Category: Tech News

Luna Foundation Guard Raises $1 Billion to Safeguard UST Dollar Peg

2022-02-23 By admin

The Luna Foundation Guard (LFG) has raised $1 billion in a private token sale to allow the group to safeguard the peg of UST, Terra’s flagship stablecoin, against market instabilities. While the token has an algorithmic method to maintain its dollar value, this decentralized reserve — which will be stored in BTC — aims to […]

Congo Based Startup Jambo Raises $7.5 Million in Seed Funding Round

2022-02-23 By admin

A Congo-based Web3 app developer, Jambo, recently said it raised $7.5 million in a seed funding round. According to a report, the startup’s successful seed round is the latest by an Africa-based firm that is working towards developing Web3. Startup’s Partnership With Social Media Companies Jambo, the Congo-based developer of a Web3 app, has raised […]

FTX Launches Gaming Unit to Offer Crypto Services to Other Companies

2022-02-23 By admin

FTX, a leading cryptocurrency exchange, has announced it will enter the gaming field. The company revealed it is launching its own gaming unit to focus on lending crypto services to gaming companies, acting as a middleman. This means that the exchange will support other companies launching tokens and offering NFTs via its platform. FTX Gets […]

Kazakhstan Cracks Down on Illegal Mining, Busts 13 Crypto Farms

2022-02-23 By admin

Authorities in Kazakhstan have gone after illegal crypto mining operations amid ongoing issues with electricity supply. Working together with law enforcement, the country’s energy ministry announced the closure of over a dozen facilities minting digital currencies. Government Shuts Down Unauthorized Crypto Mining Operations Across Kazakhstan Local departments of the Committee for Atomic and Energy Supervision […]

Novatar: The Ultimate NFT Project That Is Dominating the NFT Market Now

2022-02-23 By admin

NFTs have emerged as the biggest trend on the blockchain industry due to their massive popularity with mainstream users. This novelty form of digital assets have enabled artists and creators to mint and monetize their creations without going through complex processes associated with traditional platforms. Therefore, it is unsurprising that the NFT trade volume increased […]