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All Flash News

Game Maker the Mirror Raises $2.3 Million in Founders Fund-Led Round

The Mirror, a game development platform that lets indie developers build virtual worlds, raised $2.3 million in pre-seed funding in a round led by Founders Found, the Silicon Valley venture fund that has backed Stripe, Airbnb and Lyft.

The Mirror expedites the creation of 3D multiplayer games set in virtual worlds and includes tools for real-time collaboration, which is one of the characteristics necessary for occupation in the metaverse, according to Matt Ball, the author of a recent book on the subject. The startup says that it will serve developers of all skill levels, including those with no coding experience. 

(by MK Manoylov)

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Biggest Movers: DOGE, LINK Fall to 10-Day Lows on Wednesday

Dogecoin fell to a ten-day low on Dec. 7, as the meme coin extended a recent decline, falling for a third consecutive session. Overall, cryptocurrency markets have been mostly bearish in today’s session, and are down 1.07% as of writing. Chainlink was another notable token to fall, and is currently trading by as much as 5% lower.

Dogecoin (DOGE) dropped to a ten-day low on Wednesday, with prices falling for a third straight session.

Following a high of $0.101 on Tuesday, DOGE/USD slipped to an intraday low of $0.09519 earlier in today’s session.

In addition to dogecoin, another notable token to fall in today’s session has been chainlink (LINK).

LINK/USD slipped to a bottom of $6.80 earlier in the day, which comes less than 24 hours after trading at a peak of $7.29.

(by Eliman Dambell)

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XRP Sheds Almost $5 Billion From Its Market Cap in a Month Despite Positive Ripple Lawsuit News

XRP has recorded phases of high price volatility in recent weeks as the token’s community monitors the progress of the ongoing cases between the Securities Exchange Commission (SEC) and Ripple

Indeed, XRP is undergoing selling pressure, resulting in the cryptocurrency losing $4.87 billion in market capitalization within a month. By press time on December 7, XRP’s market cap stood at $19.04 billion, representing a monthly drop of about 20% from $23.91 billion recorded on November 11. 

(by Eliman Dambell)

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The UK Payment Systems Regulator Is Firming Up Its Approach to Regulating Crypto

The U.K.’s Payments Systems Regulator is exploring how it can regulate the crypto sector, starting by looking at distributed ledger technology, said Nick Davey, a payment specialist at the agency.

The PSR, a fairly new regulator that became fully operational in 2015, would be authorized to regulate cryptocurrencies that are used for making payments if a proposed crypto-regulation bill called the Financial Services and Markets Bill becomes law. The bill is now being considered by Parliament.

(by Camomile Shumba)

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Uphold Continues To Give 4% Cashback Rewards In XRP

The Uphold crypto-linked debit card offers unique and appealing features, including zero transaction fees and an opportunity to spend crypto at several merchant locations.

Uphold has again brought public attention to the attractive offerings presented to clients through its recently-launched crypto-linked debit card. The card presents clients with 4% cashback rewards on their spending. The rewards are paid in XRP and convertible to any currency of the customer’s choice, digital or fiat.

Launched mid-November, Uphold unveiled the crypto-linked card with 4% cashback paid in XRP. According to the Nov media release, the card features ease of use, being readily available on the mobile app for iOS and Android users. Initially available to customers in the United Kingdom, Uphold promised to introduce a United States-based version before long.

(by Albert Brown)

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ImmutableX Gaming NFTs Now Available on Nifty Gateway

ImmutableX-powered NFTs from web3 games such as Gods Unchained, Guild of Guardians, Illuvium, Embersword and Planet Quest are now available on Gemini-owned NFT marketplace Nifty Gateway.

The addition, first announced in October, is part of Nifty Gateway's efforts to onboard the next billion users to web3. Its marketplace, which custodies NFTs in its own Gemini wallet so traders don't pay gas fees, has seen a growing demand for gaming assets.

(by Callan Quinn)

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DeFi Protocol Perennial Launches with $12M Fundraise

Perennial, a decentralized finance (DeFi)-native derivatives protocol, has gone live with a $12 million seed funding round led by Polychain Capital and Variant. The capital raise happened earlier this year, but the recent collapse of centralized exchange FTX has put increased focus on risk mitigation, liquidity and DeFi projects.

Other investors in the round included Archetype, Scalar Capital, Robot Ventures, Coinbase Ventures, a.capital and a number of angel investors, according to a draft Medium post provided to CoinDesk.

(by Brandy Betz)

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Ethereum Developers Confirm Shanghai Upgrade Will Enable Staked ETH Withdrawals

Ethereum developers, in a recent call, confirmed that they will roll out the Shanghai upgrade without EIP 4844 to eliminate delays in enabling withdrawals for staked ETH.

Ethereum developers, during the 99th Consensus Layer (CL) call held on December 1, have disclosed that they will be rolling out the Shanghai Upgrade without EIP 4844 to eliminate delays in Ethereum staking withdrawals, per a Galaxy Insights report.

Notably, the conclusions from the meeting confirm the previous report by The Crypto Basic, where developers expressed the belief that they could roll out staking withdrawals with the Shanghai upgrade in March. Furthermore, it clears any doubts about a significant delay.

(by Mark Brennan)

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Cardano Reactivates Testing of Djed Stablecoin With Brand New Capabilities

Despite the recent setbacks, the cryptocurrency sector continues to expand, led by the developments and innovations of major ecosystems such as the Cardano (ADA) network, which has recently renewed its stablecoin tests.

As it happens, the testnet version 1.1.1 of the Djed stablecoin has been reactivated to include new capabilities, such as Vasil hard fork compatibility, activity history, and more, according to the announcement shared by the Djed team on December 6.

Djed is the first algorithmic stablecoin to be issued on Cardano’s proof-of-stake (PoS) blockchain, and the recent reactivation of its testnet has also included the display of DJED and SHEN (the reserve coin) logos and icons on the Nami wallet used by the Djed testers.

(by Ana Nicenko)

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Leading Swiss Bank Now Offers Bitcoin, Ethereum, MATIC and LINK Trading

Bank Syz disclosed that its recently-introduced cryptocurrency services would border on custody and trading offerings for the four selected assets.

A leading Swiss private bank with $30B in AuM, Banque SYZ (Bank Syz) recently announced the launch of its “Syz Crypto” offering, which would see the Geneva-based firm provide its Swiss and international clients with digital asset services, including trading and custody.

At the launch of the offering, Bank Syz will support Bitcoin (BTC), Ethereum (ETH), Polygon (MATIC), and Chainlink (LINK), as revealed in an official press release published Monday.

(by Albert Brown)

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