Local stakeholders call the move a “marketing gimmick†while others say it's the most efficient way to distribute economic stimulus.
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Crypto Exchange Bitget Starts $100M Asia-Focused Web3 Fund
The firm started its fund as more crypto projects seek non-U.S. jurisdictions.
Ether Jumps Above $2K a Day After Ethereum Shanghai Upgrade
The token was up more than 5%. Institutional investors remain in wait-and-see mode, says one analyst.
Magic Eden Rolls Out Bitcoin Ordinals NFT Creator Launchpad
After releasing a Bitcoin NFT marketplace in March, the company is expanding its resources for creators to securely mint their inscriptions before selling to collectors.
Safemoon Hacker Strikes Deal With Developers to Return $7.1M
The exploiter will retain 20% of the stolen funds as a bug bounty.
First Mover Asia: Bitcoin Rally Stalls Above $30K; Ether Hits $2.1K
ALSO: Former CoinDesk head of research Noelle Acheson writes that longer-term narratives such as bitcoin's recent store-of-value story matter but that price depends more on fleeting, often fickle sentiment.
Drugs, Erratic Dismissals and Feuding Founders: Behind Bitcoin Marketplace Paxful’s Unraveling
Founded in 2015, Paxful became one of the most popular places to buy bitcoin in Africa and other emerging markets, and it had more than 200 employees. Behind the scenes, though, staff took paid trips to music festivals, bosses fought, dismissals reportedly occurred on a whim, and the smell of cannabis permeated the office.
The Future of Web3 Animation
In a CoinDesk interview, Colin Brady, chief creative officer at AMGI Studios, talks about how Web3 and AI will change movie-making, and why big studios fail to adopt new technologies.
Avalanche’s Cortina Upgrade Goes Live on Protocol’s Testnet; AVAX Token Rallies
The change improves support for exchanges and may bring faster development, Avalanche says.
DWF Labs Invests $16M in RACA to Spur Web3 Gaming Ecosystem
RACA has evolved from managing the NFT collection of Elon Musk’s mom to a Steam-like blockchain gaming ecosystem.