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The Seoul-based company, whose clients include Samsung and LG, intends to use the funds to develop a range of blockchain tools, such as software development kits (SDK) and application programming interface (API) for setting up DeFi infrastructure and forging bridges between independent blockchains in South Korea and internationally. Original Source
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The under $1 billion valuation is a far cry from the $3.2 billion valuation it had received in 2021. Original Source
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Alibaba Cloud, a.k.a Aliyun, a subset of Chinese e-commerce giant Alibaba, announced an integration with Avalanche blockchain to power the company’s Node-as-a-Service initiatives. Avalanche’s partnership with Alibaba Cloud will see the development of tools that enable users to launch validator nodes on Avalanche's public blockchain platform in Asia. The integration will
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Crypto market leverage, however, is greater in this cycle than the last. That’s probably because crypto institutions such as market makers, companies and investors are the dominant traders in the market this time round, whereas in 2017-18 retail dominated. Original Source
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The environment is now a global priority, evidenced by the threat of increasing carbon dioxide emissions reaching 414.72 parts per million, a new record high in 2021, as reported by the National Oceanic and Atmospheric Administration's Climate in the United States. With the impact of these emissions on climate change
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China’s state blockchain infrastructure Xinghuo Blockchain Infrastructure and Facility (Xinghuo BIF) has signed an agreement with Malaysian digital service provider MY E.G. Services Berhad (MyEG) to own and operate an “international supernode,” as China continues its international blockchain push.See related article: Blockchain without cryptocurrencies: How might China’s BSN change Web3?Fast
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The startup offers a full-stack payment solution that lets users buy cryptocurrencies inside any application or website, essentially the Web3 answer to services like PayPal or Stripe. Clients include GameStop, crypto-based fantasy sports company Sorare, play-to-earn game Axie Infinity and Ledger, maker of hardware crypto wallets. Original Source
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Gate.io, one of the world’s largest and oldest cryptocurrency exchanges, announced the signing of the Memorandum of Understanding (MoU) with the South Korean city of Busan. The agreement entails the cooperation between Gate.io and the Busan Metropolitan City government to develop blockchain infrastructure jointly in Busan.Following the agreement,
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Web3 infrastructure firm ChainSafe has raised $18.75 million in Series A funding to expand its blockchain gaming utilities. Source
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