Cathie Wood, the CEO of Ark Invest, has reportedly sold millions of dollars’ worth of shares in Coinbase (COIN) and Robinhood (HOOD) ahead of the businesses’ projected weaker-than-expected second-quarter earnings reports. Despite Cathie Wood’s continued Bitcoin optimism, her firm, Ark Invest, has been unloading its crypto-related stock holdings. Since the
August 1, 2023 1 min read
Sorare, a Web3 fantasy-sports firm, now accepts fiat payments for its digital trade cards instead of requiring customers to only purchase in ETH. Managers (participants) in the Sorare blockchain-based game may acquire and transfer non-fungible tokens (NFTs) representing professional athletes to form teams for tournament participation. The platform has licensing
July 31, 2023 2 mins read
The Kansas Office of the State Bank Commissioner closed Heartland Tri-State Bank of Elkhart on July 29; the FDIC thereafter assumed management. The FDIC announced on July 31 that the four former Heartland Tri-State Bank locations will reopen as branches of Dream First Bank the following day. Customers of the
July 29, 2023 1 min read
As criticism of Worldcoin’s data-gathering tactics grows, the company disclosed its audit results on July 28. Nethermind and Least Authority, two security consulting organizations, undertook the latest research. Worldcoin said that Nethermind discovered 26 security flaws in the protocol. 24 of which were “identified as fixed” during verification, with one
July 29, 2023 1 min read
The war of words between the Solana (SOL) ecosystem and the Ethereum community has reached a new low after the protocol’s creator, Anatoly Yakovenko, accused its rivals on Twitter of spreading false information about a key aspect of Solana’s performance. Toly, as he’s known on Twitter, sounded the alert that
July 28, 2023 2 mins read
Cryptocurrency mining gear supplier and mining facility operator Phoenix Technology is contemplating an IPO as per a Bloomberg report. The article claims that preliminary discussions have been in place for an IPO for Phoenix in Abu Dhabi. The UAE-based firm signed a $650 million contract for mining rigs in 2021,
July 28, 2023 1 min read
Investors are wondering whether today’s announcement of a 0.25% hike in the European Central Bank’s benchmark interest rate is the final one of the year despite persistently high inflation. Since last summer, the ECB has tightened policy by 400 basis points, the most rapid pace in the bank’s history. With
July 27, 2023 2 mins read
In a significant step, Nexo, the world’s leading institution for digital assets, has joined an innovative group of companies by joining the Association of Certified Sanctions Specialists (ACSS), proving a steadfast dedication to international regulatory compliance. Nexo wants to boost the team’s competencies by using ACSS’s vast databases, rigorous training
July 27, 2023 2 mins read
As illicit activities in the crypto sector have increased, South Korea on Wednesday formed an interagency investigative team. This is an effort to combat cryptocurrency-related crimes. The Prosecutor’s Office said in a statement that around 30 individuals from judicial, financial, tax, and customs departments would comprise the Joint Investigation Centre
July 26, 2023 1 min read
Lido Finance, a leading liquid staking solution, is unveiling a whole new tokenomics framework. At this year’s EthCC conference, LidoDAO’s business development contributor Marin Tvrdi said that the organization’s members are “pushing” for a dual governance model. If enacted, it will offer Lido users veto power over governance proposals authorized
July 26, 2023 2 mins read
