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Elementus, a New York-based blockchain firm, has raised $10 million as part of its Series A-2 funding round, led by Web3 VC company Parafi Capital. The raise, which values the company at $160 million, aims to allow Elementus to keep improving its processes for providing effective and sound blockchain analytics
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The NBA has extended its current partnership with Meta to broadcast its games to the metaverse. The company announced that 52 games of the league will be available to be enjoyed using VR (virtual reality) tech, using Xtadium, a co-viewing platform. Five of these games will be presented in a
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The beginning of 2023 has provided Bitcoin (BTC) with bullish indicators and the rally to a year-to-date high at $21,647 has crypto traders hopeful that the worst part of the bear market has ended. The surge effect of BTC’s bullish price action is also carrying over to Ether (ETH) and
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With the metaverse gaining immense momentum through NFTs and blockchain technology, LG and Oorbit are poised to disrupt the industry significantly.Oorbit, a 3D cloud-based technology platform, has announced a strategic partnership with LG Electronics to bring immersive gaming to smart TVs. Through the partnership, LG and Oorbit users can access
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The 2022 crypto bear market left a deep mark on the Avalanche ecosystem. AVAX, the native token of Avalanche, dropped by a whopping 89.5%, leaving many investors scratching their heads. However, the token has seen some rebound. According to CoinMarketCap, AVAX is up 3.78% in the past 24 hours and trading
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As margins continue to compress, miners will have to look at how they can participate in “demand response programs,” meaning selling power back to the grid in times of high demand, as well as recapturing heat from mining rigs and using stranded energy, Bulovic said. “Miners who have a real
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That being said, it’s hard to say this year was anything but a black mark for the industry in the eyes of regulators. The collapse of Terra/Luna, the bankruptcies of basically the entire crypto lender sector (minus Nexo, which still ended up leaving the U.S.), the meltdown of FTX (the
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The term “layers” is Stacks’ lingo for any system outside of Bitcoin’s base layer, such as a sidechain, which is a secondary blockchain that interacts with a primary blockchain. In the whitepaper, Stacks acts as a Bitcoin sidechain, powered by both sBTC and STX – Stacks’ native token. Source
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Place/Date: Hong Kong - December 28th, 2022 at 11:07 am UTC · 3 min read Source: Kingdomverse As FTX collapsed, millions of victims lost both funds and also faced a cryptocurrency bloodbath. In 2022, there were a series of events caused by wrongdoings, fraud and criminal activity
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The US SEC has already launched its first attack declaring that FTX’s native cryptocurrency FTT token was a security.The dramatic collapse of the crypto exchange FTX last month has sent shockwaves across the entire crypto industry. Millions of FTX users have lost their hard-earned money while trading with FTX. The
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