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Bitmain Halts Employee Salaries Amid Financial Woes, Report
11.10.2023
Mining hardware manufacturer Bitmain has temporarily suspended salary payments to its employees, a media report has revealed. News of the move comes along with information suggesting that the crypto giant is experiencing financial difficulties with poor results from its operations. Antminer Maker...
Binance Announces UK Domain Compliant With New Crypto Promotion Rules
7.10.2023
Crypto trading giant Binance has launched a new domain for U.K. customers under Britain’s updated regulations for financial promotions. The exchange will offer retail users in the country only those products and services that comply with the latest rules for crypto marketing. Binance Marketing...
Japan's Largest Crypto Exchange Operator Monex Seals Deal with Telecoms Giant NTT Docomo
6.10.2023
Japanese mobile operator NTT Docomo said Wednesday that it formed a capital partnership with crypto exchange Monex to build new asset formation services for customers.
The capital and business alliance agreement would let both parties establish an intermediate holding company on January 4, 2024....
South Korean Gaming Giant Netmarble Affiliate to List Coin on Japanese Exchange
5.10.2023
The South Korean video games giant Netmarble has made a blockchain gaming breakthrough with its subsidiary’s coin set to be listed on the Japanese crypto exchange Zaif.
Per Yonhap, the coin, MarbleX’s MBX, will be listed on the platform on October 11.
MarbleX is Netmarble’s blockchain gaming arm....
Crypto Long & Short: A Giant Awakens
4.10.2023
CoinDesk’s Amitoj Singh interviews a senior executive at DBS, the Singapore-based bank moving into digital assets
Paypal Selects Crypto.com as ‘Preferred Exchange’ for PYUSD Stablecoin
30.9.2023
Paypal has chosen Crypto.com as the “preferred exchange” for its recently launched stablecoin issued by the blockchain company Paxos. The partnership with the trading platform seeks to prop the U.S. dollar-pegged cryptocurrency which has already listed the coin and provides liquidity for...
Chinese Tech Giant Tencent Joins CBDC Interoperability Pilot
28.9.2023
China’s Tencent, the operator of the WeChat and WeChat Pay platforms, will join central bank-led digital yuan and CBDC interoperability pilots.
WeChatPay, along with its rival Alipay, has cornered some 15% of the Chinese payments market.
But in recent years, Tencent has moved to align with...
Binance Market Share Continues to Fall As Crypto Giant Loses Ground to Rivals
27.9.2023
Binance, the world's largest cryptocurrency exchange, has seen a sharp drop in market share among non-dollar crypto exchanges.
According to data by The Block, Binance's market share among a group of exchanges that includes major Asian players like Upbit, Huobi, Bybit, and OKX hit 54% in August...
Why Binance and Banking Giant MUFG Want to Issue Stablecoins in Japan
26.9.2023
Binance Japan and Mitsubishi UFJ bank want to help with the country's Web3 ambitions by issuing stablecoins
BBB Warns of Rising Crypto Scams on Tiktok — ‘They May Resort to Scare Tactics’
26.9.2023
The U.S. Better Business Bureau (BBB) has issued a warning about a surge in “money-flipping” crypto investment scams on Tiktok. “They may ask for fees several times,” the BBB cautioned, adding that if you question them, “they may resort to scare tactics, telling...
Label Foundation Joins Hands with LG Electronics for ‘Tracks’ Music Streaming Service
25.9.2023
PRESS RELEASE. The Label Foundation recently announced an agreement with global electronics giant, LG Electronics, to launch ‘Tracks’, an innovative Web3 music streaming platform, which will be soon available on the latest version of LG Smart TVs. Positioning itself as a leading Life...
China to build giant AI chip factory to bypass US sanctions: Report
25.9.2023
Chinese scientists are reportedly looking into constructing massive facilities to locally manufacture technology necessary to create AI semiconductor chips
South Korean Entertainment Giant Dreamus Embraces NFTs for K-Pop Tickets
23.9.2023
South Korean entertainment and events company Dreamus, a subsidiary of SK Planet, is breaking into blockchain by offering NFT ticketing services through its parent company’s rewards app.
The app lets fans purchase tickets for various events, including K-pop concerts and other shows, in the form...
Every Change In Baldur's Gate 3's Third Giant Update
22.9.2023
Baldur’s Gate 3 continues to evolve. The hit fantasy RPG received its much-anticipated and sprawling Patch 3 update today, which brings Mac support, a Magic Mirror feature to redesign your player character’s appearance, and an overwhelming number of bug fixes and tweaks. Read more
Nomura’s Laser Digital Launches ‘Bitcoin Adoption Fund’ for Institutional Investors
21.9.2023
Financial giant Nomura’s digital assets subsidiary, Laser Digital, has announced the launch of its Bitcoin Adoption Fund to provide “long-only exposure to bitcoin whilst being one of the most cost-effective and secure investment solutions.” Laser Digital’s Bitcoin Adoption Fund...
Ex-Deutsche Bank Investment Banker Faces Up to 30 Years in Prison for Crypto Fraud
21.9.2023
A registered broker and former investment banker with financial giant Deutsche Bank has pleaded guilty to defrauding investors into a fraudulent crypto fund. He is facing up to 30 years in prison and will be required to pay restitution of more than $1.5 million, according to the U.S. Justice...
Paypal Launches US Dollar-Denominated Stablecoin PYUSD on Venmo
20.9.2023
On Wednesday, the payment giant Paypal announced that the stablecoin PYUSD is now available on Venmo. Paypal detailed that the stablecoin asset will be available to select Venmo users and fully roll out for all users “in the coming weeks.” Paypal Stablecoin PYUSD Makes Its Way to Venmo...
Citigroup Unveils Citi Token Services for Cash Management and Trade Finance
20.9.2023
Citigroup has announced the creation and piloting of Citi Token Services for cash management and trade finance. “Citi Token Services will integrate tokenized deposits and smart contracts into Citi’s global network, upgrading core cash management and trade finance capabilities,”...
Plus: next week goes giant with Party Animals, Lies Of P, Payday 3!
15.9.2023
Also: some new conversion arrows, console charts & more
Paypal Offers More Crypto Payment Options for Web3 Merchants in US
13.9.2023
Payment processor Paypal announced it’s introducing on- and off-ramps to facilitate crypto payments for Web3 platforms. Once integrated, merchants in the sector will be able to employ them to expand their user base by connecting to Paypal’s payments system. Paypal Launches On-...