FinTech news in blockchain network category

Blockchain ecosystem Topl has raised $15 million in a Series A funding round to help companies track and monetize social impact initiatives.

We spoke to a dozen Chinese founders and investors to find out how this group is trying to build global web3 businesses while still keeping their roots in China and taking advantage of the home country’s abundant tech talent

Terraform Labs, the company behind the UST and Terra (LUNA) cryptocurrencies, halted the Terra blockchain Thursday following the Terra ecosystem meltdown this week, which caused its TerraUSD (UST) stablecoin token to crash, taking with it the rest of the cryptocurrency market. The halt means no new blocks are being generated on the blockchain network after its block height of 7603700, and holders can’t move their Terra assets until the blockchain is unfrozen.

Keep an eye on enterprising companies pushing into these areas – specifically collectibles – as a way to broaden the reach of crypto and blockchain in 2022.