Japan’s SBI Remit will use RippleNet Technology to enable instant money transfers between Japan and Thailand. The new partnership also brings Thailand’s Siam Commercial Bank (SCB) on board, Ripple said in a PR on Tuesday. Japan-Thai Remittance Service As part of the arrangement, both SBI Remit and SCB will use Ripple’s enterprise blockchain solution RippleNet to process...Read More
(Any views expressed in the below are the personal views of the author and should not form the basis for making investment decisions, nor be construed as a recommendation or advice to engage in investment transactions.) I’m currently reading Alchemy of Finance by George Soros, and it inspired me to write this stream of consciousness...Read More
Celsius Network’s latest court filings depicted a grim forecast for the crippled crypto lender. The documents revealed that the actual debt currently stands at $2.85 billion, as against their bankruptcy filing claims of a $1.2 billion deficit. The firm is expected to run out of cash by October as per the filing with the United...Read More
Coinbase – the largest cryptocurrency exchange in the United States – will temporarily suspend Ethereum-based deposits and withdrawals during September’s “merge” upgrade. The exchange posted a blog post on Tuesday explaining what to expect from both Coinbase and Ethereum following the network’s long-awaited transformation. Ensuring a Smooth Transition Per Coinbase’s announcement, the suspension – which...Read More
Compound Labs has announced the first smart contract deployments for Compound III, which will create a USDC market on Ethereum. The contracts await activation by Compound governance but are now open to review by the community. According to the latest update from Compound’s protocol development log, the deployment brings Compound III “just a governance proposal...Read More
Bitcoin price has now been rejected from $24,000 for the ‘nth’ time from now and appears to slash hard below $23,000 in the coming days. While the buying volume has apparently dropped in the past couple of days, the possibilities of a quick rebound also appear pretty low. Therefore, a significant drop may be expected...Read More
A week after suspending its services, the crypto lending platform Hodlnaut filed for an application to be placed under judicial management with the Singapore High Court. Under judicial management, the financially distressed crypto lender will be able to “rehabilitate its business.” As such, an independent officer of the Court will be appointed in place of...Read More
Cryptocurrency exchange giant Huobi will cease offering its derivatives trading services to New Zealand customers two months after the company obtained registration from the country’s regulators. In an announcement on Tuesday (August 16, 2022), Huobi said it would restrict users in New Zealand from accessing derivatives trading services starting from August 23, 2022. According to...Read More
Tl;dr: Ethereum is anticipated to move to Proof-of-Stake (PoS) on or around September 15, 2022 making it more secure, less energy-intensive, and better for implementing new scaling solutions. Rest assured, your assets will be safe and secure during this period and no action is required to upgrade on your part. The following piece outlines what...Read More
As per Ripps’s filing on Monday, the artist has asked a Los Angeles federal court to stop a trademark lawsuit brought against him by the BAYC creator. He further argued that his NFTs of the apes were a type of “appropriation art” meant as criticism and protected by the First Amendment. His NFTs of Bored...Read More
[PRESS RELEASE – Please Read Disclaimer] ISLAMICOIN announced the release of the first version of ISLAMIwallet, adding new innovations to the world of cryptocurrencies. ISLAMIwallet is a crypto wallet that intends to work by Shariah laws and regulations. You can send, receive and store ISLAMICOIN, Bitcoin, and other Halal cryptocurrencies including NFTs. Using ISLAMIwallet mobile...Read More
Despite unsettling market conditions, Anthony Scaramucci has not backed down from his stance on Bitcoin and cryptocurrencies in general. The founder and CEO of the financial services company SkyBridge Capital are well known for their unwavering support of BTC. Regarding the current market activity, Scaramucci contended that “fraud combined with excessive leverage” was to blame...Read More
South Korea’s integrated financial regulator – Financial Supervisory Service (FSS) – is reportedly investigating domestic and commercial banks after detecting a significant amount of illegal overseas remittance transactions. Over the last few weeks, banks’ role in facilitating kimchi premium traders to enable fast money when trading volumes rise has been under intense scrutiny. It was...Read More
[PRESS RELEASE – Singapore-August 13, 2022] EQBR Holdings (EQBR), a pioneer of Web 3.0 infrastructure providers, announced the launch of its new US-based NFT service company, My Flex, Inc. which will develop a new peer-to-peer (P2P) platform for enterprises and consumers to capture the value of authenticity through its NFT marketplace. The landscape for NFTs...Read More
Richard Sharp, a former banker who is currently serving as the Chairman of BBC since February 2021, has reportedly been using an off-shore company to invest in a cryptocurrency-related business founded by a Russian oligarch. Interestingly enough, the oligarch is now sanctioned because of the ongoing war between Russia and Ukraine. According to The Guardian, Sharp used...Read More
The second-largest meme coin in the world, behind Dogecoin, is Shiba Inu which is now ranked as the 12th largest cryptocurrency in the world with a market worth of around $9.6 billion. As investors pushed the token on social media over the weekend, the price of the Shiba Inu token increased. The coin had increased...Read More
This article is part of our ongoing series of crypto research content, produced by the Bitcoin Magazine team and sponsored by BitMEX. To learn more about our wide-ranging partnership with Bitcoin Magazine, click here. Ethereum and the Merge Last week, it was announced that the Ethereum merge, from a PoW (proof-of-work) consensus mechanism to a...Read More
The Solana Foundation recently released its first report evaluating the health of the Solana network. Its initial report digs into key metrics assessing the health of its validator network. These include its total validator count, Nakamoto consensus, and distribution. Breaking Down the Nodes Per the foundation’s report on Wednesday, Solana currently consists of more than...Read More
