The collaboration of over 30 DeFi projects is an effort to counteract the negative sentiments built in 2022 due to numerous CeFi ecosystem crashes.
Savannah Fortis
Savannah Fortis is a multimedia journalist covering stories at the intersection of culture, international relations, and technology.
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DeFi protocols unite to promote permissionless Web3 experiences - News
Hong Kong securities regulator adds crypto personnel for industry supervision Regulators in Hong Kong plan for the addition of personnel to “better supervise” the activities of local virtual asset providers.
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Binance Tax launched to prepare crypto users for the tax season The new tool helps users access tax details aligning with their crypto activity to help report information during the upcoming tax season.
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Binance severs ties with Indian crypto exchange WazirX According to the announcement, WazirX has until the end of the day UTC on Feb. 3 to withdraw all remaining funds it stores in Binance wallets.
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Developers seek solutions for Web3-related scams from internet browsers A new suite of tools for Web3 businesses targets the safety and security of transactions, websites and smart contacts to combat exploits.
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Preserving and reinventing music festival legacy in the metaverse The metaverse has been used as a means of cultural preservation in the past. Now, the legacy music festival Woodstock is using digital reality to preserve its legacy and reinvent its future.
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Blockchain IM apps to reach over half-billion dollar valuation by 2030 Blockchain-backed digital messaging applications are forecasted to skyrocket in value in the next few years, with a projected 43.6% compound annual growth rate.
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Cardano coins new name for its ADA-backed stablecoin Djed After its successful security audit, the new overcollateralized stablecoin, Djed, from DeFi service provider COTI, deployed on the Cardano mainnet.
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Credit cards can bridge Web2 to Web3, says music industry exec As DeFi continues to become more mainstream, traditional financial tools can serve as a bridge from Web2 to Web3 for those who still remain skeptical.
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Breaking: Coinbase fined $3.6M in the Netherlands United States-based crypto exchange Coinbase is fined 3.3 million euros ($3.6 million) by the Dutch central bank for the lack of registration.
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Listen-and-Earn allows Bitcoin payments for podcasters and listeners The Fountain podcasting app announced a partnership with ZEBEDEE to allow podcast creators and listeners the ability to earn Bitcoin for their time spent with content.
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69% users bet metaverse entertainment will reshape social lifestyle: Data A new survey from CoinWire revealed that the majority of users believe the metaverse will reshape their social life and interactions.
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Sundance Film Festival embraces blockchain and crypto film initiatives Film festivals have seen an increase in blockchain and crypto-funded film projects and initiatives as Web3 technologies continue to merge with the entertainment industry.
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NFT sales topped 101 million in 2022: DappRadar report A recent report from DappRadar revealed that over the last year, NFT and gaming-centered decentralized applications rivaled DeFi DApps on many major blockchains.
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Metaverse to bring ‘true productivity’ to industrial environments: Davos 2023 A panel of experts at the 2023 World Economic Forum highlighted how the metaverse could deliver practical use cases of large-scale industrial industries like healthcare and retail.
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Metaverse not the endgame, but ‘ongoing digital transformation‘: Davos 2023 Leaders in the Web3 space came together at the World Economic Forum in Davos to discuss the first outputs from the “Defining and Building the Metaverse” initiative.
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DeFi should complement TradFi, not attack it: Ava Labs CEO | Davos 2023 The co-founder and CEO of Ava Labs spoke with Cointelegraph at the World Economic Forum in Davos, Switzerland, on the future of DeFi and TradFi as two industries with merging value systems.
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Davos 2023: Education is key to driving sustainability in blockchain and beyond Cointelegraph’s editor-in-chief Kristina Lucrezia Cornèr moderated a panel discussion at the 2023 Davos conference in Switzerland on sustainability in the blockchain world.
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Hong Kong investment fund raises $500M to push mass adoption in Web3 The global asset manager HashKey Capital closed the funding round for its FinTech Investment Fund III, with which it plans to invest in startups and projects in the space perpetuating mass adoption.
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Bithumb ordered to pay outage damages to investors by South Korean court A ruling from local courts has Bithumb liable to pay just over $200,000 in damages to the 132 investors which filed against the cryptocurrency exchange.
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Huobi and Solaris crypto-to-fiat debit card launches in the EU The Visa-backed debit card will allow Huobi users in the European Economic Area to pay from their crypto accounts at point-of-sale stations globally.
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Web3 can help artists and companies manage music metadata: B2B music exec Web3 features such as NFTs and blockchain-based systemization offer clarity and new accessibility to managing music metadata.
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90% of businesses adopting blockchain technology, data A new survey from CasperLabs found that despite education gaps, enterprise adoption of blockchain technology in the U.S., U.K. and China is set to increase in the next year.
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WazirX releases proof of reserves with majority of funds in Binance wallets The cryptocurrency exchange released its proof of reserves and proclaimed it to be India’s largest exchange both in volume and reserve funds.
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Crypto exchange Zipmex probed by Thai SEC amid buyout The cryptocurrency exchange is the subject of a probe by local monetary authorities in Thailand for a potential breach of local rules for digital asset service providers.
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South Korean regulators target Bithumb in new probe The South Korean National Tax Service agency launches an investigation into Bithumb, according to local reports.
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Binance employees to adhere to 90-day period prior to trading The cryptocurrency exchange confirmed the three-month policy to prohibit insider trading by employees and their relevant family members.
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New York-based bank exits crypto after tumultuous year The Metropolitan Bank Holding Corp, the holding company for Metropolitan Commercial Bank, says it’s completely exiting its crypto-asset-related vertical.
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DeFi-type projects received the highest number of attacks in 2022: Report A new Web3 security report from Beosin revealed that of the 167 major security exploits DeFi projects saw the most, at 113 attacks.
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Bithumb former chair Lee Jung-Hoon acquitted in the first instance The former chair was under allegations of $70 million in fraud charges which were said to have occurred during the acquisition of Bithumb.