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0 CommentsCrypto venture investment firm Variant has raised $450 million across two new funds targeting the Web3 and decentralized finance market, which include $300 million for a so-called opportunity fund and $150 million to invest in nascent startups. According to Thursday’s announcement, the company raised $300 million for a so-called opportunity fund as well as a…
338 ViewsThe number of active addresses on the Ethereum network has suddenly jumped to a new all-time high of about 1.1 million ETH daily active addresses making a total of 1.64 million transactions. Coinbase’s Conor Grogan suggested that the increase in activity comes from a high number of token transfers per unit of gas rather than…
377 ViewsFTX, a Bahamas-based crypto exchange, has received approval to operate as an exchange and clearinghouse in Dubai. The company will build a headquarters in Dubai through a subsidiary. Also, FTX subsidiary operating in Europe and the Middle East will facilitate product offerings in the region. According to a report by Reuters, FTX will begin offering…
389 ViewsThe Federal Reserve has hiked interest rates by another 75 basis points. This comes after inflation in the US had hit a 40-year high of 9.1% in June. The crypto market has rallied in response, despite the Fed’s repeated rate hikes are promoting concerns of a recession. Since Wednesday, US interest rates have returned to…
342 ViewsUnstoppable Domains raised $65 million in Series A funding, reaching a $1 billion valuation. The firm plans to use the funds to reduce the friction of crypto payments between applications and build reputation-based Web3 reward programs. Unstoppable Domains, a firm building digital identity markers as NFTs, announced on July 27 that it raised $65 million…
391 ViewsUAE ranks 4th among the most crypto-ready countries, while Hong Kong takes 1th place. The US and Switzerland follow Hong Kong, taking the 2nd and 3rd spots, respectively. Hong Kong also ranks 3rd among the countries with the most crypto ATMs per 100,000 people. Hong Kong, the USA, Switzerland, and the UAE rank high among…
