Following the failure of Terra Luna UST and FTX in 2022, there has been a growing chorus of voices in the United States advocating for regulating crypto asset markets. Already, authorities in the United States are investigating the FTX and Alameda case, and key personnel, including former Chief executive Sam Bankman-Fried (SBF) and ex-FTX head … Read more
The Brazilian neo-bank Nubank has announced its intentions to make its cryptocurrency, Nucoin, available to all of its Brazilian customers. In October 2022, the bank, which serves over 70 million people in Brazil alone, officially announced the free token. Around that time, Nubank mentioned that it would collaborate with Polygon blockchain to develop its loyalty … Read more
When the testing process of the CBDC, digital dollar – the eAUD, officially begins, the Reserve Bank of Australia (RBA) has revealed that it will be working along with payments firm Mastercard. The Reserve Bank of Australia has stated that it plans to investigate a wide range of applications for its central bank-issued digital currency … Read more
On March 1, the cryptocurrency exchange Binance made the announcement that it would be launching the non-fungible token (NFT) marketplace application known as Bicasso. Bicasso is a novel NFT generator powered by artificial intelligence (AI), comparable to existing platforms such as DALL-E and Midjourney. What is Bicasso? Users are able to enter into their … Read more
In response to the recent $9.1 million security breach, Platypus Finance has established a compensation webpage for its customers. Users are able to check how much the platform owes them by using this portal, which operates in accordance with the decentralized finance (DeFi) protocol. The Platypus team clarified that in the event that customers uncover … Read more
OKX, a cryptocurrency exchange, confiscated upwards of $2 million in a total of Tether’s USDT stablecoins on Tuesday, February 28. The tokens were reportedly connected to five cryptocurrency accounts involved in “malevolent price manipulation” of the Celestial (CELT) token. In addition, the cryptocurrency exchange plans to re-credit all affected users with a total of three … Read more
Reports indicate (1) that Marathon Digital Holdings, Inc. anticipates recording revenue of $38.4 million for the quarter ending in December 2022. Even though this amount is three times higher than what the cryptocurrency miner made in the previous quarter, it is still lower than the $60.3 million that it made in the same time period … Read more
Goldman Sachs, which is an investment bank, has said that there is a strong possibility that the company would hire additional workers to strengthen its digital assets division. Mathew McDermott, the worldwide head of the team, reportedly affirmed in an interview (1) that the bank continues to be “hugely supportive” of blockchain applications. Hence, even … Read more
The cryptocurrency exchange known as Binance has responded to a report published by Forbes that asserts it secretly moved $1.8 billion in customer collateral. As AcyptoAnnals reported earlier, the leading cryptocurrency exchange reportedly shifted the assets that backed stablecoins without telling its consumers of the move. According to the report published by Forbes, Binance shifted … Read more
The Blockchain Founders Fund (BFF), a venture capital fund based in Singapore that invests in the most successful blockchain firms worldwide, has raised $75 million for its Fund II, which just recently ended. After the announcement (1) of the major close of its Fund II in early 2022, the venture capital fund made public on … Read more