Brad Garlinghouse, the CEO at American fintech Ripple Labs, is reportedly planning to make several strategic investments and acquisitions. A few deals are already being negotiated. This, after the San Francisco-based company released its Q2 2019 report, which revealed that Ripple had sold $251 million worth of its native digital...
Zipmex has finally been granted a three month creditor protection from the Singapore court Per a Bloomberg report, the court’s decision will be instrumental in guarding the firm against third-party lawsuits and claims, enabling the exchange to come up with a useful funding plan. Asian cryptocurrency exchange Zipmex was granted...
Konvoy Ventures has raised $150 million to back early stage gaming and Web3 firms. The company aims to bolster the gaming sector by supporting variety of gaming and web3 firms globally Konvoy Ventures, a gaming-focused venture capital firm has announced a special $150 million fund called Konvoy III dedicated toward...
XRP is up 11% in the last 24 hours Investors are now expecting positive regulatory news that may finally conclude the ongoing SEC vs Ripple case. XRP has soared 9%, drawing significant investor interest in the last 24 hours. The surging price action has been triggered by recent updates shared...
Huobi’s native stablecoin, HUSD, has depegged from its $1 value The token is down 60% in the last 24 hours. Huobi’s native stablecoin HUSD has plunged to new lows. According to Wu blockchain, the exchange’s stablecoin has depegged from its dollar parity and is down 60%, trading at $0.2971 HUSD...
The founders of the Friendsies NFT collection have pulled the rug. The rug pull comes less than a year after the project raised $5 million at an auction hosted by Christie’s on OpenSea.
Senator Elizabeth Warren has once again issued a statement calling for an aggressive regulatory stance towards the cryptocurrency industry. Warren took to Twitter to address the recent FTX debacle, further stating how she will continue to push the US Securities and Exchange Commission to establish proper laws and regulatory measures...
Summary: The MakerDAO proposal to earn yield from a Yearn Finance vault was backed by the governance community. Yearn Finance’s special investment vehicle or vault has a cap of $100 million. The USD Coin treasury allocation from Dai’s developer will earn a 2% annual yield if approved by an executive...
Spanish telecommunication firm Telefonica has enabled crypto payments for its users. The feature has been activated in collaboration with local cryptocurrency exchange Bit2Me. To embrace the growing crypto adoption in the world, Telefonica, known as the largest telecommunications company in Spain, will now be accepting payments in cryptocurrency for its...
In summary: The Compound (COMP) token has been listed on Coinbase and Binance in quick succession. The popularity and rise of the COMP token and Compound Finance have turned the spotlight to the DeFi industry. As a result, Poloniex has listed more DeFi tokens. Weiss Ratings believes DeFi is revolutionary...
Germany Skeptical of Libra & Crypto Many in the crypto community were shocked in June when Facebook unveiled the firms backing Libra — Visa, Mastercard, PayPal, Uber, Spotify, Coinbase, Xapo, and countless other pro-innovation companies and investors. With so many prominent partners, isn’t it guaranteed that the cryptocurrency will succeed?...
London-based social trading platform eToro introduced a new programming language that makes it easier to engage in derivatives trading. Omri Ross, chief blockchain scientist at eToro, explained that the language, called Lira, will significantly lower the risk involved in finalizing financial contracts. Ross, whose comments came ahead of the Ethereal...
