- South Korean Web3 game company Wemade revealed a notable rise in operational and net losses during the fourth quarter of last year. Net loss increased to 189.5B won ($142.6M) in the fourth quarter of 2023.
- DeFi, or decentralised finance, is gaining traction; on blockchains dedicated to DeFi, the total value of tokens (TVL) deposited has surpassed $60 billion.
- Leading Proof of Stake (POS) blockchain platform Hedera and the Saudi Ministry of Investment (MISA) have partnered for five years to support the development of web3 technologies in the Saudi Arabian market.
- Yi He, a co-founder of Binance has launched a new initiative and is offering incentives ranging from $10,000 to $5 million to anyone who can verify that Binance team members are corrupt.
- In her speech to Congress, Treasury Secretary Janet Yellen emphasised stablecoins and called for comprehensive legislation to regulate non-securities crypto assets.
- Robinhood Connect and Consensys revealed that the two have integrated with MetaMask. In an effort to make web3 technologies more accessible, this integration enables users to buy cryptocurrencies using Robinhood’s order engine via MetaMask’s Buy Crypto functionality.
- After a five-hour disruption, the Solana Layer 1 network was briefly unavailable before becoming back online. A synchronised restart by validator operators and an update to version 1.17.20 enabled the network to resume operations at 9:47 a.m. ET.
- Hedera and the Saudi Ministry of Investment (MISA) have partnered for five years to support the development of web3 technologies in the Saudi Arabian market.
- The stablecoin protocol HAI from Reflexer Finance will airdrop on February 12. More than 18,000 eligible participants will be awarded 22.3% of the KITE governance token by HAI.
- Multicoin Capital led a seed investment round for Glif, which raised $4.5 million. Prior to the introduction of its token, the biggest Filecoin protocol is also planning to award reward points.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
