Blockchain startup Instadapp ropes in $10Mn in latest funding round

Blockchain startup Instadapp ropes in $10Mn in latest funding round
Instadapp's INST governance tokens will soon be offered to investors in exchange for the funds The company has been supported by entrepreneur investors Balaji Srinivasan and Naval Ravikant Fintech startup Instadapp which operates in the proliferating DeFi segment has raised $10 million in its latest funding round from venture capital firm Longhash Ventures, Standard Crypto, DeFi Alliance, and Yearn founder Andre Cronje, among others. T

LogiTron unveils new DeFi platform to support ‘Digital Twin Ecosystem’

LogiTron unveils new DeFi platform to support ‘Digital Twin Ecosystem’
LogiTron - a Florida-based private blockchain project has announced the launch of a novel DeFi platform which is expected to bring more profits to its early token holders from July 2021. The project has been working in the rapidly developing blockchain sector for over three years, beginning with small ideas to bring life to the ‘Digital Twin Ecosystem’ on its blockchain platform. For the record, ‘Digital Twin’ is a softwa

BlokForge buys Cryptouniverse to set foot in Europe crypto mining sector

BlokForge buys Cryptouniverse to set foot in Europe crypto mining sector
BlokForge- a US-based cryptocurrency mining equipment and accessories entity has reportedly announced the purchase of Cryptouniverse- a leading online mining distributor for Europe to help expand Bitcoin mining on a global scale. This news favors the adoption of digital coins as China has announced that it will be preventing crypto mining within China. At present, the nation is responsible for over 65% of bitcoin mining globally. Notably, the p

Cryptocurrencies must come with strict rules, say banking regulators

Cryptocurrencies must come with strict rules, say banking regulators
According to global banking regulators, cryptocurrencies comprising bitcoin should come with the toughest bank capital rules. The move is intended at avoiding putting the extensive financial system at risk if there is a sudden collapse in their value. As per the Basel Committee on Banking Supervision, a new conservative prudential treatment should be launched for crypto-assets. The treatment must be equipped to force banks to keep aside enough c

Victory Capital forms exclusive agreements to enter crypto market

Victory Capital forms exclusive agreements to enter crypto market
Victory Capital Holdings, Inc. has recently announced the establishment of exclusive agreements by Victory Capital Management Inc., its investment adviser, with Nasdaq and Hashdex, the asset manager. The latest agreements are in line with the company’s target to enter the cryptocurrency market. Victory Capital will serve as the exclusive sponsor of the private placement funds & other vehicles for investors in the U.S., based on the NCI

Kommunitas unveils launchpad to support polygon chain projects

Kommunitas unveils launchpad to support polygon chain projects
Kommunitas- a Blockchain startup is reportedly developing a launchpad platform for its users to design projects within its ecosystem. This platform will allow the individual teams to work on various features offered by the company. Notably, Kommunitas launchpad will lay its focus on Polygon Chain programs. Polygon provides a scalable blockchain technology with nearly zero transaction fees. The launchpad will also be one of the firsts on the Chai

RFOX Games announces NFT IP collaboration with MarvelousNFTs

RFOX Games announces NFT IP collaboration with MarvelousNFTs
RedFOX Labs, a Vietnamese emerging tech internet company, has recently announced strengthening its NFT revolution through a strategic partnership of RFOX Games with MarvelousNFTs. This alliance is projected to release BAD DAYS KOGs’ new Edition soon. For information, RFOX Games is an inherent arm of RedFOX, which aims to introduce new level of play-to-earn to the gaming industry. RFOX Games’, along with MarvelousNFTs is anticipated

Square injects $5Mn in Blockstream’s solar-led Bitcoin mining unit

Square injects $5Mn in Blockstream’s solar-led Bitcoin mining unit
The company is also seeking to develop an open hardware wallet for Bitcoin for its clients San Francisco-based financial services firm- Square which is head by Twitter CEO- Jack Dorsey has reportedly invested USD 5 million in blockchain technology company- Blockstream Mining- to develop an open-sources, solar-backed Bitcoin mining unit.   The announcement follows as the environmental impact of mining for one of the largest cryptocurrency

Kraken launches crypto app in US as investors opt for digital currency

Kraken launches crypto app in US as investors opt for digital currency
Prominent cryptocurrency exchange Kraken is reportedly introducing its mobile app in the U.S. in light of shifting interest of retail investors towards the digital currencies. This move apparently comes in just two months after the stock market debut of its rival Coinbase.   Effective from Wednesday (June 4), Kraken’s mobile app is expected to allow the users in the country to securely sell and purchase over 50 crypto tokens using the