Jamie Dimon – CEO of JP Morgan Chase – showed strong support for decentralized finance and blockchain technology in a recent letter to shareholders. His new take appears to be a 180 from his previous takes on crypto, and more in line with those of his company. Blockchain and Defi are ‘Real’ The letter, issued...Read More
Kakao Piccoma – a Japanese subsidiary of South Korea’s mobile app operator Kakao Corporation – reportedly acquired a controlling stake in the crypto platform Sakura Exchange Bitcoin. Through this move, Kakao intends to utilize blockchain technology and Web3 in its future operations. According to a recent report by Business Korea, Kakao Piccoma purchased more than...Read More
Any new technology is referred to as emerging technology. However, it can also refer to the ongoing advancement of existing technology. Web3.0 is one such technology. The World Wide Web, also known as the Internet, has evolved significantly throughout time. We’re on the verge of the next Web revolution with the arrival of Web3. Unlike...Read More
The newly developed processor for the proof-of-work algorithm can deliver up to 580 GH/s hash rate and can operate up to 26 J/TH power efficiency. The tech giant believes the new processing chip, Blockscale ASIC, will be a gamechanger that empowers blockchain applications to maintain decentralization via proof-of-work while asserting the principle of environmental sustainability....Read More
The Cardano Foundation – a non-profit overseeing Cardano’s development – has announced a three-year collaboration with the University of Zurich (UZH) to bolster academic blockchain research and education. The organizations’ research topics will include consensus protocol efficacy and Ouroborus attack vectors, among other things. Helping Cardano and All of Blockchain “Ouroborus” is the name of...Read More
Chengpeng Zhao, aka CZ, CEO of Binance – believes that cryptocurrencies are a terrible option for evading sanctions. Cryptocurrencies have come in aid to the Ukrainian government as well as the several NGOs that have managed to secure donations to help the war-stricken country distribute emergency resources and push back against Russian invasion. However, concerns...Read More
A group of Ledger users has filed a class-action lawsuit in the United States District Court of Delaware against Global e-commerce platform Shopify, its third-party data consultant TaskUs as well as the hardware wallet maker itself. Another Lawsuit According to the official document, the plaintiffs accused Shopify and TaskUs of their “failure to exercise reasonable...Read More
Frankfurt’s Central Office for Combating Cybercrime (ZIT) and the Federal Criminal Police Office (BKA) conducted a joint operation against the Russian Darknet Marketplace “Hydra Market.” The authorities shut down its server infrastructure and seized over $25 million worth of bitcoin. ‘Hydra Market’ is Down According to a federal police statement, German law enforcement agents “secured...Read More
ApeCoin made headlines when it released its token last month to reward Bored Ape Yacht Club NFT members and enter the Metaverse and Web3 space in cryptocurrency. As the fifth-largest Metaverse crypto coin by market cap, according to CoinMarketCap, ApeCoin has tremendous long-term potential as The Ape Foundation and the ApeCoin DAO lead the cryptocurrency...Read More
FTX US made a “strategic investment” in IEX Group (a US-based stock exchange). The collaboration will aim to set up a comprehensive and transparent market structure for dealing with digital asset securities. FTX’s Newest Deal The US branch of the global crypto exchange – FTX – continues to engage with large organizations to accelerate the...Read More
Shiba Inu’s price in recent times has not displayed a significant amount of volatility but still, the crypto-verse believes the asset could offer better opportunities ahead. The asset is currently chopping around the narrow regions after a drastic plunge during the monthly close. No doubt the volume has dropped a little which also indicates the...Read More
American law enforcement agents seized approximately $34 million worth of digital assets tied to illicit Dark Web activity. The operation marked one of the largest confiscations of cryptocurrencies ever executed by the US authorities. ‘Operation TORnado’ was a Success According to a recent announcement by the Department of Justice, the hacker is a South Florida...Read More
Neutrino, the algorithmic price-stable assetization protocol, serves as an accessible DeFi toolkit. It was built on top of the Waves blockchain and had managed to almost double its market cap in less than a month. However, the protocol’s stablecoin project – USDN – de-pegged after sliding down to a low of $0.83 and losing 15%...Read More
Singapore’s new crypto law requires crypto businesses based in the city-state operating on foreign soil to comply with anti-money laundering and anti-terrorism measures. According to the latest report by Bloomberg, the Singapore parliament passed the law on Tuesday, a part of the Financial Services and Markets Bill. It states that domestic virtual asset service providers...Read More
Tezos – a decentralized layer 1 blockchain – launches the ninth upgrade with the promise of greatly improving its scalability. In the near future, Tezos is expected to host more dApps and process many more transactions on its network. With layer two solutions like optimistic rollups being introduced, Tezos considers this upgrade as “revolutionary” since...Read More
The popular memecoin – Shiba Inu (SHIB) – has been added to Bitcoin of America – a US-based ATM chain that has over 1,800 machines spread across more than 31 states. According to the official release, the reason behind the move is because Bitcoin of America “…recognized the growing popularity of Shiba Inu and decided...Read More
One of the largest providers of hardware cryptocurrency wallets, Ledger has announced a partnership with NFT gaming metaverse – The Sandbox. The move is expected to help metaverse users to increase security and to manage the self-custody of their digital assets. At the Non-Fungible conference in Lisbon, Ledger’s chief experience officer Ian C Rogers revealed...Read More
This week, a leading Metaverse crypto coin Dvision Network is up over 30% amid a virtual brand placement partnership with Admix, a monetization solution for virtual worlds. Let’s take a look at Dvision Network and its token DVI and see why the price is rising this week. What Is Dvision Network (DVI)? Launched in November...Read More
