An official publication dated May 25 revealed that the Worldcoin project generated $115 million in a series C funding round. The Worldcoin project team Tool for Humanity revealed that Blockchain Capital led the completed funding round. The report stated that the funds…
An official publication by the Brooklyn-based blockchain firm Ava Labs revealed that the blockchain firm has successfully launched AvaCloud, a web3 launchpad. The post mentioned that the AvaCloud technology aims at supporting firms to create “no-code,” which will be controlled by blockchain…
In a recent announcement Dan Berkovitz, the former Commodities Futures Trading Commission Commissioner (CFTC), stated that Ether (ETH) could be grouped as a security and commodity. Commissioner Berkovitz stated that two regulatory agencies could regulate ETH. In an interview with Laura Shin…
A recent report from the Seychelles-based crypto exchange OKX revealed that the firm is seeking to acquire the Digital Asset Service Provider (DASP) permit to pursue the French market. According to the OKX report, the firm plans to establish its regional hub…
Openfort, a crypto infrastructure company, announced on Monday to successfully generated $3 million in a seed funding round. The company plans to redirect the resources to create a “wallet-as-a-service” product designed for Web3 gaming. In its advanced announcement, Openfort revealed that Gumi…
On May 21, the co-founder of Ethereum, Vitalik Buterin, shared an official publication highlighting the benefits of maintaining Ethereum consensus at its minimalism. Buterin’s post mentioned the potential risk of overloading the Ethereum validators with unnecessary devices. In his blog post, Buterin…
The famous Bitcoin payment company Strike has revealed plans to broaden its market presence to over 65 countries. On May 19, the Strike chief executive officer Jack Maller conveyed an advanced report on the company expansion plan. Before this, Strike announced plans…
Despite the lingering court case against Ripple and its native token XRP, the distributed ledger technology (DLT) payment company has launched a new platform for developing central bank digital currencies (CBDCs) and stablecoins. Ripple announced on 18 May it is launching a…
The Wyoming-based financial institution Custodia Bank plans to launch Bitcoin custodial service for its diverse clients. Speaking at the Bitcoin 2023 panel in Miami, Custodia Bank chief executive Caitlin Long stated that the diversification of businesses had compelled companies to separate the…
On May 17, the Brookly-based decentralized crypto exchange Uniswap revealed plans to go live on the Polkadot multichain network Moonbeam. During an interactive session hosted by Blockchain at Michigan, the community voted for launching Uniswap on the Polkadot network. The completed Blockchain…
UK members of parliament have called for regulation of crypto in the same category as gambling business. The country’s treasury committee made this recommendation citing the risks and uncertainties associated with crypto investing, such as price volatility A report released by the…
An official report from the popular stablecoin issuer Tether reveals that the company will heavily invest in purchasing Bitcoin (BTC) to strengthen the excess reserves. The May 17 report disclosed that the company would allocate approximately 15% of the profits to purchase…
On May 16, the leading crypto exchange in the US, Coinbase, suspended the Ethereum (ETH) staking rewards due to technical challenges. The Coinbase team revealed that the suspended ETH staking platform would continue to allow the user to earn rewards which will…
On May 12, the second largest blockchain by market capitalization, Ethereum, suffered technical challenges that disrupted the operation network on the finalizing blocks for over an hour. The Ethereum finality issues created embroiled debates among consumers. A scrutiny of the market critics…
The leading consumer electronic company in South Korea LG has submitted a patent to the World Intellectual Property Organization (WIPO). The patent allows LG users to trade their nonfungible tokens (NFTs) on the TV set. The team behind LG’s latest development confirmed…
Number one crypto exchange Binance has folded up in Canada, citing a harsh regulatory environment. The top exchange has been in operation in Canada for many years, but suddenly announced it was moving out of the country for good. This comes as…
The governor of Florida Ron DeSantis has signed into law a new bill that forbids the use of a central bank digital currency (CBDC). Another bill signed on Friday 12 May also prevents credit card companies from tracking gun sales in the…
On Thursday, Solana Labs launched a new office in New York. The May 11 report came months after the prominent Solana bricks-and-mortar company ceased operating in New York and Miami due to the prolonged crypto winter. In their announcement, the Solana Labs…
The leading crypto exchange Binance has acknowledged that the regulatory environment in the US has made it difficult to do business while expressing a desire to seek regulation in the UK. The company’s chief strategy officer Patrick Hillmann mentioned this During the…
The tax authorities in the UK will soon be granted power to seize Bitcoins held on crypto exchanges. The HM Revenue and Customs (HMRC) is proposing a legislation to this effect to seize the assets of crypto companies that fail to pay…
