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Crypto-friendly bank ends loans backed by crypto mining rigs
1.2.2023
After a bullish 2021 crypto miners sought out loans to allow them to expand, a move which has since backfired following difficult market conditions in 2022
Bill Gates Props Up AI Against Metaverse and Web3 Tech
14.1.2023
Bill Gates, the co-founder of Microsoft, has given his opinion about the relevance of Web3, metaverse, and AI (artificial intelligence), a set of technologies in development today. Gates stated that AI was “the big” revolutionary technology that is comparable to what the internet was...
World Economic Forum Says Crypto and Blockchain Technologies Will Continue to be an "Integral" Part of Modern Economy
2.1.2023
The World Economic Forum (WEF) believes the technology underpinning cryptocurrencies and digital assets will continue to be an "integral" part of the modern economy.
In a Monday blog post, the international organization talked about what the future holds for the crypto industry. The...
SBF borrowed $546M from Alameda to fund Robinhood share purchase
28.12.2022
An affidavit by the FTX founder revealed Alameda funded the purchase of Robinhood shares which were later used as collateral for Alameda to secure a loan from BlockFi
SEC Charges Gig Economy Platform for $2.6 Million Unregistered Coin Offering
26.12.2022
The U.S. Securities and Exchange Commission (SEC) has charged Thor Technologies and its co-founders with conducting an unregistered securities offering. In 2018, the company minted and sold tokens to raise funds for its ‘gig economy platform,’ the development of which had not even started at...
How Ukraine Became a Crypto Innovation Hub – Alex Bornyakov, Deputy Minister of Digital Transformation
14.12.2022
Alex Bornyakov is the Deputy Minister of Digital Transformation of Ukraine. He recently joined the Bitcoin.com News Podcast to talk about how the country is using cutting edge technologies such as cryptocurrencies, NFTs and web3 in face of the dreadful challenges of war. Among the topics discussed...
Bitcoin Miner Terawulf Raises $10M in Fresh Capital to Pay Down Debt, Restructures Deal With Bitmain
13.12.2022
On Monday, Dec. 12, 2022, the Maryland-based bitcoin mining company Terawulf announced that the firm has raised $10 million in capital to pay down debts. The firm also said that it restructured a deal with Bitmain which will enable the company’s self-mining capacity to expand and fully...
BlockFi sues FTX's Bankman-Fried over shares in Robinhood
29.11.2022
BlockFi is demanding Bankman-Fried’s investment company turn over its shares in Robinhood as collateral it agreed to pay as part of a pledge agreement
Latam Still Unprepared to Deal With Crypto Crime and Scams, According to GFI Report
26.11.2022
Latam is still unprepared to deal with cryptocurrency-related crimes and scam situations, according to a recent report issued by Global Financial Integrity (GFI), a Washington DC-based think tank. The document states that crypto regulation has failed to grow with the adoption of these...
Report: Crypto Financial Services Firm Matrixport Seeks $100 Million in Funding
25.11.2022
Crypto firm Matrixport Technologies is reportedly seeking $100 million in funding, according to people familiar with the matter. Sources detailed that the company already secured commitments from investors for roughly $50 million, which would give Matrixport a post-valuation of $1.5 billion....
Huobi Global Rebrands as Huobi, Introduces New Strategy
22.11.2022
Huobi will endeavour to bring value to its business and provide secure and professional services to its users as it rebrands. Various technologies and resources will also be integrated into Huobi’s global public chain ecosystem, including the technology and resources offered by the HECO and TRON...
Big Four Company KPMG to Examine New Business Models in the Metaverse
19.11.2022
KPMG, one of the “big four” companies in the consulting and auditing business, is appointing a new head of metaverse futures. The new position, to be occupied by Alyse Sue, will be dedicated to the implementation of technologies such as metaverse and crypto to find fresh business models...
Climate Chain Coalition releases report on blockchain and emerging technologies at COP 27
11.11.2022
Cointelegraph is a member of the network of organizations committed to using blockchain technology for climate action
7 Startups Join Mastercard Program to Make Cryptocurrency More Accessible
5.11.2022
Payments giant Mastercard has added seven startups to its Start Path program to make cryptocurrencies more accessible. “We’re welcoming a new cohort of startups to ease access to digital assets, build communities for creators and empower people to innovate for the future through Web3...
Chinese Government Releases VR Research Plan Including Metaverse and Odor Simulation
4.11.2022
The Chinese government has presented a plan of action regarding the inclusion of virtual reality (VR) and augmented reality (AR) in the lives of the Chinese people. The plan contemplates research of several technologies, including the development of an open metaverse platform for its citizens...
Thailand and Hungary Partner to Promote Blockchain Tech in Financial Sector
30.10.2022
Industry associations from Hungary and Thailand plan to cooperate on implementing blockchain technologies in the financial services sector. The two sides hope to share experience and produce ideas for alternative services as part of their new partnership. Thailand and Hungary Announce Blockchain...
US Charges Russians, Venezuelans for Sanctions Evasion Using Cryptocurrency
20.10.2022
A group of Russian and Venezuelan nationals have been charged by U.S. authorities for their roles in a scheme to circumvent Western sanctions and launder money on a global scale. They have been accused of obtaining military technologies from American companies, smuggling oil, and disguising money...
Ericsson: 5G Tech a Gateway to the Metaverse
18.10.2022
Ericsson, the Swedish telecom hardware and services company, has linked the use of new technologies, such as 5G, with the use of metaverse platforms. According to a study, users that have 5G data services have been spending more time in the metaverse and extended reality apps, and believe these...
Ripple wants to bring Ethereum smart contracts to the XRP Ledger
18.10.2022
The EVM-compatible XRP Ledger sidechain is set to undergo its second phase in early 2023 — which will make the chain permissionless and improve scalability
Ripple and Peersyst Devs Push XRP Toward Ethereum Compatibility With First Phase of an EVM Sidechain
17.10.2022
According to an announcement from Ripple’s core development team Ripplex, developers have introduced the first step toward Ethereum Virtual Machine (EVM) compatibility with the XRP-based sidechain XRPL. The XRPL is now live on Devnet and developers can “assess available...