Galaxy Research predicts rocky year for crypto venture investments
According to Galaxy Research, investment firms spent over $30 billion in Web3 and crypto companies in 2022, however, it also cautions crypto researchers and firms that funding may be more difficult this year. In a Jan. 5 report, Alex Thorn, Galaxy’s director of firmwide research said macroeconomic and crypto market circumstances caused investment drawdowns in […]
MetaMask removes Wyre crypto payment network
Cryptocurrency wallet MetaMask has removed support for crypto payment network Wyre from aggregators following rumors of the platform shutting down. Wyre crypto payment network is no longer supported by the cryptocurrency wallet MetaMask, according to rumors that Wyre will shortly cease operations. On January 5, MetaMask said on Twitter that Wyre had been taken off […]
Huobi denies rumors of massive layoff
Rumors of canceled bonuses, pay disputes, and massive layoffs have stirred FUD among community members of the crypto exchange Huobi notwithstanding the fact that the rumors have been denied. Despite a Huobi counsel rejecting the reports, the community has advised customers to remove cash in response to rumors that the cryptocurrency exchange Huobi has fired […]
Magic Eden to refund customers duped into purchasing fake NFTs
Magic Eden said that it would refund any users who unintentionally bought unverified NFTs as a result of an update to its tools features. As a result of a recent hack, Magic Eden disclosed that it will issue refunds to any users who unintentionally purchased unverified NFTs that appeared on the collection sites. The Solana-based […]
Animoca Brands plans to invest $1B in Web3 in Q1 of 2023
Animoca Brands, with headquarters in Hong Kong, plans to launch a $1 billion Web3 and Metaverse investment fund. During the first quarter of the year, the blockchain gaming company Animoca Brands plans to raise almost $1 billion for its most recent Web3 and Metaverse investment fund. The initiative is being taken despite the fact that […]