SaltLayer Secures $8M for Bitcoin Restaking Platform
SaltLayer has closed a $8 million pre-seed investment round based on the Babylon staking mechanism and powered by Bitcoin. Multiple venture capital organizations focusing on cryptocurrency have backed the Bitcoin restaking platform, according to a statement made on X on August 22. The pre-seed investment was co-led by web3 venture capital firm Hack VC and […]
Binance Ramps up Compliance Efforts with 1000 new Hires
Binance plans to add at least 1,000 new workers, 20% of whom will be assigned to compliance-related positions by the end of 2024. In an interview with Bloomberg on August 22, Richard Teng, the exchange’s new chief executive who assumed control of Binance in late 2023, discussed these intentions. He disclosed that the exchange intends […]
Taiwanese Court Convicts Spies Paid in Crypto by China
In one of the most high-profile spying cases, Taiwan’s top court convicted eight Chinese espionage suspects using crypto to make payments. According to Bloomberg, which cites Taiwan’s Ministry of Justice’s Investigation Bureau, Taiwanese military troops engaged in a significant espionage case were paid with Bitcoin by Chinese intelligence. In what the newspaper refers to as […]
How Brands are Creating Unique Shopping Experiences in the Metaverse
The concept of the Metaverse has transitioned from science fiction to a burgeoning reality, transforming how brands interact with consumers. The Metaverse is transforming into a vibrant shopping destination, using augmented and virtual reality and blockchain to deliver innovative shopping experiences. In this article, we’ll discuss how brands create unique shopping experiences in the Metaverse. […]
Aptos Teases NFT Collaboration with Rarible
Layer-1 blockchain ecosystem Aptos is preparing to partner with NFT marketplace Rarible as network transactions rise. The layer-1 blockchain network Aptos, which uses the proof-of-stake consensus method, will partner with the non-fungible token marketplace Rarible to accomplish a goal that the blockchain refers to as a “game-changer” for both platforms. A worldwide community manager for […]