Crypto Biz: Consolidation ramps up among crypto firms

The food industry could save up to $31 billion in global fraud savings by tracking food on its way from farms to consumers via the blockchain.A Nov. 25 study by Juniper Research reveals that blockchain technology, in combination with Internet of Things (IoT) sensors and trackers, will greatly reduce retailers’ costs by streamlining supply chains,…

Bankrupt crypto exchange FTX has announced it will be “resuming ordinary” cash payments, salaries and benefits to its remaining employees around the world.The announcement came from new FTX CEO John Ray III on Nov. 28, as the insolvency professional looks to help FTX and its approximated 101 affiliated companies (FTX Debtors) navigate their way through…

Nonfungible tokens give major brands new ways of interacting with their consumers spanning art, fashion and gaming. 160 Total views 12 Total shares The hype surrounding nonfungible tokens (NFTs) has allowed some of the world’s most iconic brands to rake in hundreds of millions of dollars in additional revenue, underscoring the mass consumer appeal of…

Bitcoin (BTC) traded $1,000 off weekly lows after the Nov. 22 Wall Street open as a BTC price relief bounce held firm.BTC/USD 1-hour chart. Source: TradingViewBitcoin respects "very clear" key levelsData from Cointelegraph Markets Pro and TradingView followed crypto markets as they recovered from snap downside the day prior.As the dust continued to settle on

Nearly 40% of new fintech firms to launch in Hong Kong over the past year are operating in the blockchain sector. 1866 Total views 50 Total shares Blockchain firms are increasingly dominating Hong Kong’s financial technology sector, with 39% of new firms launching in the country’s fintech industry last year operating with distributed ledger technology,…

According to OpenAI, SearchGPT will give users a more intuitive search experience, allowing them to ask questions to refine a search as they would using ChatGPT.

The crypto exchange said the new open-source public blockchain was aimed at "payments, DeFi and NFTs." 2929 Total views 16 Total shares Cryptocurrency exchange Crypto.com has launched a fully decentralized open-source public blockchain, the Crypto.org Chain.In an announcement today, the crypto exchange said it had launched its Crypto.org public blockchain after more than two years…

Enterprise blockchain startup Kaleido, a part of ConsenSys’s venture studio, became the first to implement crypto privacy firm QEDIT’s zero-knowledge proof solution.An optional featureQEDIT claims in a press release shared with Cointelegraph on Sept. 15 that this partnership with Kaleido will enable its private asset transfer feature as an off-the-shelf option for businesses using the…

The Ministry of Finance of India continues to form a careful position on private cryptocurrencies. 354 Total views 2 Total shares The Minister of Finance of India, Nirmala Sitharaman, has given a ray of hope for the Indian cryptocurrency community, as more fear, uncertainty and doubt circulate regarding a supposedly impending ban on digital assets. In…