Web3 Archives - Page 2 of 12

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.

Comedian Stephen Chow Hints at Bringing His Film Character to Metaverse

Stephen Chow, a Hong Kong comedian, filmmaker and actor known for Shaolin Soccer and Kung Fu Hustle, posted on Instagram on October 31 to ask which of his movie characters people would most like to see in the metaverse, hinting that he will introduce his own characters to the Web3 world.

Huobi Denies Mass Layoffs and Departure of Executives

Reports have emerged claiming that the former CEO and CFO of Huobi, a crypto exchange that has been purchased by a Hong Kong-based investment company, have resigned, and that large-scale layoffs will be carried out. However, this report was then denied by company officials.

Hong Kong Unveils Measures to Develop Virtual Assets Value Chain

The Hong Kong government issued a policy statement on the local development of virtual assets at the opening of the city's flagship tech conference Hong Kong FinTech Week on October 31, aiming to promote the city as an international crypto hub.

Binance Invests $500M in Elon Musk’s Twitter Acquisition

With Elon Musk taking over Twitter, Binance, the world’s largest crypto exchange, confirmed on October 28 that it was an equity investor in the billionaire’s $44 billion acquisition.

Hong Kong to Legalize Retail Crypto Trade as Mainland Ban Persists

A planned mandatory licensing program in Hong Kong for crypto platforms set to be enforced in March of next year will reportedly allow retail trading. Regulators are seeking to allow listings of bigger tokens but won't endorse specific ones like Bitcoin or Ether.

Coca-Cola and Tencent Music’s TMELAND Create Metaverse Zone for Fans

TMELAND, the first virtual social music platform under Tencent Music Entertainment, opened a new metaverse zone for fans on October 24 during the Coca-Cola Fan Festival through WeChat mini programs in China.

Crypto Mining Firm Canaan Launches Cutting-Edge Bitcoin Mining Rigs

Chinese crypto mining rig manufacturer Canaan Inc. on October 24 launched the Avalon Made A13 series, a new generation of bitcoin mining machines.

LiveArt Meta-morphic Public Sale to Launch on Oct. 24, With Support From Top NFT Marketplace and Blue Chip Communities

According to LiveArt, the NFT collection "Meta-morphic: Seven Treasures" by contemporary master Huang Yuxing will be open for public sale on October 24, 2022 14PM UTC.

Metaverse Startup Flowing Cloud Lists in Hong Kong, Flat R&D Investment Raises Concern

AR and VR services provider Flowing Cloud was officially listed on the Hong Kong Stock Exchange on October 18 as its first metaverse-related stock, with an opening price of HK$2.21 ($0.28) per share, equal to the issue price.

Short Video Giants Douyin and Kuaishou Compete for Social Metaverse

Following the launch of virtual avatar "Douyin Zaizai," ByteDance's Douyin platform recently unveiled a new virtual space. Meanwhile, competing Chinese short video streaming platform Kuaishou is also developing a virtual avatar social networking layout.