RedStone Oracles raises $15M led by Arrington Capital

Amid speculation as to whether China’s second-largest property developer, Evergrande Group, will default on its $300 billion in debts, analysts are wondering whether the firm’s collapse could pose contagion risks for the crypto industry.On Sept. 8, Fitch Ratings asserted it “appears probable” that Evergrande will default on its debts, with the firm having since conceded…

Technology behemoth International Business Machines (IBM) is open to working with Facebook on its Libra stablecoin, CNBC reported on Sept. 23.IBM’s general manager of blockchain services Jason Kelley said that the company is looking to spur collaboration in the space, noting that “blockchain is a team sport.” He also highlighted the firm’s openness to the…

Major U.S. consulting firm Boston Consulting Group (BCG) has released an in-depth report August 16, which it dubs a “reality check” for the use of blockchain in the commodity trading industry. For commodities trading, BCG argues that there is a strong argument for using blockchain, while taking stock of “significant drawbacks on several fronts.” The…

The settlement plan proposed in February would give Genesis creditors 80% recovery of funds but many raised demands, leading to the mediation. 140 Total views 1 Total shares Digital Currency Group (DCG), the parent company of crypto firm Genesis Capital, has reported no solution to its “outstanding intercompany obligations” that could help reimburse creditors.In a…

The Latin American exchange has raised $62 million in a Series B funding round led by the investment funds Kaszek Ventures and QED Investors. 887 Total views 1 Total shares Bitso, the biggest crypto exchange in Latin America, has raised $62 million dollars in a series B funding round.Bitso plans to use the funding to…

"This would end the potential corruption of lawmakers pursuing policy outcomes that benefit their portfolios,” said 27 members of the U.S. House of Representatives in a letter calling for a ban on stock trading. 1240 Total views 35 Total shares Congresspeople currently HODLing or actively trading in crypto may have to stop doing so while…

It was once said that the internet would make it possible for anyone with 1,000 fans to make a living, but Li Jin believes that in the age of NFTs, one or two serious supporters may be enough.Jin is a flag bearer for the “passion economy,” which she describes as an economic system that allows…

French President Emmanuel Macron has advocated the use of blockchain to innovate supply chain management in the European agriculture industry. The president made his remarks during the 56th International Agriculture Fair in Paris on Saturday, Togolese agriculture news site Agridigitale reported on Feb. 23.Macron called for unity among European nations to counter competition from global…