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Grayscale Revealed as Second-Largest BTC Entity by Arkham Intelligence
7.9.2023
In a September 6 thread on X, Arkham Intelligence, an on-chain analytics platform, asserted that Grayscale is the second-largest BTC entity worldwide with over 1,750 wallet addresses associated with the holdings of Grayscale Bitcoin Trust (GBTC).
Although each wallet contains less than 1,000...
EU Commissioner Wants Digital Euro Project To Be Approached After Next European Commission In 2024
7.9.2023
Mairead McGuinness, European Commissioner for Financial Stability, Financial Services and the Capital Markets Union says that the digital euro should not be rushed until the next Commission's parliamentary election.
Speaking at a think tank in Brussels on Sept 6, she stressed that a “slow...
Coinbase and Framework Ventures invest $5 million in Socket!
7.9.2023
The prominent digital currency trading platform Coinbase, which also has a division for venture capital, is collaborating with the reputable blockchain company Socket. The primary objective of this partnership is to enhance the cross-chain capabilities of Coinbase’s flagship products, Base...
Google Updates Crypto Ads Policy, Clarifies Rules for Blockchain Games
7.9.2023
Search engine behemoth Google has revised its advertisement policy on cryptos, allowing blockchain-based non-fungible token (NFT) ads, as long as they adhere to ad requirements and do not advocate gambling-related content....
Read More: Google Updates Crypto Ads Policy, Clarifies Rules...
Nigerian Blockchain Association Knocks Central Bank Over Failure To Implement A Crypto Strategy
7.9.2023
A group of Nigerian blockchain experts have criticized the nation's Central Bank for its decision to prohibit the use of cryptocurrencies in 2021.
At the recent Stakeholders in Blockchain Technology Association of Nigeria (SIBAN) Digital Assets Summit 2023 in the nation's capital, experts...
Genesis Sues Parent Firm DCG Over $600 Million Loan Repayment
7.9.2023
Genesis Global Capital (GGC), a subsidiary of Digital Currency Group (DCG) based in New York, has initiated two lawsuits against DCG and its international arm, DCGI, aiming to secure the repayment of loans totaling $600 million.
Genesis, which declared bankruptcy in January this year following...
Russia: Illegal Crypto Miner ‘Stole $225,000 From Grid’
7.9.2023
An illegal crypto miner in Russia caused “considerable damage” to a local grid and stole around $225,000 worth of electricity, a power provider has claimed.
Per the Russian legal publication Pravo, the miner allegedly siphoned off electricity from the grid in Yuzhno-Sakhalinsk, in the Sakhalin...
Ex Celsius CEO Mashinsky Assets Frozen by Court – Here's the Latest
7.9.2023
A federal court has ordered assets and bank accounts belonging to Alex Mashinsky, the former CEO of bankrupt crypto lender Celsius to be frozen.
A court filing on Sept 5 revealed that a judge in the Southern District of New York signed off the request to freeze Mashinksy's assets as the criminal...
Government Websites Hacked by MetaMask Scammers to Target Crypto Investors
7.9.2023
Multiple government-owned websites are being leveraged by crypto scammers to con visitors with fake redirection links related to the popular crypto wallet, MetaMask....
Read More: Government Websites Hacked by MetaMask Scammers to Target Crypto Investors
80% of South Koreans Consider Crypto a Form of Gambling, Survey Finds
7.9.2023
A South Korean survey has found that 80% of citizens think crypto is a form of “gambling,” while many expressed fears about the dangers of rug-pulls and token price manipulation.
The survey was conducted by the newspaper Segye Ilbo, in conjunction with the research firm Embrain.
The survey...
Crypto Market-Making Profit Margins Take a Hit, Down 30% Amid Industry Changes
6.9.2023
The once-lucrative business of market-making in crypto, facilitating trades and profiting from the spread between buying and selling prices, has faced headwinds recently.
One major factor contributing to this decline is the heightened caution among investors following the crypto market's downturn...
Lido DAO Receives Request for $1.5 Million Funding to Expand Solana Liquid Staking
6.9.2023
A group known as the P2P team has requested $1.5 million in funding from the popular staking provider Lido DAO to further develop Lido’s staking service for the Solana (SOL) network.
The request from the P2P team was published as a proposal on Lido DAO’s governance forum, with the team saying...
Japan’s SBI Group and Ripple Join to Provide International Remittance Services in Three Countries
6.9.2023
SBI Remit, a subsidiary of Japanese financial conglomerate SBI Group, has partnered with SBI Ripple Asia to introduce Ripple’s XRP-enabled international remittance solution to bank accounts in the Philippines, Vietnam and Indonesia.
The company’s expansion to Southeast Asian markets aims...
Binance Eastern Europe VP and Other Execs Announce Departure as Exchange Mulls Russian Exit
6.9.2023
Binance Eastern Europe Vice President Gleb Kostarev and CIS Manager Vladimir Smerkis have announced their departure from the company as the exchange considers a possible exit from Russia.
Both executives resigned amid regulatory hurdles posed by global sanctions on Russia following the country’s...
Coinbase Increases and Extends Bond Buyback Program with Enhanced Terms – Here's What You Need to Know
6.9.2023
On September 5 Coinbase revealed that it would expand its bond buyback program from $150 million to $180 million. This adjustment comes as the company strives to repurchase more of its 3.625% senior notes due in 2031.
The offer is slated to close on September 18 at 11:59 pm Eastern Time...
Russian Lawmaker Backs CBDC To Displace Private Banking Sector
6.9.2023
Russia’s Central Bank Digital Currency (CBDC) the digital ruble continues to garner steam with positive pronouncements on use cases made by financial regulators in the country.
The head of the State Duma financial committee Anatoly Aksakov has said that as the digital ruble's adoption grows...
Sports Platform Sorare Unveils 3D Digital Football Player Cards with AR Integration, Launches Virtual Treasure Hunt
6.9.2023
Non-fungible token (NFT)-based fantasy game and marketplace Sorare has announced its 3D digital football player cards with integrated augmented reality (AR) capabilities.
The 2023–24 Sorare Football season will see the inaugural launch of the 3D digital player cards across the Sorare Football...
BCW Group takes over hashgraph.name domain service
6.9.2023
The BCW Group has taken over the hashgraph.name domain service and will initiate total business and technical functions related to the platform. BCW is a venture studio and business solution company. Its expertise lies in creating the central framework and decentralized services throughout Web3....
Blockchain Startup Story Protocol Secures $54 Million Funding Led by Andreessen Horowitz
6.9.2023
Story Protocol, a startup that uses blockchain tech to track intellectual property (IP), has secured more than $54 million in funding driven by venture capital giant Andreessen Horowitz (a16z) crypto....
Read More: Blockchain Startup Story Protocol Secures $54 Million Funding Led by Andreessen...
Coinbase Launches New Crypto Lending Service For Institutional US Clients
6.9.2023
Coinbase (COIN) has unveiled a new crypto-lending service specifically designed for institutional clients in the United States. This move comes as Coinbase aims to fill the void left by the setbacks experienced by firms like Genesis and BlockFi.
Coinbase's crypto lending program was announced...