Tag: Web3

Top investment deals across the crypto sector over the last week (Sept. 24–30, 2022): Deribit raises $40 million from existing investors at a $400 million valuation Deribit, the largest Bitcoin options exchange by market share, has raised funds from existing investors at a $400 million valuation, The Block reported. The Panama-based exchange raised around $40…

Top crypto news from the Middle East region over the last week (Sept. 24–30, 2022): First metaverse project 2117 launches in the UAE inspired by Dubai ruler’s vision The UAE-based Web3 pioneer BEDU launched the country’s first metaverse project under the name 2117, inspired by the ruler of Dubai Sheikh Mohammed bin Rashid Al-Maktoum’s vision…

Robinhood announced the launch of its beta Web3 wallet, allowing 10,000 customers from the waitlist to participate in the wallet’s testing. The trading app said it tapped Polygon blockchain for its “scalability, speed, low network fees, and robust developer ecosystem.” Trading app Robinhood, which is solely available on iOS devices, will reportedly let users trade…

A new job posting on LinkedIn revealed that The Walt Disney Company is looking to hire a transaction lawyer working at an “accelerated and aggressive timeline” to explore new technology opportunities, like the metaverse, DeFi, and NFTs. The media conglomerate looks to expand into Web3 territory focusing on “next generation storytelling.” Meanwhile, Walmart sells NFT-linked…

Crypto exchange Binance announced on Sept. 22 the formation of its new Global Advisory Board (GAB), a strategic council of experts to advise Binance on the regulatory, political and social issues faced by the crypto industry. Former US Senator Max Baucus will lead the Board, alongside a former Obama advisor and policy experts from around…

Top investment deals across the crypto sector over the last week (Sept. 10–16, 2022): VC firm Bloccelerate is raising $100 million for its second crypto-focused fund Venture capital firm Bloccelerate is looking to raise $100 million for its second fund, according to a filing with the US SEC on Sept. 9. The Bloccelerate VC Fund…