Over $20 million had been earmarked to help projects that are migrating. More than 48 projects previously on the Terra network have begun migrating to Polygon almost two months after the Terra network collapsed following the implosion of terraUSD (UST). “Terra projects have begun migration,” Polygon Studios CEO Ryan Wyatt said in a tweet early […]
Terra Projects Begin Moving to Polygon 2 Months After UST Debacle Read More »
In terms of daily turnover, the British pound (GBP) is the fourth most traded fiat currency in the world, according to the Bank for International Settlements. Fintech firm blackfridge has launched a new stablecoin that is fully backed by the British pound (GBP), potentially opening the door to awider adoption of digital assets in the
KPMG to audit new pound-backed stablecoin GBPT Read More »
KEY POINTS Twitter shares fell 6% Monday, wiping nearly $1.8 billion off the company’s market value. On Friday, Musk’s attorney notified Twitter’s board that he wants to cancel the takeover. Musk on Monday posted a meme mocking Twitter management over the deal’s demise. Twitter shares sank in premarket trade Monday after Elon Musk said he is trying to terminate
Twitter shares sink after Elon Musk terminates $44 billion deal Read More »
Non-fungible token (NFT) platform, Omni was hacked for 1,300 ether (ETH) ($1.43 million) as the hacker exploited the firm’s reentrancy vulnerability protocol, according to PeckShield. The NFT money market platform allows users to stake their NFTs on the platform, normally open staking for popular collections like Bored Ape Yacht Club, to receive tokens like ETH.
NFT Lender Omni Hacked for 1,300 ETH Read More »
Binance, one of the largest crypto exchanges worldwide, has secured a license from the Bank of Spain that will let the exchange operate in compliance with the local laws. This certification means that the exchange is currently complying with its AML/KYC processes required by the government of the country. More than 17 companies have received
Binance Gets VASP License From the Bank of Spain Read More »
The document is the first publication from the department to stem from President Biden’s executive order on digital assets. The U.S. Treasury Department published a fact sheet Thursday outlining how it could work with foreign regulators to address the cryptocurrency sector. The fact sheet, which is the first report published by the department as a result
US Treasury Develops ‘Framework’ for International Crypto Regulation Read More »
KEY POINTS Tesla in June achieved its highest monthly sales of China-made vehicles since opening its Shanghai plant in 2019, as the U.S. carmaker ramped up output. Tesla sold 78,906 China-made vehicles in June, including 968 for export, the China Passenger Car Association said. Covid restrictions in Shanghai in the April–June quarter had hobbled Tesla’s output
Tesla sells record high number of China-made vehicles in June Read More »
While current operations will not be ceased, New York continues to show an adversarial stance to bitcoin mining as a whole. New York State’s Department of Environmental Conservation dealt another blow to the upstate Greenidge Generating Facility, which produces electricity for the power grid and also mines bitcoin. Greenidge stated that the decision, announced on Thursday, to
NEW YORK STATE SLINGS ANOTHER ARROW AT BITCOIN MINING Read More »
Cryptocurrency exchange Blockchain.com may suffer a total of $270 million in losses due to Three Arrows Capital’s inability to repay loans due to the bankruptcy and liquidation of Three Arrows Capital. Earlier, the embattled cryptocurrency hedge fund, Three Arrows Capital (3AC) filed for Chapter 15 bankruptcy in the U.S. as it looks to preserve its assets in the
Blockchain.com May Suffer $270M in Losses for 3AC’s Insolvency Read More »
PolySign, Mash, Floor, Euler, Trinsic, KYVE and Atmos Labs headline the latest funding deals from the world of blockchain and cryptocurrency. A lot has happened in the Bitcoin (BTC) and cryptocurrency markets since our last edition of VC Roundup. The monumental collapse of the Terra ecosystem spilled over into other segments of the digital asset market,
VC Roundup: ‘Web5,’ Metaverse sports and Bitcoin monetization startups generate buzz Read More »
