Leading crypto VC firm Andreessen Horowitz (a16z) released a report offering an annual overview of the current trends and state of the crypto industry. The paper reiterated the firm’s bullish views on Web3, projecting long-term growth ahead of the sector, and weighed in on the dominant position as claimed by Ethereum among layer-one blockchains. “Web3...Read More
The global provider of secure financial messaging services, SWIFT, is testing to interlink multiple domestic-based emerging CBDC networks for cross-border transactions. The Belgium-based network, which enables financial institutions to communicate with each other for global payments, has tapped the French information technology services and consulting company Capgemini for the move. CBDCs’ Interoperability According to the...Read More
Last week, the cryptocurrency market went through one of the barbaric blood baths where except a few cryptocurrencies, almost every cryptocurrency had a fall of double-digit percentage. Like many other cryptocurrencies, even Cardano bulls have been facing pressure after the May 12th crypto crash. At the time of publication, Cardano’s ADA is trading at $0.526...Read More
The condition of the global economy seems to be in a state of knockdown. The years of financial boom after the crisis in 2008 ended with the outbreak of the COVID-19 pandemic at the beginning of 2020. Social distancing measures and “stay-at-home” rules crippled production to a serious extent, while numerous central banks took the...Read More
Currently, the market is experiencing one of the most painful weeks this year, and it was exacerbated by Terra’s crash. While Terra’s ecosystem boss, Do Kwon, has been putting forward revival plans, he also amended one. But more importantly – he did so while the proposal 1623 was being voted on. Titled ” Rebirth Terra...Read More
Bitcoin price after trading above $30,000 for a couple of days, has now dropped below. And moreover, the less price variation within the asset has raised the speculation for lower levels to be hit in the upcoming days. A popular analyst, in a series of tweets, pens down the reasons why he believes BTC price...Read More
The co-founder and former CEO of the crypto derivatives platform BitMEX was sentenced to two years of probation, with the first six months to be spent in home confinement. In late 2020, the Commodity Futures Trading Commission (CFTC) accused the company’s co-founders – Arthur Hayes, Benjamin Delo, and Samuel Reed – of operating a digital...Read More
Blockchain company Ripple has allocated $100 million to accelerate carbon removal activity and aid in modernizing such markets with the help of investments in innovative carbon removal firms and sustainable financial tech platforms. According to the official press release, Ripple also plans to create a “portfolio of additive, long-term, nature and science-based carbon credits, back...Read More
