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Investment Firm Proof Group Eyes Revival of Bankrupt Crypto Exchange FTX
7.11.2023
Source: AdobeStock / Rafael Henrique Proof Group is one of three bidders eyeing a potential acquisition of the fallen crypto exchange FTX according to multiple sources familiar with the matter. The investment firm is already familiar with the crypto sector. As part of the Fahrenheit Consortium,...
Euro Stablecoin Startup StablR Secures €3.3 Million in Seed Funding
7.11.2023
Source: IQoncept / Adobe StablR, a euro stablecoin startup that began operating just over a year ago, has successfully raised €3.3 million ($3.5 million) in a seed funding round. The investment comes from a consortium of backers, including crypto derivatives exchange Deribit and venture firms Maven...
NIST establishes AI Safety Institute Consortium in response to Biden executive order
2.11.2023
Documentation from NIST states the consortium will adopt a “broad human-centered focus” with “specific policies.”
Deutsche Bank and Standard Chartered Venture into SWIFT Alternative for CBDCs
27.10.2023
Deutsche Bank and Standard Chartered’s venture arm SC Ventures are exploring a solution that aims to enable seamless communication between blockchain-based transactions, stablecoins, and central bank digital currencies (CBDCs). The two banks are actively testing the concept using...
Vaneck Pledges 10% of Ethereum ETF Profits to Fuel ETH Core Development
2.10.2023
On September 29, 2023, the asset management firm Vaneck unveiled an initiative to earmark 10% of its profits from its ethereum (ETH) exchange-traded fund (ETF) towards protocol development for at least ten years. This financial infusion will be given to the Protocol Guild, a consortium of over...
Coinbase Acquires Equity Stake in Circle; Companies Reshape USDC’s Future
22.8.2023
In a joint statement, Jeremy Allaire, CEO of Circle, and Brian Armstrong, CEO of Coinbase, announced the dissolution of the Centre Consortium. Consequently, Circle will take exclusive charge of the issuance and governance of USDC. Additionally, Coinbase has acquired an equity stake in Circle while...
Coinbase takes equity stake in Circle as USDC Centre Consortium shuts down
21.8.2023
Circle will take on full operational and governance responsibility after five years, thanks to increased regulatory clarity
Report: SEC on Cusp of Approving Ethereum Futures Amidst Crypto Market Rollercoaster
18.8.2023
The U.S. Securities and Exchange Commission (SEC) is said to be on the verge of greenlighting futures products tied to ethereum (ETH), as per a Bloomberg report. One insider privy to the development indicated that a handful could secure approval come October. Unnamed Sources Reveal SEC May Soon...
Hong Kong Virtual Assets Consortium launched with Huobi as first member
31.5.2023
The new consortium will provide ratings of digital asset trading platforms and cryptocurrency market indexes when it becomes operational
Fahrenheit Consortium Is Lead Bidder in Bankruptcy Auction for Celsius Assets
17.5.2023
The assets include a loan portfolio, mining rigs and infrastrsucture and cryptocurrency worth as much as $2 billion
Federated Learning Consortium (FLC) for Decentralized AI to Launch in Hong Kong, Led by Phoenix and APEX Technologies
23.2.2023
PRESS RELEASE. After over a year of preparation and restructuring, decentralized and privacy-enabled AI organization Federated Learning Consortium (FLC) is set to launch as a for-profit research consortium in Hong Kong, China, shifting from a previously non-profit approach. FLC is set to be led...
Binance Is Organizing a Consortium to Try to Rebuild Trust in Crypto: Source
8.2.2023
Several companies have already signed up to join, including other crypto exchanges and blockchain analytics firms, according to a person familiar with the plans
Largest Japanese Bank MUFG Projects to Offer Financial Services in Metaverse by 2023
9.11.2022
MUFG, the biggest bank in Japan, is projecting to offer financial services through the metaverse in 2023. The financial giant has partnered with ANA Holdings, a holdings consortium focused on air transportation companies, to be part of ANA’s Granwhale metaverse, and explore the possibility...
Japan’s largest mobile operator to establish Web3 consortium
8.11.2022
Partially owned by the state, NTT Docomo aims to to accelerate the Web3 adoption in the Japan
USDC’s Market Cap Sheds Close to $4 Billion in Less Than 20 Days, Binance’s BUSD Climbs 3%
17.10.2022
19 days ago, usd coin (USDC), the second largest stablecoin by market capitalization, had an overall valuation of around $48.82 billion and since then, it has continued to deflate down to today’s $44.93 billion. Statistics show that during the last three months, USDC’s market...
Crypto Exchange Kraken Backs Enterprise-Grade Liquid Staking Protocol
21.9.2022
On Tuesday, the liquid staking firm Alluvial revealed a consortium of organizations will collaborate on the “first enterprise-grade multi-chain liquid staking protocol.” Alluvial’s announcement detailed the protocol will be known as the “Liquid Collective” and...
Wazirx Plans to Delist 3 Stablecoins, Leftover Balances Will Be Auto-Converted to BUSD
20.9.2022
The crypto asset exchange Wazirx is following Binance’s move by delisting a number of stablecoins and automatically converting them to BUSD at a 1:1 ratio. Wazirx customers have until September 23 to withdraw their stablecoins if they don’t want the funds converted. Wazirx Plans...
Financial Heavyweights Citadel, Charles Schwab, Fidelity Confirm Cryptocurrency Exchange Launch
13.9.2022
A number of financial giants including Fidelity Investments, Citadel Securities, and Charles Schwab Corp. announced on Tuesday that the consortium of companies plans to launch a cryptocurrency exchange called EDX Markets. Reports note that firms like Paradigm, Sequoia Capital, and Virtu Financial...
Linux Launches Foundation to Bolster Open-Source, Multi-Purpose Crypto Wallets
13.9.2022
On Tuesday, the non-profit technology consortium, the Linux Foundation, announced the launch of the Openwallet Foundation (OWF) in order to bolster the development of open-source crypto wallets. OWF’s goal is to increase “interoperability for a wide range of wallet use cases”...
Circle CEO, Paxos, and Trueusd Speak on Binance’s Stablecoin Auto-Conversion Decision
7.9.2022
On September 5, Binance explained that it planned to drop a number of usdc trading pairs and auto-convert specific stablecoin balances into busd by September 29. While the move was controversial among crypto proponents on social media, Circle Financial CEO Jeremy Allaire explained that the change...