Over the past few decades, individuals have begun to leave their home countries in search of work abroad. This has created the remittance industry — where these workers can send money home to their families. With the entrance of blockchain into everything, firms like Ripple Labs in San Francisco have...
New York-based tech giant IBM has doubled the number of employees on its technical steering committee (TSC) of Hyperledger, a multi-project open-source initiative supported by The Linux Foundation, and established to enhance cross-industry blockchain technologies. Six out of a total of 11 TSC members (for 2019-2020) work for IBM, according...
Summary: MakerDAO will tap digital bank Sygnum for its diversification effort. This comes after the community voted to deploy excess funds and non-yield-bearing assets from Maker’s treasury into external investment vehicles. Majority of the Maker community opted for a $500 million allocation with an 80-20 split between U.S. short-term Treasury...
Summary: Crypto lender BlockFi declared bankruptcy on Monday after exposure to FTX. The company had some 100,000 creditors and around $256 million in cash when chapter 11 was filed. FTX backed the lender with a $250 million loan following Three Arrows Capital exposure. Cryptocurrency lender BlockFi filed for chapter 11...
The United States Department of Justice has launched a criminal probe into the $372 million hack on FTX that was carried out last month following its bankruptcy filing.
Luxury watchmaker brand Rolex is now joining the growing NFT metaverse bandwagon by filing for trademarks related to cryptocurrencies, NFTs, and the Metaverse. Rolex Set To Explore NFTs And The Metaverse Michael Kondoudis, a leading trademark and patent attorney, took to Twitter to reveal new details concerning Rolex, the prestigious...
Galaxy Digital had earlier terminated its merger agreement with BitGo citing the platform’s inability to show audited financial statements of 2021. BitGo responded to the Galaxy’s decision to terminate the acquisition by stating that it’s suing Galaxy for its actions,followed by seeking $100 million in damages The deal was earlier...
Leading CeFi platform Celsius Network halts its withdrawals, swaps, and transfers citing extreme market conditions The native token of Celsius Network has crashed 50% and is currently sitting at $0.1855 Celsius Network, one of the leading crypto lenders of the DeFi sector, has decided to halt withdrawals, swaps, and transfers...
Binance’s CEO, Changpeng Zhao has shared how Twitter will play a crucial role in onboarding the web3 crypto-related services on the social media platform. In his interview with CNBC’s Squawk Box Show, CZ shared how Binance would like to support strong entrepreneurs like Musk and aid Twitter in embracing the...
Summary: Voyager Digital was granted court approval allowing the defunct crypto broker to sell off some of its assets. The deal was previously halted by an SEC inquiry. Binance US will splash a whopping $1 billion as payment to Voyager, per previous reports. The deal is still subject to a...
Bitcoin Satoshi’s Vision (BSV) was no doubt the crypto market’s flavor of the week last week. For those who missed the memo, the altcoin was at a point up around 250% on the week, outpacing effectively all other multi-billion-dollar assets on any market. This rally has allowed BSV to become...
Huawei Delves Into Blockchain: Report According to a report from Alice Crypto, a blockchain industry member seemingly based in China, that was shared by popular cryptocurrency content creator BoxMining, Huawei might be getting into this nascent technological class. Every company in China is jumping on the Blockchain Boat. Huawei Blockchain...
