A test for a Web3 wallet within the Grab superapp is being planned by Grab (GRAB) and stablecoin operator Circle. According to the firms, Singaporeans who use the ride-hailing, food delivery, and digital payment app will have access to the Grab Web3 Wallet, where they may utilise vouchers in non-fungible token (NFT) form and earn
A federal judge in the Southern District of New York sentenced Karl Greenwood, one of the founders of the OneCoin pyramid scheme, to 20 years in prison for his involvement in the conspiracy, according to a statement from the attorney’s office. Additionally, Greenwood was ordered by U.S. District Judge Edgardo Ramos to forfeit $300 million,
According to CEO Brad Garlinghouse in a recent interview. this year, Ripple will hire 80% of its workforce outside of the United States in nations with more transparent regulations. “You see markets like we have here in Singapore, and certainly even what we’re seeing in Hong Kong, the U.K., and Dubai, where the governments are
Currency exchange In an effort to allay concerns expressed by the U.S. Trustee, the Department of Justice’s bankruptcy division, in a recent filing, FTX has modified its proposal to sell billions in crypto assets. Since the threat of a crypto participant selling off up to $100 million of assets each week has already cooled crypto
Since 2020, wash trading of cryptocurrencies worth at least $2 billion has been reported on Ethereum-based decentralised exchanges (DEXs), according to Solidus Labs, a pioneer in crypto-native transaction surveillance and risk management. This information is contained in the most recent Crypto Market Manipulation Report from Solidus Labs. According to the report, which examined almost 30,000
Hidden Road, a credit network for institutions, has joined Komainu Connect, the cryptocurrency custody platform created by Nomura, Ledger, and CoinShares. Clients can now use digital assets in collateralization circumstances while their assets are still in safe and regulated custody thanks to Hidden Road, the first prime broker to join the ecosystem, Komainu said in
After months of testing during which no significant flaws were found, BNB Chain developers today announced that the opBNB network, a layer 2 built on OP Stack, is now online. Any off-chain system, network, or technology constructed above a foundational, or layer 1 blockchain is referred to as a layer 2. Developers can utilise the
Franklin Templeton, the newest traditional asset management company to enter the competitive field, filed for a spot bitcoin exchange-traded fund (ETF) on Tuesday. Franklin Templeton suggested an ETF that would be held in Coinbase’s custody and trade on the Cboe BZX Exchange, Inc. in a filing with the U.S. Securities and Exchange Commission. A ticker
The Woo Network-owned WOOFi, a top decentralised exchange platform, has declared a strategic switch from networks that support the NEAR Protocol to those that do. The goal of this transformation is the creation of its version 2.0 omnichain DEX. TOKEN 2049 saw the announcement of WOOFi’s changeover. WOO’s founder and CEO, Jack Tan, emphasised that
A joint report titled “Project Sela – An Accessible and Secure Retail CBDC Ecosystem” has been published by the Hong Kong Monetary Authority (HKMA), the Bank of Israel (BOI), and the Bank for International Settlements Innovation Hub (BISIH) Hong Kong Centre. The report was released on September 12 during a meeting in Tel Aviv. The
Token burning has prevented the cryptocurrency community from having a large number of tokens with little to no value, despite the fact that there are a lot of new tokens being created all the time. In the cryptocurrency community, burning tokens is a not-so-new idea that has gained popularity and has drawn the curiosity of
The Marrakesh-Safi Province of Morocco recently experienced an earthquake, and Binance Charity has promised to airdrop up to $3 million in BNB to those customers who are impacted there. Submissions of Proof of Address (POA) form the basis of the airdrop criteria. Users who have finished their POA by September 9th, 2023 in the most
Consensys, one of the largest Ethereum blockchain developers and the maker of the well-known MetaMask cryptocurrency wallet, announced the launch of a significant new feature dubbed “MetaMask Snaps,” which will let users choose from a variety of app-like or add-on customizations for their browser extension. Snaps, as defined by the business, are “new features and
Exploring the promise of unifying rules for safer social token minting while examining the obstacles and dishonest practises in the cryptocurrency ecosystem Community coins have become increasingly popular in the world of cryptocurrency, frequently using well-known names like Elon Musk, Tesla, and Andrew Tate or even memes like Pepe. Unfortunately, these coins frequently have no
According to two persons with knowledge of the situation, HSBC, one of the biggest banks in the world with headquarters in London, is collaborating with the company Fireblocks, a leader in bitcoin custody technology. Prior to this agreement, Fireblocks had experience dealing with major institutions and specialised in cryptocurrency safekeeping technology like multi-party computation (MPC).
