Space and Time to support the growth of businesses through smart contract technology. The funds will be utilized to speed up engineering and product development. Space and Time, the decentralized data platform has recently announced that it has acquired $20 million in strategic funding from marquee investors led by Microsoft’s
She discussed the crypto ecosystem, stressing the need of backing CBDCs. Central bankers are missing a chance if they do not accept CBDCs. Central bankers are becoming jittery as the use cases for cryptocurrencies and other blockchain-based currencies expand. Digital assets are very volatile and risky, yet traditional institutional investors
The company has been granted authorization to sell Bitcoin it has mined. Celsius Network was silent for weeks before filing for bankruptcy. The CEO of the defunct crypto lender Celsius Network, Alex Mashinsky, has resigned, as reported by a New York law firm in a news release published on Tuesday.
It will help Japan to reduce crypto-related money laundering. These grants authorities the power to make information requests to exchanges. Japan has decided to revise an existing regulation on money laundering in an effort to reduce the prevalence of crypto money laundering. The worldwide threat of cryptocurrency money laundering and
Nubank has almost 1.8 million users after only a few months of existence. Nubank grew to become Brazil’s fifth largest financial institution this year. Nubank, a Brazilian digital bank, said in a press release on Monday that it had over 70 million users. Of particular note is that more than
Upbit’s Luna Fee Utilization Committee has agreed to split transaction fees. A white paper explaining what led to the LUNA problem is part of the near-term agenda. Upbit, the leading cryptocurrency exchange in South Korea, has a plan to split the about $4.6 million in Terra LUNA transaction fees it
Summit National Bank is a US federally chartered bank, founded in 1984. Customers of Summit will now have access to blockchain products. Nexo, a cryptocurrency lending platform, recently revealed that it was acquiring a stake in Summit National Bank, based in Wyoming. Taking a stake in the US federally chartered
The beta version will allow the first 10,000 clients on the waiting list. The iOS-only app will purportedly have “no network fees” for crypto trading. In an official announcement, Robinhood said that the beta version of its Web3 wallet was now available, allowing the first 10,000 clients on the waiting
Crypto platform, ‘hi’ has teamed with Mastercard, to offer the first NFT customized debit cards. The eligible cardholders can personalize their cards with their own NFT avatar. The first non-fungible token (NFT) customized debit cards have been released by the crypto financial app, “hi” in collaboration with the global financial
SEC charged $1 million against Tether’s former auditor. Tether requested to submit the required documents on USDT backing. According to an order released on Monday, the popular stablecoin issuer Tether’s ex-auditor has been fined $1 million by the US Securities and Exchange Commission (SEC). In 2017, Friedman LLP, a New
