Leading secure financial messaging system SWIFT is testing out blockchain in a pilot project with fintech company Symbiont Inc. Previously, SWIFT explored ways how to enter the central bank digital currency space. SWIFT’s Blockchain Experiment The collaboration aims at driving efficiencies in the transmission of data related to corporate events like dividend payments and mergers,...Read More
A group of leading venture capital firms and broker-dealers announced the creation of the cryptocurrency platform – EDX Markets (EDXM). The launch received support from giant finance players, including Citadel Securities, Fidelity Digital Assets, Charles Schwab, Sequoia Capital, Paradigm, and Virtu Financial. The Plan Came to Existence At the beginning of the summer, market makers...Read More
MicroStrategy’s Executive Chairman Michael Saylor has published a letter clearing his thoughts on Bitcoin mining and its impact on the environment and energy systems. He argued that Bitcoin mining is, in reality, far less of an environmental issue than it is often made out to be. Rather, he believes it wouldn’t be on the public...Read More
A Bloomberg report on Wednesday claimed that Binance app downloads in India jumped to 429,000 in August, the highest this year. This comes just months after the country implemented stringent taxation on local exchanges. Binance’s India Gains Binance is the only one among the major exchanges whose app downloads had seen an increase in August...Read More
Google Cloud and BNB Chain are joining forces to accelerate the growth of web 3 startups. BNB chain developers can now leverage Google Cloud infrastructure to help scale their applications and access other forms of technical support. According to a press release from Binance, BNB Chain will now enable “accelerated access” to the Google for...Read More
Till yesterday, the crypto market was displaying all signs of recovering well after a few disastrous months. However, the release of the Consumer Price Index (CPI) flipped the scenario, and the bears have regained dominance. It’s just not crypto, even the large tech stock, NASDAQ 100, ended the day in red, something which has not...Read More
Paulo Ardoino – Chief Technology Officer (CTO) at Bitfinex and Tether – recently commented on Ether’s usefulness as money, post-merge. The CTO believes the cryptocurrency cannot compete with Bitcoin as a form of money, due to design choices that have prioritized other objectives. Bitcoin is Money; Ether is Not As the CTO told Crowfund Insider...Read More
With the long-awaited Ethereum Merge expected to go live in less than 24 hours, Joseph Lubin, CEO of the blockchain software technology company ConsenSys, has shared his thoughts on it, noting that the transition is the third-most significant event in the crypto industry. According to Lubin in a recent interview with Bloomberg TV, the first...Read More
Bitcoin network fundamentals have remained unfazed by its spot price failing to show any crucial breakouts. According to data from BTC.com, its mining difficulty has tapped a new high of 32.05 trillion hashes at a block height of 753,984 after an increase of 3.45%. Bitcoin’s New Difficulty Adjustment This is the fourth such increase since...Read More
Although Elon Musk seeks to scrap the deal to purchase Twitter and make it a private company, the social media giant’s shareholders voted to approve the buyout offer for $44 billion. The two sides are set to meet in a Delaware court next month to determine the firm’s faith. Citing a brief conference call among...Read More
Within the span of two weeks, three major crypto exchanges – Binance, FTX and Huobi – have signed separate MoUs with the Busan City Government to drive the development of South Korea’s blockchain infrastructure. With the country constantly at the forefront of the global crypto space, the announcements of the various partnerships mark a...Read More
[PRESS RELEASE – San Diego, United States / California, 13th September 2022] Coygo Forge, a powerful platform and framework for coding custom crypto trading bots using JavaScript, is hosting an incentivized hackathon. Teams or individuals that successfully submit their own trading bot during the event could win $100 of ETH or BTC. Participants are welcome...Read More
Just a day after reports emerged that the South Korean authorities had started yet another investigation against Terraform Labs, Bloomberg said a local court had issued an arrest warrant against Do Kwon and five others. The price of the two current native assets – LUNA and LUNC – dumped hard, as the former is down...Read More
Global investment giant KKR & Co has partnered with digital asset management firm Securitize to tokenize its private equity fund on a public blockchain network. According to an official press release, the partnership will allow the KKR to tokenize its second Health Care Strategic Growth Fund on the Avalanche blockchain, making it accessible to investors...Read More
Triggered by the Terminal Total Difficulty reaching 58750000000000000000000, following the Bellatrix upgrade, the much anticipated Ethereum Merge will take place on 15-17 September. The timing of the Merge can be tracked here. At BitMEX, our top priority is protecting the assets of our customers. During the Merge, BitMEX will suspend withdrawals on ETH, all ERC20...Read More
On September 13, the U.S. Treasury Department published a guide with a series of steps for U.S. citizens to follow in order to withdraw their funds from Tornado Cash. Tornado Cash was a mixing service shut down on August 8 by the U.S. Treasury Department. This happened after investigations showed that the platform was used...Read More
