Hong Kong invites global opinions on web3 and virtual assets future

Caitlin Long announced yesterday that she is launching Avanti Bank, and seeking a charter for it to become the first bank in the U.S. to offer crypto custody services. Today, in an exclusive interview with Cointelegraph, she elaborated on why trust companies as crypto custodians are insufficient for institutional investors.Long explains “There’s a reason why…

More than 60% of respondents said they would choose to invest their $1,400 checks in Bitcoin over stocks. 1103 Total views 8 Total shares Many Americans are expected to receive $1,400 checks following U.S. President Joe Biden signing a $1.9 trillion stimulus package into law last week. New polling suggests that much of these funds…

The vote to reimburse users affected by the hack was one of the final governance decisions for Tribe DAO which has announced plans to wind down. 326 Total views 9 Total shares After months of uncertainty, the Tribe DAO has passed a vote to repay affected users of the $80 million exploit on decentralized finance…

Venezuela’s oil-backed cryptocurrency, the Petro, will be used for international commercial transactions starting in October 2018, according to a September 21 statement made by Nicolas Maduro.The Venezuelan president appeared on the national VTV channel to deliver his speech on the latest economic issues. As cited by the VTV website, he then announced the upcoming use…

The Cosmos community has approved a vote to add “replicated security (RS)” to its chain, with 99.99% of votes in favor of the motion. The much-awaited upgrade is set to go live on March 15, 2023, with the v9-Lamba upgrade. RS is the first version of Cosmos’s Interchain Security (ICS) feature, allowing blockchains in the Cosmos…

It is a goal of many in the crypto industry to evolve the space and bring it into the mainstream, but the industry still faces constant criticism from and continues to be regulated by individuals who may not fully understand how it works. Regulatory bodies worldwide have been increasingly vigilant in addressing potential risks and…

The decentralized application industry pushed above $40 billion in smart contract deposits in February 2021, and currently the figure stands at $59 billion. To date, “real money” continues to flow into the sector, and on Aug. 29, gaming startup Limit Break raised $200 million. The project gained popularity after the successful launch of its DigiDaigaku…

Just under 100 BlockFi users are reported to be affected, with some allegedly receiving as many as 700 Bitcoin due to a mishandled promotional offer. 5685 Total views 24 Total shares Crypto promotional schemes are old hat in the industry, with many businesses trying to secure customer loyalty through a range of perks and mini…

Tech firm MVC Global and logistics firm Cox Logistics Group will launch a SmartHub warehouse to improve the distribution of pharmaceuticals across the Gulf region. 1631 Total views 43 Total shares Bahrain-based tech startup MVC Global and logistics firm Cox Logistics Group will jointly launch a so-called SmartHub logistics warehouse to improve the distribution of…