3 Members of Terraform Labs’ In-House Legal Team Abruptly Leave Amid LUNA, and UST Fallout
Three members of Terraform Labs’ legal team have left the company, according to their Linkedin profiles that show their departure from the firm this month. The resignation of the company’s in-house litigation, regulatory, general, and corporate counsel members follow the project’s fallout last week as the blockchain’s native crypto assets dropped significantly in value. Linkedin […]
BitcoinUSD․com Launches a Market Watch Site
PRESS RELEASE. BitcoinUSD.com, a website developed to educate the public on crypto exchanges and current prices, launched its new website. The new site provides more information on current cryptocurrency prices, live market cap, news and educational articles through its crypto blog. The new site offers a variety of features. These include information on various coins, […]
Web3 Gaming Company Metatheory Raises $24 Million With Backing From A16z, Pantera, and FTX
Metatheory, a Web3 gaming company founded in 2021, has announced it has raised $24 million in a Series A funding round. The investment round, which was led by big VC names in the crypto space like a16z, also had the participation of Pantera Capital and FTX Ventures. Kevin Lin, CEO of the company and co-founder […]
Australian Taxation Office to Focus on Capital Gains From Crypto Assets
The Australian tax agency has listed crypto-related profits among several priority areas where more efforts are needed to ensure correct reporting. The authority has reminded taxpayers they need to calculate any capital gain or loss from the sale of digital coins and tokens and record it in their tax returns. Australian Taxpayers Warned They Should […]
Win Grand Prizes in the Latest Decentraland Game Jam Contest!
Get those creative juices flowing, Decentraland returns with one of its coveted Game Jam contests, providing all-comers the chance to win exceptional prizes for their prowess in metaverse game design. This latest competition sees Decentraland partner up with metaverse engineer, Meta Game Hub Dao (MGH). Together, challenging the finest developers in the virtual realm to […]
The Sandbox Partners with RLTY for No-Code Event Management
For those looking to host a grand occasion in The Sandbox, life just got a whole lot easier. Metaverse events specialist, RLTY, has arrived to take the pain out of the entire process. Utilizing RLTY’s excellent suite of no-code event architecture, organizers can prepare an extravagant celebration with only a few clicks. As a result, […]
FTX Founder Sam Bankman-Fried Thinks Bitcoin Has No Future as a Payments Network
Sam Bankman-Fried, the founder of the cryptocurrency exchange FTX, has given his take regarding the future of Bitcoin’s usage. Bankman-Fried stated he doesn’t believe that Bitcoin will work as a payments network, due to its limited capability for scaling to fulfill this task. However, he believes it might become “an asset, a commodity, and a […]
Chinese Authorities Prosecute Alleged Masterminds Behind MDC Pyramid Scheme
Chinese authorities in Rong County recently said they have prosecuted eight individuals accused of being the masterminds behind the Magic Data Chain (MDC) pyramid scheme. The pyramid is thought to have handled transactions with a total value of over $147 million. Virtual Currency Pyramid Scheme Authorities in China’s Rong County, Zigong City, recently prosecuted eight […]
Algoracle Announces $1․5 Million Seed Round
PRESS RELEASE. Algoracle has recently announced the close of its seed round for $1.5 million (USD) to help accelerate the development and launch of Algorand’s native decentralized oracle network. Algoracle’s seed round was led by Borderless Capital, with major contributions from the Algorand Foundation, Valhalla Capital, and Big Brain Holdings, and rounded out by strategic […]
Internet Service Company Cloudflare to Run Ethereum Validator Nodes as Part of Its Web3 Focus
Cloudflare, an internet services and DDoS protection company, has announced a new strategy regarding its Web3 experiments. The company revealed it will run Ethereum validator nodes as part of its commitment to help to scale the internet by using proof-of-stake (PoS) consensus technologies. This will ostensibly allow the company to access the energy efficiency and […]
