Author: News Room

Illuvium Labs, the gaming studio behind the anticipated blockchain gaming universe Illuvium, announced this week that it has raised $12 million in Series A funding as it gears up for the launch of its interconnected game titles in Q2 2024. The fresh capital injection was co-led by King River Capital, Arrington Capital, Animoca Brands, and The Spartan Group, with participation by investors including Arca, Polygon Ventures, 32-Bit Ventures, and Yield Guild Games. The Illuvium gaming universe spans three core game experiences: monster-battler Illuvium Arena, open-world action/adventure game Illuvium Overworld, and base-building game Illuvium Zero. They’re collectively built around interoperable assets…

Lisbon, Portugal, March 28th, 2024, Chainwire Polkadot-backed community coin #DED has made it to the trending charts on X, demonstrating the community’s engagement and interest behind the memecoin.  The project has sparked a new-found excitement in the Polkadot ecosystem, seeing over 20,000 await their airdrop in the $DED telegram channel. With the token’s snapshot debuting early last week, the team hopes $DED signifies a second coming for the Polkadot ecosystem and fresh liquidity. With partnerships and support from top projects on the network such as Talisman Wallet, Nova wallet, SubWallet and others, $DED is showingcasing how powerful and committed the Polkadot community can be.…

2024 has been stellar for cryptocurrencies. Yet, such growth is often shadowed by strong corrections, a trend that may soon impact altcoins like Celestia (TIA), Kaspa (KAS), BitTensor (TAO), and Helium (HNT). Despite TAO’s impressive year-to-date (YTD) surge of over 100%, its April forecast appears bearish, signaling a potential pullback as it tries to capitalize on the hyped artificial intelligence narrative. Meanwhile, HNT, after a spike in February, is now finding it challenging to maintain its stride as it seeks to leverage the DePin (Decentralized Physical Infrastructure Networks) narrative. As April looms, we could see even stronger altcoin corrections for…

Diamante Blockchain stands at the forefront of blockchain innovation, committed to expanding the reach and utility of its proprietary network, Diamante Net. The mission is to harness the transformative power of blockchain to deliver unparalleled value and efficiency across industries. With a focus on security, scalability, and sustainability, the team is dedicated to developing open-source […] Read the full article here

Prominent crypto exchange-traded product (ETP) issuer has announced the launch of 21Shares Toncoin Staking ETP. This new ETP aims to offer investors a regulated avenue to capitalize on the expansion of The Open Network, a platform facilitating applications such as Telegram, which boasts a user base exceeding 900 million in Q1 of 2024. 21Shares’ Toncoin Staking ETP According to the official press release, the new Toncoin Staking ETP will start trading on the Swiss SIX Exchange under the ticker TONN on March 27. This is a 100% physically backed product that tracks the performance of TON while capturing and reinvesting…

The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. As the Argentine economy is racked by record inflation, its people are turning to Bitcoin as a way to protect their economic security. The Argentine Republic is currently experiencing the worst inflation rates in the world. The nation’s economy has experienced low levels of inflation, somewhere around 25%, for decades; yet the pandemic sharpened a downward trend to devastating effect. The…

Decentralized finance (DeFi) protocol Ethena, which offers the $1.3 billion USDe token, unveiled plans Wednesday to debut its governance token by airdropping tokens to users on April 2, according to a blog post. The protocol is set to airdrop 750 million ENA tokens, or 5% of the total supply. The campaign to earn “shards,” which qualify users for the token airdrop, will end on April 1. Those who unstake, unlock or sell all their USDe before this date will not be eligible for the airdrop. Users will be able to claim tokens starting the next day, and ENA will be…

There was a brief period where the movie theater and gold mining conglomerate AMC participated in the then-trendy NFT market, releasing several different collections tied in with various movies or the concept of stock ownership. Twelve collections were initially released over 306 days, however, it’s been 527 days since the last one listed on the AMC website’s NFT page was released. Back in this heady era, AMC proudly mentioned NFTs in its financial filings, and even claimed that it would “continue to implement innovative NFT offers to further engage and build loyalty with our guests.” The first NFT launch —…

Crossmint, a Web3 development platform, recently partnered with Astar, a well-known blockchain network, and Hakuhodo KEY3, a forward-thinking initiative, in response to Japan’s corporations’ determination to embrace Web3 solutions. This collaboration aims to leverage the robust developer tools provided by Crossmint and the Astar blockchain to streamline the implementation of Web3 technologies for major Japanese corporations. By doing so, these organizations may potentially achieve significant cost savings in development, amounting to millions of dollars. Notable global brands like Microsoft, Etihad Airways, Johnnie Walker, and AC Milan are among Crossmint’s growing list of customers thanks to the reliability of its Web3…

Ondo (ONDO) announced that it will distribute a significant portion of its OUSG (Ondo Short-Term US Government Bonds) assets to the BlackRock USD Institutional Digital Liquidity Fund (BUIDL). Following the development, there was a sudden increase in the price of the altcoin: #ONDO, OUSG (Ondo Kısa Vadeli ABD Devlet Tahvilleri) varlıklarının önemli bir kısmını BlackRock USD Kurumsal Dijital Likidite Fonu’na (BUIDL) dağıtacağını açıkladı. — Bitcoin Sistemi (@bitcoinsistemi) March 27, 2024 *This is not investment advice. Read the full article here