Blockchain Game Developer Animoca Brands Raises $65 Million – Ubisoft, Sequoia China Participate in Funding

On Wednesday, the global developer utilizing popular brands, gamification, A.I., blockchain, non-fungible tokens (NFTs), and mobile technology, Animoca Brands announced the company has closed a capital raise for $65 million. Animoca Brands now has an overall valuation of $2.2 billion after raising funds from firms like Liberty City Ventures, Ubisoft Entertainment, Sequoia China, and Dragonfly … Read moreBlockchain Game Developer Animoca Brands Raises $65 Million – Ubisoft, Sequoia China Participate in Funding

China Crypto Roundup (Oct. 11-Oct. 17) :Crypto Companies Keep Escaping From China

1. Crypto Exchange MEXC Announces Retirement of Mainland Chinese Users Before December 31 MEXC has suspended the registration of new users in mainland China on September 28, 2021, and plans to perform an orderly clearance for users who are authenticated as mainland China before December 31. 2. China’s Public Prosecutors’ Law is studying the path … Read moreChina Crypto Roundup (Oct. 11-Oct. 17) :Crypto Companies Keep Escaping From China

US Bitcoin Mining Lead Over China Confirmed as Major Pools Shut Door on Chinese Users

New data from the latest update to the Cambridge Bitcoin Electricity Consumption Index (CBECI) at the Cambridge Centre for Alternative Finance (CCAF) has confirmed that the leading share of global Bitcoin network hashrate now sits in the US. The geographic shift happened barely two months after China banned crypto mining activities within its borders in May … Read moreUS Bitcoin Mining Lead Over China Confirmed as Major Pools Shut Door on Chinese Users