News - Optimisus

Webacy has announced the successful closure of a $4 million

1 year ago 4 mins read

Crypto Wallet Security Layer Webacy Raises $4M

San Francisco, United States, 9th February, 2023 Webacy has announced the successful closure of a $4M seed round to support its goal of making web3 safer. gmjp led the round which also included Gary Vaynerchuk and AJ Vaynerchuk, Mozilla Ventures, Soma Capital, DG Daiwa Ventures, Quantstamp, CEAS Investments, Dreamers, and Miraise. The event is Webacy’s second round of financing, following a pre-seed raise in late 2021. Notable previous investors include Pareto Holdings, Quiet Capital, LOI Venture, MetaverseHQ, and Origin Protocol. The two rounds bring Webacy’s total financing to over $5M. Louis Kang, Partner at gmjp, said: “We’re excited to back

1 year ago 2 mins read

LBank Secures Virtual Asset Provider Registration to Operate in Italy

INTERNET CITY, DUBAI, 10th February, 2023 Global crypto exchange LBank has registered as a Virtual Asset Provider with Italian regulator Organismo degli Agenti e dei Mediatori (OAM). The regulatory approval allows the exchange to offer a range of services and products to Italian users. On the 1st of February 2023, LBank completed its registration with the OAM as a Virtual Asset Provider, as required by Italian legislation on crypto assets. The global crypto exchange with over 9 million users will now be able to offer services and products to Italian traders. The regulatory nod also allows LBank to open offices in Italy

1 year ago 1 min read

Privacy Coins Face Another Setback: A Continuing Trend?

The ban on privacy coins in Dubai is a major step in the push towards greater regulation in the cryptocurrency industry. Governments around the world are grappling with how to regulate digital assets, with some taking a hard-line stance, like China and India, while others like Switzerland and Malta have embraced the sector. This move by Dubai is significant, given the UAE’s position as a hub for finance and technology. The licensing requirements for crypto firms operating in the region could be seen as a nod to the potential benefits of digital assets, but the ban on privacy coins highlights

Optimism Network conducted a surprise token airdrop

1 year ago 1 min read

OP Token Plummets After Unexpected Optimism Giveaway

Optimism Network, a layer 2 blockchain platform, conducted a surprise token airdrop on Thursday, distributing 11.7 million governance tokens to more than 300,000 wallets. This move is part of the blockchain’s effort to broaden its adoption by distributing 19% of its initial governance token supply. Users who spent gas executing transactions on the Optimism Network or delegated their voting powers to others were eligible for the airdrop. The platform recognizes the sharing of voting powers as a way to strengthen its governance system. Despite the token’s price dropping 13% following the announcement, Optimism has seen a 200% rally over the

Paris Hilton is taking her ventures to the virtual world

1 year ago 1 min read

Paris Hilton Brings Romance to the Metaverse with ‘Parisland’ in The Sandbox

Paris Hilton is taking her ventures to the virtual world with the launch of “Parisland,” a gamified dating experience in the metaverse of The Sandbox. This imaginative reality show will allow players to enter the metaverse beginning February 13 and interact with five other players, complete exciting quests, and ultimately choose a partner. In a statement, Sandbox Co-Founder and COO Sebastien Borget expressed that the design of Parisland was aimed at fostering genuine relationships and connections between players. The dating experience was developed in collaboration with 11:11 Media and its Web3 and metaverse strategy lead, Cynthia Miller, hopes that users

1 year ago 1 min read

OnChain Monkey NFTs See Surging Demand on Bitcoin Blockchain

The buzz surrounding Bitcoin-based NFTs continues to grow, with the recently-launched Ordinals protocol leading the charge. One established Ethereum NFT collection, OnChain Monkey, has taken advantage of this new technology, revealing Bitcoin-based counterparts for its artwork and seeing its prices soar as a result. OnChain Monkey is a collection of 10,000 Ethereum NFT profile pictures (PFPs) minted in 2021. Using the Ordinals protocol, the collection was “inscribed” onto the Bitcoin blockchain, allowing NFT holders on Ethereum to also say that their respective collectibles live on Bitcoin. The result of this move has been a tremendous increase in demand for the

