Philippines’ PDAX Secures $50 Million For Metaverse Expansion
The Philippine Digital Asset Exchange or PDAX announced on Thursday the completion of its $50 million Series B funding round headed by Tiger Global. This round was also attended by investors from earlier rounds, including Beenext Ventures and Cadenza Capital Management. Several other financial institutions have also joined as co-investors in this project. These include […]
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An apparent “glitch” on PDAX temporarily dropped BTC prices by 88% and saw trading suspended. The exchange held a press conference yesterday to explain what happened. One of Southeast Asia’s biggest crypto exchanges is blaming a technical glitch for the price of Bitcoin dropping down to 300,000 PHP, roughly $6,100, on Feb. 16. An unknown number of customers of the Philippine Digital Assets Exchange, or PDAX, managed to buy thousands of BTC from the exchange at a massive discount, making them local currency billionaires on paper — at least for a few hours. A number of PDAX customers....
Binance is again in the spotlight after it caught the attention of regulators – this time, from the Philippines’ Securities and Exchange Commission – who cautioned against investing with the global exchange. The warning was included in a letter sent to the SEC by Infrawatch PH, a public policy research organization aiming to have the […]
Metametaverse, a company whose purpose is the integration and interoperation of different metaverses, has already secured funding of $2 million for this idea. Joel Dietz, the founding father of this initiative and also from the uber-popular wallet Metamask, has stated this task might be achieved by building a common pool of assets and experiences through a Level 1 blockchain like Ethereum or Bitcoin.
The Metaverse Interoperability Question
The idea of the Metaverse linked to digital experiences and token economies is relatively new, and just now hundreds of companies are building....
Bitcoin technology company BitFury has been able to secure $20 million in funding to support its expansion plans. The funds came from DRW Venture Capital, iTech Capital and Georgian Co-Investment Fund in their latest round of funding. BitFury has plans to expand to the Republic of Georgia by building a Techno Park that can host its 100MW center. The company has been involved in providing bitcoin technology infrastructure and transaction processing services. Bitcoin Technology Expansion Plans. "Today, we are excited to announce we have secured a funding round of $20 million. The success of....
PRESS RELEASE. Metaverse Alliance has announced the launch of its online Metaverse Hackathon (Metathon) for all metaverse enthusiasts around the world. The Metaverse Alliance team believes that the metaverse will create long-term value in the future and that both real and virtual worlds will exist in parallel with little boundaries. Metathon comes from the portmanteau of metaverse and hackathon. It is seeking to create a viable platform for great and amazing developers who have the imagination and vision of the metaverse. The metathon is for those who believe that many protocols and Web 3....