Month: November 2021

Brazilian Crypto Unicorn 2TM Raises $50M in Series B Round Extension

2TM, the holding company for Mercado Bitcoin, Brazil’s largest crypto exchange by market valuation, raised an additional $50.3 million in a second closing of its Series B funding round. In June, Mercado Bitcoin raised $200 million in a first closing led by the SoftBank Latin America Fund at a $2.1 billion valuation. New investors included …

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Learn Important Basics About Ethereum Virtual Machine(EVM)

Ethereum virtual machines (EVMs) are blockchain-powered software platforms. EVMs allow software architects to build and deploy decentralized applications (dApps). Blockchain developers really value them, because they do not have extended downtimes and are able to keep created application objects safe from being modified or altered. If you are looking to start using EVMs, then you …

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South Korea’s KB Bank unveils a metaverse bank testbed

KB Kookmin Bank, one of South Korea’s largest financial institutions, announced yesterday that it has developed the KB Metaverse VR Branch Testbed for experimenting with allowing customers wearing a head-mounted VR device to access banking services in a metaverse. Fast facts Simple transactions, such as remittances, can be managed at a teller window, while an …

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Huobi to Set Up Headquarters in Singapore (Report)

Despite its regulatory issues in Singapore, Huobi Global has chosen the country as its regional headquarters. The exchange will have another one set up in Europe. Bloomberg reported Huobi’s intentions earlier on November 30th, citing the exchange’s co-founder Du Jun. Singapore will become the company’s new headquarters since it’s unable to continue operating from China …

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Coin Bureau Predicts Major Breakout for Axie Infinity, Analyzes Crypto’s Top Gaming Altcoin

The host of popular crypto channel Coin Bureau is looking to see if the hit online video game Axie Infinity (AXS) can score more gains after rallying to dazzling heights this year. In a new video, the analyst known as Guy tells his 1.69 million YouTube subscribers that the play-to-earn (P2E) game which also hosts …

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Russian Governor Who Slated Miners in October Now Plans to Welcome Them

The Governor of a Russian province who just weeks ago was blasting crypto miners has now offered to help them set up shop in the region and provide support for people mining tokens. As reported in October, the Irkutsk Region Governor Igor Kobzev called on the Russian Deputy Prime Minister and key power sector policymaker Alexander …

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After Facebook Changed To Meta, More Than 100 Tokens Named Meta Were Created With False Descriptions, Teams And Partners

Another scam that is trending now is the use of the name “Meta” after Facebook gave herself the new name of Meta. After research, we found more than a hundred projects are using the name Meta. Metaverse is a actually virtual world, the concept of the metaverse is used in crypto by renowned names like …

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Hedera and Korea’s Shinhan Bank partner on KRW stablecoin pilot

South Korea’s Shinhan Bank and Hedera Hashgraph (HBAR) have completed a proof of concept that is designed to conduct international remittances using stablecoins on the Hedera Network. The new proof of concept by South Korea’s Shinhan Bank for remittances can send money internationally within seconds for a fraction of a cent on the Hedera Network. …

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