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Restaurant chain Jack in the Box has sued cryptocurrency exchange FTX alleging that the crypto company “brazenly and illegally copied or derived its ‘Moon Man’ mascot” from its own mascot. The lawsuit details that FTX’s refusal to stop using Moon Man has caused Jack in the Box “considerable economic damage
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More paths open up for Web3 gaming as a $100 million investment fund is launched by the large blockchain venture firms Solana Ventures, Lightspeed Venture Partners, and FTX. A lot of enthusiasm surrounds the future of the GameFi industry as it grows exponentially. The fund aims to invest in “the intersection
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Lawyers for major fast food chain Jack in the Box have filed a lawsuit against crypto exchange FTX US for copyright and trademark infringement of its "Jack" mascot.According to federal court documents filed in the Southern District of California on Wednesday, Jack in the Box's legal team is requesting a jury
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“Gaming has a massive opportunity to bring the next billion users to Web 3,” Amy Wu, partner at Lightspeed, said in a press release. “High-performance blockchains like Solana are now capable of delivering the kind of Web 2 experiences gamers expect while providing the advantages of decentralized Web 3 systems.” Source
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Some of blockchain’s biggest venture firms have spearheaded a new investment fund dedicated to Web 3 gaming, also known as GameFi, potentially opening the door to a highly lucrative industry that sees cryptocurrency and blockchain merging with the traditional gaming sector. On Friday, Solana Ventures, Lightspeed Venture Partners and derivatives exchange
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Faraway said in a press release Thursday the other participants in the funding round included a16z, Sequoia Capital, Pantera Capital, Jump Capital and Solana. Faraway raised an $8 million seed round earlier this year, which was also led by Lightspeed. Original Source
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Chipper Cash, one of Africa’s biggest fintechs, recently concluded a Series C extension funding round in which it raised $150 million, a report by Techcrunch has revealed. New Investors Participate in Latest Round According to the report, this latest funding round — which was led by Sam Bankman-Fried’s FTX — comes
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FTX's latest sports sponsorshipThe University of Kentucky has entered into a sponsorship agreement with FTX.US for the men’s Wildcats basketball team to act as brand ambassadors.Players will receive a monthly USD stipend from FTX.US paid in FTX debit cards and will also be able to create their own NFTs on
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Chipper Cash was founded in 2018 as way of providing no-fee, peer-to-peer cross-border payment services for Africans. Its services are used across Ghana, Uganda, Nigeria, Tanzania, Rwanda, South Africa and Kenya, and recently expanded to provide people in the U.K. and the U.S. with the ability to send money to
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Cryptocurrency exchange FTX US has tapped former U.S. Commodity Futures Trading Commision (CFTC) commissioner Mark Wetjen as its head of policy and regulatory strategy, the company announced Tuesday. The move comes at a time when the crypto industry is facing heightened scrutiny from regulators in the U.S. and around the
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