Robinhood, Kraken, Paxos launch Global Dollar stablecoin network
A swathe of major firms from traditional finance have partnered to launch the Global Dollar Network, a regulation-compliant network designed to accelerate the adoption of stablecoins.
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Operator of Newly Launched Binance US Appoints Former Ripple Exec as New CEO
The operator of United States-based division of Binance crypto exchange has appointed former Ripple exec as its new CEO, the company officially announced on July 2.BAM Trading Services (BAM), the operator of recently launched Binance US, has hired Catherine Coley, former liquidity management expert at Ripple, to oversee the launch of Binance US and bring…
Bitcoin.org goes offline after suffering scam attack
Bitcoin.org previously fell victim to a DDoS attack in July, with hackers demanding a Bitcoin ransom. Bitcoin.org, one of the first websites about Bitcoin (BTC), has been hacked by online scammers and down as of the time of writing. Cobra, Bitcoin.org’s anonymous curator, announced on Sept. 23 that Bitcoin.org was compromised, with hackers managing to put up…
Volvo Is Using Blockchain to Source Conflict-Free Cobalt for Its Cars
Automaker Volvo Cars, owned by Chinese automotive group Geely, has produced electric cars with cobalt mapped on a blockchain, Reuters reports on Aug. 2.Blockchain used to combat child laborPer the report, Volvo also joined a project to monitor cobalt from Democratic Republic of Congo overseen by responsible-sourcing group RCS Global. Information technology outlet ITNews suggests…
FDIC pins Signature Bank’s failure on poor governance and illiquidity
FDIC blamed SBNY’s board of directors and management for pursuing “unrestrained growth” using uninsured deposits without implementing liquidity risk management strategies. 89 Total views 1 Total shares Own this piece of history Collect this article as an NFTThe United States Federal Deposit Insurance Corp’s (FDIC) post-mortem assessment of Signature Bank of New York (SBNY) revealed…
Crypto derivatives data signals improving investor sentiment and a possible trend reversal
This week the total crypto market capitalization rallied 10% to $1.68 trillion, which is a 25% recovery from the Jan. 24 bottom. It's too early to suggest that the market has found a bottom but two key indicators — The Tether/CNY premium and CME futures basis — have recently flipped bullish, signaling that positive investor…
Don’t be delusional: Decentralization doesn’t compensate for regulation
DeFi needs regulation to build trust, attract institutional investment, and ensure long-term viability despite its decentralized nature.
Payments firm Rocketfuel Blockchain sues co-founder over expired patents
The blockchain payments company said it unknowingly owns patents that expired before these were transferred to them. 1031 Total views 15 Total shares Blockchain payments company Rocketfuel Blockchain is suing its co-founder for allegedly misrepresenting patent applications and defrauding the firm. In a complaint filed with the Central District Court of California, Rocketfuel claimed its co-founder…