Allianz, Germany’s biggest insurer, buys 24% of MicroStrategy’s $2.6B notes
The insurance giant reportedly made the investment across four different sub-organizations, according to Bloomberg Terminal data shared by pseudonymous analyst Petruschki.
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The United Arab Emirates chase crypto and blockchain adoption
For a long time, the United Arab Emirates has been one of the most progressive crypto countries in the world. For example, government-owned licensing firm Kiklabb allows clients to pay for their visa and trade license fees via various digital assets to the Dubai Financial Services Authority, which announced its decision to work on a…

Solana integrates Web3Auth to lower DApp barrier-to-entry
Web3Auth's technological infrastructure has already been implemented by the likes of Binance Chain, Ubisoft and Rarible across an array of Web3 projects. 991 Total views 39 Total shares Solana Labs and Web3Auth have announced a collaborative digital wallet initiative designed to eliminate the prerequisites for seed phrases in cryptocurrency interaction, and in turn, streamline a presently tedious…

South Korean crypto lending firm Delio under investigation by regulators
The firm allegedly denied having any exposure to troubled sister lending firm Haru Invest before suspending transfers earlier this month. According to a report by local news outlet Digital Asset, South Korean crypto lending firm Delio is currently under investigation by the country's Financial Services Commission (FSC) as of June 30. The Commission alleges fraud,…

Looks Like the Loom Network Has Thrown in the Towel
According to available information at press time, sources show a highly uncertain future for the Loom Network, a platform-as-as-service blockchain project.Cointelegraph investigated a number of Loom Network communication channels, finding no firm proof of a live project. A May 8 tweet from Bruno Skvorc, owner of blockchain and cryptocurrency education platform, Bitfalls, led Cointelegraph staff down…

$51K Bitcoin price not a problem as ‘structurally, nothing has changed’
On-chain data points toward a bullish future for Bitcoin despite today’s sell-off to $50,400. 868 Total views 13 Total shares On March 25, concerns surrounding the record-breaking $6.1 billion (BTC) options expiry this Friday sparked an overnight sell-off that dropped Bitcoin price to $50,400.The downturn was not a surprise for many traders and some called for…

Sotheby’s moves $10 million CryptoPunk to solo auction event
One ultra-rare CryptoPunk is set for some extra stage time at a hotly anticipated upcoming auction. In a Tweet today, luxury auction house Sotheby’s announced that the sale of CryptoPunk #7530, also known as “Covid Alien”, will be offered during a “special, standalone” auction. The Punk was previously announced as part of the “Natively Digital” event,…

Token Trading Platform From Russia’s Richest Man Enters Testing Phase
Russia’s richest man, Vladimir Potanin, is making steady headway with his blockchain-based trading platform for industrial assets and commodities.The billionaire’s venture, dubbed Atomyze, launched today, Feb. 25, in test mode. Potanin’s mining and smelting firm Nornickel will be the first to issue tokens on the platform, which is designed to speed up transactions, enable surplus…

Otherside Metaverse demo kicks off with 4,500 participants: highlights
Around 4,500 people havejumped into the “first trip” tech demo of the Otherside Metaverse project associated with Yuga Labs’ Bored Ape Yacht Club (BAYC).The highly anticipated first trip occurred on July 16 and was open to Otherdeed NFT land owners, known as Voyagers, who have all snapped up tokenized land plots in the Otherside virtual…