Cryptocurrency

Raiinmaker, a Web3 and AI Technology Company, is announcing the closing of a $7.5M seed round ahead of its Mainnet launch and native token $Coiin TGE.Notable investors in this funding round: Jump Crypto and Cypher Capital along with GDA Capital, Gate.io Labs, London Real Ventures, MEXC Global, Krypital Group, Alphabit, Launchpool, New Tribe Capital, Coach K, Axia 8 Ventures, Sheesha Finance, Andromeda Capital, Arcanum Capital, Bella Capital and Alpha Sigma Capital.The Raiinmaker Network boasts innovative features including a scalable and modular blockchain architecture, decentralized AI tools, and AI powered smart contracts. The company’s core focus lies in the scalable implementation of Decentralized AI and Web3 infrastructure to power Mass Adoption solutions in Sports, Gaming and Entertainment. Raiinmaker Super App users train AI right from their iOS or Android phones and earn fractional rewards based on the value of their contributions to decentralized AI models and infrastructure. Now everyone has the ability to train AI models and run a DePIN enabled validator node using just their smartphone from anywhere in the world. On the application, users are training the same stable diffusion models the community is using to generate AI art through fine tuning and data labeling.With 70,000+ app downloads, over 150,000 nodes, 18 million transactions processed and an engaged community of over 200,000 worldwide, Raiinmaker empowers people all over the planet to contribute to decentralized AI infrastructure while earning crypto, no special technical knowledge required. About RaiinmakerRaiinmaker is an innovative Web3 and AI technology company that has successfully developed the Raiinmaker Mobile Application and Raiinmaker Network. The Raiinmaker App is a cutting-edge Web3 and decentralized AI platform that revolutionizes the monetization of users’ contribution to AI infrastructure. The Raiinmaker Network combines scalable Web3 and AI infrastructure that redefines value creation tied to digital identity, behavior, and reputation.The Raiinmaker AI Super App is powered by the Raiinmaker Network, providing seamless integration with native Protocol Web3 features. These features include Identity, NFT Minting, Token Creation, and AI Powered Smart Contracts.Website | x | Telegram | DiscordContactHead of MarketingKris [email protected] article was originally published on Chainwire More

Zeus Network has secured over $8 million in investments from a number of leading venture capital firms and angel investors, demonstrating strong support for its mission to enhance the Solana blockchain platform. Among the investors are notable firms such as Mechanism Capital, OKX Ventures, UTXO Management, Anagram, Animoca Venture, Portal Venture, Big Brain Venture, Comma3, Axia8, Lemniscap, Spartan, IVC, AppWorks, Rubik, CVVC, Blockbuilders.Top angel investors included Solana Co-Founder, Anatoly Yakovenko, Co-Creator of Stacks, Muneeb Ali and Founder of Mechanism Capital Andrew Kang.Zeus Network aims to connect different Web3 ecosystems using the Solana Virtual Machine (SVM) and a proprietary layer of nodes called the Zeus Layer. This infrastructure is designed to facilitate secure and efficient data exchange between Solana and other major blockchains such as Bitcoin, Ethereum, and BNB.The network has cultivated a large community, with 83,000 members on Discord and 120,000 on Twitter, and was selected by the Jupiter community as the number 1 project to launch its token on the Jupiter LFG Launchpad. This launch is part of a strategy to engage the community and offer rewards to active participants.The first dApp released on Zeus Network, APOLLO, aims to bridge the liquidity between Bitcoin and Solanגa, demonstrating the network’s capacity for innovation and its contribution to the DeFi ecosystem.On April 4th, the $ZEUS token is set to launch on the first-ever Jupiter LFG Launchpad. The Zeus team wants to express its gratitude to the ZEUS community and Jupiter holders who exercised their decentralized governance rights and will be able to claim $ZEUS. The allocation for the $ZEUS airdrop is set at 3% of the total supply for Jupiter voters, zuPoint holders, and Dappie Gang holders.About Zeus NetworkZeus Network transforms blockchain interaction by providing an interoperable solution for the Solana ecosystem. Powered by Solana Virtual Machine (SVM), Zeus Network empowers Zeus Layer nodes to ensure robust security and seamless data exchange. This initiative clears the path for Solana to become the premier hub for all ecosystems, captivating millions of users across diverse blockchains.Facilitating interoperable communication among cross-chain dApps, Zeus Network empowers liquidity and complex applications to seamlessly engage with Solana in a decentralized and permissionless environment, making it accessible to everyone.Website | Zeus on X | APOLLO | Discord | DocsContactmarketing lead at Zeus NetworkMonica [email protected] article was originally published on Chainwire More

