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DOJ Said to Probe Saber Labs Founders Over Solana-Based DeFi, Stablecoin Projects

11.1.2023
The federal investigation follows a CoinDesk exposé that showed Ian and Dylan Macalinao used a web of 11 pseudonymous identities to build an ecosystem of interlocking financial products around Saber

Cosmos-Based DeFi Protocol Quasar Raises $5.4M

11.1.2023
Venture capital firm Shima Capital led the round at a $70 million valuation

Abu Dhabi-based Venom Foundation launches $1B fund for Web3 and blockchain

11.1.2023
Venom Ventures Fund is allocating $1 billion to invest in Web3, blockchain and cryptocurrency projects and services

Solana-Based Bonk Inu NFTs Surge Tenfold After Mint, But Listing Attracts Criticism

11.1.2023
A certain feature on Magic Eden led to distraught among engaged community members

Tron’s USDD Stablecoin Experiences Fluctuations Again, Drops Below $1 Parity in Early 2023

11.1.2023
The Tron-based stablecoin USDD fell below $1 parity again during the first week of 2023 and on Jan. 10. Four days ago, the stablecoin dropped to $0.972 per unit and on Tuesday, Jan. 10, 2023, USDD slipped to $0.977 per unit. At the time of writing, the Tron-issued stablecoin is trading at 98 cents...

Bonk Inu to Mint NFTs on Solana-Based Marketplace Magic Eden. But There's a Catch

10.1.2023
A representative told CoinDesk that all BONK tokens used to mint the NFTs will be permanently burned

New York-based bank exits crypto after tumultuous year

9.1.2023
The Metropolitan Bank Holding Corp, the holding company for Metropolitan Commercial Bank, says it’s completely exiting its crypto-asset-related vertical

Report Claims U.S. Prosecutors Investigate Hedge Funds in Connection with Binance Dealings

8.1.2023
Federal prosecutors are reportedly investigating U.S.-based hedge funds that have dealt with the cryptocurrency exchange Binance, according to two people familiar with the matter. The hedge funds were allegedly issued subpoenas by the U.S. attorney’s office for the Western District...

Get gains with HedgeUp: The Ethereum-based investment token

5.1.2023
The trend of investing and securing passive income sources is rising. People try to convert their savings into assets as often as possible. However, many of these assets do not bear fruit or are just not exploited well. Primarily due to a need for more knowledge about investing techniques. In such...

SEC Pursues $45M Scam Based in Fake Blockchain Technology

5.1.2023
The U.S. Securities and Exchange Commission (SEC) accused alleged fraudster Neil Chandran and several others for orchestrating a scheme to get cash from tens of thousands of investors globally on the false promise that they were securing a lucrative deal to sell blockchain technology

Cake DeFi publishes Merkle tree-based Proof of Reserves

4.1.2023
According to Cake DeFi, users can now verify both assets and liabilities through their website

Square Enix to Deepen Its Blockchain Efforts in 2023

4.1.2023
Square Enix, the Japanese gaming giant, is preparing to announce more blockchain-based titles in 2023. As part of a now traditional new year’s letter issued by Yosuke Matsuda, CEO of the company, the executive announced some of the moves Square Enix will make regarding blockchain tech,...

Türkiye to use blockchain-based digital identity for online public services

2.1.2023
Shortly after the Turkish central bank completed the first CBDC tests, Türkiye announced a blockchain-based digital identity application

Valkyrie Reveals Intention to Sponsor Grayscale’s Bitcoin Trust as GBTC Discount to NAV Widens

1.1.2023
Valkyrie Investments, a Tennessee-based asset manager, has announced its intention to become the new sponsor of Grayscale’s Bitcoin Trust (GBTC). The company states that it is “uniquely qualified” for the role and plans to facilitate redemptions at net asset value (NAV) through...

NFT Sales Continue to Decline, With ETH-Based NFTs Seeing a 20% Drop in the Past Week

31.12.2022
Non-fungible token (NFT) sales over the last seven days are ending the year 13.97% lower than the week prior. During the last week, statistics show that $147,054,554 in NFT sales were recorded across 334,668 NFT buyers. NFT Sales Continue to Slip: 13.97% Decrease in Last Seven Days NFT sales...

BMW Partners With Coinweb to Develop Blockchain-Based Vehicle Financing Automation and Loyalty Program in Thailand

31.12.2022
BMW, the luxury car manufacturer, has partnered with Coinweb, a decentralized blockchain layer 2-based company, to introduce blockchain-based tools to its operations. The company will develop blockchain-based automation for vehicle financing processes, and also a rewards program for customers...

Gold-Based Digital Assets Issued in Russia

29.12.2022
A blockchain platform built by Russia’s largest banking institution, Sber, has been used to issue digital assets based on gold. The value of the tokenized precious metal will depend on the prices of physical gold, the bank said, emphasizing that the operation is a first. Russia’s Sber Bank Mints...