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Israeli Startup Chain Reaction Raises $70 Million to Build Blockchain Silicon

25.2.2023
Chain Reaction, a Tel Aviv-based blockchain startup, announced it has raised $70 million as part of its Series C funding round. The objective of the company is to expand its engineering staff to accelerate the production of its blockchain-focused silicon and collaborate in the development of...

Citizens Trust Bank to Hold $65 Million in USDC Reserves as Circle Expands Bank Partnerships

25.2.2023
On Friday, the cryptocurrency firm and stablecoin issuer Circle announced that the financial institution Citizens Trust Bank will hold $65 million in usd coin cash reserves. Circle said the move is part of the company’s plan to allocate shares of the stablecoin’s denominated reserves...

SEC’s Coinbase Insider Trading Case Is ‘Backdoor Rulemaking,’ Trade Association’s CEO Says

24.2.2023
The government agency not only “piggybacked” off of the DOJ’s case, but is using it as a way to define some tokens as securities, Perianne Boring, the Chamber of Digital Commerce’s founder, told “First Mover.”

NFT Sales Soar 138% in Past Week, Blur Market Dominates This Week’s ETH-Based NFT Sales

24.2.2023
Non-fungible token (NFT) sales have soared this past week, climbing 138.15% higher than the week before. Sales recorded between last Friday and Feb. 24, 2023, indicate that $801 million in NFT sales have been settled over the last seven days. Ethereum Digital Collectibles and Mutant Ape Yacht Club...

Crypto Policy: Kenyan Senate Ready to Engage Central Bank

24.2.2023
The Kenyan Senate’s Information, Communication and Technology committee has said it is ready to engage the Central Bank of Kenya (CBK) and other stakeholders in shaping the country’s policy towards crypto assets and virtual asset service providers. According to the committee, such...

Trevor Jones, Creator of The Bitcoin Angel, on Digital Art, Fine Art, and NFTs | Ep. 207

24.2.2023
In an exclusive interview with cryptonews.com, Trevor Jones, Creator of the Bitcoin Angel & Renowned Artist, talks about the intersection of fine art and Q.R code paintings, the importance of motifs and crypto references in Trevor’s work, and Castle Party 2023. Originally from Canada, Trevor...

Nigerian Central Bank Seeks New CBDC Tech Partner — Bank Urged to Improve E-Naira User Experience

24.2.2023
More than a year after it launched its central bank digital currency with partner Bitt Inc, the Central Bank of Nigeria is reportedly seeking a new technology partner. The new partner is expected to help the central bank implement a system which gives it greater control of the digital currency....

Digital Euro Should Prioritize Online, Peer-to-Peer Payments, ECB Says

24.2.2023
Transfers in stores and to governments could take longer, but basic personal CBDC use should be free, the central bank said

Litecoin Foundation Partners With Digital Asset Manager Metalpha to Develop Hedging Products for LTC Miners

24.2.2023
The partnership will jointly develop the Litecoin ecosystem to hedge risk and lower carbon emissions

Crypto Exchange Coinbase Launches Ethereum L2 Scaling Network Called Base

24.2.2023
The cryptocurrency exchange Coinbase has announced the deployment of Base, an Ethereum layer two (L2) scaling network, after developers launched the Base testnet on Thursday. The company said it is incubating Base within Coinbase and that the L2 chain will progressively decentralize over time....

US Lawmaker Launches CBDC Anti-Surveillance State Act to Protect Americans’ Right to Financial Privacy

24.2.2023
U.S. Congressman Tom Emmer has introduced the Central Bank Digital Currency (CBDC) Anti-Surveillance State Act “to halt efforts of unelected bureaucrats” from “stripping Americans of their right to financial privacy.” The bill also prohibits the Federal Reserve “from...

Sotheby’s to Auction Neal Stepheson’s ‘Snow Crash’ Manuscript And Digital Collectibles

24.2.2023
The auction house is offering up the original 1991 manuscript of the sci-fi novel that coined the term "metaverse," alongside a series of physical and digital collectibles

Developers Propose Cross-Chain Bridge for XRPL Network to Enhance Blockchain Interoperability

23.2.2023
Software engineers and members of the development lab Ripplex want to create a cross-chain bridge for the XRPL network to bolster cross-chain transfers between different blockchain networks. According to a recent Github draft, the proposal outlines how the cross-chain bridge could function...

FTC Launches Investigation into Voyager's Alleged Deceptive Crypto Marketing Tactics – Here's the Latest

23.2.2023
The Federal Trade Commission (FTC) has announced that it is investigating the bankrupt crypto lender Voyager Digital for “deceptive and unfair marketing of cryptocurrency to the public.” The announcement of the investigation came in a filing with the US Bankruptcy Court for the Southern District...

Former Cohasset High School Employee Accused of Stealing Thousands in Electricity to Mine Bitcoin in School Campus Crawlspace

23.2.2023
A former school assistant facilities director in Cohasset, Massachusetts, has been accused of operating a cryptocurrency mining operation inside a crawlspace at Cohasset High School. The Cohasset Police Department alleges that Nadeam Nahas stole nearly $18,000 in electricity to power the crypto...