GeneralBeginnerRecently, Non fungible token (NFT) marketplace SuperRare introduced a “Curation Token” in order to decentralize the project. As part of the launch 15% of the RARE token’s total supply was airdropped to the users of the platform. SuperRare said that eligible participants would have received a…
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GeneralBeginnerRecently, the social media app Reddit announced that it is nearing $700 million in Series F funding, led by Fidelity Management and Research Company LLC. at a post money valuation of over $10 billion. Well, the financial services giant Fidelity approached Reddit with another $410 million funding…
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EthereumBeginnerRecently, Indian crypto startup Polygon announced that it is acquiring Hermez in a 250 million MATIC deal. A "layer 2" platform on the Ethereum blockchain, Polygon said that Hermez will be absorbed into its ecosystem under the name Polygon Hermez, where it will become a part of the growing Polygon…
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BitcoinBeginnerRecently, Upgrade, Inc., the lending startup co founded by the former CEO of Lending Club, announced that it closed a $105 million Series E round led by Koch Disruptive Technologies (KDT). This funding round takes the firm’s valuation to $3.325 billion. Participation from new and existing…
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GeneralBeginnerDeFi platform Poly Network was attacked on Tuesday, with the alleged hacker extracting approx $600 million in cryptocurrencies. The company tweeted news that the network was attacked on BinanceChain, Ethereum, and 0xPolygon. Cryptocurrency wallet addresses disclosed by Poly manifest transfers of…
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GeneralBeginnerRecently, Non fungible token (NFT) platform Topps announced its partnership with German football league Bundesliga to release an exclusive collection of NFT trading cards. The NFT collection is the first for the Bundesliga, and will feature top players, rising stars and highlights from the 2020…
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GeneralBeginnerRecently, Philipp Plein announced that it has become the first major fashion brand to accept cryptocurrency as payment. The popular, global brand will accept 15 cryptocurrencies, including bitcoin and ether. Crypto currency is accepted for purchases in the bran’s many brick and mortar retail…
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GeneralBeginnerRecently, Digital art platform MakersPlace announced that it has raised $30M to further its mission of enabling a vibrant future for digital creativity. This series A funding round was led by Pantera Capital and Bessemer Venture Partners with participation from Uncork Capital, 9Yards Capital,…
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GeneralBeginnerRecently, Cryptocurrency exchange FTX signed a seven year partnership with Riot Games to sponsor its League of Legends Championship Series (LCS) franchised league in North America. Though financial terms of the deal were not revealed, according to the Riot Games it is the largest sponsorship…
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GeneralBeginnerRecently, NCR Corporation, a leading enterprise technology provider, signed a definitive agreement to acquire LibertyX. Leading cryptocurrency software provider and ATM network firm, LibertyX has collaboration with independent ATM operators, like Cardtronics, who own and manage ATMs in the United…
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GeneralBeginnerRecently, New York State Department of Financial Services (DFS) announced new initiatve to promote diversity, equity and inclusion in the banking and non depository financial industries. DFS, via a industry letter to New York regulated banking institutions and New York regulated non depository…
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