The CMCC Global-managed Titan Fund recently closed it’s initial investment round, raising $100 million from more than 30 investors. Block.one, a blockchain firm, the Pacific Century Group, run by Hong Kong business tycoon Richard Li, Winklevoss Capital, Jebsen Capital, and Yat Siu, the man behind Animoca Brands, are just a few of the notable investors.

According to a press release, Blockticity, a firm that focuses on using blockchain to issue certificates of authenticity for belongings, has created certifications for $275 million in products on layer 1 Avalanche.Hemp, hallucinogenic mushrooms, and kratom are all used in the first stage of minting. As a non-fungible token (NFT) verification system, the minting is carried out using its Certificate of Analysis (COA).For the U.S. hemp and cannabis lab, ACS Laboratory, the initial minting included hemp, hallucinogenic mushrooms, and kratom.According to the company’s website, there are difficulties with supply chain transparency in the hemp, cannabis, mushroom, and Kratom industries.ACS conducts potency tests and verifies that the goods are free of chemicals and pesticides. The certifications’ goal is to prevent fraudsters from using the COAs by altering with the QR code or data, access the product’s test findings, and trace the COAs back to the original laboratory, according to the news release.In an earlier interview, Sundie Seefried, the CEO and president of Safe Harbor Financial, stated that a regulator had told her that cryptocurrency and cannabis would go well together since blockchain technology offers a decent level of traceability for money earned from cannabis plants. The procedure involves printing a QR code by Blockticity on the goods, which links to a COA issued as an Avalanche NFT.Over 35,000 COAs worth approximately $275 million have already been issued by ACS Labratory using Blockticty.Blockticity authenticates the lab report by minting a COA from the lab into the blockchain.According to a prior statement, businesses can then seek up a COA and use the QR code to locate the report that is owned by the company that paid for the test to be conducted.According to a press release, cannabis will be the subject of ACS Laboratory’s next 120,000 COAs. “We’re pleased to join forces with Blockticity once again, harnessing this avant-garde technology for our esteemed clients,” said Roger Brown, president of ACS Laboratory. “This technological leap allows any COA viewer to trace its origins and detect any discrepancies.” ACS Laboratory and Blockticity previously worked together to introduce the nation’s first hemp COA as an NFT on the Moonwalk NFT platform in November 2021.

A new fund with investments in Hong Kong-based Web3 startups has been established by blockchain-focused venture capital firm CMCC Global with $100 million in funding.The Titan Fund, as it is known, will invest in startups in Web3 industries like gaming, the metaverse, and non-fungible tokens (NFTs), according to a Wednesday email statement.The fund will be overseen by State Street, with EY acting as its auditor. Block.one (B1), Richard Li’s Pacific Century Group, Winklevoss Capital (the company run by Tyler and Cameron Winklevoss), and Yat Siu, the creator of Animoca Brands, all contributed $50 million as the fund’s primary investors.B1 will also take a minority ownership position in the holding company of CMCC Global. Following the development of a new legislative framework that took effect in June, Hong Kong has reestablished itself as a crypto hub, making it an appealing location for investment from the big VC players in the broader blockchain business.

Blockchain technology will be used by Brazil to establish its new national identity programme. As the first states to issue identification documents on-chain, Rio de Janeiro, Goiás, and Paraná will do so. The government recently said that over 214 million Brazilians will soon use blockchain technology for digital identity. As part of a private blockchain

The Perimeter Protocol smart contract codebase, released on Friday by stablecoin issuer Circle Internet Financial, aims to act as an open-source framework for tokenized credit markets.Invoice factoring, payroll advances, quick settlement for merchants, and credit trading for institutional investors are just a few of the credit use cases that Perimeter can serve, according to the business in a blog post.Developers are free to replicate the codebase and create new products using it, and its white paper is openly accessible. The protocol also serves as the launch of Circle Research, the company’s new open-source development section.The announcement coincided with the growing momentum behind tokenizing real-world assets (RWA), which is the process of integrating conventional financial instruments like credit into blockchain-based applications.According to a Bank of America (BAC) research, tokenization might upend the current financial infrastructure by establishing a more effective and open system.According to Bernstein, the market for tokenized assets might reach $5 trillion over the following five years. Stablecoins are a crucial component of the settlement infrastructure for blockchain-based lending markets.Circle’s $26 billion USDC and EURC tokens could become more useful if it supports tokenization initiatives and the creation of decentralized finance (DeFi) credit networks. “We’ve seen the great utility stablecoins and USDC have brought to developers, corporations, end-users and more across an array of use cases, including for global lending markets within DeFi,” the company said in a blog post. “However, for new entrants to participate in these markets, the ability to securely unlock credit on-chain

