Day: 14 March 2023

According to reports, stablecoins worth approximately $145 million have been transferred to various cryptocurrency exchange platforms by wallet addresses associated with the defunct cryptocurrency exchange FTX and its subsidiary, Alameda Research. Three crypto wallets, believed to be connected to FTX and Alameda Research, moved 69.64 million Tether (USDT) and 75.94 ...

OKX Ventures, the investment division of OKX, the second-largest cryptocurrency exchange by trade volume and a key player in Web3, has made a strategic investment in Scroll.  This investment aligns with OKX Ventures' objective of endorsing projects that improve Ethereum's scalability. Scroll is a fully open-source Rollup platform based on ...

The concept of the Metaverse has gained much more popularity in the past few years and is quickly becoming the future of online communication, entertainment, and virtual reality. The promise of a virtual world that allows users to interact with each other, participate in games and engage in activities in ...

Decentralized Autonomous Organizations (DAOs) allow people to collaborate and run an organization using open-source code and network participants as governance. They are internet-native entities that operate without a central authority, making them decentralized, transparent, and globally accessible.  Despite being in its early stages, DAOs are present in various projects, ranging ...

As technology continues to blur the line between the physical and digital worlds, people and businesses are eager to stake their claim in the metaverse. This is especially true in a post-pandemic world where metaverses serve as hubs for entertainment, commerce, and socializing. Enter RobotEra, a groundbreaking virtual reality platform ...

Since the publication of the Bitcoin whitepaper in 2008, the legal status of the cryptocurrency industry has been a highly debated topic. The emergence of cryptocurrencies has presented lawmakers and regulators with a new set of challenges, and their response to this nascent industry has been diverse. While some governments ...

In traditional finance, a counterparty refers to the individual or party involved in a transaction. However, in Web3, Counterparty is a protocol similar to Metacoin. It allows for the creation of tradable, user-generated currencies and decentralized asset exchange. The protocol was established in 2014 by Adam Krellenstein, Robert Dermody, and ...

Wirex, a prominent cryptocurrency payments provider, has partnered with Novatti, a card issuer, to provide Australians with multi-currency cards. This collaboration, according to Wirex, could potentially enable over 20 million individuals to utilize their advanced multi-currency cards for everyday activities. Wirex created the world's first crypto-enabled payment card in 2015, ...

Tarabut Gateway, the MENA region's largest open banking network, has announced a new partnership with Rain, the region's first licensed trading platform for crypto assets. This marks the first collaboration between Tarabut Gateway and a crypto asset service provider. The partnership will provide Rain app users in Bahrain with faster ...

The Federal Reserve has begun an investigation into the causes of Silicon Valley Bank's (SVB) collapse. The agency will evaluate the oversight and regulatory methods utilized by the collapsed financial institution. The Federal Reserve appointed Vice Chair for Supervision Michael Barr to lead the investigation into the supervision and regulation ...