Launch Zone suspends trading, native token transfers
Launch Zone has stopped trading and transferring of its native token LZ until further notice after hack drains 80% of the liquidity pool. Launch Zone, a DeFi protocol, was compromised on February 27 by a DND exploiter, which caused a catastrophic decline in the value of its native token LZ. The protocol initially issued a […]
Huawei Cloud Unveils Web3, Metaverse Alliance
The metaverse and web3 partnership that will bring together various companies, has been launched by Huawei Cloud. During its Asia-Pacific (APAC) Partner Leadership Summit, held in Bali, Indonesia, from February 23 to 24, Huawei Cloud announced the alliance. The industry and the alliance’s members have benefited greatly from the Metaverse and Web3.0 alliance, which is […]
Japan implements its intentions for metaverse investment
After it had been declared that Japan would increase investments in the Metaverse and NFTs, ten Japanese corporations have joined forces to establish a metaverse economic zone. According to Forkast News, Japanese goliaths Mitsubishi and Fujitsu are among those that signed a contract on February 27 to create an open metaverse infrastructure. According to the […]
BitDAO’s Mantle Core suggests $200 million for Web3 fund
The BitDAO ecosystem created the Ethereum layer-2 network known as Mantle Core. The fund aims to increase developer and DApp adoption. Mantle Core posted a request on the governance forum of BitDAO on February 26 to establish a $200 million fund for early-stage Web3 firms. The ecosystem fund intends to increase developers’ and Dapps’ use […]
Coinbase To Suspend Binance USD Trading
In reference to regulatory guidance, Coinbase has announced the suspension of Binance USD (BUSD) trading on its exchange. Unexpectedly, one of the biggest cryptocurrency exchanges in the world, Coinbase, has stated that it will stop allowing traders to trade Binance Dollar (BUSD) on its platform. The Bitcoin market has been rocked by this news, and […]