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2024-05-06

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Recent: Crypto VC: Token investing and the next bull run with Digital Wave Finance ZTX’s Vision for the Future India imposes anti-money laundering provisions on ...Read all of CoinDesk's coverage here.Galxe replacing 110% of funds users lost in recent front-end hack, over $400K Source: www.mocaverse.xyzAnimoca Brands, a metaverse and gaming venture capital firm, has raised $20 million to expand its Web3 identity project Mocaverse.According to the press release, the funding round was led by blockchain- and Web3-focused venture capital company CMCC Global, with other investors including Kingsway Capital, Liberty City Ventures, GameFi Ventures, Aleksander Larsen (Sky Mavis founder), Gabby Dizon (Yield Guild Games founder), Koda Capital institutional investors, and others. Yat Siu, the executive chairman and co-founder of Animoca Brands, participated in the round as well. Speaking of the project, Martin Baumann, the co-founder of CMCC Global, said that, Mocaverse "will unify the unique portfolio of companies within the Animoca Brands umbrella and will become a portal for hundreds of millions of new users to access Web3 and metaverse ecosystems."As part of the raise, Animoca Brands issued Simple Agreements for Future Equity (SAFEs) at a price per share of $2.89. The SAFEs will be automatically converted to ordinary shares after six months. It also gave the investors a free-attaching utility token warrant on a 1:1 dollar basis with a 30-month vesting schedule, it said.Non-transferrable NFT Collection Coming SoonAnimoca Brands said that the new capital will be used to advance the Mocaverse project. This comprises product development, Web3 adoption, and forming new partnerships to "expand the gaming, culture and entertainment ecosystem of Animoca Brands’ portfolio of approximately 450 investments in Web3 companies and projects."Per the website, Mocaverse is the membership non-fungible token (NFT) collection of 8,888 characters called Mocas, each belonging to one of five tribes. Mocaverse aims to enable its participants to create digital identities, gain reputation, earn and spend loyalty points, and use their digital identity across the Mocaverse ecosystem.Per the announcement,"Animoca Brands envisions Mocaverse as the identity and point system for Web3 gaming, culture, entertainment."Mocaverse will soon launch 'Moca IDs' - a non-transferrable NFT collection designed to enable users to have one identity across Animoca Brands' platforms.Moca ID holders, the company said, will gain exclusive access to Mocaverse experiences and will earn loyalty points through active engagement.The loyalty points will drive a permissionless, interoperable, and increasingly decentralized loyalty system, in order to enable third-party adoption and integration of Moca ID, said the press release.Animoca Brands' Yat Siu argued that,"The DAO-based approach of Mocaverse ensures that its community will be focused on driving innovation and collaboration across the broader Animoca Brands ecosystem." Mocarverse, he opined, will see users participate in a community that generates new economic opportunities and will serve as the digital identity, reputation, and loyalty system for other decentralized organizations.____Learn more:- Web3 Neobank 'hi' Secures $30 Million Investment from Animoca Brands to Strengthen NFT Utility- Crypto Struggles Are Predominantly North American, Says Animoca Brands CEO- Animoca's Yat Siu on the Future of the Metaverse- What is the Metaverse?Casio the Latest Japanese Firm to Enter NFT Arena – More to Follow?

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The Federal Reserve’s decision to either raise or pause rates on Wednesday may not significantly impact the crypto market, according to industry watchers. However, insights from the US central bank about its overall view of the economy might. Pirate Nation was originally deployed on Polygon, but it set sail for another Ethereum scaling network—Arbitrum Nova—earlier this year, in search of cheaper network fees. Even though it runs on a blockchain network, Proof of Play says that players can remix and add their own content to the game, customizing and expanding it all the while. Are foreign exchange contracts derivatives?The graph below shows that, at the end of 2019 and the start of 2020, Bitcoin traded in a narrow triangle whose vertex reached $10,000. It soon broke out from a resistance level into uncharted territory. Holo (HOT) on the Holochain allows for Peer-To-Peer (P2P) applications and has made it to this list mainly due to its whale transactions. The Santiment post shows a rise in whale accumulation among addresses holding between $100,000 and $1 million, as well as high whale transactions, exchange inflows, and age destroyed (Consumed).

Chainlink Automation, on the other hand, is a tool primarily focused on triggering things on-chain. A developer could use Chainlink Automation to trigger a smart contract every two hours, for example. The astrology-themed NFT project Lucky Star Currency (LSC) has performed an exit scam for over $1 million, according to an October 9 report from blockchain security firm Certik. What is cryptocurrency? Crypto explained simply.Pro-crypto RFK Jr. leaves Democrats to campaign for US president as independent Alfred said:

The crypto market cap has seen an increase in value ever since it rebounded from the $1 trillion support level on September 11. This upward movement led to a breakout from a descending resistance trendline on September 18. BlackRock CEO Says ‘Next Generation for Markets’ Is Tokenization Buy Tether TRC20 (USDT) with United States dollar (USD) ...There are several things to keep an eye out for in this week’s macroeconomic calendar. Additionally, geopolitical events could also add volatility to crypto markets, which have been stagnant over the weekend. The move came a day after Binance had already allegedly sold approximately $530 million worth of FTT, triggering a 14% decline in the token’s price over 24 hours.

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