Announcements

Morningstar Ventures, an investment firm focused on blockchain technology and digital assets, announced the opening of 37xDubai, its first-ever interactive digital art gallery in central Dubai. Located in the Burj Daman Tower, the city’s lifestyle and business hub, this unique NFT art gallery has been established to promote Web3 technology and Web-3-based education, digital/traditional art,…

The Royal Bahamas Police Force arrested FTX founder Sam Bankman-Fried, following the US authorities filed criminal charges against him. The Bahamas intends to extradite Bankman-Fried after US officials request it. Meanwhile, the “surprising” arrest comes just a day before a scheduled hearing before the US House Financial Services Committee hearing on the FTX collapse, “disappointing”…

Illuvium Labs has launched a private beta for “Illuvium: Overworld” – the second of six Web3 games the team has planned over the next two decades. An alpha release of “Illuvium: Zero” could also be rolled out before Christmas. A new game for Illuvium Labs has gone live for the 30,000 lucky community members selected…

The algorithmic stablecoin USDD, backed by Tron’s founder Justin Sun and managed by Tron’s DAO, fell to $0.9695 on Dec. 12, the lowest since June 22. The algorithmic decentralized stablecoin lost its dollar peg last month as the collapse of FTX shook investor confidence in crypto assets. USDD, the Tron network’s algorithmic decentralized stablecoin, struggling…

Coinbase has called on users to convert their Tether (USDT) stablecoins to USDC – the stablecoin it co-founded – with zeroing exchange fees. The move follows a battle of words between Tether and some media outlets. “Now more than ever, stability and trust are of the utmost importance to customers,” Coinbase stated in an official…

Top investment deals across the crypto sector over the last week (Dec. 3–9, 2022): Uniswap-based DeFi protocol Panoptic raises $4.5 million Panoptic, a Uniswap-based decentralized finance protocol for trading perpetual options, raised $4.5 million in a seed funding round. Gumi Cryptos Capital led the round, with Uniswap Labs Ventures, Coinbase Ventures, Jane Street, Avalanche Foundation’s…