Gavin Wood is stepping down from his role as chief executive officer of Parity, the blockchain infrastructure company driving the Polkadot ecosystem (1). Wood will, however, continue to hold the position of the chief architect at Parity Technologies and will continue to serve as a majority shareholder in the company. Wood’s co-founder, Bjorn Wagner (2), … Read more
At least one of the major Hollywood studios is mulling the possibility of shifting its focus on the home entertainment market away from DVD collections and toward NFTs. Warner Bros. announced on Thursday that it would be releasing new fan translations (NFTs) for its classic film “The Lord of the Rings: Fellowship of the Ring,” … Read more
According to a report published by Bloomberg (1), following a successful bid to acquire the remaining assets of the defunct cryptocurrency broker Voyager, the cryptocurrency exchange FTX.US is now offering a recovery plan that would see customers of Voyager recover approximately 72% of their funds recovered. However, the transaction cannot be finalized until the bankruptcy … Read more
Anatoly Yakovenko, (1) the co-founder of Solana Labs, took the stage last night at Disrupt, TechCrunch’s annual global startup conference, and dropped hints (2) that the upcoming Saga smartphone from Solana Labs will provide a novel alternative to the conventional business models that are utilized by companies such as Google and Apple. He called the … Read more
In order to get ready for the issuing of treasury securities on a blockchain platform, the Israeli Ministry of Finance has come up with a project that is currently being called “Eden.” The Tel Aviv Stock Exchange (TASE), a company that provides custody for digital assets, Fireblock, and VMware, a company that develops software solutions … Read more
Even though JPMorgan CEO Jamie Dimon has referred to cryptocurrencies such as Bitcoin as “decentralized Ponzi schemes,” the world’s largest financial firm has gone ahead and hired a new head of virtual assets financial regulation. According to a story from Bloomberg Law (1), Aaron Iovine, who formerly worked in a position quite similar to the … Read more
On October 18, around 50,000 Bitcoin (BTC) were removed from Coinbase, marking the first time since June that such a significant volume of the flagship asset has departed the exchange. The orange line in the following graphic depicts the number of Bitcoins that customers have withdrawn from Coinbase since the beginning of the current year. … Read more
According to a filing lodged with Companies House on October 12, billionaire Cameron Winklevoss, who was a co-founder of Gemini and helped form the company, is no longer a director at Gemini Europe. (1) Gemini Europe is an entirely subsidiary of the Gemini crypto exchange, which is situated in New York and presently operates in … Read more
According to Japan News, the hacker organization known as Lazarus operating out of North Korea, is suspected of launching repeated cyberattacks against Japanese cryptocurrency exchanges. The Japanese National Police and the agencies in charge of financial services have come together to release a joint statement with the goal of educating the general public on the … Read more
The Japanese government is mulling over the possibility of introducing a new rule in an effort to exert more authority over the cryptocurrency industry. At a cabinet meeting on October 16, lawmakers discussed a “bundling bill,” which would combine six distinct regulations to make it hard to launder money in the cryptocurrency market. The goal … Read more