Bitcoin whales snapped up $4.3B of BTC amid price slump

The Canto blockchain has been down for over a day, and the team has scheduled an upgrade to fix the issue for Aug. 12.

The chairman of the rural bank Jean Chalopin also happens to be the chairman of Deltec Bank, which has Tether and Alameda both on its client list. 603 Total views 2 Total shares The bankruptcy proceedings of cryptocurrency exchange FTX have revealed many new aspects of its unethical practices. The latest revelation around its stake…

Bitcoin (BTC) price appears to have faked out investors with its move to $42,000 last week and while the digital asset struggles to hold above $38,000, altcoins with strong fundamentals and real-world applications are gaining momentum. Terra (LUNA), a blockchain protocol that backs the fiat-pegged TerraUSD (UST) stablecoin, is one such project that has managed to buck…

Iran’s plan to battle international sanctions through the use of a state-sponsored cryptocurrency has been brewing for over a year now.It’s been a viable and exciting option for a country that had been cut off from the global economic community up until 2015 and again in 2017, following a short reprieve after agreeing to dial…

The Alphabet Workers Union filed a report to the U.S. National Labor Relations Board accusing Google of violating labor law that prohibits retaliation against organizing. 125 Total views 1 Total shares Google and Accenture, who have a joint business venture, are being accused by the Alphabet Workers Union of being in violation of federal labor…

Israeli cybersecurity startup GK8 has reportedly developed the world’s first offline system for transacting cryptocurrencies.The new system uses GK8’s proprietary cryptographic techniques that enable instant blockchain transactions of digital assets without any need for an internet connection, Israeli business news publication Globes reported on Sept. 18.The company raised $4 million in a funding round led by…

German-based Dürr, one of the world's leading mechanical and plant engineering firms, has secured a sustainability loan of 750 million euros, the interest on which is linked to its eco-friendly performance. The credit agreement, reported on Aug. 8 by Finance Magazine (German), was self-initiated by Dürr, utilizing a blockchain-based syndicated loan platform. The consortium process was…

Central banks should leave issuance of digital currencies to corporations such as Facebook and JPMorgan, according to a blockchain and financial partner at PwC France, Forbes reports March 22.According to PwC France’s Pauline Adam Kalfon, central banks should stay away from the issuance of central bank digital currencies (CBDCs) until large corporations test out the…

The outcome of elections with pro- and anti-crypto political candidates could determine the future of digital asset legislation and regulation in the United States. 258 Total views 4 Total shares On Nov. 8, registered voters across the United States will cast ballots for political candidates to represent them at the local, state, and federal level…