South Korea’s Delio declared bankrupt with $1.75B in assets lost
A creditors’ meeting will be held in March, but their funds reportedly disappeared into the chaos of the FTX collapse.
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OKX secures full UAE license, opens retail and institutional trading
The trading platform highlighted that investors can deposit and withdraw UAE dirhams using their local bank accounts.
BitGo raises $100M after losing lawsuit against Galaxy
BitGo’s Series C funding featured entirely new investors based in the United States and Asia, CEO Mike Belshe said. 286 Total views 1 Total shares Cryptocurrency custody platform BitGo has raised fresh capital after facing a series of terminated deals involving firms like Michael Novogratz’s Galaxy Digital.BitGo has raised $100 million in a Series C…
IMF Urges Marshall Islands to Reconsider Adopting Digital Currency as Second Legal Tender
The International Monetary Fund (IMF) has warned the Republic of the Marshall Islands (RMI) about the risks of adopting a cryptocurrency as a second legal tender, according to an official press release published on September 10.In the report, the U.S.-based agency backed by the United Nations addresses the government of the Republic of the Marshall…
AI Meme Content Creators Benefit From New DeFi Revenue Model
Alethea AI, a decentralized Synthetic Content Network which tracks the usage and intellectual property of AI-generated content, has officially launched a new revenue model leveraging Decentralized Finance(DeFi) for content creators on March 30. DeFi plays an important role Alethea AI’s users can now leverage a new smart contracts revenue model to support their favorite synthetic AI-generated memes…
Shopping with Crypto: More Than 240 Locations in Slovenia Accept Payment Via New App
The team behind a mobile application enabling shoppers to pay with crypto at online and brick-and-mortar stores has unveiled new features and a redesign — enabling consumers to shop as post-New Year sales are in full swing.Eligma, a startup dedicated to smart commerce and blockchain advocacy, says the latest version of its Elipay app has…
Ivy League Universities Set to Boost the Crypto Industry With an Injection of Institutional Investment
Despite the crypto volatility, the widely publicized regulatory concerns and a lack of liquidity in the cryptocurrency market, reports show that university endowments worldwide are dipping their toes into cryptocurrencies.Recently, a survey conducted by a trade publication in partnership with two other startups showed that up to 94% of the 150 endowments surveyed had an…
Bitcoin DeFi ecosystem explained
The Bitcoin Taproot upgrade unlocked the potential to create DApps on the Bitcoin blockchain, improving the blockchain’s long-term viability by accelerating the DeFi movement on the Bitcoin network. Decentralized finance (DeFi) has experienced tremendous success since 2020, with nearly all of that growth being fueled by Ethereum. Ethereum paved the way for novel financial services…
Fintech Company ZELF launches anonymous Visa debit card with crypto recharge
The company’s latest initiative will allow users to open up a U.S. dollar checking account with only their name, email, and phone number. 912 Total views 2 Total shares Own this piece of crypto history Collect this article as NFTAmerican fintech company ZELF has introduced an anonymous Visa debit card to be accepted at any…