Web3 Archives - Page 2 of 13

Web3 Firm Azuki Arrives on Chinese Lifestyle Social Platform Xiaohongshu

The Chinese user community of Web3 firm Azuki has officially arrived on Xiaohongshu, a lifestyle sharing social platform, to share more about the brand's community culture and activities.

Binance Resumes Withdrawals of Stablecoin USDC After Short Suspension

Binance, the world's leading cryptocurrency exchange, resumed stablecoin USDC withdrawals about eight hours after it announced a pause in the service on December 13 while it carried out a "token swap."

Alibaba’s Joseph Tsai Invests in Web3 Video Platform

Shibuya, a Web3 video platform, received seed round funding of $6.9 million on December 8, led by a16z crypto and Variant, which was also the first Web3 startup to publicly accept investment from Joseph Tsai, co-founder and executive vice chairman of Alibaba.

Digital Collections Listed as Virtual Property in China

In a case of information sales contract dispute caused by a digital collection transaction heard by Hangzhou Internet Court in Zhejiang Province, China, it was pointed out that digital collections belong to virtual property that is protected by law.

Huobi Co-Founder Appointed CEO of New Huo Tech to Diversify Digital Asset Business

Jun Du, the co-founder of crypto exchange Huobi, has been appointed as the executive director and CEO of New Huo Tech, leading the Hong Kong-listed one-stop crypto asset service platform to further diversify its digital asset business in the future.

Crypto Exchange Coinbase Shuffles Asia-Pacific Team

Coinbase, the first crypto exchange to go public on a US stock market, on November 30 announced leadership changes to its Asia-Pacific team, following its focus on Singapore as a tech hub last year and obtaining recent regulatory approval in the country.

Huobi Partners With Tron to Launch First National Token in Dominica

In order to advance the global development of Web3 and the metaverse, Huobi has partnered with Tron Network and DMC Labs to jointly launch the world's first national token, the Dominica Coin (DMC).

Huobi Launches Refreshed Brand, Unveils Post-Acquisition Global Expansion Roadmap

Crypto exchange Huobi Global launched a refreshed branding strategy on November 22, under which it will now simply be known as "Huobi." The brand upgrade also came with the unveiling of a global expansion roadmap since it was acquired by About Capital Buyout Fund last month.

Binance Takes Lead in Size of Bitcoin Reserves

Data from analytics site CryptoQuant recently revealed that Binance has surpassed Coinbase Pro, a leading crypto exchange platform, to reach the top rank in terms of Bitcoin reserves on the exchange for the first time.

Chinese Digital Collection Platforms Retreat Under Strong Supervision

Since October, nearly 20 small and medium-sized digital collection platforms in China have issued announcements regarding scale-backs and liquidations, citing industry risks, low growth rates, stagnated development and other reasons.

Amazon Web Services Reportedly Conducting Secret Business in Chinese Cryptocurrency Field

Various blockchain projects with unclear entanglements in virtual currency reportedly served as the revenue pillars for Amazon Cloud Services (AWS) in China. Amazon China was using a well-designed system to hide these projects under the guise of AWS.

Tencent Music Entertainment Shuts Down Digital Collection Business

Music streaming service provider Tencent Music Entertainment (TME) shut down its digital collection business and has transferred some team members to other departments.

Defendant in ETH Theft Case in China Sentenced to Over 10 Years in Prison

The defendant in a cryptocurrency theft case in Southeast China has been sentenced to 10 years and six months in prison and fined 200,000 yuan ($28,240).

Metaverse Platform Yahaha Bags $40M in Round-A+ Financing Led by Temasek and Alibaba

Virtual user-generated content metaverse platform Yahaha announced on November 15 that it has completed round-A+ financing totaling $40 million, jointly led by Temasek and Alibaba and followed by 37 Interactive Entertainment.

Hong Kong-Based Crypto Exchange Bitcoke Suspends Withdrawals Due to Investigation of Financial Officer

BitCoke, a Hong Kong-based crypto exchange, suspended withdrawals from 13:00 on November 13 local time due to a police investigation into its financial officer.

Crypto Exchange Binance to Acquire Rival FTX, Drawing Antitrust Concerns

Crypto giant Binance said on November 8 that it has signed a non-binding letter of intent to fully acquire its rival FTX, helping to cover a liquidity crunch. Binance was the first investor to back FTX.

NFT Marketplace Magic Eden Seeks New Standard to Enforce Royalties

Jack Lu, co-founder and CEO of Solana's leading NFT marketplace Magic Eden, has advocated for a new NFT standard that would enforce royalties at a hard, technological level.

Who Is Responsible for the GALA Token Incident?

The price of a GALA token on crypto exchange Huobi recently plummeted to nearly zero, stemming from a maneuver carried out by pNetwork, which locked up GALA on the Ethereum blockchain and re-minted it as "pGALA" on the Binance Smart Chain.

Decentralized Social Graph Lens Protocol Secures Investment From FTX Ventures

FTX Ventures, a capital investment fund under crypto exchange FTX, has invested in Lens Protocol, a composable and decentralized social graph created by the team behind decentralized finance lending platform Aave.

Marketing Firm Serotonin on Web3’s Remarkable Impact on the Gaming Field

Serotonin, the leading marketing agency in Web3 field, published a report on November 2 to demonstrate how both studios and gamers can benefit tremendously from Web3.

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