Before the much-anticipated March update to Ethereum Shanghai, Tron founder Justin Sun staked millions of dollars’ worth of Ethereum (ETH) on the Ethereum liquid staking platform Lido Finance. On February 25th, on-chain analytics portal Lookonchain disclosed that an address attributed to Justin Sun staked over $240 million in ether (ETH)
February 25, 2023 1 min read
Key financial stability and regulatory concerns were covered during the inaugural G20. During Finance Ministers and Central Bank Governors (FMCBG) conference under India’s chairmanship. In a recent report, India asked other countries to consider the long-term effects of crypto assets on the global economy. And called for the development of
February 25, 2023 2 mins read
India brings together entrepreneurs, web3 enthusiasts, and content creators to connect and inspire each other. Adding to that, Chennai is becoming more popular for its supportive stance towards content creation and Web3 technology. As a result, Creaticon is hosting a creator meetup in chennai which paves a way to talk
February 25, 2023 3 mins read
In addition to challenges with U.S. regulators. The biggest cryptocurrency exchange Binance has also encountered difficulties with Australia’s Securities and Investments Commission (ASIC). Many traders were incorrectly labelled “wholesale investors,” and on Thursday, Binance liquidated their derivatives accounts. Then, the company announced its intention to compensate those consumers who were
February 25, 2023 2 mins read
The revenue for Jack Dorsey’s payment processing firm, Block, exceeded Wall Street’s forecasts, but the bottom line fell short. Block reported income of $1.83 billion in Bitcoin from its Cash App business unit in the prior quarter, down 7% year over year as compared to the same period in 2021.
February 24, 2023 1 min read
Ark Invest, Cathie Wood’s investment management business, has made its biggest purchase of Coinbase shares ever. Cathie Wood is unfazed by Coinbase’s declining sales and regulatory uncertainties in the U.S. crypto sector. Quarter 4 revenue for Coinbase was $605 million, down significantly from $2.49 billion in the same period last
February 23, 2023 1 min read
The arrival of Binance, a major cryptocurrency exchange, into the South Korean market has caused concern among the country’s financial regulators. Binance, the biggest cryptocurrency exchange in the world, returned to South Korea on February 3. After a two-year absence by acquiring a controlling stake in the fifth-largest cryptocurrency exchange
February 23, 2023 2 mins read
The technology firm Tencent has announced that its subsidiary, Tencent Cloud, would be actively supporting Web3 innovations and contributing to the long-term growth of the worldwide Web3 community. To strengthen the Web3 ecosystem, the cloud provider has formed partnerships with crypto platforms including Ankr, Avalanche, Scroll, and Sui. According to
February 22, 2023 1 min read
Binance, a cryptocurrency exchange, and Ingenico, a payments company located in France, have announced strategic cooperation to facilitate cryptocurrency payments in the country of France. On February 22nd, Binance announced that it has teamed with Ingenico, a global payment solutions organization, to make using Binance Pay a breeze. The company
February 22, 2023 1 min read
Jaime Rogozinski, the founder of WallStreetBets (WSB), filed a complaint against Reddit this week, saying that the platform violated his trademark rights by removing him as a moderator in 2020. Established in 2012, WSB quickly became known on Reddit as the place to go to see risky stock trades. Members
February 20, 2023 2 mins read
