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Powering the Next Generation of Gaming: XBorg Sells Out $2 Million Seed Round Community Allocation

Dubai, United Arab Emirates, July 13th, 2023, Chainwire XBorg, the Web3 company developing a collaborative credential infrastructure that allows players to create their digital identity and enjoy tailored user experiences within enhanced gaming applications, sold out their $2 million seed round community allocation in record time. The funds will facilitate the scaling and adoption efforts of XBorg’s infrastructure and applications …

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Kava 14 Accelerates Cosmos Ecosystem Expansion

Georgetown, Cayman Islands, July 12th, 2023, Chainwire Kava, a Layer-1 blockchain that combines the developer power of Ethereum with the speed and interoperability of Cosmos has launched the Kava 14 upgrade. This upgrade deploys ‘internal bridge’ technology to seamlessly convert native Cosmos assets to and from Ethereum’s ERC20 token standard. Kava 14 is one of a cluster of milestones in …

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Struct Finance Transforms DeFi Landscape on Avalanche With the Launch of Tranche-based BTC.B-USDC Vaults

Tortola, British Virgin Islands, July 12th, 2023, Chainwire In its ongoing journey to reshape the crypto investing landscape, Struct Finance, a DeFi platform that enables investors to engage with tailored interest rate products linked to digital assets, is thrilled to announce the launch of the BTC.B-USDC Vaults. The tranche-based BTC.B-USDC Interest Rate Product was made possible by effectively leveraging Avalanche’s …

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"Twitter On Ethereum" Hinted By Aave Founder

“Twitter On Ethereum” Hinted By Aave Founder

Kulechov made the idea in light of Twitter organizer Jack Dorsey’s arrangements to assemble another stage for DeFi on Bitcoin.Aave Founder indicates at Social Media PlansStani Kulechov has his eyes set on decentralized web-based media. The Aave author shared his vision of a “Twitter on Ethereum” Saturday, referring to Jack Dorsey’s new declaration that he would assemble a Bitcoin-centered stage …

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Cointelegraph Magazine

DeFi can be halal but not DOGE? Decentralizing Islamic finance – Cointelegraph Magazine

While Islamic scholars have long wrestled with the question of whether cryptocurrency is halal, what if it’s really fiat that isn’t permissible?Islam has strict rules around finance, and it historically defines currency as commodities with intrinsic value — gold, silver, or salt, among others. Waseem Mamlouk, from the DeFi platform Nimbus, argues that government-issued fiat currencies do not have any …

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Bitcoin

Bitcoin Turns Vulnerable, Why BTC Could Soon Test $30K

Bitcoin price extended its decline below $31,500 before recovering higher against the US Dollar. BTC is likely to face resistance near $32,200 and it might continue to move down. Bitcoin remains in a bearish zone and it recently traded towards the $31,000 level. The price is now trading well below $33,000 and the 100 hourly simple moving average. There is …

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More Than $40 Million of Digital Yuan Has Been Scattered By China in Red Envelopes, As Per Reports

China, which has seemingly the most developed computerized money project among driving countries, has so far distributed more than $40 million in red envelopes with advanced Yuan. The special mission for the CBDC is at present centered around five significant urban areas, considering their provincial advancement needs.Beijing parts with 269 Million Yuan in Digital CurrencyChinese Authorities are quickly pushing ahead …

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Binance news, Circle plans to go public, and bullish crypto comments: Hodler’s Digest, July 4–10

Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.Top Stories This Week US financial regulator FinCEN hires its first-ever chief digital currency adviserThe United States Financial Crimes Enforcement Network, …

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