One of the largest Chinese software developers Tencent announced the creation of a division that will cover all initiatives for the company’s entry into the metaverse market. The company plans to produce both software and hardware products for the Metaverse. This means that Tencent will compete with giants such as Microsoft and Meta. The new division, which will be led by the company’s CTO Li Shen, will be unlike any existing at Tencent. The company

A themed restaurant in California, named after the Bored Ape Yacht Club cryptocurrency project, has stopped accepting ApeCoin and Ethereum from visitors. Bored & Hungry was originally opened to reflect the bored monkey project aesthetic of the Bored Ape Yacht Club (BAYC). The walls are adorned with memes and NFT images in the form of collectible token characters. Recognizable drawings are present even on the dishes. In April, the restaurant announced that it would accept

It’s not every day that you come across a broker with a vision to make a positive impact beyond the world of finance. CedarFX, however, is changing that perception. The leading online broker has recently launched a revolutionary Eco Account option to its traders, making it the first-ever Eco-conscious broker to exist! Through their various account options, CedarFX is dedicated to helping traders reach higher by offering ultra-high leverage and low spreads. Traders can get

Hardware wallet makers have announced that Ledger Enterprise sales have nearly quintupled amid the turmoil in the cryptocurrency market. Asked by reporters about the impact of the market downturn on the company, Ledger CMO Ian Rogers clarified that sales “jumped 4.5 times in a day on the news of the Celsius platform issues” and continue to be high: “Sales are highly correlated with the outflow of money from cryptocurrency exchanges. Therefore, the more information people

The US-based e-shop and online auction company will expand its services and allow its users to purchase digital collectibles. eBay has announced the acquisition of the KnownOrigin non-fungible token trading platform. The financial terms of the deal were not disclosed, however, according to the company, the agreement was signed on June 22. eBay buys the platform along with the intellectual property and the team. “eBay is the first place people go when they want to

Analysts at CoinShares say that amid negative market sentiment, total assets under management are at their lowest level since February 2021. According to a new weekly report from CoinShares, capital outflows from crypto funds totaled $39 million. Total assets under management (AuM) is now at its lowest level since February 2021 at $36 billion, 59% below its November 2021 peak. However, despite the negative sentiment, investment flows in cryptocurrencies have remained positive since the beginning

Analysts at Trail of Bits, a blockchain security company, claim that 21% of the nodes on the Bitcoin network are running an outdated version of the Bitcoin Core client. Commissioned by the US Department of Defense Advanced Research Projects Agency (DARPA), Trail of Bits has prepared a report called “Are Blockchains Decentralized?”, which raises questions about the vulnerability and risks of this technology. In particular, the company has found that legacy Bitcoin nodes, unencrypted network

Magic Eden, a non-fungible token buying and selling platform that handles 90% of the NFTs on the Solana network, has received a market valuation of $1.6 billion. The company announced that it has raised $130 million in a new funding round. The marketplace plans to expand beyond the Solana ecosystem. The investment round was led by Greylock and Electric Capital. In total, now founded quite recently, in September, Magic Eden is already valued at $1.6

Amid the Terraform Labs crisis and the Mirror Protocol judicial investigation, the American regulator decided to study the history of the LUNA emission in more detail. The US Securities and Exchange Commission (SEC) has officially requested information from Terraform Labs. The legal controversy between the Terra ecosystem and the SEC began in September 2021, when Terraform Labs CEO Do Kwon was served with a subpoena at the Messari Mainnet conference. The commission invited the head

While other crypto exchanges are laying off employees amid volatile market conditions, Binance plans to use the upcoming crypto winter to strengthen its position. Earlier at the Consensus 2022 conference in Austin, Binance CEO Changpeng Zhao said that if the industry is in for a crypto winter, then Binance will use it to strengthen its position in the market. Now Zhao said the company is expanding staff. Binance has posted over 2,000 jobs for engineers,