The first public IOTA Smart Contracts (ISC) and a linked token will go live on Thursday, according to creators of the IOTA blockchain network. The action follows several months of testing. On ShimmerEVM, a blockchain that complies with Ethereum, these contracts will be made available. ShimmerEVM is a component of Shimmer, a blockchain in the

Bitcoin exchangeAccording to Kraken, the central bank of Spain granted it authorization to operate as a virtual asset service provider there.The exchange will soon be able to provide Spanish citizens with exchange and custody wallet services.According to a press statement issued on Tuesday, Kraken’s Irish subsidiary also received an e-money institution (EMI) license from the central bank of Ireland, allowing it to expand its “EUR fiat services in partnership with banks” throughout the nation and throughout Europe. Since the European Union made its regulatory policy regarding cryptocurrencies more clear, exchanges have been eager to expand throughout the continent. Coinbase recently opened a Spanish account.The markets in crypto assets regulation (MiCa), which was developed by the EU, is scheduled to go into force in 2024. “We see a firm foundation for crypto in Europe, which has forward-looking regulation that enables us to grow with confidence,” said Curtis Ting, Kraken’s vice president of global operations. “We are grateful for the constructive approach to regulating industry growth set by the Central Bank of Ireland and the Bank of Spain.

The Philippine Blockchain Week (PBW) event earlier this month featured the Miss Universe Coin initiative, which the Miss Universe Organisation has categorically denied any connection to. According to PBW, it is in touch with all parties concerned and will shortly give an update. A project named Miss Universe Coin was unveiled at PBW earlier this

An announcement on the Optimism governance website states that the foundation that powers layer2 blockchain Optimism has sold 116 million OP tokens ($157 million) to seven different purchasers. The OP Token treasury’s unallocated fraction of the tokens used in the sale were described as the source of the tokens as it was a “private” and

The popular blockchain’s liquidity providers may benefit from the decentralised trading tool GammaSwap’s introduction on the Arbitrum network today, according to the move’s developers. GammaSwap enables users of decentralised finance (DeFi) to “short” liquidity provider (LP) tokens by borrowing them from automated market makers (AMMs) and hedging against provided collateral or developing low-risk trading methods.

A new internet safety rule that covers the metaverse was just approved by British parliamentarians. The Online Safety Bill, which was presented last March, stipulates that businesses must determine the possibility that customers will encounter illegal information and that minors will encounter stuff that could be detrimental to them. According to a government press release,

Layer-2 network for Coinbase Data from blockchain explorer BaseScan shows that Base has broken its previous record for daily transactions since its introduction in August. The layer-2 blockchain reached 1.88 million transactions on September 14, breaking its previous high of 1.41 million transactions set on August 21,the day the network was established. The layer-2 network

Data from IntoTheBlock shows that Coinbase’s layer 2 blockchain, Base, which debuted in early August, has experienced an all-time high in daily transactions. On Thursday, Base processed 1.88 million transactions, outpacing layer 2 competitors Arbitrum and Optimism combined, who processed 780,000 and 370,000 transactions, respectively. “Interestingly, neither non-fungible token (NFT) marketplaces nor decentralised finance (DeFi)

A deal has been made between Core Scientific, Inc. (OTC: CORZQ), a well-known provider of blockchain computing data centres and software solutions, and Celsius Mining LLC, a Bitcoin mining division of Celsius Network. Deal included selling “Cedarvale,” a Bitcoin mining data centre located in Ward County, Texas, to Celsius. The two businesses have also agreed

In order to test Web3 consumer experiences in Singapore, Circle Internet Financial (Circle), a major global fintech company, is partnering with Grab, the top super app in Southeast Asia. This partnership will see the direct integration of Circle’s new Web 3 Services platform into the Grab app, representing a significant advancement in the regional use

The Pix system of the Brazilian Central Bank has been introduced as a payment option by Ramp Network, a business that provides payment infrastructure to link cryptocurrency and traditional finance. In July, Ramp created a local entity in the South American nation as part of its effort to expand farther throughout Latin America. Adding Pix

