Latest Market News
With the proliferation of Decentralized Finance across all spheres of economic activity, it became obvious that some universal solution is required for the smooth operation of the network. Indeed, by being decentralized – and, at the same time, non-unified place, DeFi remains a field of controversy between multiple operators of the blockchain networks. Apart from high network fees and extended waiting time resulting from the lack of interoperability, the continuous need of adaptation presents a constant need to focus on technical aspects of the job, instead of investing the precious time in the development of a concept and direct forces on the core part of the project.
CryptoClassic, an ambitious payment-focused company championing confidentiality, anonymity, and liberty, launched on the eco-friendly Binance Smart Chain (BSC) before listing on five centralized cryptocurrency exchanges, including CoinTiger, as per the latest data on November 15.
Galaxy Digital, a financial services and investment company focused on digital assets, has partnered with TIME to feature entrepreneurs that are active in the metaverse and educate the public about this emerging sector.
DeFi project Acala is the winner of the first parachain slot auction on the Polkadot blockchain network. Users committed a total of $1.3 billion worth of DOT in crowdloans to Acala.
Cryptocurrency exchange Gemini is in the process of raising $400 million at a valuation of $7.1 billion, according to a recent report by Forbes. The deal, which is yet to be finalized, is expected to be led by Morgan Creek Digital, with investors such as Pantera, VanEck, the Commonwealth Bank of Australia and others reportedly participating as well.
If there is anything that could be said about the blockchain space, it is that there is a massive innovative drive behind it. From it, a new kind of cryptocurrency emerged, one that marries Bitcoin's unhackable security with sustainable concepts. One such cryptocurrency that is implementing an active mechanism to mitigate its carbon footprint is SANUSCOIN (SAC).
The Sandbox, a project that’s creating a virtual world by leveraging blockchain technology, has announced the upcoming launch of an alpha version that will allow players to try out the game’s virtual world (or metaverse) for the first time.
Blockchain software and infrastructure company ConsenSys has raised $200 million in an investment round that values the company at $3.2 billion. The round included investors like Marshall Wace, HSBC, Third Point, Coinbase Ventures and others.
Cryptocurrency exchange Crypto.com has reached a 20-year deal to rename the Staples Center arena to Crypto.com Arena. The arena is home to major sports franchises like NBA teams Los Angeles Lakers and Los Angeles Clippers, NHL team LA Kings and WNBA team Los Angeles Sparks.
TRON founder Justin Sun has won an auction for Le Nez, a sculpture by Swiss artist Alberto Giacometti. Sun says he won the auction at a purchase price of $78.4 million. The purchase price falls within the $70 million - $90 million estimate provided by Sotheby’s, which conducted the auction.