The seventh version of Cryptopedia was released by OKX in partnership with Polygon, a company that develops infrastructure and scales Ethereum. According to a press statement shared with Blockchain.News by OKX, the platform for Cryptopedia is designed to provide crypto-centric education with a financial component. This season, which lasts for six months, is offered as
A non-custodial wallet service is being provided by cryptocurrency custody company Fireblocks to its extensive list of fintech and corporate clients so that end users of companies like Revolut and Nubank can fully control their own assets. This move has become necessary in the market as a result of the collapse of several crypto firms
EOS, a cryptocurrency utilised within the decentralised application platform, will be handled by BitTrade, a cryptocurrency exchange with registered operations in Japan, starting on September 13, 2023 at 15:00 JST. This is the country of Japan’s first domestic handling of EOS. A cryptocurrency called EOS, which is well-known for its use in smart contracts and
According to court documents filed on Friday, Steve Kokinos, the former CEO of Algorand, will take over as CEO of the organization that will take over Celsius’ activities and will sit on a board with two members of the insolvent crypto lender’s own creditor committee.As the cryptocurrency meltdown began to take hold in July of last year, Celsius filed for bankruptcy. At the moment, creditors are voting on whether to sell the company to Fahrenheit Holdings, which could result in a partial return of their investment. In July 2022, Kokinos resigned from his position at the staking-based blockchain Algorand.Along with the hedge fund Arrington Capital and the mining company US Bitcoin, whose respective leaders Asher Genoot and Michael Arrington will also serve on the board, he is a co-owner of Fahrenheit.Scott Duffy and Thomas DiFiore, the two co-chairs of Celsius’ creditor committee, who were contacted at key points of the sale process to represent the interests of people owing money, and who were given the opportunity to appoint six of the nine board members, are now members of the NewCo board. “Steve has been a serial entrepreneur and investor for over 25 years, founding and operating companies ranging from internet infrastructure, cloud software, communications, and crypto,” according to a brief resumé included in the court documents, which described him as the proposed CEO of the Delaware corporation, as yet unnamed but referred to
One of the oldest and most well-established decentralized exchanges (DEX), Sushi, has extended its offerings to layer-1 blockchain Aptos.Sushi is now available on a blockchain that is incompatible with the Ethereum Virtual Machine (EVM) for the first time thanks to the transition to Aptos.According to DefiLlama, it had previously been available on Ethereum, Arbitrum, Base, Polygon, Fantom, BNB Chain, and other platforms. Sushi’s platform has $350 million in total value locked (TVL), $267 million of which is on Ethereum.According to DefiLlama, Aptos only has $45 million in locked value as of the time of publication.The relocation of Sushi to Aptos may open new doors for capital investment, enabling it to compete with non-EVM franchises like Solana, Mixin, and Osmosis. “This expansion to Aptos not only unlocks a new level of deep liquidity across major blockchain networks but also significantly elevates the cross-chain trading experience,” Sushi said in a statement. Former Meta (META) personnel founded Aptos.Despite having a market valuation of over $1 billion and having launched its own APT coin last year, the blockchain was unable to draw in a sizable amount of DeFi TVL.
A handful of other illustrious Web3 investors contributed $20 million to Animoca Brands, a metaverse and gaming venture finance firm, to help promote its Mocaverse project.Kingsway Capital, Liberty City Ventures, and GameFi Ventures also contributed to the investment, which was led by CMCC Global, according to a statement released on Monday by the Hong Kong-based firm. Yat Siu, the other co-founder of Animoca, took part in it for himself. In recent years, Animoca Brands has been one of the top investors in NFTs, blockchain games, and metaverse-related businesses, with support from organizations like Singapore’s Temasek state investment fund.The goal of Animoca is for Mocaverse to offer users Web3-native tools so they may create games and other forms of entertainment. Moca ID, a non-fungible token (NFT) collection created to enable users to create on-chain IDs in order to engage in the Mocaverse ecosystem, is one such product currently under development. Simple Agreements for Future Equity (SAFEs), which will automatically convert into common shares after six months, were sold to raise the cash. Each SAFE cost approximately A$4.50 ($2.90).
In the recent past, a mysterious but significant NFT brand has appeared on the Web3. Young Ryoshi in Space is a limited edition collectible that was unveiled by HEEL and SHIBACALS. Only 45 of these unique artworks will be available on the market thanks to this collaboration between the two well-known organisations. The NFT collectable
A significant development for decentralised financial applications has been made with the announcement of the XLS-30 AMM modification for the XRP Ledger (XRPL) by RippleX, Ripple’s XRP Ledger. The validator community is presently voting on whether to incorporate the modification into the XRPL Mainnet. The XLS-30 is designed as a native protocol and is referred
The founder of the Turkish cryptocurrency network Thodex, Faruk Fatih zer, was found guilty of a big fraud case by the Anatolian 9th High Criminal Court. Six more people were held in addition to Zeer, totaling 21 people who were allegedly involved in the fraud. The court issued a harsh ruling. A astounding term of
The Terra Classic community is voting on several recommendations as worries are voiced about an increase in spam as a result of a drop in the price of Luna Classic (LUNC). The minimum deposit requirement would be increased from 1 million LUNC to 5 million LUNC under a new proposal, which anticipates a possible price
While Worldcoin’s introduction brought attention to artificial intelligence (AI) tokens, recent trading data from Kaiko shows that, in spite of the excitement around Worldcoin’s launch, AI tokens have stagnated. The data shows that the trading volume of tokens related to artificial intelligence (AI) climbed rapidly over the last month, rising from $570 million to $870
It should come as no surprise that a rumoured $25 million cryptocurrency giveaway on the social media site formerly known as Twitter is indeed too good to be true. The Grayscale Bitcoin Trust (GBTC), which, as a result of a recent court victory, may be on the verge of being converted into a preferred traditional
The United States Securities and Exchange Commission (SEC) claimed on Friday that the issue of whether or not Ripple broke the law when it made XRP available to ordinary investors by listing it on cryptocurrency exchanges requires the involvement of an appeals court. As part of its ongoing action against the cryptocurrency firm closely linked
NounsDAO is on track to undergo a treasury split in a week after a significant number of the charming, colourful digital collectibles’ owners decided to engage in cryptocurrency’s most recent “rage quit.” Holders who own 25% of all Nouns NFTs are dismissive of the project. They are scrambling to get a higher price directly from
The Chairman of the Securities and Exchange Commission (SEC), Gary Gensler, has come under fire from House Majority Whip Tom Emmer for allegedly increasing his authority in ways that are unfavourable to the American people. Emmer, who represents Minnesota’s 6th District, expressed his worries on Twitter. He made a scathing criticism of Gensler’s strategy, saying
