The now-defunct cryptocurrency lending platform BlockFi has indicated that it will reimburse a total of $103,471 to its customers in the state of California. The new information was conveyed to the public through a statement (1) that was made on Monday by the California Department of Financial Protection and Innovation (DFPI). Troubles of BlockFi … Read more
Brian Armstrong, the COE of Coinbase Global Inc, an American publically traded bitcoin exchange, has campaigned for a more comprehensive representation of pro-crypto persons in US politics. Coinbase Global Inc is a publicly-traded company in the United States. During his speech at a Twitter Spaces event (1), Armstrong urged cryptocurrency supporters to “call their congressman, give … Read more
The Turkish virtual money startup Metatime has successfully completed a new investment round in which it raised an amount of $11 million. The company plans to prioritize the development of its protocol. According to a report (1), the investment round consisted of two separate token sale rounds, which saw participation from some of the most … Read more
The cryptocurrency investment company 21Shares stated that it would immediately stop providing six exchange-traded products (ETPs). According to a spokeswoman for the corporation, the decision was made after the organization decided that there was a lack of demand for these particular products. Five of the six items that are going to be discontinued will stop … Read more
In the wake of the failure of Silvergate and Signature Bank, Fidelity Digital Assets made its cryptocurrency service available to the general public. Fidelity Crypto is now available (1) to the general public after the announcement made by Fidelity Digital Assets regarding an early waitlist for cryptocurrency trading in November 2022. The investment manager discretely … Read more
A short while ago, the Filecoin Virtual Machine (FVM) became operational (1) on the mainnet. As a result, the blockchain underlying the payment system can now handle additional functionalities. Smart contracts and the ability for users to program through the Filecoin Virtual Machine are examples of these features. The launch of the FVM on the … Read more
Circle claims that most of the reserves backing its USDC stablecoin are in the form of United States Treasury Bills. The cryptocurrency startup Circle, the issuer of the stablecoin known as USD Coin (USDC), recently announced that the USDC reserve risk that the company’s important customers were nursing had been removed. According to what was … Read more
A recent Reuters article claims that OpenAI is working on expanding the level of personalization available to users of its ChatGPT chatbot. The developer of ChatGPT plans to distribute tools that will give businesses and individuals greater agency over the widely adopted AI system. Executive Director of OpenAI Sam Altman said (1) the services should … Read more
The cryptocurrency venture capital firms’ portfolio companies were encouraged by the firms to withdraw their assets from the United States commercial bank Silicon Valley Bank (SVB). Specifically, five crypto-focused VC investors have strongly recommended to their portfolio firms that they remove their cash from the banks as a safeguard. This comes when Silicon Valley Bank Financial … Read more
Coinbase, the major crypto exchange in the US, has introduced (1) an innovative feature that it believes will bring millions of users to web3. Businesses will be able to create cutting-edge web3 experiences with streamlined wallet onboarding made possible by releasing a new product called “Wallet as a Service” (WaaS). Because of the development of … Read more