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Search Results for: Digital dollar

New York Regulator to Scrutinize Stable Coin Issuer Paxos

New York regulators are reportedly investigating Paxos, the firm that issues the BUSD and USDP stablecoins. The Pax dollar (USDP) and Binance USD (BUSD), a stablecoin with the Binance name that is made available through a white-label service, are examples of Paxos’ stablecoins. Recent allegations about the federal bank regulator,

February 10, 2023 1 min read

Thiel Foundation Announces Next Thiel Fellow Class

New class includes 20 entrepreneurs in biotech, AI, energy, and more LOS ANGELES–(BUSINESS WIRE)–The Thiel Foundation today named 20 individuals as the next class of Thiel Fellows. The Fellowship program, which launched in 2011, encourages talented young people with big ideas to start companies instead of attending college. “In a

February 9, 2023 4 mins read

Hermès Wins U.S Trademark Lawsuit Against Metabirkin NFTs Artist

A luxury brand company Hermès International won its legal battle against the digital artist behind “MetaBirkin” nonfungible tokens (NFT). Hermès convinced Manhattan federal jury that Mason Rothschild’s sale of the NFTs violated its rights to the “Birkin” trademark.  The artist Mason Rothschild sold his MetaBirkins for up to $45,100 each.

February 9, 2023 2 mins read

Terra Quantum Welcomes Investcorp as New Investor

Uniquely positioned in the quantum security segment, Terra Quantum delivers end-to-end solutions for data and information safety. The addition of Investcorp to Terra Quantum’s shareholder base not only underpins Terra Quantum’s ‘private-equity’-readiness, but also signals the relevance of the wider quantum technology space to the alternative investment community. Investcorp’s leadership

February 9, 2023 5 mins read

Banxa and MetaMask Partner to Make it Easier to Access Web3

Partnership will simplify crypto purchasing for MetaMask users in Canada, Netherlands, Australia, South Africa, and Turkey and reduce fees globally TORONTO–(BUSINESS WIRE)–BANXA Holdings Inc. (TSXV:BNXA) (OTCQX:BNXAF) (FSE:AC00) (“Banxa” or “The Company”), the leading on-and-off ramp solution for Web3, today announced an integration with ConsenSys’ leading self-custody Web3 wallet, MetaMask, to

February 7, 2023 4 mins read

Will Ethereum (ETH) Crash to $1K? — Is It Technically Possible?

The price of Ethereum has been steadily increasing over the past few years, with its value currently hovering around the $1,639 mark. However, could it be possible for Ethereum to experience, a dramatic crash, pushing its value down to as low as $1,000? Technically speaking, it is certainly possible–here’s why.

February 7, 2023 2 mins read

Sri Lanka Rejects Billionaire Tim Draper’s Proposal of Bitcoin Adoption

While in Sri Lanka this week to film an edition of his “Meet the Drapers” TV programme with local businesses, billionaire investor and venture capitalist Tim Draper allegedly sought to persuade the government and central bank to accept bitcoin. According to Bloomberg, on Tuesday the billionaire met with Sri Lankan

February 5, 2023 1 min read

Crypto Market Signals Bullish as Bitcoin Price Skyrockets

The cryptocurrency market kick-off February with continued bullish momentum as the crypto king, Bitcoin (BTC), soared by over 45%, and the largest altcoin, Ethereum (ETH), surged around 40% in a month.  At the time of writing, the global crypto market cap has a market cap of $1.12 trillion, which increased

February 2, 2023 2 mins read