Category: Blockchain

Sports-betting firm DraftKings to become a full validator for the Polygon network

Sports-betting firm DraftKings to become a full validator for the Polygon network

DraftKings, a sports-betting company with a $20 billion market capitalization, announced Monday that it will become a full validator for the Polygon Network, an Ethereum-based scaling platform.  DraftKings Marketplace, an ecosystem that focuses specifically on NFTs, will launch a node on the Polygon Network to authenticate transitions using a proof-of-stake consensus protocol — reducing the […]

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Crypto-friendly remote hiring company Deel valued at $5.5 billion after Series D

Crypto-friendly remote hiring company Deel valued at $5.5 billion after Series D

San Francisco-based remote hiring company Deel is now valued at $5.5 billion, following a fresh Series D funding round of $425 million.  Coatue, which has invested in technology companies including DoorDash, Instacart and Spotify, led the round. Firms including Altimeter Capital, Andreessen Horowitz, the YC Continuity Fund, Spark Capital, Greenbay Ventures, and Neo also participated […]

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Former ConsenSys exec raises $6.15 million to build crypto staking protocol Obol

Former ConsenSys exec raises $6.15 million to build crypto staking protocol Obol

Collin Myers, former head of global product strategy at ConsenSys, has been working on a new project since April of this year. He is building a “trust-minimized” crypto staking protocol at his startup Obol Technologies. Sharing the news exclusively with The Block, Myers, founder and CEO of Obol, said the project has raised $6.15 million […]

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Circle launches USDC stablecoin on Hedera network

Circle launches USDC stablecoin on Hedera network

Circle, the issuer of the USDC stablecoin, has expanded the coin’s support to the Hedera Hashgraph blockchain network. This makes USDC the first stablecoin available on Hedera. Launched in 2018, Hedera is a proof-of-stake blockchain network owned and governed by different organizations, including Google and IBM. These organizations run “permissioned” nodes on the network. Over […]

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Cardano Subsidiary Emurgo in Partnership With Pan-African Venture Studio

Cardano Subsidiary Emurgo in Partnership With Pan-African Venture Studio

Emurgo, the investment arm of Cardano, has partnered one of its subsidiaries with Adanian Labs, a pan-African venture studio that is focused on building a platform where African tech start-ups can thrive and access all key resources that allow them to grow sustainably. Financial and Educational Empowerment via the Blockchain According to a statement issued […]

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Mexican Company Launches Blockchain-Powered COVID-19 Test Certificates

Mexican Company Launches Blockchain-Powered COVID-19 Test Certificates

The COVID-19 crisis panic seems to be dissipating after almost two years; however, governments around the world are still searching for tools to control its expansion and allow their citizens to return to normal life. A Mexican company is using blockchain technology to improve the reliability of COVID-19 diagnostic tests, using cryptography and the real-time […]

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NBA’s Sacramento Kings Partners with Ankr to Support The Growth of Blockchain Industry

NBA’s Sacramento Kings Partners with Ankr to Support The Growth of Blockchain Industry

The professional NBA team – the Sacramento Kings – and the blockchain company that offers cloud computing services – Ankr – shook hands on a multi-year collaboration. Throughout the engagement, the two entities will produce educational content about the cryptocurrency space and blockchain technology. The Kings’ New Crypto Endeavor The National Basketball Association announced the […]

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Video game platform Steam bans NFTs, crypto and blockchain-based games

Video game platform Steam bans NFTs, crypto and blockchain-based games

The video game distribution platform Steam has updated its guidelines to ban the use of non-fungible tokens (NFTs), cryptocurrencies or other blockchain-based technologies from its platform.  The new rule was tacked onto a list of “What you shouldn’t publish on Steam,” which also bans hate speech, libelous or defamatory statements and non-interactive 360 virtual reality […]

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