Category : Blockchain

Blockchain

Binance Resumes EUR & GBP Payments after Months of Regulatory Crackdown

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NFT Layer-2 Protocol ImmutableX Raises $200M in New Funding

Immutable X, an Ethereum-based layer-2 Non-Fungible Token () token platform, has announced the completion of its Series C funding round. It raised the sum of $200 million from leading investors in the space. As by the startup, the funding round wa...

Yearn Finance Founder Andre Cronje Allegedly to Stop Contributing to DeFi

Andre Cronje, the renowned blockchain developer who came to the limelight with Yearn.finance, is allegedly going to stop contributing to (DeFi) and cryptocurrencies in general. Anton Nell made the revelation a Fantom Foundation developer who took...

Espresso Systems Raises $32M in Seed Funding, Bringing Scaling & Privacy Solutions to Web 3

On Monday, Espresso Systems, a rapidly rising scaling and privacy system for Web 3 applications, announced that it raised $32 million in a funding round led by Greylock Partners and Electric Capital. Other firms, including Sequoia Capital, Blockch...

FTX Crypto Exchange Announces Major Expansion into European Market

FTX, a major cryptocurrency exchange, announced on Monday it is launching a new European affiliate- FTX Europe, as part of efforts to establish its business in the continent. The exchange made such an announcement after securing approval from Cypr...

Crypto Supports Formula 1 Racing in Modern Technology , Says Mercedes Lead

With 80% of racing teams in the 2022 Formula 1 (F1) grid featuring at least one crypto sponsor, Mercedes team principal Toto Wolff that are part of modern technology that cannot be ignored. Wolff pointed out: “I think when we are looking ba...

Crypto is Becoming the Lifeline for Ordinary Russians, Coinbase CEO Says

Meanwhile, as the war between Russia and Ukraine ravages, Coinbase CEO Brian Armstrong that are emerging as the lifeline for Russians as the nation faces heavy sanctions. Armstrong said: “Some ordinary Russians are using crypto as a lifeli...

CVS Pharmacy Files for NFT and Metaverse Trademarks Registration

Healthcare giant CVS Pharmacy has for a new trademark to offer Non-Fungible Token (NFT) related products or what it described as “Downloadable Virtual Goods” in the metaverse. Per the filing, prescription drugs, beauty, and personal care products...

Four Payment Operators Join in Suspending their Services in Russia amid Ukraine Crisis

More payment operators follow the orders of sanctions issued by the U.S., American Express, Visa, Mastercard, and announced on Saturday that they are all suspending their operations in Russia in protest of the country's ongoing invasion of Ukraine....

Virginia Senate Votes to Support New Bill by Permitting Banks to Offer Crypto Custody Services

With just a signature away, banks operating in the United States of Virginia will soon be able to offer cryptocurrency custody services. Based on the unanimous vote from the Virginia Senate, the proposed introduced on January 22 this year by Deleg...

Coinbase Will Not Bar Russian Users Unless New Laws Requires: CEO Brian Armstrong

Coinbase’s Chief Executive Officer, Brian Armstrong, has expressed his thoughts on the calls from the public that should ban Russian users from utilizing their services. As detailed in a which has become one of the primary ways Armstrong communic...

Top 3 Tokens to Watch this Week: BTC, LTC & DOT

The digital currency ecosystem had wild price swings this past week, with the global cryptocurrency market capitalization recording a low valuation of $1.71 trillion in the trailing seven-day period. The volatility has helped the digital assets eco...

Mawson Infrastructure Group Signs New Hosting Services Deal with Foundry Digital

Mawson Infrastructure Group, an Australian Bitcoin miner, announced on Friday that it signed a 12 megawatt (MW) hosting co-location deal with the U.S. crypto mining services provider Foundry Digital. The deal will bring Mawson’s crypto mining hosti...

Circle Delays Launching DeFi API Product, Cites Needs for more Regulatory Guidances

Circle, a major crypto payments infrastructure provider and stablecoin issuer, on Friday announced that it postponed the launch of its anticipated decentralized finance (DeFi) application programming interface (API) product, citing the need for more...

Switzerland to Freeze Crypto Assets Linked to Russians

On Friday, the federal government of Switzerland announced plans to freeze all crypto assets held within its borders that are owned by Russian citizens and businesses sanctioned by the European Union. On Friday, the federal council stated it plans...

Ukraine Cancells Crypto Airdrop Program, Instead Embraces NFTs Plan

Ukraine's government announced on Thursday that it cancelled its plan of a crypto airdrop for receiving donations towards its fight against last week's Russian invasion. The authorities have instead stated that they will sell non-fungible tokens (NF...

Swiss City Lugano Partners with Tether to Adopt Crypto Tax Payments

The City of Lugano in Switzerland has entered into a partnership with Tether Operations Limited to drive its technological advancement while enabling its capabilities to allow its residents to pay their taxes through . Per the from the duo, the p...

Russia Might Resort to Bitcoin Mining as Sanctions Continue to Bite

Based on the ripple effect of sanctions slapped on Russia because of its ongoing invasion of Ukraine, Russia continues to be starving for foreign currency. It might make Bitcoin mining an alternative to bypass sanctions. Nevertheless, Russia might...

API-Based NFT Startup Rarify Raises $10M Funding Round, Led by Pantera Capital

Rarify, an application programming interface (API) platform, announced on Thursday that it raised $10 million in a Series A funding round led by crypto investment firm Pantera Capital. Rarify said that it plans to use the funding to accelerate hiri...

Foundry Digital Joins Forces with Crypto Lobbying Group Blockchain Association

Foundry Digital, a subsidiary business of Digital Currency Group (DCG) focused on digital asset mining and staking, on Thursday announced that it has become a member of the Blockchain Association, which is made of industry leaders advocating for the...

Zignaly Secures $50 Million Funding to Fuel Global Expansion

Zignaly, a Singapore-based social investment platform, announced on Thursday that it has raised $50 million in investment funding from GEM Global Yield LLC SCS (GGY), a Luxembourg-based alternative investment group focused on emerging markets across...

Bitcoin Becoming Global Digital Collateral due to Russia-Ukraine War, says Analysts

Bitcoin () is playing a very important role in the ongoing war between Russia and Ukraine, and residents of these two nations have taken to the digital currency to complete most offshore transactions. Drawing on this unique role, Bloomberg’s Senior...

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