Near Foundation’s CEO and developer of the layer-1 protocol, Marieke Flament, has stepped down. On September 21st, Near Foundation announced that general counsel Chris Donovan will succeed Flament as CEO. Flament did not provide a detailed explanation for why she was leaving. Until the end of the year, Flament will
September 21, 2023 1 min read
Due to the ongoing scrutiny by U.S. authorities and strict regulatory restrictions, investment firm Galaxy Digital is moving deeper into Europe. In light of the MiCA crypto legislation, Galaxy Digital has hired a former executive from crypto broker Genesis to lead its European operations and pursue development prospects in the
September 21, 2023 1 min read
Standard Chartered’s crypto-arm, Zodia Custody, intends to provide payouts on cryptocurrency assets for its customers. In order to provide investors with the opportunity to earn yield while taking use of the advantages of blockchain technology. The cryptocurrency custodian has collaborated with OpenEden to provide the “Zodia Custody Yield” service. According
September 21, 2023 1 min read
According to a Bloomberg report, the Stanford University in California has said that it intends to refund all funds it received from the bankrupt crypto exchange FTX. Between November 2021 and May 2022, FTX-affiliated firms gave Stanford a total of $5.5 million. A university representative stated: “We have been in
September 20, 2023 1 min read
Changpeng Zhao (CZ), CEO of Binance, has responded to the concerns around Ceffu by dismissing reports that Binance’s U.S. branch is affiliated with Ceffu. Ceffu was originally known as Binance Custody, and the continuing dispute between the United States SEC and Binance-affiliated entities, especially Binance U.S, over their apparent relationship
September 19, 2023 2 mins read
The Bitcoin mining firm Hut 8 in Canada is merging with US Bitcoin (USBTC). A new organization that will have major effects on Bitcoin mining and high-performance computers has been given the go light by the Supreme Court of British Columbia. The merger, which was announced in February 2023, was
September 18, 2023 2 mins read
As a more affordable and scalable approach to owning digital collectibles, Magic Eden, a marketplace for NFTs, has announced its support for Solana’s compressed NFTs (cNFTs). Compressed and held off-chain, cNFT data is what sets them apart from regular Solana NFTs. Since there are less costs associated with minting them,
September 16, 2023 1 min read
Mark Cuban, billionaire businessman, allegedly had one of his hot wallets emptied of about $870k worth of cryptocurrency. On September 15 at about 8 pm UTC, a blockchain investigator Wazz initially noticed the exploit after drawing attention to unusual activity in one of Cuban’s wallets that he hadn’t used in
September 16, 2023 1 min read
After being investigated and hit with a large fine, South Korean crypto lender Delio is reportedly getting ready to file an administrative lawsuit against authorities over its misinterpretation of the law. The local media said that Delio stated the Financial Service Committee’s (FSC) claims of fraud and theft are unfounded.
September 14, 2023 1 min read
The KASIKORN Business-Technology Group (KBTG), a tech division of KASIKORNBANK (KBank), has launched KXVC, a $100 million USD flagship fund aimed at global entrepreneurs in the fields of Deep Tech fintech, web3, and artificial intelligence with potential synergy in APAC. With a population of over 680 million people and a projected
September 14, 2023 2 mins read
