On November 14th, American technology firm Ripple announced a collaboration with MSF Africa to “streamline [MSF Africa’s] real-time mobile payments for their customers across 35 countries.” Moreover, MSF Africa, a prominent fintech firm on the continent, has agreed to use Ripple’s on-demand liquidity (ODL) crypto solution. In response to MSF
Vitalik Buterin, co-founder of Ethereum, recently sent a letter proposing a proposal to implement the ZK-SNark feature in order to increase the scalability of the Ethereum network. Balaji Srinivasan, a former chief technology officer of Coinbase, Kraken, and Binance, was also brought up in the letter. Vitalik claimed in his
To move USDT from the Solana blockchain to the Ethereum blockchain, stablecoin issuer Tether has launched a $1 billion chain swap. The news comes as Solana, which was among the top 5 largest cryptocurrencies by market size only weeks ago, struggles in the wake of the bankruptcy of crypto exchange
According to the WSJ, FTX’s ex-CEO Sam Bankman-Fried personally pocketed $300 million from the company’s 2021 investment round. A sum of $420 million was raised in this round, giving the platform a healthy financial footing. The report specifies that the money was raised in October 2021 from a large number
Many people lost their jobs once Elon Musk became Twitter’s CEO. Hundreds of independent contractors were suddenly let off with no warning. But it seems that the tables have flipped recently. Hundreds of Twitter workers have thrown up their arms because of Musk’s very rigorous workplace culture. Elon Musk emailed
Canada’s third-largest pension fund, the Ontario Teachers’ Pension Plan (OTPP), released a statement on its investment in the defunct FTX cryptocurrency exchange on Thursday. Investments are made on behalf of 333,000 active and retired educators via the OTPP, whose website reveals it has over C$243 billion ($182 billion) in net
As of today, Bank of America said it will be shifting its rating on Coinbase shares from buy to neutral. Since its all-time high of $357.39 on November 9, 2021, the price of COIN has fallen 86%, trading at $45.36 right now, a decrease of 7% over the last 24
A few weeks ago, it seemed as if the majority of the NFT market was rapidly moving away from accepting creator royalties in any form. OpenSea, the largest online marketplace, contemplated making them voluntary. However, resistance from creators ultimately led to OpenSea keeping royalties. And now another Ethereum marketplace is
CEO and founder of Coinbase, Brian Armstrong, has spoken out about the cryptocurrency market’s current collapse. When asked about his feelings about the current crypto landscape, Coinbase’s CEO made it obvious that he is still positive despite the recent collapse of his competitor exchange, FTX. When asked about the former
Recently, it was announced that XRP token issuer Ripple Labs is applying for permission from Irish regulators to join the European market. Ripple has plans to apply for an electronic money license once it secures a virtual asset service provider (VASP) license. According to Ripple’s announcement, the company has already