Lido, the industry leader in ether staking, will collaborate with two Cosmos blockchain ecosystem projects to connect its staked ether (stETH) tokens to the Cosmos network. This move might result in the exchange of millions of dollars’ worth of liquidity between the two blockchains. According to data from DefiLlama, liquid staking has grown in popularity

According to a recent announcement, Thailand-based Kasikornbank (KBank) has launched a $100 million fund that will target global entrepreneurs in artificial intelligence (AI), Web3, and fintech. One of the largest banks in South East Asia, KBank also offers online services. The bank has operations in Vietnam, China, and Thailand. The Bank of Thailand, Thailand’s central

After months of testing during which no significant flaws were found, BNB Chain developers today announced that the opBNB network, a layer 2 built on OP Stack, is now online. Any off-chain system, network, or technology constructed above a foundational, or layer 1 blockchain is referred to as a layer 2. Developers can utilise the

A joint report titled “Project Sela – An Accessible and Secure Retail CBDC Ecosystem” has been published by the Hong Kong Monetary Authority (HKMA), the Bank of Israel (BOI), and the Bank for International Settlements Innovation Hub (BISIH) Hong Kong Centre. The report was released on September 12 during a meeting in Tel Aviv. The

The Terra Classic community is voting on several recommendations as worries are voiced about an increase in spam as a result of a drop in the price of Luna Classic (LUNC). The minimum deposit requirement would be increased from 1 million LUNC to 5 million LUNC under a new proposal, which anticipates a possible price

The Mina Protocol is about to undergo a significant upgrade with the goal of bringing Zero-Knowledge (ZK) smart contracts to its mainnet. On the Mina platform, it is envisaged that this breakthrough will increase community involvement and product development. Three main characteristics of the upcoming improvement include: Enhanced zkApp Programmability: The upgrade’s incorporation of o1js

The cryptocurrency firm LBRY announced its intention to appeal a New Hampshire court’s finding that it had neglected to register with the SEC.The blockchain-based file-sharing network sold native LBRY credits (LBC), which the company insisted were not securities, in violation of federal securities laws, according to the SEC’s lawsuit, which was filed in 2022.The SEC was awarded a victory by a New Hampshire judge in November, and the final judgment was submitted on July 11.After the decision, LBRY said that it will close. LBRY is subject to a $111,614 fine as a result of the decision.This was reduced from $22 million in May by the regulator who cited the company’s “near-defunct status.”The corporation was also “permanently restrained and enjoined from” directly or indirectly taking part in any unregistered crypto securities offering or in violating federal securities laws.Over the sale of $1.3 billion in XRP coins, blockchain platform Ripple Labs is dealing with identical SEC claims.Legal professionals have told CoinDesk that a federal judge’s partial ruling in favor of Ripple in July – that programmatic sales of XRP to retail investors through exchanges did not violate securities law, but direct sales of XRP to institutional investors did – may give hope to other businesses involved in related cases. On Thursday, LBRY announced on its X (previously Twitter) account that it intended to appeal the decision.According to CoinGecko data, LBC has decreased by around 6% to $0.013 over the last day.

A new advocacy group for tokenization was unveiled on Wednesday, and its goal is to persuade more organizations to tokenize their traditional financial assets.According to a press release, the Tokenized Asset Coalition seeks to promote institutional decentralized finance (DeFi), asset tokenization, and public blockchain adoption in the broader financial sector. It also intends to bring the “next trillion dollars of assets” on-chain through education and advocacy. The organization was founded by the cryptocurrency exchange Coinbase, the stablecoin issuer Circle, the layer 2 network Base, the DeFi loan platforms Aave Companies, Centrifuge, Credix, Goldfinch, and RWA.xyz.The launch of this new group coincides with the rise of asset tokenization as a trend in the cryptocurrency world.The phrase refers to the conversion of traditional financial assets, also known as real estate, bonds, and private credit, into tokens on a blockchain. According to Bank of America (BAC), tokenized assets have the ability to upend the current financial system and establish a more effective one.A research from the Boston Consulting Group predicts that by 2030, the market for tokenized assets might swell to $16 trillion. “The Tokenized Asset Coalition believes that public crypto rails offer superior efficiency, cost savings and transparency compared to legacy systems,” the press release said. “By fostering collaboration, education and the development of on-chain infrastructure, the Coalition aims to address the inefficiencies, lack of transparency and fragmentation inherent in traditional financial systems.”