Animoca Brands eyes $2 billion new metaverse fund
    30 Nov 2022
    217 Views

    Blockchain gaming group Animoca Brands plans to launch a fund of up to $2 billion to invest in metaverse startups in the mid and late stage, the company’s co-founder and CEO Yat Siu said. The fund aims to strategic investments in Web3 ecosystem development rather than pursuing financial returns. Animoca Brands CEO, Yat Siu, said…

    OpenSea to support NFTs on BNB Chain
    30 Nov 2022
    178 Views

    BNB Chain, the world’s largest smart contract blockchain in terms of daily active users, said its NFTs will be available for sale on the OpenSea core marketplace. The integration with OpenSea will enable BNB Chain support for NFT creators. BNB Chain will be launched on OpenSea’s Seaport Protocol by the end of the year, allowing…

    Coinbase Wallet to stop support for BCH, ETC, Ripple and Stellar
    30 Nov 2022
    241 Views

    Coinbase Wallet will no longer support the native tokens associated with Bitcoin Cash (BCH), Ethereum Classic (ETC), Ripple’s XRP Ledger (XRP), and Stellar (XLM), starting Dec.5, citing “low usage” as its reason for no longer supporting those tokens. According to a Nov. 29 notice on the crypto exchange’s website, Coinbase said its wallet will no…

    CoinShares: Crypto market sees the biggest outflows in 3 months after FTX fall
    29 Nov 2022
    242 Views

    As the bear market continues, crypto investment products are experiencing last week their biggest outflows in three months. A new CoinShares report suggests that investors continue to feel bearish following the FTX crash. On Nov. 28, digital asset investment firm CoinShares revealed in a new report that investors took $23 million out of the crypto…

    BlockFi is reportedly filing for bankruptcy amid FTX contagion
    29 Nov 2022
    200 Views

    Crypto lender BlockFi would file for Chapter 11 bankruptcy protection, an insider said. BlockFi is the latest crypto firm to file for bankruptcy after the collapse of FTX’s crypto empire. In an official statement, the company said it “will focus on recovering all obligations owed to BlockFi,” but that “recoveries from FTX will be delayed”…

    UAE regulators concern over too hastily crypto approvals amid FTX collapse
    29 Nov 2022
    214 Views

    As Bloomberg reported, many crypto hedge funds operating in the UAE had invested all their client money on FTX, giving them a hard time pulling funds out of the exchange. As a result, UAE officials expressed concerns over the pace of some approvals – that failed to identify meltdowns of FTX and Three Arrows Capital….