Rihanna's popular hit single has been offered as a non-fungible token (NFT)

1 year ago 1 min read

Rihanna’s Hit Song Now Available as NFT with Royalty Sharing Before Super Bowl

Rihanna’s popular hit single “B**** Better Have My Money” has been offered as a non-fungible token (NFT) by Web3 music startup anotherblock. This innovative platform works with rights holders, including artists, producers, and writers, to divest a portion of their streaming royalty rights, which are then offered as fractionalized NFTs. Music producer Deputy, who was involved in the production of the hit single, is granting a portion of his streaming royalties to collectors through anotherblock. The song has received almost 1 billion streams across different music sharing platforms and has gone triple platinum in the US. On Thursday, 300 royalty-linked

China is set to establish the National Blockchain Technology Innovation Centre in Beijing, according to reports.

1 year ago 1 min read

Beijing to Establish National Center for Blockchain Technology Research

China is set to establish the National Blockchain Technology Innovation Centre in Beijing, according to reports. The center, which has received approval from the country’s Ministry of Science and Technology, will focus on research and development of blockchain technology. It will be led by the Beijing Academy of Blockchain and Edge Computing (BABEC), a research institution backed by the Beijing government and one of the developers of Chang’an Chain (ChainMaker) – China’s first domestically developed open-source blockchain platform. The new centre will focus on the research and industrialization of blockchain technology, including the development of fundamental theories, hardware and software,

Paxos has denied rumors of its national bank charter

1 year ago 1 min read

Paxos denies rumors of bank charter rejection

Paxos, a brokerage and stablecoin issuer, has denied rumors of its national bank charter being rejected by the Office of the Comptroller of the Currency (OCC). The rumors arose after it was revealed that the OCC’s preliminary approval, granted in April 2021, was 22 months old and four months overdue. Paxos tweeted on February 8 that the OCC has not rejected its charter application, nor has the regulator asked it to withdraw it. The company stated that it continues to work constructively with the OCC. If Paxos obtains the charter, it will operate as a federally-regulated digital asset bank and

1 year ago 1 min read

US Government Using Banks to Crack Down on Cryptocurrency: Nic Carter

The U.S. government is reportedly using the banking sector to crack down on the cryptocurrency industry, according to Nic Carter, co-founder of CoinMetrics. In a guest post for PirateWires, Carter claimed that the Biden administration is executing a coordinated plan to discourage banks from dealing with crypto firms, making it increasingly difficult for them to access onshore banking systems due to unfriendly regulations. This follows recent moves by banks to shut down crypto-related services and the joint statement by the Federal Reserve, FDIC, and OCC warning banks of the risks they face by engaging with crypto firms. Carter suggested that

1 year ago 1 min read

Ripple’s CEO Says Global Regulatory Progress is “Inspiring”

Ripple CEO Brad Garlinghouse has called the recent regulatory developments in the cryptocurrency industry “energizing.” In a series of tweets, Garlinghouse highlighted the steps being taken by various countries, such as Dubai releasing a comprehensive set of rulebooks for crypto market participants. In addition, he mentioned about Australia’s Treasury seeking public input on updating licensing and custody for cryptocurrencies, the UK government’s intention to establish a clear framework balancing innovation and financial stability, and South Korea’s publication of guidelines to differentiate between security and payment tokens. Garlinghouse said that these regulators are providing leadership and doing the work that is

1 year ago 1 min read

Cardano Unveils Ethereum-compatible Sidechain Prototype

Input Output Hong Kong (IOHK), the team behind smart contract platform Cardano (ADA), has launched a new sidechain proof of concept that is compatible with Ethereum (ETH). The public testnet uses components of the sidechain toolkit and is compatible with the Ethereum Virtual Machine (EVM). The aim of the project is to expand the Cardano blockchain’s utility. IOHK has not given a specific time frame for the testnet but has encouraged developers and validators to use both the toolkit and sidechain. Recently, crypto analytics platform Santiment found that whale activity on Cardano has been spiking, which previously led to a