FTX says Backpack acquisition of EU arm has not been approved by court
FTX says that Backpack has not been authorized to return funds to creditors despite the Solana exchange saying it would take over creditor repayments from FTX.
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Walmart Files Patent for Blockchain-Based Drone Communication System
American retail giant Walmart has submitted a patent application for a drone communication system that is based on blockchain technology. Walmart filed its patent with the United States Patent and Trademark Office (USPTO) on Aug. 1. The filing describes a system on a drone that encrypts and stores that drone’s operational parameters. That information is subsequently…

MakerDAO Users Vote on ‘Stability Fee’ Increase as DAI Stablecoin Peg Wobbles
Decentralized Autonomous Organization (DAO) MakerDao (Maker) will let users vote on whether or not to raise a fee used within its Dai (DAI) stablecoin, the organization confirmed in a blog post on Mar. 4.Dai, which is a USD-backed stablecoin, is different from Maker’s utility token, MKR, which is trading at $678 by press time. The…
How blockchain is transforming fundraising for startups and entrepreneurs
The venture capital world has long been known for its traditional approach to funding and investing in startups. However, the emergence of blockchain technology can potentially disrupt this industry and revolutionize the way venture capital operates.One significant aspect of this disruption is the tokenization of assets. Blockchain enables the creation of digital tokens representing ownership…

UAE’s Largest Real Estate Firm Emaar Denies Reports That It Accepts Crypto: Bloomberg
The United Arab Emirates’ (UAE) largest real estate development firm, Emaar Properties, has officially denied reports that it enabled crypto payments for property, Bloomberg reported on Feb. 20.Known for developing the world’s tallest building, Burj Khalifa — located in Dubai — the firm told Bloomberg that it currently accepts only fiat currencies, such as UAE…

Charles Hoskinson rejects Vitalik Buterin's view on pro-crypto voting
This clash of views comes as the 2024 U.S. presidential election approaches, with significant implications for the future of cryptocurrency regulation in the country.

Weekly active crypto devs drops over 26% over the last 3 months
Blockchain developer activity is one of the most crucial metrics in measuring the success of a smart contract platform — one that lacks developers will struggle to grow. 262 Total views 4 Total shares The crypto industry has seen more than a 26% reduction in weekly active developers over the last three months amid a…

Nifty News: Doge NFTs much wow, Paris Hilton is an NFT advisor, NFT game raises $3M
Billy Markus, the co-founder and engineer of Dogecoin (DOGE), who also sold off his DOGE stash for the equivalent of a used Honda Civic in 2015, has entered the nonfungible token (NFT) market. On June 9, Markus unveiled the drop of Doge-based NFTs dubbed “Capped Dogecoin” which he described as “Much cap, very deflation, many…

Bitcoin reclaims $60K and ‘this time is different,’ says analyst
Bitcoin reclaimed the $60,000 price level for the first time in 14 days, amid a month that is typically perceived as bearish for Bitcoin.