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Google Cloud To Enter Blockchain Node World with New Service
28.10.2022
Tech giant Google is increasing its exposure to digital assets and blockchain through the kicking off of a new solution, Blockchain Node Engine. In a statement, the company calls the solution “a fully managed node-hosting for web3 development” that will allow developers build and deploy...
Blockchain.com Seeks New Funding at $4 Billion Valuation – 70% Decline From Previous Round
28.10.2022
Major crypto company Blockchain.com is allegedly in talks over down-round fundraising that could see its valuation slashed by more than 70%.
The crypto exchange reportedly aims to raise funds at a fraction of the $14 billion valuation it achieved earlier this year, Bloomberg reported Thursday...
Sam Bankman-Fried of FTX Announces Plans to Launch Stablecoin
28.10.2022
FTX CEO Sam Bankman-Fried has confirmed that the crypto platform is working on launching its own stablecoin.
In an interview with The Big Whale, Bankman-Fried said "it is very likely" FTX will launch a stablecoin, joining most other major exchanges in having launched a crypto token whose value...
UAE Central Bank Completes First CBDC Payment Transaction
27.10.2022
The Central Bank of the United Arab Emirates (CBUAE) has announced it has finalized mBridge, the world's largest pilot of central bank digital currency (CBDC) transactions in cooperation with the Digital Currency Institute of the People's Bank of China, its Chinese counterpart. Other partners...
Andreessen Horowitz Flagship Crypto Fund Down 40% This Year
27.10.2022
Venture giant Andreessen Horowitz’s (a16z) flagship crypto fund has fallen 40% in the first half of this year alone, after it was set up as the crypto market peaked, according to a new report.
The 40% fall for the crypto-focused venture fund is much larger than the 10% to 20% drops seen in other...
Are the big fundraising efforts of blockchain platforms gone?
27.10.2022
A bearish crypto market will affect the broader investment sentiment. Not just for coin prices and risk appetite, VC funding, and other fundraising efforts. Interestingly, several projects continue to grow strongly during these challenging times. Bear Market And Fundraising in 2022 It...
Billionaire Arthur Hayes Says Bull Market Will Return When This Happens
27.10.2022
Arthur Hayes, a prominent American banker, entrepreneur, and former CEO of crypto derivatives giant BitMEX, has speculated that the next crypto bull run will kick off when China eases its stance toward the crypto market. ...
Read More: Billionaire Arthur Hayes Says Bull Market Will Return When This...
CME partners with CryptoQuant to provide on-chain data
27.10.2022
Financial institutions and hedge funds will now be able to access on-chain cryptocurrency data via the CME Group Datamine service provided directly by CryptoQuant. The partnership, which dates back to July 2022, makes CryptoQuant to first and only on-chain data provider for CME. CME Group is...
UK Parliament Votes to Recognize Crypto – Will Britain Become a Crypto Hub?
27.10.2022
Lawmakers from the House of Commons, the lower chamber of the British parliament, have voted to recognize cryptocurrencies as a regulated financial instrument in the UK, supporting the crypto’s price increase. The move could mark another step towards establishing the UK as a European crypto...
Binance Oracle is all set to enhance the BNB ecosystem
27.10.2022
Binance’s creation, the Binance Oracles, is prepared and has been effectively positioned for a grand launching exercise. However, as per the feelers sent out by the professional and expert team at Binance, the Binance Oracle has been created to provide a far better data-sourcing solution. However...
Stablecoin Issuer Circle Bullish on European Union After Crypto Asset Law Proposal
27.10.2022
The US-based stablecoin issuer Circle is turning bullish on the crypto industry in European Union (EU), calling the Markets in Crypto Assets (MiCA) law “a regulated path for stablecoins in Europe.”
Speaking at the Blockchain for Europe Summit in Brussels, Belgium on Tuesday, Patrick Hansen...
Western Union Planning to Launch a Crypto Token? – Here’s What You Need to Know
26.10.2022
Western Union has filed three trademark applications associated with digital assets, suggesting that the international money transfer company might be preparing to offer crypto-related services.
In a Tuesday tweet, trademark attorney Mike Kondoudis said that the three trademarks cover various...
Israel Stock Exchange to Create Crypto Platform Citing ‘Window of Opportunity'
25.10.2022
In a bid to expand the Israeli economy’s exposure to cryptocurrencies, the Tel-Aviv Stock Exchange (TASE) has released its new strategic plan for the years 2023-2027 which foresees the creation of a new platform for digital assets.
Under the plan, "TASE will promote the implementation...
Apple Reveals New App Store Rules for Cryptocurrencies and NFTs
25.10.2022
Apple has updated its App Store Review Guidelines with more rules for crypto assets and non-fungible tokens (NFTs).
According to updates published on Monday, the tech giant has no problem with crypto exchanges or any other applications that allow the trading of digital tokens and currencies, given...
Japanese Credit Card Giant JCB Begins CBDC Pilot in Tokyo
25.10.2022
The Japanese credit card giant JCB is set to begin a central bank digital currency (CBDC) pilot that will intentionally make use of technology similar to that used by the central Bank of Japan in its own digital yen experiments....
Read More: Japanese Credit Card Giant JCB Begins CBDC Pilot in Tokyo
Kraken Crypto Exchange Terminates Accounts of Russian Users
24.10.2022
In a bid to comply with the European Union’s sanctions on Russia, major crypto exchange Kraken has unveiled its move to restrict and eventually shut down services for Russian accounts. The latest development follows the adoption of new Brussels-led penalties in response to Moscow’s continued...
Ripple Lead Engineer Leaves After 10 Years at the Firm – What's Going On?
24.10.2022
Software engineer and cryptographer Nik Bougalis has announced that he is leaving Ripple after nearly 10 years at the firm.
Joined a growing list of crypto leaders who are leaving their executive roles in the industry amid the ongoing crypto crash, Bougalis said in a Saturday tweet that his role...
Bankruptcy Court Approves FTX Purchase Agreement for Voyager Assets
24.10.2022
Major crypto exchange FTX has secured the approval of a U.S. bankruptcy court to take over the assets of troubled crypto platform Voyager Digital.
In a statement, the platform said the U.S. Bankruptcy Court for the Southern District of New York decided to approve Voyager Digital’s “entry into...
New Report: Web3 Can Add $1.1 Trillion to India GDP
24.10.2022
The Web3 industry can add as much as $1.1 trillion to India’s GDP by 2032, a new report from the Indian tech industry association Nasscom has shown.
The massive value-add to the economy will come as India continues on its path as a leading global player for Web3, both on the development...
Crypto Lawyer John Deaton Praises XRP Holders For Efforts During Ripple Lawsuit – Find Out What He Said
24.10.2022
John Deaton, crypto lawyer and founder of legal and regulatory digital asset news company CryptoLaw, has praised XRP holders for their support in the ongoing Ripple lawsuit.
In a Saturday tweet, Deaton mentioned that 3,000 XRP holders' affidavits have been submitted by Ripple. He said that this...