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The Bank of Uganda Blacklists Financial Firms for Facilitating Crypto Trading

The Bank of Uganda (BOU), the Central Bank of Uganda, has warned all licensed firms to desist from facilitating cryptocurrency transactions under the National Payments Systems Act, 2020. Last Friday, the major financial regulator warned the public against the use of crypto to transact businesses, stating that it has not licensed any company to offer the … Continue reading The Bank of Uganda Blacklists Financial Firms for Facilitating Crypto Trading

NBA Top Shot Creator Dapper Labs's Flow Launches $725m Blockchain Ecosystem Fund

NBA Top Shot producer Dapper Labs has announced a $725 million eco-fund for Layer 1 blockchain platform Flow to develop its growing ecosystem. In this round of funding, investors include Andreessen Horowitz (a16z), Coatue, Union Square Ventures, Greenfield One, Digital Currency Group (DCG), Fabric Ventures, Liberty City Ventures, and CoinFund. The fund aims to support … Continue reading NBA Top Shot Creator Dapper Labs's Flow Launches $725m Blockchain Ecosystem Fund

HK-based Gusto Collective Raises $11m in Funding Round Led by Animoca Brands, Gaw Capital

Hong Kong-based Gusto Collective has raised $11 million in its Seed Plus funding round led by Animoca Brands and Gaw Capital. The company plans to utilise the funds to support its geographic expansion into other parts of Asia, grow Web3 services, products and recurring-revenue product development. Other participants for the funding round include BlackPine, YCI Limited … Continue reading HK-based Gusto Collective Raises $11m in Funding Round Led by Animoca Brands, Gaw Capital

Trezor Hires Jan Andrascik as Chief Information Security Officer

Parent company SatoshiLabs announced on Wednesday that it has hired Jan Andraščík as Trezor’s Chief Information Security Officer (CISO). In the new role, Andraščík is tasked with protecting SatoshiLabs’ data, systems, and physical security. Before joining the cryptocurrency hardware wallets firm, Andraščík executed information security architecture roles for various leading firms including consultancies Accenture, and … Continue reading Trezor Hires Jan Andrascik as Chief Information Security Officer

Companies among S. American Nations are Optimistic Accepting Crypto, Study Shows

Companies permitting Bitcoin and other crypto payments have a more positive outlook in Brazil, Columbia, and Argentina, according to a study by financial payments processing firm CoinsPaid. This is based on the fact that cryptocurrencies have a noticeable impact on people’s lives in these nations. Per the survey: “Over 50% of Brazilians, 38% of Argentinians, … Continue reading Companies among S. American Nations are Optimistic Accepting Crypto, Study Shows

LOST Island to Provide Groundbreaking Escape Game Experience

LOST’s entry into the metaverse with LOST Island will provide users with game-changing escape game experiences as the company has initiated various upcoming initiatives, the company told Blockchain.News. Rick Woo, Co-Founder, LOST LOST became the first escape room game to enter the metaverse in April 2022, and the company is creating an infinite escape game … Continue reading LOST Island to Provide Groundbreaking Escape Game Experience

Local Hong Kong Firms Raise Funds for NGOs Through NFTs

Three local Hong Kong companies are raising funds for non-governmental organisations (NGOs) through non-fungible tokens (NFTs) to support green initiatives and sustainability. In its published introduction video clip, the joint effort from travel lifestyle brand Cathay; children’s support concept The Hub Hong Kong; and Articoin – an innovative Green NFT platform – started with a … Continue reading Local Hong Kong Firms Raise Funds for NGOs Through NFTs

DeFi Platform HashBrownSwap Appoints Ian Scarffe as Advisor

Ian Scarffe’s extensive investment experience globally has won him a spot at HashBrownSwap (HBS) as a blockchain and cryptocurrency advisor. Ian Scarffe is the founder of Binkplus, a startup incubator in Europe. He was an independent expert for the European Commission’s Horizon 2020 – the EU’s largest-ever research and innovation program, with nearly $80 billion budget. HBS … Continue reading DeFi Platform HashBrownSwap Appoints Ian Scarffe as Advisor

Blockchain Security Startup BlockSec Pulls $8m in Seed+ Funding Round

Blockchain security startup, BlockSec has announced it has completed a new seed plus funding round where it pulled the sum of $8 million from top investors. As announced by the startup, the funding round was co-led by Vitalbridge Capital and Matrix Partners, with participation from investors Mirana Ventures (Venture Partner of Bybit), CoinSummer, and YM … Continue reading Blockchain Security Startup BlockSec Pulls $8m in Seed+ Funding Round

Federal Reserve Hikes Interest Rates with a 75-Bp Increase, Bitcoin Remains Bearish

The US Federal Reserve on Wednesday announced a 0.75 percentage point interest rate increase as part of efforts to clamp down rising inflation without creating a recession. The latest interest rate rise by the Fed follows a similar hike in June – aggressive hikes that have so far put pressure on markets, including cryptocurrencies like Bitcoin (BTC). … Continue reading Federal Reserve Hikes Interest Rates with a 75-Bp Increase, Bitcoin Remains Bearish