R3 explores strategic options amid blockchain industry challenges
R3 started out as a consortium and grew fast. Now it is reportedly waiting to see where fate takes it next.
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MakerDAO launches $5M legal defense fund
At its inception, the defense fund will receive a budget of $5 million held in the DAI stablecoin. Own this piece of history Collect this article as an NFTAccording to a new social post on Feb. 1, Maker decentralized autonomous organization, or MakerDAO, has approved the creation of a new fund dedicated to expenses related…
VeChain’s New Partnership Could Bring Blockchain Tech to Dozens of Untapped Industries
Cyprus is becoming a hotspot for Blockchain technology. The VeChain Foundation has partnered with the accounting and consulting firm, Grant Thornton Cyprus.According to an announcement from the company, the partnership hopes to extend blockchain solutions to a variety of industries. These will largely be determined by the Cypriot company’s network of customers, but may include…
IMF sees climate change, DAOs, CBDC as threats to Marshall Islands, urges reforms
Entering the crypto economy is not a good idea for a country with “capacity constraints” and no central bank, the IMF thinks. The Republic of the Marshall Islands (RMI) has completed its annual talks with the International Monetary Fund (IMF). The country is expected to see gross domestic product (GDP) growth this year, the IMF…
CryptoKitties Creator and UFC to Launch Tokenized MMA Tamagotchis
Dapper Labs, the company behind CryptoKitties, has announced a partnership with leading mixed martial arts promotion Ultimate Fighting Championship (UFC).According to a press release on Feb. 25, the partnership will see the development of “a new digital experience” for UFC fans, including opportunities to own, maintain, and trade UFC-branded collectibles on Dapper Labs’ Flow platform.Dapper…
Japanese financial giant SBI acquires TaoTao crypto exchange
SBI now has two licensed crypto trading platforms in Japan. 559 Total views 1 Total shares Japan's largest on-line financial conglomerate, SBI Holdings, now owns two licensed cryptocurrency trading platforms with its new acquisition of TaoTao exchange.According to an official announcement on Oct. 7, SBI’s foreign exchange and derivatives arm SBI Liquidity Market has acquired…
Malta financial watchdog approves Iconic’s crypto index fund for stock market listing
Iconic Funds claims its index fund will be Europe’s first with direct exposure to crypto assets listed on a regulated market. 574 Total views 22 Total shares The Malta Financial Services Authority has greenlit the crypto asset index fund from asset manager Iconic Funds for listing on the Malta Stock Exchange.In an Wednesday announcement, Iconic…
Token Trading Volumes ‘Plummet’ on Major Exchanges, Diar Report Says
A new report from weekly crypto outlet Diar published Nov. 26 states that trading volumes on major exchanges have dropped substantially.Diar’s data, sampled from across eight leading crypto exchanges — Binance, OKex, Huobi, Bitfinex, Kraken, Poloniex, Bittrex, HitBTC — reveals that 60 percent of cryptocurrencies that continue to be listed as of Jan. 2018 are…
Report: Bithumb Denies Accusations of Faking Trade Volume
South Korea-based cryptocurrency exchange Bithumb has denied allegations of faking trade volume, Forbes reported on Dec. 19.Cryptocurrency exchange ratings and analytics service CER has accused Bithumb of faking up to 94 percent of its trade volume since late summer of 2018. In response to the accusations, Bithumb reportedly told Forbes that "Bithumb is doing nothing…