Tuesday, August 16, 2022

Everdome secures $10m investment commitment from GEM Digital Limited

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Everdome, the most hyper-realistic metaverse, announced that GEM Digital Limited (GEM), a Bahamas-based digital asset investment firm that sources, structures and invests in utility tokens listed on over 30 CEXs and DEXs, has agreed to an investment commitment of $10m into the UAE-based metaverse company through a structured token subscription agreement.

Hyosung America to add cash-to-crypto DigitalMint to its app store

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Hyosung America announced recently that DigitalMint, the premier cash-to-cryptocurrency provider, has signed a partnership agreement with Hyosung America to add DigitalMint services to its soon-to-be-launched API-based app store

Binance Labs appoints Yi He as the new lead of business operations

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Binance, the blockchain ecosystem behind the largest crypto exchange, named its Co-Founder Yi He as the new head of its venture capital (VC) arm and incubator, Binance Labs. Binance Labs is the largest crypto VC in the industry by assets under management (AUM) with a multiple on invested capital (MOIC) of 21.0x, a performance metric that is unmatched in the industry. It manages total assets of $7.5bn, comprised of over 200 portfolio projects.

FOMO Pay to use Ripple’s ODL for crypto-enabled treasury management

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Ripple, the enterprise blockchain and crypto solutions firm, announced a partnership with Singapore-based major payments institution FOMO Pay, which will utilize Ripple’s crypto-enabled enterprise tech to improve its cross-border treasury flows. On-Demand Liquidity (ODL) leverages XRP, the digital asset built for payments to bridge two fiat currencies, low cost settlement without the need to hold pre-funded capital in a destination market.

Looking for new investment options? Top NFT stocks to seriously consider

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Lately, NFTs have become an unavoidable topic. And it's quite understandable since they are making people rich much faster than you can blink. With artists such as Pak selling a single NFT for a whopping US$91.8 million and Beeple fetching US$69.3 million from just one piece, such eye-watering sums are bound to capture the attention of the global masses.

Aussie crypto app downloads down 72% following collapse of TerraUSD

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With the collapse of stablecoin TerraUSD and concernes about the fragility of the crypto market, Sensor Tower, the market intelligence firm, has lifted the lid on how crypto apps are performing in Australia. It appears the FOMO around crypto investing may be wearing thin with the data revealing a drop in crypto app downloads. Downloads for the top ranked app in 2021 vs 2022 are down 82% with overall downloads down 72% in the same time period.

TOKEN2049 hits 200 sponsor mark, announces new headline speakers

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TOKEN2049, Asia’s premier crypto conference, announced a new batch of title sponsors and speakers for its upcoming Singapore edition which will run from 28-29 September. This year marks the conference’s Singapore debut, making for a thrilling week of activities as some of the most pioneering projects gather at what’s set to be the crypto industry’s first major in-person event in Asia ahead of the Formula 1 Singapore Grand Prix 2022 race weekend.

Community-led FTT DAO raises $7 million donated by FTX token fans

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FTT DAO, a community-led ecosystem DAO, received 250,000 $FTT, worth about $7m, in community donations to kick start its activities. A number of community contributors took part in the donation to help grow FTT DAO. Through this donation, which will be used as an ecosystem fund, FTT DAO plans to support upcoming community-led projects across areas like crypto education, decentralized finance and effective altruism for the FTT community.

Catheon Gaming appoints curated industry expert Mark Aubrey as CEO

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Catheon Gaming, a fast-growing integrated blockchain gaming and entertainment company, announced that Mark Aubrey will be appointed as the company’s new co-Chief Executive Officer, effective July 11, 2022. Aubrey will work alongside William Wu, Founder and CEO, to scale the company in the rapidly growing blockchain gaming industry.

SWIM and Underknown to enable web3 functionality with a private beta

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SWIM, a provider of web3 solutions, announced its collaboration with Underknown, the creators of the #1 science video series, ‘What If.’ With this collaboration, SWIM and Underknown fill a void in the industry by forming a decentralized educational & entertainment web-based platform that rewards users, directly connecting to their Metamask wallets.