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Community-Driven Blockchain Platform Parex Raises US$ 6․5 Million
15.5.2023
PRESS RELEASE. Parex has successfully developed a community-driven DAO ecosystem through its ParexChain, Parex Wallet, RaccoonSwap, Exchange, and other decentralized applications. The company has secured US$ 6.5 million in a new investment round. The funding was provided by DWF Labs that invested...
LG Electronics Pursues Patent for TV with Built-in NFT Trading Features – How Does it Work?
15.5.2023
LG Electronics' filing for a blockchain-based smart TV was recently published by the World Intellectual Property Organization (WIPO).
Notably, the company applied for the patent in November 2021. But WIPO’s documentation mandates an 18-month waiting period before such publications implying that...
G-7 Unpacks Crypto Regulation and CBDCs in Latest Meeting
15.5.2023
Finance ministers representing some of the world’s seven most influential economies discussed their commitment to regulating crypto-assets and exploring central bank digital currencies during a Saturday meeting in Japan.
The Group of Seven, or G-7, called for regulation, monitoring and oversight...
Today in Crypto: Samsung Reportedly Partners with Bank of Korea on Offline CBDC Payments, G7 Discussing Crypto, China to Train 500,000 Blockchain Professionals
15.5.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Samsung Reportedly Partners with Bank of Korea on Offline CBDC Payments, G7 Discussing Crypto, China...
Microsoft, Goldman Sachs, and Others Back Canton Network, a New Financial Blockchain – Here's What You Need to Know
15.5.2023
A number of prominent technology and digital asset firms have expressed support for Canton Network, a new blockchain seeking to streamline financial markets through the use of Web3 technology.
In a recent press release, the platform called Microsoft, Capgemini, Deloitte, IntellectEU, and Umbrage...
Teku and Prysm deploy fixes to prevent the attestation flooding
15.5.2023
Ethereum recently informed users about the beacon chain experiencing finality issues. The backbone of Ethereum’s PoS mechanism encountered the issues on May 11 and 12. While end users were able to conduct transactions like usual, the issue affected client implementations. Although the network...
NFT Sales Surge 31% This Week as Bitcoin NFTs Secure Second Place in Blockchain Sales
14.5.2023
Non-fungible token (NFT) sales witnessed a minor rise last week, registering a humble increase of around 1.46% compared to the preceding week. The cumulative value of NFT sales amounted to $149.31 million from April 29 to May 6, 2023. Nevertheless, the most recent week exceeded anticipations,...
‘The Future of Digital Payments Lies in Web3 Payment Services’ Says Robert Miller of Fuse
14.5.2023
Despite not being mainstream payment solutions yet, cryptocurrency-based payments (also known as Web3 payments) already bring benefits such as lower transaction fees, Robert Miller, the vice president of growth at Fuse, a layer 1, EVM-compatible blockchain for launching dapps, has asserted....
IRS, Chainalysis Helping Ukraine Track Russians Using Crypto to Evade Sanctions
14.5.2023
The U.S. Internal Revenue Service (IRS) said it’s working closely with Ukraine to help it trace crypto transactions of Russian sanctions evaders. The agency is providing the Ukrainians access to a Chainalysis tool as well as specialized training to Ukrainian law enforcement. IRS Offers Ukraine...
BTC miner Rhodium faces lawsuit over an alleged $26M in unpaid fees: Report
14.5.2023
Crypto mining firm Riot Platforms seeks to terminate “certain hosting agreements” with Rhodium and requests exemption from any owed power credits to the counterparty
Ethereum Patch Set to Fix Transaction Finality Challenges After Second Bout Disrupts Network
13.5.2023
On Friday, Ethereum’s Beacon chain encountered yet another bout of transaction finality challenges, reminiscent of the glitch experienced on May 11, 2023. For over an hour, the blockchain stopped the process of finalizing blocks. However, Superphiz, an Ethereum developer, emphasized that...
CBDCs Banned in Florida as Governor Ron DeSantis Signs New Bill
13.5.2023
Florida Governor Ron DeSantis has signed a new bill banning central bank digital currencies (CBDCs) in the state.
The bill, dubbed SB-7054, bans the use of a CBDC as money within the state of Florida. It also prohibits the use of CBDCs issued by other governments and calls on other states to...
Crypto Biz: Ripple’s expensive battle, Bittrex bankruptcy and a new blockchain network
13.5.2023
This week’s Crypto Biz explores Arbitrum’s latest proposal, Ripple’s two-year battle with the SEC and a large corporations’ coalition to build blockchain solutions for institutional investors
Ethereum Network Recovers after Two Consecutive Performance Issues Reported in 24 Hours
13.5.2023
The Ethereum network has recovered after suffering from two performance issues in the past 24 hours that resulted in blocks not being finalized.
In a Friday tweet, pseudonymous Ethereum developer Terence.eth revealed that the network has resumed finalizing blocks, adding that clients,...
Sleeping Bitcoin Wallet Awakens: $3.7M Worth of BTC Suddenly Moves After Close to 12 Years of Dormancy
13.5.2023
On May 11, 2023, a long-inactive bitcoin wallet sprang to life and transferred a substantial 139.7 bitcoin worth $3.7 million. The address, established on June 19, 2011, has contributed to the year’s total of 1,125.37 bitcoin moved from dormant 2010 and 2011 wallets. 139.7 Bitcoin Worth $3.7...
US SEC’s Hester Peirce Says European Regulation MiCA Could Serve as a “Model” for the US
12.5.2023
Republican leader at the US Securities and Exchange Commission said Europe’s legislation to regulate cryptocurrency could be a model as the country grapples with how to write rules for the industry.
SEC Commissioner Hester Peirce, also nicknamed “Crypto Mom,” spoke at a Financial Times live event...
Binance Says Farewell to Canada Following New Guidance Implementing Restrictions on Exchanges
12.5.2023
Binance is pulling out of Canada.
The world’s largest crypto exchange said on Twitter that it was withdrawing from the country due to new guidance about stablecoins and limits to investors.
“We put off this decision as long as we could to explore other reasonable avenues to protect our Canadian...
Bitcoin Miner Riot Sues Peer Rhodium Enterprises for Alleged $26M in Unpaid Fees
12.5.2023
Participation in demand response programs in Texas are at the core of a disagreement between the two mining firms
Former Lawmakers Join Coinbase’s New Global Advisory Council
12.5.2023
Former US lawmakers Patrick Toomey, R-Pa., Tim Ryan, D-Ohio., and Patrick Maloney, D-N.Y will join Coinbase’s newly launched Global Advisory Council to guide its leadership team.
“The creation of the Advisory Council is a significant step for Coinbase as we navigate an increasingly complex...
10T Private Equity Firm Seeks $200 Million for New Crypto Startup Investment Fund
12.5.2023
Crypto-focused investment firm 10T Holdings is launching a new digital-asset startup investment fund seeking to raise $200 million from investors.
The new venture, dubbed TenSquared Capital, or 10SQ, aims to back digital asset startups at various stages of growth, Bloomberg reported, citing people...