June 20 (Cointime) - Chiliz, the cryptocurrency, has recently bounced back after a period of bearish activity. This comes at a time when CHZ bulls need a good reason to invest, and the announcement that CHZ has been whitelisted by the Indonesian government could boost investor confidence.

Ankr, a provider of Web3 infrastructure, has announced a new development in its partnership with blockchain pioneer Chiliz. The two companies will work together to power Web3 use cases in sports and entertainment. Ankr will serve as the primary RPC provider for the Chiliz chain, with public and premium endpoints available on its RPC platform. Additionally, Ankr will join the Chiliz Chain as a node validator, running two validator nodes.

Chiliz (CHZ) has experienced a 4% drop in trading today, in line with the wider crypto market cap which has fallen by 0.57% in the last 24 hours. Despite this, CHZ's trading volume has increased by 39%, which could have an impact on its price in the near future. CHZ has been experiencing extreme price volatility, with a peak of $0.1577 on February 8, before dropping to $0.1075 today. The asset is currently in a downtrend momentum, with its Relative Strength Index (RSI) firmly in the oversold region below 30, indicating that bears are in control of its price movement.

Cathie Wood's Ark Investment has raised more than $16 million for two new private crypto funds as digital assets resume rally despite increasing regulatory pressure.

Chiliz, the sports blockchain, has announced a strategic investment in MatchWornShirt, (MWS), the home of match-worn and signed sporting memorabilia. Chiliz will receive a 20% stake as part of the investment.

Blockchain-based fan token platform Chiliz has launched a $50 million incubator and accelerator program to fund early-stage projects in the sports and entertainment industries that use the Chiliz blockchain. 

Chiliz Labs, backed by Jump Crypto, will assist promising and innovative blockchain startups in utilizing the Chiliz blockchain for sports and entertainment.

Chiliz, a blockchain-based sports token platform, is starting a $50 million incubator program called Chiliz Labs to target early stage projects in sports and entertainment. The program is backed by Jump Crypto, the investment arm of Chicago-based market maker Jump Trading.

Chiliz, the global blockchain leader for Web3 sports and entertainment, is pleased to announce the launch of its $50M USD incubator and accelerator programme Chiliz Labs.

On 8 February, Chiliz [CHZ] announced that its recently launched chain 2.0 had produced its first block. According to the tweet shared by its CEO Alexandre Dreyfus, the event occurred at exactly 8:08 am UTC.