Category: Companies

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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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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Savings and investment app Plum secures $14 million of funding

Savings and investment app Plum secures $14 million of funding

Plum, the London-based investment app, has secured $14 million of what it hopes will be a $24 million Series A raise, according to a press release. New investors in the business include dmg ventures and Ventura Capital, alongside existing backers Global Brain, VentureFriends and 500 Startups. Angel investors Francesco Simoneschi, co-founder and CEO of TrueLayer, […]

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Nigerian NFT artist becomes the first to use social tokens during a Christie’s event

Nigerian NFT artist becomes the first to use social tokens during a Christie’s event

On Thursday, the Nigerian NFT artist Osinachi incorporated social tokens during an event at Christie’s — marking the first time social tokens have been used at the art auction house.  At the event at Christie’s in London, Osinachi displayed five NFTs in the collection “Different Shades of Water,” also marking the first time an African […]

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Demand for Crypto Experts in India Hikes Remuneration, Vacancies Spike

Demand for Crypto Experts in India Hikes Remuneration, Vacancies Spike

A deficit in crypto talent is pushing salaries up in Indian companies engaged with the domestic and global blockchain industry, local media reported quoting data from recent studies. Demand for professionals in the field has been growing rapidly in the past year. Crypto Experience Can Bring up to $100,000 in Annual Salary Indian IT companies […]

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More than 900,000 people signed up for Coinbase’s NFT platform waitlist — and it’s only day one

More than 900,000 people signed up for Coinbase’s NFT platform waitlist — and it’s only day one

So many people tried to sign onto the waiting list for Coinbase’s new NFT platform that the traffic broke the site.  “We are getting a LOT of signups — so grateful for all your interest,” wrote Coinbase’s Vice President of Product Sanchen Saxena on Twitter. “We are seeing insane loads on our servers and our […]

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Makor Group raises funds at $200 million valuation to expand crypto brokerage

Makor Group raises funds at $200 million valuation to expand crypto brokerage

Makor Group, a brokerage and investment banking firm with a growing crypto business, has closed a Series A fundraise. The round values Makor at $200 million, according to a press release. The press release did not specify how much money had been raised, but a person close to the firm said it had secured $17 […]

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Stripe is creating a crypto-focused engineering team to ‘build the future of Web3 payments’

Stripe is creating a crypto-focused engineering team to ‘build the future of Web3 payments’

The payment processing firm Stripe is looking for four engineers to form a new crypto-focused team.  Stripe’s head of crypto engineering, Guillaume Poncin, announced the hiring search on Twitter Tuesday. ​​”We’re starting a new crypto team at @Stripe. I’m hiring engineers and designers to build the future of Web3 payments,” wrote Poncin.  The hiring move […]

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Bored Ape Yacht Club creators just signed with the same talent manager that represents Britney Spears and The Weeknd

Bored Ape Yacht Club creators just signed with the same talent manager that represents Britney Spears and The Weeknd

The Bored Apes have moved from their yachts to the Hollywood spotlight.  Yuga Labs, the creator of Bored Ape Yacht Club (BAYC) — one of the most popular non-fungible token (NFT) projects — has signed on with Gary Oseary, founder of the media manager Maverick. The firm represents popular artists such as Britney Spears, Doja […]

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Former Chancellor Philip Hammond: UK’s treatment of digital assets is a ‘huge risk’ for finance sector

Former Chancellor Philip Hammond: UK’s treatment of digital assets is a ‘huge risk’ for finance sector

Lord Philip Hammond, the United Kingdom’s former Chancellor of the Exchequer, has warned that the nation’s finance sector is at risk of falling behind global rivals unless regulators do more to help firms embrace digital assets.   In a written interview with The Block, Hammond said that the dialogue among U.K. policymakers needs to shift […]

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