Today, leading digital collectibles platform Candy Digital, game developer METABORA, and major game publisher Kakao Games announced a strategic partnership focused on global blockchain-based gaming experiences. This new partnership between Candy Digital, METABORA, and Kakao Games signifies a new era in blockchain innovation, game development, and experiential entertainment. Leveraging Candy Digital’s expertise in building immersive fan platforms, METABORA’s pioneering GameFi services, and Kakao Games’ proven track record in global game publishing, this new venture is aimed at driving growth for web3 gaming. For future updates and more information on this partnership, users can visit candy.com and follow on X at @CandyDigital.About Candy DigitalCandy Digital is a next-generation fan experience platform that connects people to their passions in sports, entertainment and culture. Candy Digital’s team of world-class digital artists, designers, and technologists work with forward-thinking brands to create digital experiences that reimagine the future of fandom. Candy Digital is backed by a diversified group of leading technology investors, including Galaxy Digital, ConsenSys Mesh, HENI and 10T Holdings. In 2023, Candy Digital was nominated for the Sports Business Tech Awards for best in web3.About METABORAMETABORA is a global casual and sports game development company, and developer of the blockchain platform BORA, which is utilized by partners in diverse sectors to develop token economics, content, blockchain technology, and create synergy between gaming, sports, and entertainment content. Now, it is operating the BORA Portal to improve user accessibility to diverse content by listing the BORA token on major cryptocurrency exchanges around the world.About Kakao GamesKakao Games is a leading publisher of online and mobile games. Founded in 2016, it is responsible for publishing a variety of games, including Krafton’s PlayerUnknown’s Battlegrounds (available in Korea), Kong Studios’ Guardian Tales (available in Korea, North America, Europe, Latin America, and Oceania), XL Games’ Archeage War (available in Korea) and its newest addition, Lion Heart Studio’s ‘Odin: Valhalla Rising’ (available in Korea, Taiwan and Japan).Kakao Games is expanding its business to the blockchain market and Web3 gaming ecosystem.ContactSenior PR ManagerLeslie TermuhlenCandy [email protected] article was originally published on Chainwire More

Hypernative brings to the table a security platform capable of identifying vulnerabilities and potential exploits across the Web3 spectrum, including assets, protocols, and applications. To date, the platform says it has detected over 270 exploits that could have led to nearly $14 billion in damages.Hypernative’s technology will offer Flare’s users, decentralized applications (dApps), and institutions protection against imminent cyber threats, including zero-day attacks, Investing.com understands. The sophistication of Web3 attacks is increasing, with a wider array of exploitation methods being employed by attackers worldwide. In response, Hypernative says it has developed a technology capable of identifying potential Web3 exploits well in advance, offering a proactive approach to security. As a result, its offering is trusted by some of the largest Web3 ecosystems, overseeing assets totaling $37 billion in value.The company’s solution is designed for continuous monitoring of on-chain and off-chain activities to preempt risks and attacks. With over 764,000 risks identified across 1,443 monitored protocols, Hypernative delivers critical insights and actionable intelligence to minimize false positives without overlooking threats.Hugo Philion, Co-founder of Flare & CEO of Flare Labs, commented, “Flare has been architected with enshrined oracles to support high transaction value use cases, including DeFi and AI. Hypernative’s monitoring on Flare will help provide applications and their users with an additional layer of defense against potential exploits. Our aim is to provide the highest level of security possible, so institutions, builders and community members have the confidence to engage with decentralized applications on the network.”Flare is known for its Ethereum Virtual Machine (EVM)-compatible smart contract platform that facilitates decentralized data acquisition. It provides developers with secure and cost-effective access to extensive data sets to improve the capabilities of Solidity-coded applications.Gal Sagie, Co-founder and CEO of Hypernative, highlighted the need for a new security standard in Web3, beyond traditional audits and bounties. “There is a dawning realization that web3 needs a new security standard that goes beyond audits and bounties. It’s really encouraging to see leading protocols like Flare take a global approach to security and implement active strategies that protect their entire ecosystem,” he added.As the complexity of Web3 smart contracts continues to grow, so does the need for sophisticated security solutions. Hypernative’s track record and battle-hardened tools are set to play a crucial role in safeguarding Flare’s over 290 projects, offering real-time, proactive protection against sophisticated cyber threats. Flare projects will gain access to Hypernative’s platform, enabling them to configure alerts, monitor security flows, and receive support in case of attacks. More

