‘User Deposits Were not Principal Protected’ – Delio CEO
The CEO of South Korean crypto yield platform Delio, Jung Sang-ho, has publicly stated that user deposits were not “principal protected” when they transferred their assets to the platform. Jung informed the audience during the second hearing of the first criminal trial, which took place on June 25 at the Seoul Southern District Court, as […]
Colosseum Completes $60M Funding Round
Solana’s Colosseum has completed its initial $60 million funding round to fund pre-seed investments for its accelerator program. The capital will be allocated to pre-seed investments in teams accepted into Colosseum’s Accelerator program, intended to attract additional developers and entrepreneurs to the Solana ecosystem. “We established Colosseum to facilitate the competition and realization of founders’ […]
Aethir, MetaGravity Partner to Boost DePIN Gaming Development
Aethir has partnered with MetaGravity, the developer of HyperScale Engine, to expedite the development of decentralized physical infrastructure networks gaming (DePIN). The partnership aims to enhance the 3D internet and the gaming industry by utilizing DePIN technology to establish a scalable infrastructure that streamlines gaming development and improves its efficiency and accessibility. Dan Wang, the […]
NGS Crypto Rebrands as Hiddup Amid Legal Actions
NGS Crypto, an Australian cryptocurrency company, has rebranded its name to “Hiddup” amid an ongoing investigation and legal action by the Australian Securities and Investments Commission (ASIC). NGS Crypto reportedly invoked a trademark dispute for the rebranding on June 25. This occurred in an ASIC case concerning approximately 61 million Australian dollars ($41 million) in […]
Coatue Management Invests $150M in Bitcoin Miner Hut 8
Bitcoin miner Hut 8 Corp recently secured a $150M investment from Coatue Management, a technology-focused investment manager. As investors continue to capitalize on artificial intelligence (AI) growth, Coatue Management, a technology-focused investment manager, will allocate $150 million to the Bitcoin (BTC) miner Hut 8 Corp. Hut 8 Corp disclosed the multimillion-dollar investment from Coatue Management, […]