Category: Blockchain

DeFi Startup WOO Network Secures $30M in Oversubscribed Series A Round

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Decentralized Finance (DeFi) deep liquidity service provider WOO Network has successfully raised $30 million from investors as more hedge funds and ecosystem stakeholders double down on their quest to gain exposure to the growing world crypto.  The official announcement affirmed the funding round was oversubscribed by 200%, and it received staunch backing from Three Arrows
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S. Korean Artist Management Firm Hybe Eyes Expansion into NFTs

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South Korea-based Hybe Co. is planning to expand its marketplace for non-fungible tokens (NFTs) by collaborating with celebrities not managed by the company. Hybe – one of South Korea’s top K-pop management agencies – manages pop superstars like BTS and Justin Bieber, Ariana Grande and J Balvin through its U.S. branch- will partner with Dunamu for
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US SEC Halts American Cryptofed DAO’s Registration for Digital Tokens

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The US Securities and Exchange Commission has stopped Wyoming-based American Cryptofed DAO LLC from registering two digital tokens as securities. The US SEC announced on November 10 that the Wyoming-based decentralized autonomous organization (DAO) filed a materially inadequate and misleading registration form known as a Form 10 when it sought to register two digital tokens,
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Bitcoin Creates a new ATH of $69K

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The price of Bitcoin once again hit a new high of $69,000 at UTC time following Ether hitting $4,868 earlier today. The US Bureau of Labor released data on inflation earlier in the morning which showed that the core inflation rate was the highest in 30 years. The inflation data supported the argument that cryptocurrency is a hedge
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Around 1.6 Million Users Now on Robinhood’s Crypto Wallet Waitlist

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Robinhood Markets recently has announced that 1.6 million people are on the waitlist for its cryptocurrency wallet. Christine Brown, chief operating officer of Robinhood Crypto, recently announced that the figure is up from 1 million just a few weeks ago. Brown said the retail broker’s crypto wallet is set to be launched late in the
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MAS Sees Potential in Retail-CBDC for the City-State

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Despite its plans to float Project Orchid, the technology infrastructure, and the technical competencies necessary to issue a digital Singapore dollar, the Monetary Authority of Singapore (MAS) is not in a hurry to follow the bandwagon.  According to Ravi Menon, the Managing Director of the MAS, the country has not found a compelling use case
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European Digital Currencies Soon to Become Legal Tenders, ECB Says

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Central Bank Digital Currencies (CBDCs) may soon become legal tenders in their jurisdictions as planned by major central banks in Europe as officials are currently studying such initiatives. On Tuesday, November 9, while speaking in a panel in Helsinki on Central Bank Digital Currencies (CBDCs), Fabio Panetta, European Central Bank (ECB) executive board member, announced that the
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Tim Cook Reveals his Ownership of Cryptos

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Apple CEO Tim Cook has revealed that he personally owns cryptocurrency. Such comments came after the Apple boss was asked if he owns Bitcoin or Ethereum at the New York Times DealBook conference on Tuesday, November 9 in a recorded interview with Andrew Ross Sorkin.   Cook told Andrew Ross Sorkin that: “I do. I
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