$10 Million Raised for Onomy Protocol on Brink of Launch

The world of traditional and decentralised finance continues to converge, with large financial institutions continually exploring further DeFi integration, and VCs doubling down on web3 investments in the space. Despite the current squalls in the general market, large investors and companies remain undeterred when it comes backing upcoming protocols that will serve to change the way finance is done forever. This is clearly the case for the upcoming launch of Onomy Protocol, who just announced a $10 million raise ahead of the protocol going live. The round saw participation from…

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Bitcoin and Ether Are Not Securities in Belgium, Financial Regulator Clarifies

Cryptocurrencies like bitcoin and ether cannot be classified as securities or investment instruments, according to a communication issued by the financial watchdog in Belgium. The authority has tried to clarify the matter, noting that the digital coins may be subject to other regulations. FSMA: Securities Laws Do Not Apply to Bitcoin and Other Decentralized Cryptocurrencies In response to multiple requests for clarification from citizens and businesses, Belgium’s Financial Services and Markets Authority (FSMA) has explained why it believes bitcoin, ether and other similar cryptocurrencies cannot be considered securities or investment…

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Consensys’ Metamask: Updates Raise Privacy Concerns

Consensys, the software company behind MetaMask, released a new update to its privacy policy on November 23. The company says it will collect consumers’ IP addresses and Ethereum wallet addresses when they send a transaction. The new policy is applicable to those using Infura as the default Remote Procedure Call (RPC) provider in MetaMask. To wit, “Information collected by Infura when you use Infura as your default RPC provider in MetaMask…When you use Infura as your default RPC provider in MetaMask, Infura will collect your IP address and your Ethereum…

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Crypto Winter No Longer Has Big Impact on Long-Term Industry Growth, EY Executive Says

EY’s global blockchain leader says that for the first time ever, crypto’s price swings do not have that big of an impact on the long-term growth of the industry. Nonetheless, he stressed: “It is also important that regulators crack down on obvious Ponzi schemes faster and with more severity.” EY’s Brody on Crypto Winter Paul Brody, global blockchain leader at EY, discussed the crypto winter, the need for regulation, and the collapse of crypto exchange FTX in an interview published by the Mint publication Thursday. He was asked whether he…

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Binance Crypto Fund: To The Rescue But There Are Exceptions

Every day, money is in and out of the crypto market. When things went smoothly, everything seemed shiny. But things didn’t always go smoothly. FTX’s bankruptcy triggered the selling panic, turning the liquidity shortage of many platforms into a crisis. Amid the turmoil, Binance CEO Changpeng Zhao stepped in on Nov. 14, announcing the launch of an industry recovery fund to assist strong initiatives that have become stranded in a difficult situation. This is Open Liquidity War Yet it’s not 1907 and Binance is not JP Morgan, the dominant figure…

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Ethereum coders reached consensus on Shanghai update

Summary: Ethereum developers had their weekly call to discuss what features should roll out in the next hard fork. Marius Van Der Wijden said coders were already working toward staked Ether withdrawals prior to the call. Developers will proceed with around eight Ethereum Improvement Proposals for Shanghai, the next technological upgrade. The timeline for the upgrade was unclear at press time.  Developers at the Ethereum foundation talked on Thursday and decided on eight proposals to explore for Shanghai, the next upgrade after moving to proof-of-stake. The Shanghai hard fork included…

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Sony Acquires 3D Animation Company Beyond Sports to Offer a Complete Sports Metaverse Experience

Entertainment and electronics giant Sony has recently completed the acquisition of Beyond Sports, a company specializing in using real-world data to produce 3D animation. With this purchase, the company is now reportedly able to offer a full metaverse experience for sports matches, complete with tech from other companies already in its portfolio. Sony’s Beyond Sports Purchase Gets It Closer to the Sports Metaverse Sony is now making a foray into the sports metaverse world. The company recently closed the acquisition of Beyond Sports, a 3D imaging and animation company that…

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