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OpenSocial Protocol, a platform for building social applications on blockchain technology, has secured $6 million in strategic funding. The investment round was led by Framework Ventures and North Island Ventures, with participation from several other venture capital firms and angel investors in the Web3 space. This brings OpenSocial Protocol'
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Magnify Cash, a decentralized finance (DeFi) platform based in Singapore, has launched a new protocol designed to address liquidity challenges in the cryptocurrency market. The platform aims to provide lending and borrowing services for a wide range of digital assets, including Real-World Assets (RWAs) and Future Yield Tokens (FYTs), through
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On July 23, 2024, blockchain company Multipool announced it had received a strategic investment from Kronos Research. The deal, made public in Majuro, Marshall Islands, marks a significant development in the decentralized finance (DeFi) sector. Multipool, known for its work on decentralized exchanges, has been developing a fully on-chain trustless
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The tokenized US Treasury market is on track for substantial growth, according to analyst Tom Wan from 21.co. Wan predicts that this segment could reach $3 billion by the end of 2024, driven by a strategic shift towards real-world asset (RWA) tokenization within the decentralized finance (DeFi) ecosystem. This
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DAO TOKYO 2024, a major conference focusing on decentralized autonomous organizations (DAOs) and Web3 technology, is set to take place on August 21-22, 2024, at the historic Kanda Myojin Shrine in Tokyo, Japan. The event, organized by leading incubator Fracton Ventures, aims to spotlight Japan's growing influence in
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The Law Commission of England and Wales has published a scoping paper on Decentralized Autonomous Organizations (DAOs), concluding that there is no immediate need for DAO-specific legislation. The commission, an independent statutory body responsible for law reform recommendations, suggests that DAOs can be accommodated within existing legal and regulatory frameworks.
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Germany, once a leader in technological innovation, is showing signs of losing its competitive edge. Recent decisions, including the closure of nuclear power plants and the massive selloff of seized Bitcoin, have raised concerns about the country's long-term technological strategy and its ability to keep pace with fast-developing
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Think you’ve missed the boat on meme coins? Think again. The crypto scene is alive with fresh contenders, proving it’s never too late to dive in. The meme coin frenzy is far from over, and this new wave is making serious waves. Ready to catch the next big
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The U.S. House of Representatives is preparing to revisit a bill aimed at overturning a controversial Securities and Exchange Commission (SEC) directive regarding cryptocurrency custody. House Majority Leader Steve Scalise has scheduled the reconsideration of the bill, which was previously vetoed by President Joe Biden in May, for July
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The Cardano blockchain platform has completed voting for its first Interim Constitutional Committee (ICC), a key step in implementing on-chain governance. The election saw significant community participation, with over 455 million ADA tokens staked and 1,947 unique votes cast. Twenty-one candidates stood for election to the ICC, which will
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DEX Screener, the popular data aggregator for decentralized exchanges, has launched its own token launchpad called Moonshot. This Solana-based platform has already made waves in the crypto community, with over 7,000 meme coins created in just one day. One of the points sets Moonshot apart is its approach to
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Colosseum, a Solana-focused crypto accelerator, has successfully raised $60 million for its inaugural fund aimed at supporting early-stage startups within the Solana ecosystem. The fund, which exceeded its initial target of $50 million, will exclusively invest in select projects chosen from winners of Solana hackathons. Founded earlier this year by