An executive from venture capital firm Andreessen Horowitz (a16z) believes that Web3 has the solutions to the headaches and problems found on Web2-based social media platforms.  During a keynote speech at the Ethereum Community Conference (EthCC), a16z partner Sriram Krishnan shared a presentation explaining how Web3 can fix social media and consumer applications. Krishnan stressed that “the world of social […]

Stellar (XLM) has registered a surprise surge, catapulting itself into the forefront of the crypto market frenzy. Beginning July 18, this surge has taken the digital asset on a solid price rally, propelling its value to new heights. Currently, XLM is trading at $0.1617, representing a 22.1% increase over the past 24 hours. Even more remarkable is its exceptional performance […]

The state of Kuwait is the latest jurisdiction to ban virtually all operations involving cryptocurrencies like Bitcoin (BTC). On July 18, Kuwait’s main financial regulator, the Capital Markets Authority (CMA), issued a circular on supervision and issuance of virtual assets in the country. In the circular, the CMA confirmed the commitment to “absolute prohibition” on major use cases and operations […]

In a landmark ruling, Judge Analisa Torres of the United States District Court for the Southern District of New York sided with Fintech company Ripple and decided that XRP was not necessarily a security. Ripple, the company behind the cryptocurrency, now expects U.S. banks and financial institutions to use XRP for cross-border payments. In an interview with CNBC, Ripple’s Chief […]

Hong Kong’s rapid adoption of cryptocurrencies and Web3 is a sign of some “big moves” happening in mainland China, a co-founder of the local game software firm Animoca believes.  The current crypto trend in Hong Kong is “not really just about” the city-state, but about wider China, despite mainland China banning crypto, according to Animoca co-founder Yat Siu. Speaking at […]

A wallet address containing pre-mined Ethereum worth $116 million moved its entire stash of 61,216 Ether (ETH) to an address on the Kraken crypto exchange after being dormant for eight years. In June 2014, the Ethereum ecosystem conducted a sale event, allowing early team members and co-founders to participate and accumulate pre-mined Ether when the network could not generate tokens […]

Polychain Capital and Coinfund, two prominent cryptocurrency investment firms, have reportedly raised a staggering $350 million for their respective new crypto funds. The substantial capital infusion highlights the continued investor interest and confidence in the cryptocurrency market. Polychain Capital Crypto VC Firms Raise $350M Amid Declining Funding for Crypto Projects. Leading venture capital firms Polychain Capital and Coinfund have raised […]

Ethereum price is finding bids above the $1,875 support zone against the US Dollar. ETH could gain bullish momentum above the $1,940 resistance. Ethereum is holding the key support near $1,875. The price is trading below $1,920 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance near $1,900 on the hourly […]

Over $350 million has been raised by crypto venture capital firms Polychain Capital and Coinfund, with respective reported raises of $200 million for a new investment fund and $152 million for a seed fund. A July 18 Forbes report said Polychain’s $200 million sum was raised in the “first close” of its fourth investment fund, according to sources familiar with […]