Blockchain & Digital Assets

March 10, 2024 @ 11:45 pm By Omar Faridi  |  

Binance Labs, the venture capital and incubation arm of Binance, has invested in seven top-performing projects from the sixth season of its Incubation program. The 2-month incubator which “commenced in December 2023, is designed to empower early-stage founders offering 1:1 mentorship from the Binance Labs… Read More

March 10, 2024 @ 11:44 pm By Omar Faridi  |  

In a move to promote the widespread adoption of Web3, Wert, the payment solution provider facilitating fiat payments in the Web3 space, has broadened its card acceptance capabilities in collaboration with Worldpay, a globally recognized payment processor. This expansion encompasses the “inclusion of JCB, American… Read More

March 10, 2024 @ 8:43 pm By Omar Faridi  |  

Wyoming Governor Mark Gordon recently signed a bill into law that allows for the development of a complete legal framework for the establishment and management of so-called decentralized autonomous organizations or DAOs. The latest bill has reportedly been sponsored by the legislature’s Select Committee focused… Read More

March 10, 2024 @ 3:13 pm By Omar Faridi  |  

Core Foundation announced a $5 million Innovation Fund to advance India’s decentralized application ecosystem on Core Chain, the Bitcoin-secured and EVM-compatible blockchain. This fund aims to empower Web3 communities, enhance education, and provide vital support to founders and builders throughout India. Shivangi Pandey, Core Contributor,… Read More

March 10, 2024 @ 2:51 pm By Tony Zerucha  |  

Arf, a global transaction services platform offering blockchain-based solutions, announced this week that it has surpassed $1 billion in on-chain liquidity volume to support global payments. “Arf was established with the objective to transcend the limitations of existing financial frameworks through the application of innovative… Read More

March 10, 2024 @ 12:00 pm By Michael Wong  |  

The departure of cryptocurrency giant Binance Holdings Ltd from Nigeria has raised concerns among experts and cryptocurrency enthusiasts about its potential to exacerbate youth unemployment in the country. The firm announced last week that it would cease all operations for the Nigerian naira, discontinuing support… Read More

March 9, 2024 @ 1:23 pm By Omar Faridi  |  

Nexo, a digital assets institution, announced that its Dubai entity, Nexo Services FZE, has been awarded an Initial Approval [IA] by Dubai’s Virtual Assets Regulatory Authority (VARA) for Virtual Asset Lending & Borrowing, Management & Investment, and Broker-Dealer activities. This IA positions Nexo as one… Read More

March 9, 2024 @ 12:10 pm By Omar Faridi  |  

Crypto.com, which claims to be “trusted” by more than 80 million customers worldwide and says it is focused on regulatory compliance, security and privacy, has signed a memorandum of understanding (MoU) with Altava Group, a vertical AI fashion tech company delivering innovative virtual experiences and… Read More

March 9, 2024 @ 12:02 pm By Omar Faridi  |  

Sam Altman’s crypto-related initiative Worldcoin has reportedly been told by authorities in Spain to stop collecting and using consumers’ personal data. Spain‘s data protection regulator, AEPD, has reportedly banned Worldcoin for as many as three months in a key decision that the organization states is… Read More

March 8, 2024 @ 7:00 pm By Omar Faridi  |  

Tether, which claims to be among the largest companies in the cryptocurrency industry, announced the signing of a Memorandum of Understanding (MOU) with the National Agency of Perspective Projects (NAPP), responsible for crypto regulation and development in the Republic of Uzbekistan. This strategic collaboration aims… Read More

March 8, 2024 @ 4:47 pm By JD Alois  |  

Yesterday, testifying in front of the Senate Banking Committee, Jerome Powell, Chair of the US Federal Reserve, was asked several questions about a digital dollar or Central Bank Digital Currency (CBDC). Powell first pointed to the fact that most transactions are digital today as consumers… Read More

March 8, 2024 @ 4:34 pm By Omar Faridi  |  

The Hong Kong Monetary Authority (HKMA) announced the commencement of Project Ensemble, a new wholesale central bank digital currency (wCBDC) project to render support to the development of the tokenization market in Hong Kong. The new project will seek “to explore innovative financial market infrastructure… Read More

March 8, 2024 @ 7:52 am By Omar Faridi  |  

Invoys, a fintech transforming the invoicing industry, and KUNA Pay, a key player in the crypto payment space, have announced a collaboration to enable businesses with crypto payment options directly from invoice links. The partnership between Invoys and KUNA Pay is said to “mark a… Read More

March 8, 2024 @ 7:49 am By Omar Faridi  |  

BitOoda, a digital investment bank, entered a partnership with Newmark, a commercial real estate adviser, that will allow the firms to combine their expertise and relationships across the AI, data center, and Bitcoin mining industries. The partnership will enable BitOoda and Newmark to “serve clients… Read More

March 8, 2024 @ 7:21 am By Omar Faridi  |  

Bakkt Holdings, Inc. (NYSE: BKKT) announced that the company is available now as a key agent for Unchained’s enterprise collaborative custody product. This collaborative model helps bitcoin holders “increase security when safeguarding their assets through the use of a vault secured by multiple institutional key… Read More

March 7, 2024 @ 1:28 pm By Omar Faridi  |  

Nansen has recently announced a new partnership with Mantle in order to deliver key insights into their ecosystem. In a blog post, Nansen confirmed their latest collaboration with Mantle Network, to deliver informative insights into the Mantle Ecosystem. Nansen said they are pleased to unveil… Read More

March 7, 2024 @ 12:00 pm By Omar Faridi  |  

Crypto-focused firm Zama has reportedly secured $73 million in funding via a Series A round that included contributions from Multicoin Capital and other investors. Zama, which is described as an open-source cryptography platform that assists developers with creating privacy-preserving apps, confirmed its latest Series A… Read More

March 7, 2024 @ 9:37 am By Omar Faridi  |  

Bankrupt crypto lender BlockFi reportedly reached a $874.5 million in-principle settlement with failed digital currency exchange FTX and Alameda Research estates. This, according to a recent bankruptcy court filing. BlockFi filed for bankruptcy in November of 2022 following the collapse of multiple crypto firms, culminating… Read More

March 7, 2024 @ 9:06 am By JD Alois  |  

Enterprise digital asset platform FireBlocks says it will begin onboarding “thousands” of new retail customers as well as institutional firms. The company predicted this would be accomplished due to the new hire of CMO Michal Ferguson. Michael Shaulov, CEO of Fireblocks, says the innovations over… Read More

March 7, 2024 @ 9:00 am By JD Alois  |  

Smart wallet tech provider Safe is reporting that it has surpassed $100 billion in assets secured. At the same time, Switzerland based firm has hired Julian Grigo, former Managing Director at Solaris, as Head of Institutions and Fintech. Safe, previously Gnosis Safe, is an on-chain… Read More