Decentralized credit protocol Soil has ambitions to reshape the global investment and stablecoin yield generation landscape. With its unique blockchain-based infrastructure, the recently-launched protocol provides seamless access to the lucrative Real World Asset (RWA) market, catering to both institutional investors and individual participants. Soil’s recent milestones and strategic partnerships underline its readiness to capture, in particular, a share of the $14 trillion corporate debt market. Last October, the protocol conducted a successful Initial DEX Offering (IDO) during which it raised over $800,000 across three launchpads, after which the $SOIL token debuted on two centralized exchanges, Gate.io and MEXC, and leading DEX Uniswap. Since its public launch on January 11, Soil has seen Total Value Locked (TVL) cross the $2 million mark.Private Debt experienced executive team boasts a track record of managing over $1 billion in private debt, with expertise in both technology and finance. The team has created a protocol that functions as a debt marketplace, facilitating connections between lenders and borrowers (including corporate borrowers) and generating revenue through the arbitrage of the cost of capital.The protocol’s innovative approach to decentralized credit and investment is not just a technological advancement, it’s a complete reimagining of how individuals and institutions engage with the lucrative global debt market. With its robust platform and strategic alliances, Soil is poised for significant growth in the burgeoning field of blockchain-based financial solutions.About Soil:Soil is a decentralized credit protocol offering global access to Real World Asset investments and secure yield on stablecoins. Combining regulatory compliance with high scalability, Soil caters to both institutional investors and individuals, bridging the gap between traditional finance and decentralized finance.Website | X | Telegram | Discord | LinkedIn | Coinmarketcap | CoingeckoContactJakub [email protected] article was originally published on Chainwire More

Xterio, a leading Web3 gaming publisher and platform, and AltLayer, an open and decentralized protocol for launching native and ZK rollup stacks, have announced the launch of a game-focused restaked rollup designed specifically for Web3 games.Xterio is a Web3 gaming ecosystem & infrastructure, distinguishing itself as a gaming publisher with top-notch development skills, unparalleled distribution expertise, and over $80M raised in ecosystem funding. With five AAA games and over 45 gaming partners, Xterio has amassed a gaming community of over two million users worldwide and developed the most successful gaming NFT launchpad. Co-founded by industry veterans like Michael Tong, former COO of NetEase (NASDAQ:NTES) and CSO of FunPlus, and Jeremy Horn, former Vice President of Jam City, Xterio is committed to accelerating the integration of Web3 technology into gaming and onboarding billions of gamers.The Xterio chain will be run and managed by AltLayer. It will operate as a Layer 2 settling on Ethereum and utilize the OP Stack as the rollup framework with EigenDA as the Data Availability (DA) layer. Unlike a classical rollup, Xterio chain will instead take the form of a “restaked rollup”, a framework pioneered by AltLayer. As a restaked rollup, the Xterio chain will come with MACH – an Actively Validated Services (AVS) offering faster finality with economic security by leveraging EigenLayer’s restaking mechanism. The rollup will focus on web3 and AI-powered games, with plans to build an on-chain ecosystem around AAA games leveraging the $XTER token.In addition to being integrated across multiple Xterio titles, the Xterio chain will act as the backbone of the Xterio ecosystem, offering a gateway to a vibrant gaming ecosystem and empowering players to effortlessly collect, own, and trade digital assets in a safe and accessible environment and allowing developers to mint, distribute, and manage millions of assets seamlessly. The chain, alongside the comprehensive Xterio tech platform, intends to make on-chain elements almost invisible thanks to account abstracted wallets, seamless off-chain and on-chain systems, cheap transactions, single-click purchases, flexible payment marketplace and launchpad, and more. In addition to facilitating transactions, the Xterio marketplace and NFT launchpad will embrace the Xterio token as a versatile payment method, accepted for both purchases and gas fees, ensuring a smooth and convenient user experience. Looking ahead, the Xterio chain will open its doors to game developers seeking a sophisticated yet user-friendly solution to power their creations. Through the Xterio chain, developers will have access to the most extensive first-party gaming catalog in Web3 and tap into its over 2 million user base, which is currently rapidly growing.With its promise of easy integration and cutting-edge capabilities, the Xterio chain stands ready to drive the future of gaming.About XterioXterio Foundation in Switzerland was founded with a council and by a team of technology and entertainment leaders with deep game development and publishing experience. Its mission is to develop, publish, and distribute high-quality Web2 and Web3 games and interactive entertainment. Xterio is committed to accelerating the integration of Web3 technology into gaming and AI. This commitment simplifies the experience for developers and players, facilitating the widespread adoption of decentralized gaming and digital ownership. Xterio, together with its partners, operate the first gaming rollup with the latest MACH technology and one of the best launchpads for games and marketplaces. Recently, the Xterio platform has successfully launched NFT sales in Overworld, Age of Dinos, Persona, Army of Fortune, and more.The Xterio platform is developing five first-party titles powered by $XTER. Each is led by genre experts and supported by talented teams from renowned entities like FunPlus, Riot, Tencent, and Epic.To learn more, users can visit xter.io and follow along at @XterioGames.About AltLayerFounded in 2021, AltLayer is an open and decentralized protocol for rollups. AltLayer is known for its novel product – ‘restaked rollups’ – which supplements existing rollups with better security, decentralization, fast finality, and interoperability.Built atop its protocol is a Rollups-as-a-Service (RaaS) launcher, a hassle-free platform allowing developers and beginners to spin up a customized rollup within 2 minutes! This product is designed for a multi-chain and a multi-VM world.Together, these products form the bedrock of a modular blockchain ecosystem – home to hundreds of thousands of rollups that can accelerate scaling for any Web3 application. They can help save considerable capital, reduce years of development work for teams, encourage innovation, and fast-track experimentation while being fully open and permissionless.Industries spanning the NFT sector, Web3 gaming, DeFi, real-world asset tokenization, and others leverage these rollups to scale their applications. AltLayer supports major stacks, alternative DA layers, and shared sequencers, including OP Stack, Arbitrum Orbit, Polygon CDK, ZK-rollup, Celestia, EigenDA, Avail, Espresso, and more.Alter invites users to join its community: Twitter | Discord | Official WebsiteContactXterio [email protected] article was originally published on Chainwire More

