Huobi Global launches $1B DeFi, Web3 focused investment arm
Huobi Global has launched a new investment arm focused on decentralized finance (DeFi) and Web3 initiatives, demonstrating the growing interest in the blockchain economy among venture capitalists. According to a Huobi spokeswoman, the new investment arm, dubbed Ivy Blocks, has over $1 billion in crypto assets under control to deploy. The funds will be used […]
Jack Dorsey is building a decentralized web powered by Bitcoin dubbed web5
TBD, a Block subsidiary, has unveiled intentions to create a new decentralized web built on Bitcoin (BTC) known as Web5. The project has confirmed creator Jack Dorsey’s confidence that the world’s largest blockchain network will play a significant part in the internet’s growth. Since stepping down as CEO of Twitter in November 2021, Dorsey has […]
Circle set to acquire Web3 platform Cybavo
Circle, a peer-to-peer financial services company, has agreed to buy Cybavo, a platform for digital asset infrastructure in order to further promote the adoption of USD Coin. Developers won’t have to worry about digital asset protection, operations, or blockchain infrastructure administration while working on their projects. Circle and CYBAVO seek to boost the adoption of […]
MoneyGram launches USDC transfer service in several countries
MoneyGram launched its stablecoin-powered payment channel on Friday, allowing customers to transfer USD Coin (USDC) payments to destinations around the world. Circle and MoneyGram announced Friday that the service will be available in many significant remittance markets, including Canada, the United States, Kenya, and the Philippines. By the end of June, global cash-out capabilities will […]
Here’s Why This Ethereum Layer 2 Token Faces Dump At Launch
The governance token of the HOP Protocol declines in value on launch on Friday, as traders seemed to be abandoning the token after it was airdropped. With approximately 12,000 addresses claiming the airdrop, the Ethereum Layer-2 protocol launched an airdrop for users . About 20 million HOP tokens have been claimed, accounting for approximately 37.51% […]