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Animoca, WeMade, Samsung Next back Web3 studio to develop open-source games

Animoca, WeMade, Samsung Next back Web3 studio to develop open-source games

[ad_1] Community-driven gaming firm, Planetarium Labs, has raised $32 million in Series A funding, backed by Animoca Brands, Samsung Next and WeMade. The funds will be used to build a blockchain-based gaming ecosystem in which players can participate in the game network while also allowing members of the community a seat at the table. According

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Blockchain Security Firm Files Patent for Ransomware Solution EB Drive

Blockchain Security Firm Files Patent for Ransomware Solution EB Drive

[ad_1] Blockchain networking company Everything Blockchain Inc. has applied for a patent for its Blockchain drive (EB Drive). As traditional data storage mainly exists on local or network hard drives is vulnerable to ransomware attacks. Despite data being encrypted, there are other disadvantages such as decrypting data, lack of backups and restoring data. Everything Blockchain, Inc.

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Equilibrium integrates Polygon for cross-chain DeFi solutions

Equilibrium integrates Polygon for cross-chain DeFi solutions

[ad_1] Equilibrium has announced Polygon integration as it aims to offer cross-chain DeFi solutions to both projects and users of the Polygon Network ecosystem. Following the integration, Equilibrium will allow Polygon users to leverage the innovations and advantages of the Equilibrium DeFi 2.0 platform. Developers will also be able to build scalable solutions that feature

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Crema hacker returns M, keeps .6M in deal with protocol

Crema hacker returns $8M, keeps $1.6M in deal with protocol

[ad_1] The hacker who exploited Solana-based liquidity protocol Crema Finance on July 2 returned most of the funds but was allowed to keep $1.6 million as a white hat bounty. The bounty, 45,455 Solana (SOL), is worth a generous 16.7% of the $9.6 million Crema lost initially, which forced the protocol to suspend services. Crema’s

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Chinese Court Reaffirms Stablecoins are Not Legal Tender

Chinese Court Reaffirms Stablecoins are Not Legal Tender

[ad_1] It is already about a year since China banned transactions involving digital currency transactions, and a Chaoyang Court in Beijing has further reiterated that cryptocurrencies are not a legal tender in the country. The court ruled on a dispute involving a senior employee and two shareholders of a network technology company regarding the payment

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WSJ editorial slams SEC’s ‘bewildering’ Bitcoin ETF denials

WSJ editorial slams SEC’s ‘bewildering’ Bitcoin ETF denials

[ad_1] The Wall Street Journal Editorial Board has come out swinging against Gary Gensler’s “legendary” resistance to approving a spot Bitcoin exchange-traded fund (ETF).  The hard-hitting opinion piece, published on Wednesday, July 6 called out the Gensler-led Securities and Exchange Commission (SEC) for overt inconsistencies in how the commission handles applications for Bitcoin-related exchange-traded products

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Crypto owners banned from working on US Government crypto policies

Crypto owners banned from working on US Government crypto policies

[ad_1] US government officials who privately own cryptocurrencies are now banned from working on regulations and policies that could affect the value of digital assets. A new advisory notice released by the US Office of Government Ethics (OGE) on Tuesday stated that the de minimis exemption — which allows for the owners of securities who

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VanEck Grants m Investments from Two Fairfax County Funds

VanEck Grants $35m Investments from Two Fairfax County Funds

[ad_1] VanEck, a global investment manager that provides Exchange Traded Fund and Mutual Funds, has announced that it has granted a $35 million investment from Fairfax County in Virginia.  The asset manager revealed that the investment was from two of Fairfax County’s retirement systems, including the Fairfax County Employees’ Retirement System and the Fairfax County

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