ABUJA (Reuters) – One of the two executives from Binance, the world’s largest cryptocurrency exchange, detained in Nigeria appeared in an Abuja court on Thursday to face tax evasion and money laundering charges.Binance and two of its executives Tigran Gambaryan, a U.S. citizen and Binance’s head of financial crime compliance, and Nadeem Anjarwalla, a British-Kenyan who is a regional manager for Africa, have been charged with four counts of tax evasion and with laundering over $35 million.Gambaryan and Anjarwalla were detained on Feb. 26 in connection with a criminal investigation into Binance’s activities in Nigeria when they arrived in the country. Anjarwalla escaped from custody and fled the country. Gambaryan was served with the charges for the first time since his detention during his court appearance and did not take a plea. He will be formally arraigned for the money laundering and tax charges on April 8 and 19, respectively, when his plea will be taken.Binance itself has not been charged by Nigeria’s Economic and Financial Crimes Commission (EFCC), which has argued Gambaryan could face the charges on the exchange’s behalf.Gambaryan’s lawyer Chukwuka Ikuazom objected, saying he was “neither a director, partner nor company secretary” and had no written instructions from Binance to face the charges on its behalf.Ikuazom also argued that since Binance and Gambaryan were jointly charged, he could not take a plea until the exchange, the first defendant in the case, had been served, according to Nigerian law.Binance, which was not represented in court and had no immediate comment, said on Wednesday that it respectfully requested that Gambaryan, who had no decision-making power in the company, was not held responsible while discussions are ongoing with the Nigerian government. Gambaryan has asked a Nigerian court to release him.Nigeria blamed Binance for its currency woes after cryptocurrency websites emerged as platforms of choice for trading the Nigerian naira currency, as the country grappled with chronic dollar shortages. More

As the world of cryptocurrency continues to evolve and innovate, the crypto mining industry is undergoing a significant transformation, driven by the integration of AI. This groundbreaking convergence promises to revolutionize mining operations, enhancing efficiency, sustainability, and profitability.The marriage of AI and crypto mining offers unprecedented opportunities for optimization across the entire mining process. By leveraging AI-powered algorithms and machine learning capabilities, mining operations can streamline processes, maximize resource utilization, and minimize energy consumption.Key benefits of integrating AI into crypto mining operations include:Enhanced Efficiency: AI algorithms can analyze vast amounts of data in real-time, enabling mining rigs to dynamically adjust parameters such as hash rates and power consumption to optimize performance. This results in increased mining efficiency and higher throughput.Predictive Maintenance: AI-driven predictive analytics can anticipate equipment failures and maintenance needs, reducing downtime and enhancing operational continuity. By proactively addressing potential issues, mining facilities can maintain peak performance and minimize costly disruptions.Energy Optimization: AI algorithms can optimize energy usage by dynamically adjusting power allocation based on factors such as electricity prices, network congestion, and environmental considerations. This not only reduces operating costs but also promotes sustainability by minimizing energy wastage.Risk Mitigation: AI-powered risk assessment tools can analyze market trends, price fluctuations, and regulatory developments to inform strategic decision-making. By providing valuable insights into market dynamics, AI empowers miners to navigate uncertainties and mitigate risks effectively.Adaptive Mining Strategies: AI enables mining operations to adapt rapidly to changing market conditions and network dynamics. Through sophisticated data analysis and pattern recognition, AI algorithms can identify lucrative mining opportunities and adjust strategies accordingly, maximizing profitability.By harnessing the power of AI, crypto mining companies can unlock new levels of efficiency, sustainability, and profitability in an increasingly competitive landscape.As the crypto mining industry undergoes this transformative shift, Bit Origin is determined to explore the potential of AI-driven solutions to unlock value and drive sustainable growth. More