Author: Crypto Insider

Art Dubai, held on March 11-13, was the most extensive fair yet, bringing together over 100 galleries from 44 nations, including more than 30 first-time participants. The fair’s 15th edition included the Art Dubai Digital pavilion with several NFT projects and digital presentations. The global art scene had to adapt after two years of the…

Ex-Meta employees have secured a $200 million funding round from crypto VC giants to develop their own version of the notorious crypto project Diem. Recently, Meta (formerly Facebook) abandoned its grand plans to create a digital currency and sold the remaining assets to Silvergate Capital for $182 million. The deal showcased how Meta is left…

An advisory group of the Arab Monetary Fund has listed RippleNet as a direct alternative to SWIFT in its guide for Arab central banks. The Arab Regional Fintech Working Group has recently released a “Practical Guide” for Arab central banks looking to understand the nuances of the burgeoning digital assets market. The working group advised…

Gauntlet, a DeFi financial-risk modeling platform for crypto lending, raised a new round of funding that pushed its valuation to $1 billion. The company plans to use the capital injection to scale the platform to operate on multiple networks and expand into new areas such as gaming. On March 14, Gauntlet said that it had…

Ethereum software company ConsenSys, which created MetaMask, and Infura, raised an additional $450 million, doubling its valuation in four months. ConsenSys Software Inc will use its new funding to bring in more people from traditional finance. Ethereum software company ConsenSys announced on March 15 that it has raised a $450 million Series D round led…

Blockchain firm Enjin announced the launch of Efinity, the first parachain on the Polkadot network dedicated to non-fungible tokens (NFTs) and gaming. In the works since last summer, the Efinity parachain is courting games on existing smart-contract blockchains. Efinity’s ecosystem is set to be home to over 100 blockchain-based games and applications, the first of…