Palm NFT Studio receives $27 million in Series B funding from Microsoft and Warner Bros
Palm NFT Studio announced a $27 million Series B investment round including Microsoft’s M12 venture fund and Warner Bros. As the NFT space grows, developers are seeking solutions to reduce Ethereum’s significant environmental effects, congestion issues, and transaction costs. Palm has emerged as a bespoke, NFT-centric sidechain and scaling solution to address those concerns, and […]
Coinbase plans to make DeFi yield accessible to over 70 countries
Customers in over 70 countries can now earn yield with DeFi, according to cryptocurrency exchange Coinbase. Customers in over 70 countries can now earn interest on their crypto assets through the realm of decentralized finance , according to cryptocurrency exchange Coinbase. “We’re making DeFi more accessible,” Coinbase stated in a prepared statement. “Eligible users in […]
MicroStrategy now holds almost $6 billion worth of Bitcoin after recent purchase
MicroStrategy has recently purchased $82M worth of Bitcoin, which amounts to an additional 1,434 bitcoins at an average price of $57,477 per Bitcoin. Its holdings are valued at more than $5.9 billion. MicroStrategy, a business analytics consultancy, has added 1,434 Bitcoin to its account after purchasing the cryptocurrency at an average price of $57,477. MicroStrategy […]
Chief Technology Officer of SushiSwap resigns
The Chief Technology Officer of SushiSwap Joseph Delong has resigned from his position with immediate effect on Wednesday, he cited internal structural problems as a reason while also wishing Sushi the best. Joseph Delong, the chief technology officer of SushiSwap, the 13th largest decentralized exchange (DEX) by trade volume, announced his resignation late Wednesday. Delong […]
Binance becomes the first-ever crypto exchange to give reports on ESG
Binance’s Australian subsidiary has announced that in addition to trade and exchange, it would begin reporting on Environmental, Social, and Governance (ESG) metrics using a universal framework defined by the World Economic Forum. Binance Australia has become the first crypto exchange platform in the world to simultaneously report on ESG issues while continuing to trade […]