Author: Yeek.io

Beam Ventures is set to launch a $150 million fund to boost Abu Dhabi and position itself as a major player in the global gaming industry.This initiative aims to establish the emirate as a hub for gaming innovation and will support startups working on blockchain, artificial intelligence (AI), and virtual and augmented reality (VR/AR). Additionally, a web3 gaming accelerator, set to launch in early 2025, will provide resources and mentorship to early-stage companies.This initiative builds on Abu Dhabi’s existing efforts to become a gaming and technology hub. The emirate has already hosted prominent gaming events, such as esports tournaments and…

Homepage > News > Business > Philippine Web3 startups: Ushering in a new wave of innovation As the world watches Australia explore blockchain technology for its national digital ID system, a revolution in Web3 development is brewing much closer to home. With its abundant tech talent and rapidly evolving startup ecosystem, the Philippines is positioning itself as the next big player in blockchain-driven solutions. The ICP Hub Philippines is leading this charge, which recently launched the sixth edition of the iThink Hackathon during Philippine Startup Week 2024. This flagship event aims to empower Filipino innovators to develop impactful projects that address pressing societal and global challenges.…

Lido Finance, the largest liquid staking protocol in decentralized finance (DeFi), is winding down its operations on the Polygon network due to limited user adoption and a strategic refocus on Ethereum. The decision follows a request from Lido DAO Token (LDO) holders, extensive discussions within the DAO forum, and a community vote where 99% of participants favored the proposal.The move comes after a November vote that considered two options: transitioning away from Polygon or reevaluating the economics of the middleware. The justification for the wind-down stems from challenges Lido faced on Polygon, including resource-intensive maintenance, insufficient rewards, and a shift…

Mark Longo’s legal team sent cease and desist letters to Binance after it added the PNUT meme coin to its listings. Longo’s lawyers alleged that Binance is infringing on intellectual property rights via the token. The original owner of Peanut the Squirrel (PNUT), Mark Longo, announced in a recent post that he plans to issue more cease and desist letters on the grounds of “unauthorized use of my intellectual property” after the one his lawyers sent to Binance. Around the time when Longo announced he was taking legal action against Binance, Longo’s own token JUSTICE (For Pnut and Fred) surged…

Layer3 is excited to announce our newest partnership with Juno! Juno is a crypto-friendly checking account that lets you buy/sell crypto at 0 fees directly from your bank account. With Juno, you can get your pay-checks in crypto, earn crypto back every time you spend using the Juno USDC enabled debit card, and bridge your crypto instantly to Layer 2s like Arbitrum and Optimism. With only one powerful checking account, Juno allows you to earn, invest, and spend both your cash and crypto. In addition to easy earning and spending in crypto, Juno also offers several features of a traditional…

Cortex’s volume surged as its price dropped by over 54% on the charts If the trend reversal solidifies itself, CTXC could see a breakout Cortex (CTXC) crypto’s trading volume rose sharply while its price itself declined significantly on the charts. In fact, CTXC’s volume spike was a 4x, in comparison to previous weeks. This was alongside a sharp price drop from a high of approximately $1.05 to a low near $0.37, constituting a fall of around 45%. CTXC’s ‘orderblock’ at $0.25 historically acted as both support and resistance and at the time of writing, the price seemed to be approaching…

Michael Saylor’s Microstrategy has just announced a new Bitcoin purchase that has taken the firm’s total holdings to 439,000 BTC. Microstrategy Has Bought Another 15,350 BTC A large buyer that has had a constant presence during this latest Bitcoin bull run has been Microstrategy. The cryptocurrency’s price has been racing up while the company has been accumulating and it seems even at the current highs the firm doesn’t feel done, as it has announced a new purchase. During this latest buying spree, the company acquired a total of 15,350 BTC for approximately $1.5 billion at an average price of $100,386…

Este artículo también está disponible en español. Crypto exchange Binance was hit with a cease and desist letter by Mark Longo, owner of the internet sensation Peanut the Squirrel, for alleged copyright infringement. PNUT, the popular memecoin inspired by the squirrel, saw a nearly 10% decrease following the news. Related Reading Internet Squirrel Becomes Memecoin Sensation On Sunday, Mark Longo, owner of Peanut the Squirrel, announced that his legal team had initiated legal action against crypto exchange Binance. In an X post, Longo, also known as “Peanuts Dad,” accused the exchange of using his intellectual property without authorization. Longo sends…

Este artículo también está disponible en español. Ethereum is on the verge of reclaiming the $4,000 level as it inches closer to its all-time highs. The second-largest cryptocurrency by market cap has faced skepticism throughout this cycle, with some analysts predicting it would underperform compared to its previous bull runs. However, Ethereum has surprised doubters, steadily climbing in recent weeks despite market uncertainty. Related Reading Key on-chain metrics from Glassnode reveal an important trend that could fuel further price gains: Ethereum whales have been accumulating aggressively since late November. This signals growing confidence among major holders, who are positioning themselves…

Quick take: CyberKongz claims that “SEC’s lack of understanding of blockchain technologies” has resulted in “unjust accusations and information inaccuracies.” The SEC accused the project of offering an ERC-20 token in a blockchain game without registering it as a security. The company claims this approach from the SEC will have major implications for the entire blockchain gaming industry. CyberKongz the blockchain gaming project featuring non-fungible tokens of the same name has received a Wells Notice from the U.S. Securities and Exchange Commission. The notice comes just over a month before the current SEC chair Gary Gensler steps down to pave…