Gate.io, Abu Dhabi Blockchain Center Partner to Launch $100M Web3 Fund
Gate Ventures, the venture capital branch of Gate.io, has partnered with the Blockchain Center in Abu Dhabi to establish a $100 million fund dedicated to advancing Web3 innovation in the US, Asia, Europe and the MENA region. On August 19, Gate.io announced the establishment of Falcon Gate Ventures, a joint venture that assists Web3 developers. […]
Polychain Invests $6.7M in Bitcoin-centric Yield Network Corn
Polychain Capital has disclosed a $6.7 million investment in a new yield-generating network called corn, which is Bitcoin-centric. The new Ethereum layer-2 (L2) network, CornCorn, which is tickered BTCN, received a $6.7 million investment. The network utilizes a tokenized version of Bitcoin for gas fees and economic incentives. Chris Spadafora, the founder of Corn and […]
ParaSwap to Curb MEV Attacks With New Intent-Based Protocol
ParaSwap, a DEX aggregator, is introducing an intent-based trading protocol intended to address the issue of MEV assaults, which result in millions of dollars in daily losses on crypto transactions. MEV is an acronym that stands for the maximum extractable value. In this context, validators exploit their capacity to regulate the order, inclusion, and implementation […]
Hosting Successful Metaverse Events: Best Practices and Tools
The metaverse is a virtual space where people interact with each other in a more immersive and engaging way, and it’s becoming a popular place to hold digital events. These virtual gatherings, ranging from conferences to concerts, are breaking traditional barriers, allowing global participation without geographical constraints. However, hosting an event in the metaverse requires […]
Dubai Court Sees Salary Payment in Crypto as Valid
The Dubai Court of First Instance has recognized salary payments in crypto as valid under employment contracts, showing the growing acceptance of crypto in the United Arab Emirates. Irina Heaver, a partner at the UAE law firm NeosLegal, clarified that the ruling in case number 1739 of 2024 represents a departure from the court’s previous […]