On Wednesday, Robinhood Markets announced that it will attempt to buy back shares. Acquired by former FTX CEO Sam Bankman-Fried, Whose 7.6% ownership in the firm is still a contentious aspect. In both Bankman-Fried’s criminal prosecution and the bankrupt exchange’s bankruptcy. On an earnings discussion with investors and analysts. CEO
February 9, 2023 1 min read
The Fuse Network has just unveiled Fuse 2.0 which is aimed at overcoming a key barrier to widespread acceptance that cryptocurrencies must overcome. Providing a technological stack that is mobile-friendly to securely allow for new SaaS business models in Web3. Currently used digital payment rails process billions of transactions per
February 7, 2023 3 mins read
Bored Ape Yacht Club (BAYC), a collection of non-fungible tokens, has had a dispute with one of the producers of a competing collection, RR/BAYC, resolved out of court. The case involving Thomas Lehman, the creator of websites and a smart contract that sold “misleading” BAYC NFTs from digital artist Ryder
February 7, 2023 1 min read
Google has released Bard, its ChatGPT rival, available to early testers in preparation for a full release in the coming weeks. Similar to how OpenAI’s newest program has become an internet hit, the corporation has announced the launching of its own artificial intelligence chatbot. According to Bloomberg, the corporation has
February 7, 2023 1 min read
Over the Lunar New Year period, the Chinese Central Bank distributed CBDC worth millions of dollars around the nation. Around 200 events for the e-CNY were introduced around the nation during the holiday season. This is according to a report in the Global Times which is an English-language arm of
February 6, 2023 1 min read
Today, Binance is introducing Binance Tax, a brand-new tool that gives customers quick access to information on the tax related to their cryptocurrency trading activity. Users of Binance Tax are able to get a report that includes a tax summary of any profits or losses they have made using Binance.
February 6, 2023 2 mins read
Zodia Custody, a subsidiary of Standard Chartered, and SBI Digital Asset Holdings have come to an agreement to form a joint venture in Japan that would serve as a custodian for crypto assets for institutional customers in Japan. SBI Digital Asset Holdings (SBI DAH) and Zodia Custody, which has the
February 5, 2023 1 min read
In order to settle a $38.6 million debt to the New York Digital Investment Group (NYDIG), the once-prominent bitcoin miner Core Scientific signed an agreement to transfer 27,403 of its mining equipment to the latter. A few days before the holidays in 2022, the firm filed for bankruptcy. Over 27,000
February 5, 2023 1 min read
The protracted bear market in Bitcoin and other cryptocurrencies led to a dramatic decrease in the value of WisdomTree’s digital asset holdings in the fourth quarter of 2022. As of December 31, 2022, the total value of the cryptocurrency funds managed by WisdomTree was $136 million. Down from $163 million
February 4, 2023 1 min read
The first phase of Australia’s multi-year strategy to regulate Bitcoin and cryptocurrencies has been unveiled. Through this new approach, the government wants to make sure the regulation of cryptocurrencies safeguards users, according to Assistant Treasurer Stephan Jones. The release cites shoring up enforcement, boosting user protection, and creating a structure
February 4, 2023 1 min read