Linux debuts decentralized trust with Hedera and 100+ members
The Linux Foundation Decentralized Trust will incorporate all of Linux’s decentralized projects in one place, including all of Hyperledger.
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Japan to test Ripple’s ODL service for money transfers to Philippines
Japan’s first On-Demand Liquidity (ODL) service implementation helps Ripple to drive the adoption of crypto-enabled services. Showcasing the use of cryptocurrency in monetary transfers, Ripple has become a known partner for traditional institutions that wish to revamp their cross-border remittance services. Taking this vision further ahead, Ripple announced a new partnership with Japan’s SBI Remit…
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Bitmain-linked firm Sophgo denies supplying AI chips to Huawei
Chinese chip manufacturer Xiamen Sophgo has denied having any business relationship with Huawei after being cut off by Taiwan Semiconductor Manufacturing Company.
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Crypto debanking could drive industry underground: Australian Treasury
The Australian government is addressing the risks of cutting banking services to crypto exchanges amid a flurry of banks restricting certain services over scams. The growing trend of banks cutting services to cryptocurrency companies in Australia could lead to undesired consequences like making the industry less transparent, according to the country’s Treasury Department.On June 28,…
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ICC and Blockchain Firms Agree on $40B Funding for Climate Projects
The International Chamber of Commerce (ICC) has partnered with a Singapore government-backed blockchain startup to reduce carbon emissions in commercial aviation. In a press release on Dec. 10, the ICC said that a partnership with Perlin and blockchain-based carbon offset exchange AirCarbon will provide $40 billion for climate projects in the aviation industry. ICC: partnership will inspire…
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Another depeg — Acala trace report reveals 3B aUSD erroneously minted
As the dust settles on another decentralized finance exploit, Acala continues to trace tokens that were erroneously minted after a misconfiguration in a newly launched liquidity pool. 459 Total views 28 Total shares High-profile security incidents continue to be a theme in 2022 as the Acala Network joined a long list of stricken platforms to…
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Sam Bankman-Fried goes on trial: A week in review
Luxury real estate, political donations, investments, and magazine covers. A year ago, that was the life of Sam Bankman-Fried, Assistant U.S. Attorney Thane Rehn remarked during the opening statements of the world's most famous crypto trial."All of it was built on lies," Rehn continued, claiming that the co-founder of Alameda Research and FTX "lied to
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Bitcoin is the original cryptocurrency, introduced in 2009 to provide individuals and institutions with an alternative to cash payments and an investment opportunity for those looking to avoid the banking system in the wake of the 2008 global financial collapse. While adoption was slow in the early years, its popularity has boomed in the last…
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With crypto mining banned in Iran, local authorities seize 7K rigs
The police chief of Tehran said authorities had raided 50 locations across the Iranian capital in the last 48 hours, discovering 3,000 illegally operating crypto miners. Iranian provincial police are continuing their crackdown on crypto miners big and small, with news surfacing that they have confiscated more than 7,000 rigs at a farm operating in…