Central bank digital currency (CBDC) based offline payments using Samsung Galaxy smartphones and wearables are a potential outcome of a research project jointly undertaken by Samsung and the Bank of Korea. Korean media outlets reported on Monday that Samsung Electronics and the Bank of Korea will collaborate. This would be
May 15, 2023 1 min read
Twitter, the microblogging social media site, has been on fire for the last week after current CEO Elon Musk dropped hints about appointing a new leader. Elon Musk quickly verified any rumors that Linda Yaccarino would be taking over the firm’s affairs in the next six weeks, with Musk assuming
May 14, 2023 2 mins read
To recoup “more than $26 million” in claimed unpaid mining facility fees, Riot Platforms (previously Riot Blockchain), a cryptocurrency mining platform, has filed a lawsuit against Texas-based Bitcoin miner Rhodium Enterprises. Rhodium reportedly broke its contract with Riot by not paying hosting and service costs related to utilizing Whinstone’s Bitcoin
May 14, 2023 1 min read
As a result of the government’s assault on cryptocurrencies, Binance has found it difficult to operate in the US market. It has recently begun lobbying to be regulated in the UK. Binance’s chief strategy officer, Patrick Hillmann, said while speaking at Financial Times’ Crypto and Digital Assets Summit that the
May 12, 2023 2 mins read
After a judge approved bail in the amount of €400,000 ($436,000), the co-founder of Terraform Labs, Do Kwon, is anticipated to be released from jail pending trial, as reported by a Montenegrin news site. The CEO of Terraform Labs, a 31-year-old Korean national, and the company’s ex-chief financial officer, Han
May 12, 2023 1 min read
Binance, the biggest cryptocurrency exchange in the world, said on Thursday that it has integrated the Conflux Network (CFX) mainnet. Conflux Network (CFX) listing in March 2021 was announced, however, trading was limited to BEP20 CFX tokens. Binance has finished integrating the Conflux Network (CFX) mainnet, the exchange said formally
May 11, 2023 2 mins read
After being detained on an international warrant and accused of traveling with phony papers, controversial crypto entrepreneur Do Kwon filed a not-guilty plea in a Montenegrin court. The 31-year-old CEO of Terraform Labs and the company’s ex-CFO, Han Chang-joon, were arrested in March at the airport in Podgorica, Montenegro’s capital,
May 11, 2023 1 min read
According to the US Bureau of Labor Statistics, annual inflation in the United States for April came in at 4.9%, which was lower than the consensus estimate of 5%. In addition, after increasing by 5.6% in March, the annual core inflation rate declines to 5.5% in April. As a consequence,
May 10, 2023 1 min read
A record 2,863,240 transactions were handled on the BobaBNB platform in April, according to Boba Network, the only multichain Layer 2 (L2) solution and the only active L2 on the BNB Chain. This is an increase from 585,818 transactions in March and 99,362 transactions in February. BobaBNB now processes more
May 10, 2023 2 mins read
The crypto community in Nigeria is ecstatic about the recent ratification of the National Blockchain Policy. Because it means the sector has an opportunity to grow. The impact of this new legislation on Nigeria’s blockchain ecosystem has been discussed by a few industry leaders in the country. A National Blockchain
May 8, 2023 1 min read