A $100 million funding program has been started by Game7 to support Web3 game creators. The BitDAO and Forte ecosystems support the decentralized autonomous organization, or DAO, that is the entity. The crypto winter, the economic slowdown, and gamer hatred against Web3 are taking their toll, and blockchain gaming businesses need this type of stuff right now. To increase the diversity and accessibility of the Web3 video game business, the initiative will give creators the ability to design too

After the information of more than half a billion users was exposed on a hacking website, the Irish Data Protection Commission (DPC) fined Facebook owner Meta €265 million on Monday, November 28. The commission stated specifically that it had punished Meta for failing to create Facebook in a way that would safeguard users' data from breaches. The DPC opened an inquiry in April 2021 when data containing the names, phone numbers, and email addresses of up to 533 million individuals was discovere

The chief economist of Israel offers suggestions for crypto regulation. The chief economist recommended giving the Israel Securities Authority and the Supervisor of Financial Service Providers more power to supervise the industry. Israel's chief economist has outlined a list of suggestions on how authorities should approach the nation's digital asset laws in order to securely increase crypto use. Shira Greenberg, the chief economist at the Ministry of Finance, proposed for a more thorough reg

The community of decentralized financial company MakerDAO is voting to increase the yearly return for its DAI stablecoin by up to 1%. Members of the community can vote in a ranked-choice poll until December 1 to raise the so-called DAI Savings Rate to 1%, 0.75%, 0.5%, 0.25%, or leave it at its current 0.01% rate. MakerDAO started the voting process on Monday. At the time of publication, all votes were in favor of raising the interest rate to 1%. This may change as more voters cast ballots. Th

Only authorized cryptocurrency companies will be permitted to provide Uzbek citizens crypto trading services beginning in January 2023. The Uzbek authorities have begun giving regulatory approvals to local cryptocurrency service providers as they get ready to implement a new cryptocurrency framework in 2023. According to an announcement made public on November 17, Uzbekistan's main cryptocurrency market watchdog, the National Agency for Perspective Projects (NAPP), has granted the country's fi

Although VC funding is still falling, Uniswap bucks the trend by raising $165 million in a Series B round. Venture capital investments in blockchain fell dramatically in October compared to the prior month. Inflows of venture money into the blockchain industry fell significantly from September to October. Individual deals decreased from 93 to 69 every month. 1. Despite the challenging market conditions, large raises From Evolution Equity Partners, Octopus Ventures, 3VC, Tensor Ventures, Depo

The Russian President slammed Western sanctions and advocated for a regime "free of foreign meddling." On November 24, Russian President Vladimir Putin spoke at the International AI Journey Conference in Moscow, criticizing the monopoly in global financial payment systems and calling for an independent, blockchain-based settlement network. During an event hosted by Sberbank, Russia's largest bank and a major lender to the government, he stated: “The technology of digital currencies and blockch

Days after halting withdrawals due to the lingering effects of exchange FTX's insolvency, crypto lender BlockFi filed for bankruptcy protection on Monday. The business announced that it was seeking Chapter 11 bankruptcy protection, indicating that it wanted to restructure while carrying on with business in the meantime. BlockFi has around $257 million in cash in hand, claims a press release. A Bermuda-based affiliate is likewise submitting a similar form for liquidation. BlockFi's executives e

Ben Caselin, a former executive at AAX, claimed that the brand's reputation has been damaged and that his position at the company is now meaningless. The vice president for global marketing and communications of the AAX exchange announced his resignation from his position at the cryptocurrency exchange weeks after the company began to halt withdrawals. Ben Caselin revealed the reasons for his decision to leave the company and his position in a thread on Twitter. Caselin claims that despite his

According to CEO Changpeng "CZ" Zhao, Binance created a $1 billion or more recovery fund to buy distressed crypto assets. We can allocate more, CZ added, according to the news source, if that isn't enough. Following the demise of FTX and its CEO Sam Bankman-Fried, CZ has emerged as a key figure in the sector over the past few months, solidifying his status as a key leader. On Twitter earlier this month, he voiced his worries about FTX and canceled a proposal to buy it to help it out of its fin