- Luxor Technologies shows that the total hash rate of the Bitcoin network has surpassed 300 EH/s, increasing by 100 EH/s in about a year, which is twice the speed of growth from 100 EH/s to 200 EH/s.
- Abu Dhabi’s tech ecosystem Hub71 has announced the launch of a $2 billion “Hub71+ Digital Assets” program to support Web3 startups.
- NFT marketplace Blur has updated its royalty policy, which includes four scenarios where full royalties will be enforced for NFTs not sold through OpenSea.
- Amazon Funds Web3-Friendly Studio Superplastic in $20 Million Round. Superplastic has launched loads of wacky NFTs and characters, and now Amazon Studios get first dibs on them for TV shows or films.
- Crypto index-focused platform Alongside, has closed an $11 million seed round led by Andreessen Horowitz (a16z).
- The US state of Wyoming’s House of Representatives has passed a bill that will prohibit courts in the state from forcing individuals to disclose their private keys to digital assets. However, exceptions can be made if the public key is not available or if detailed information about digital assets, digital identity, or other interests or rights cannot be disclosed. The law will come into effect on July 1, 2023.
- The Hong Kong SAR government announced today that it has successfully issued HKD 80 million in tokenized green bonds under the Government Green Bond Programme. This is the world’s first tokenized green bond issued by a government.
- Bitcoin mining firm Iris Energy reported a net loss of $144 million for the second quarter of its 2023 fiscal year.
- The joint provisional liquidators appointed by the Bahamian court have stated that FTX transferred $7.7 billion in assets from the Bahamas to the United States before filing for bankruptcy last year.
- The South Korean Ministry of Science and ICT announced that it plans to invest $174 million this year to promote the development of the metaverse industry.