Animoca Brands secures majority stake in Pixelynx
Animoca Brands hopes to advance the music industry within Web3 and gaming through its latest partnership with Pixelynx. The Los Angeles-based music metaverse game platform Pixelynx has acquired a controlling share from the digital entertainment, blockchain, and gamification startup Animoca Brands. In its Dec. 6 announcement, Animoca Brands stated that it anticipated that their acquisition […]
Warner Music, Polygon, partner to launch Web3 music platform
The platform, called LGND Music, will support digital collectibles from any blockchain even though it has Polygon as its main partner. Web3 music platform LGND Music is being developed by e-commerce and interactive platform developer LGND.io in a multi-year partnership with blockchain network developer Polygon and global entertainment company Warner Music Group. The music and […]
UK Crypto Bill To Restrict Services From Abroad
The regulatory amendments will broaden the powers of the country’s financial regulator and put the crypto industry under tighter scrutiny. Despite the new Prime Minister Rishi Sunak’s rhetorical support for cryptocurrencies, the upcoming regulatory framework is expected to increase industry scrutiny. The legal revisions will likely restrict foreign companies’ operations in the UK while increasing […]
Strike launches lightning-fast money transfers to Africa
Bitcoin payment provider, Strike has partnered with African payments platform Bitnob to enable instant payments to Africa. During a conference in Ghana, Strike CEO Jack Mallers announced that the Bitcoin ( BTC $16,948) payments company has partnered with the mobile app Bitnob to facilitate payments into Africa. On stage at AfroBitcoin, a Bitcoin conference in […]
Court Sets New Deadline For Celsius Restructuring Plan
Bankrupt cryptocurrency lender Celsius was granted an extension on its exclusivity period until Feb. 15, 2023. The troubled crypto lender now has a few more months to file for a Chapter 11 restructuring plan thanks to the court’s approval. After two court appearances on December 6, the decision to prolong the exclusivity period was made. […]