as “decentralized Ponzi schemes” and Bitcoin as a “fraud.” JPMorgan Chase chair and CEO Jamie Dimon told several United States lawmakers that if he had the authority in government, he would try to shut down crypto. In a Dec. 6 hearing of the Senate Banking Committee on oversight...Continue Reading

Executives working in the gaming industry weighed in on potential Web3 gaming trends in 2024. In this week’s newsletter, read about how Michael Jackson’s first recording is coming to the blockchain and why the nonfungible token (NFT) lending protocol ParaSpace was rebranded to Parallel Finance. Check out how the Rarible ecosystem is furthering its commitment...Continue Reading

The platform allows clients to compare and benchmark quantum and classical algorithms for a given task. According to the Moody’s Analytics website, QFStudio is a software-as-a-service (SaaS) offering that will serve as “a continuous integration, benchmark, and delivery platform” for quantum computing solutions. The burgeoning quantum computing sector is expected to experience steady growth over...Continue Reading

Bitcoin is witnessing profit-booking by short-term holders, but institutional investors continue to put money into BTC investment products. Bitcoin (BTC) has been on a tear, rising more than 10% this week. This shows that traders are urgently scrambling to buy Bitcoin as they anticipate the price to rally further. CoinShares data shows that investors have...Continue Reading

According to the securities regulator, misleading information online could encourage individuals to invest in the HKD token issued by HongKongDAO. The Securities and Futures Commission (SFC) of Hong Kong has issued a warning related to suspected fraud involving crypto entities Hong Kong Digital Research Institute and BitCuped. In a Dec. 6 notice, the SFC said...Continue Reading

“We will assist the AEUR project team to provide reasonable compensation to affected users” within 72 hours, the exchange said. Crypto exchange Binance is reimbursing users and delisting the Anchored Coins Euro stablecoin (AEUR) after the token surged more than 200% in value after listing. According to the Dec. 6 announcement, Binance will compensate users...Continue Reading

Blockchain technology is facing backlash from players and gaming developers, forcing some studios to avoid “buzzwords” tied with Web3. Cointelegraph was on the ground during the second edition of the Madeira Blockchain 2023, held between Nov. 30 and Dec. 1. The event featured regional Web3 developments, as well as how the Portuguese islands are looking...Continue Reading