September 24, 2023

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All Articles

KuCoin Labs Launches $100 Million Venture Capital Fund To Empower Early-Stage Metaverse Projects

By Zhiyuan Sun,

 

The world’s sixth-largest cryptocurrency exchange by volume is making its move into the metaverse.

 

 

KuCoin Labs, the company behind the world’s sixth-largest cryptocurrency exchange by trading volume with more than 500 crypto assets listed, announced on Wednesday that it would be launching a $100 million metaverse fund for early-stage projects. The money is also available for entities that develop blockchain-based games, nonfungible tokens, and decentralized applications. In addition, Kucoin will also provide business incubation services, branding, incentives, and business partnerships for developers selected into the fund.

Johnny Lyu, CEO of Kucoin, said the...

China warns state-owned enterprises to cease involvement in Bitcoin mining

By Arnold Kirmi,

China is considering imposing harsh penalties on state-owned firms that continue mining cryptocurrencies.

China is pressuring its own state-owned businesses...

Israel reportedly adopts new AML rules for crypto

By Helen Partz,

The Israeli government is now reportedly in the process of reviewing several crypto firms to issue operating licenses.

Israel has reportedly enacted new...

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